THB – Thai Baht
The payment processing of this currency is considered to be relatively standardised.
Transfers equal to or greater than THB 5 million require supporting documentation indicating the purpose and exact amount of each payment. Supporting documentation includes a copy of the invoice or payroll request, or a letter on signed letterhead describing reason for transfer. The supporting documentation will be requested to the beneficiary before releasing the funds.
- Currency Guidelines
Besides the standard information, the beneficiary's full name (without intitials) is mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: provdiing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
- Additional information
• Available charge options: OUR (fees depend on beneficiary) /SHA/BEN
• Central bank of Thailand: https://www.bot.or.th/