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