THB – Thai Baht
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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.
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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
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Instructions, technical guidelines & more -
To consult the Technical Guidelines of this currency, click here
TECHNICAL GUIDELINES
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Additional information • Available charge options: OUR (fees depend on beneficiary) /SHA/BEN
• Central bank of Thailand: https://www.bot.or.th/