THB – Thai Baht
The payment processing of this currency is considered to be relatively standardised. However, in order to comply with the country’s exchange control regulations, the beneficiary’s bank (for payments toward Thailand) should contact the beneficiary in order to obtain justification documents (e.g. invoices).
- Currency Guidelines
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
Payments in THB toward Thailand
Besides the standard information, the beneficiary’s physical full address is recommended.
Please note that a purpose of payment code (see Appendix V) is recommended and has to be added to the reason of payment.
It is recommended as well to provide the beneficiary’s telephone number in the remittance information.
Payments in THB outside Thailand
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix V: Purpose of Payment Codes (THB)
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Thailand: https://www.bot.or.th/