Transferring out of Thailand

With branches nationwide and a variety of service channels, you can easily transfer funds overseas

Additional Information

Advice for transferring funds in VND to Vietnam via SWIFT
Bangkok Bank provides an international funds transfer service in Vietnamese Dong (VND) to Vietnam via SWIFT for individual and corporate customers. In compliance with relevant laws and regulations of Vietnam, before the Bank can proceed with a funds transfer as requested by the customer, the funds transfer transaction must be verified and considered by Bangkok Bank’s correspondent Bank in Vietnam. Therefore, if you wish to transfer funds to the recipient in Vietnam, you are advised to study this important information.

Type of transaction

Advice

Funds transfer valued at or less than USD 20,000 per transaction and the purpose of the transfer is not relevant to a loan or direct or indirect investment 

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.

  • Funds transfer valued at USD 20,000 or higher or
  • Funds transfer of any amount for the purpose of a loan and direct or indirect investment

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:

  • Submit an application for outward remittance without stating a date together with supporting documents related to the purpose of your payment

  • Sign an acknowledgement in "Letter of Consent for Disclosure of Information in Relation to Funds Transfer to a Recipient in Vietnam"

  • The Bank will inform you of the result of your application by phone once it has been considered by our correspondent bank in Vietnam

  • Visit the Bank within 2 Bank working days from the date you have received advice from the Bank, otherwise you must resubmit all documents to the correspondent bank in Vietnam for their consideration

 

*Time prescribed may change depending on the correspondent Bank in Vietnam.


Fees

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.

Information required when sending funds to Myanmar via SWIFT (from June 1, 2020 onwards)

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
4. Income
5. Transfers 
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

 

More information about ITRS Code

Application form for outward remittance
Information required when sending funds abroad via SWIFT

To transfer funds overseas you will need the following information:

  • The recipient’s account name, account number and address.
  • The name and address of the recipient’s bank.
  • The SWIFT address of the bank that they have an account with (if any).
  • Supporting document (for Thai citizens, a document stating the purpose of the fund transfer; for foreigners, a document stating the income’s source).

If transferring funds to a bank account in Europe or the Middle East, senders should ask recipients for their IBAN.

Transferring out of Thailand

Transfer funds for Education

Get the same market-low fee when transferring funds to your children studying overseas

FAQS

FAQs

FAQs about transferring out of Thailand

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