Bank Transfer To Thailand

If you have a bank account then there are ways to send money to Thailand from your account. The time frames listed below are approximate times and they will vary from bank to bank and also in which country your bank account is held. You should always request the exact time frame from your bank prior to undertaking any bank transfers.

Sending A Check / Cheque

You are able to send a check to a receiver in Thailand, however the overall process tends to be quite lengthy and normally takes between 4 - 6 weeks. You should bear in mind that the receiver will need to have a bank account into which the check is paid into, and that their bank will charge for clearing a foreign check - the fees are dependant on the Thai bank but they are normally in the range of THB 1,800. Some Thai banks will not honour a foreign check so it is best to contact the receiver first so they can make sure that their bank will process the check prior to it being sent.

Wire Transfers

Dependant on the country from where your funds are being transferred from, you can send money to a Thai bank account via a SWIFT or IBAN transfer. You do not need to have an account with the bank from which you are sending funds, but if you do not have an account with them they will only accept cash to transfer and the charges are usually higher. To do a transfer you will need to know the receivers name, account number, their Thai banks name & address and the SWIFT or IBAN number of the receiving bank. You will need to fill in a form to initiate the transfer.

If you are going to be transferring a large sum of money, you may want to do two transfers to check the time period. First transfer should be for a small amount and when that has cleared you can transfer the main amount. Normal transfer times are 3 - 5 days. You should send funds in your own currency as the exchange rate is usually better in Thailand. Costs will vary from bank to bank but they should be in the region of THB 1900 if you are a bank customer or THB 2400 if you are not a customer. You will need to pay the charge prior to sending the funds and you should be given a numbered receipt from your bank.

Foreign Drafts

These are arranged via your bank, and normally take between a few days and a week to prepare. You may be able to pay extra for an express foreign draft, this is dependant on your bank. The funds are deducted from your account as soon as the draft is prepared - not when the receiver gets the draft. Once prepared you will need to send the draft to the receiver, so you will have to bear in mind the extra time for the draft to be received. The receiver will need a bank account into which the draft can be deposited. The cost of the draft will vary from bank to bank but should be in the region of approximately THB 1,000 and is required to be paid when initiating the draft.

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