When conducting international money transfers, selecting a reliable bank and ensuring fund security are primary concerns for every customer. Understanding how to use correct SWIFT/BIC codes becomes crucial for successful transactions to KASIKORNBANK PUBLIC COMPANY LIMITED, one of Thailand's leading financial institutions.
The Importance of SWIFT Codes in Global Banking
KASIKORNBANK, headquartered in Bangkok's dynamic financial district, maintains the SWIFT/BIC code KASITHBK (with optional branch code CMD ). This standardized identifier ensures seamless cross-border transactions to the bank's network.
SWIFT codes, formally known as Bank Identifier Codes (BIC), consist of 8 to 11 alphanumeric characters that uniquely identify financial institutions worldwide. These codes serve as international routing numbers, directing funds through the secure SWIFT network to their intended destinations.
Critical Information for International Transfers
Before initiating any transfer to KASIKORNBANK, verify these essential details:
- Bank name: KASIKORNBANK PUBLIC COMPANY LIMITED
- Primary SWIFT/BIC code: KASITHBK
- Complete code (with branch identifier): KASITHBKCMD
- Headquarters location: Bangkok, Thailand
Financial institutions periodically update their SWIFT information. Customers should always confirm the current code with their sending bank or through KASIKORNBANK's official channels before initiating transfers.
Optimizing Your International Transactions
Proper use of SWIFT codes offers multiple advantages:
- Reduces processing delays caused by incorrect routing information
- Minimizes the risk of funds being misdirected or returned
- Ensures compliance with international banking regulations
- Provides transparency throughout the transfer process
For high-value transactions or time-sensitive transfers, some customers may opt to include additional recipient details such as account numbers in local and international formats, along with specific branch information when available.
Security Considerations
While SWIFT codes facilitate international transfers, customers should remain vigilant against potential fraud. Always verify banking details through official communication channels and beware of unsolicited requests for financial information.
KASIKORNBANK's established presence in Thailand's financial sector and adherence to international banking standards provide customers with reliable service for their cross-border transaction needs.