When sending money across borders, one critical concern is whether the funds will reach their intended destination safely. Financial institutions worldwide, including Thailand's KRUNG THAI BANK PUBLIC COMPANY LIMITED, rely on standardized identification systems to facilitate secure international transactions. These banking codes, known as SWIFT/BIC codes, serve as fundamental components of global financial transfers.
Bank Information Overview
- Bank Name: KRUNG THAI BANK PUBLIC COMPANY LIMITED
- City: Bangkok
- Address: Bangkok, Thailand
- SWIFT Code: KRTHTHBK KNM
The Importance of SWIFT/BIC Codes
When initiating a transfer to KRUNG THAI BANK, using the correct SWIFT/BIC code (KRTHTHBK KNM) is essential. This alphanumeric identifier performs multiple crucial functions: it guarantees the secure delivery of funds, prevents potential losses from incorrect account details, and serves as a unique transaction marker in the international banking network.
These codes undergo regular review and updates. Financial experts recommend verifying the current SWIFT code before each international transaction to ensure compliance with the latest banking protocols.
When to Use KRTHTHBK KNM
The specified SWIFT code should be included in all transfer instructions destined for KRUNG THAI BANK accounts, whether for personal remittances or corporate transactions. Proper use of this identifier represents a fundamental requirement for successful cross-border payments.
Banking professionals emphasize the importance of confirming both the recipient's banking details and the applicable SWIFT code before initiating transfers. This verification process helps avoid processing delays and ensures efficient transaction completion.
In international finance, precise use of SWIFT/BIC codes provides an essential layer of security for monetary transfers. These standardized identifiers help maintain the integrity of global financial transactions while protecting against potential errors in the transfer process.