Currently, criminals are using various techniques such as impersonation, forgery, and email hacking to change the details of transfer recipients in order to trick the sender into sending money to a criminal’s account which is causing great financial damage.
With branches nationwide and a variety of service channels, you can easily transfer funds overseas
You can submit an application for outward remittance during Bank working hours and the Bank will execute an international funds transfer as specified in the application, on the same day as you applied.
You will need to contact the Bank in advance, and the Bank will submit your request to our correspondent bank in Vietnam to consider and inform us of the result of your request within 3 business days*. The procedure is as follows:
*Time prescribed may change depending on the correspondent Bank in Vietnam.
The Bank provides an international funds transfer service in Vietnamese Dong (VND) to Vietnam under the "Charge OUR" fee option only, which is 1,150 baht* per transaction for paying both the fees of Bangkok Bank and the correspondent bank in Vietnam.
*Different correspondent banks in Vietnam charge different fees depending on the amount transferred and the beneficiary bank. If the correspondent fees that Bangkok Bank has collected from a sender is insufficient, the Bank will collect an additional fee from the sender equivalent to the actual fee charged by the correspondent Bank in Vietnam.
Advice to transfer funds to Myanmar via SWIFT
From June 1, 2020 onwards, the Central Bank of Myanmar requires Bangkok Bank’s customers to indicate the ITRS Code (International Transactions Reporting System Code) for International Fund Transfer transactions to Myanmar. Therefore, you are advised to obtain an ITRS Code from your recipient in Myanmar and provide the code in the "Application for Outward Remittance" form to enable Bangkok Bank to include the ITRS Code in the SWIFT message to the beneficiary bank in Myanmar with the purpose of the payment to the Central Bank of Myanmar. If you do not indicate the ITRS Code, or provide the wrong ITRS Code, it may cause a delay in the payment to your recipient, and you may have to pay an additional charge if the bank in Myanmar applies a charge for having to send an inquiry about the ITRS Code to Bangkok Bank.
Example: How to indicate the ITRS Code in an Application for Outward Remittance
If you wish to transfer funds for goods to a recipient in Myanmar, indicate ITRS Code 1100
ITRS stands for "International Transactions Reporting System Code" which is a 4-digit numeric code to indicate the purpose of a remittance transaction and comply with the Central Bank of Myanmar regulations.
1. Goods exported and imported
2. Transport and travel services
3. Other services
7. Transactions in claims (assets) on non-residents
8. Transactions in liabilities to non-residents
9. Transfer of funds between residents
10. Realized gains or losses
To transfer funds overseas you will need the following information:
If transferring funds to a bank account in Europe or the Middle East, senders should ask recipients for their IBAN.