Can I make an international funds transfer via the internet?
Yes, you can make an international fund transfer via our online service, Bualuang iBanking.
Can I send funds to an overseas bank account in Thai baht?
Yes, provided the receiving bank accepts Thai baht. There is a “commission in lieu of exchange fee” of 0.25% of the payment amount, (minimum 300 baht, no maximum) plus Bangkok Bank’s outward transfer fee of 400 baht.
Do I need to provide documents to declare my purpose of sending funds abroad?
The Bank of Thailand requires every commercial bank to obtain documents from customers outlining the reasons for sending the funds abroad before completing the transaction. For example, you may need to provide an invoice if you make a funds transfer to pay for goods or services.
If you are foreigner, you will need to bring a document declaring the source of your income (e.g. certification of salary) to complete your overseas funds transfer.
How much does it cost to send funds out of Thailand using SWIFT?
There are two fee options when remitting funds:
- Charge BEN - Pay the sender’s fee to Bangkok Bank (400 baht), and have the receiver pay the correspondent bank fee (fees may vary).
- Charge OUR - Elect to pay both the sender’s and receiver’s fees before sending the funds (1,150 baht for all currencies, except JPY*). Please note, recipients may not receive the funds in full if foreign banks charge extra fees.
For JPY - 400 baht plus 0.05% of the funds transfer (min. 2,100 baht) per transaction.
Is there a limit to the amount I can transfer?
The maximum amount you can transfer out of Thailand is determined by the Bank of Thailand, depending on the source of funds and/or the purpose of payment, including supporting documents. For example:
| Reason for Transfer | Supporting Documents |
| Repatriating income (foreigner) | Letter from your employer stating your income |
| Paying for goods or services | Invoice |
| Paying for educational expenses | A letter from the college or school stating tuition fees, an invoice from the school |
What exchange rate does Bangkok Bank apply to outward transfer transactions?
Bangkok Bank will apply its “Selling Rate – TT” to outward transfers via SWIFT to an overseas bank account.
What information do I need to send money to an overseas bank?
Bangkok Bank will need the following details:
- The recipient’s account name and numberand also address
- The currency and amount of money
- The name and address of the recipient bank
- The SWIFT code of the recipient bank (if available)
- The purpose of the transfer
If you are transferring funds to a bank account in Europe or the Middle East, you should provide an IBAN (International Bank Account Number) in your payment instruction.
What is an IBAN?
IBAN stands for “International Bank Account Number,” which is required when transferring funds to a bank account in Europe and the Middle East. Senders should ask recipients for their IBAN.