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THB – Thai Baht

Overview

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 here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR (fees depend on beneficiary) /SHA/BEN

• Central bank of Thailand: https://www.bot.or.th/