When sending money internationally, ensuring funds safely reach the intended bank account can be challenging. The correct SWIFT code serves as the solution to this common concern. For transfers to Thailand, understanding these banking details becomes particularly crucial. This article provides a comprehensive overview of Bangkok Bank and its SWIFT code to facilitate seamless cross-border transactions.
Bangkok Bank Overview
Bangkok Bank Public Company Limited stands as one of Thailand's largest financial institutions. Established in 1944 and headquartered in Bangkok, the bank offers diverse financial services including deposits, loans, foreign exchange, and international remittances. Its extensive domestic network and international presence enable efficient banking solutions for both individual and corporate clients.
Understanding the SWIFT Code
The bank's SWIFT code is BKKBTHBK XXX. SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes serve as standardized identifiers for international financial transactions. The structure of Bangkok Bank's code reveals important information:
- BKKB : Represents the bank's name (Bangkok Bank)
- TH : Indicates the country (Thailand)
- BK : Specifies the bank's location within Thailand
- XXX : Typically denotes specific branches (may remain blank when unspecified)
Key Information for International Transfers
Bangkok Bank's headquarters are located at 333 Silom Road, Bangruk, Bangkok, 10500, Thailand. When initiating cross-border payments, whether for personal or business purposes, using the accurate SWIFT code proves essential. This alphanumeric combination ensures proper routing of funds to the intended recipient's account.
How to Use the SWIFT Code for Transfers
International wire transfers typically require the following details:
- Beneficiary's full name and account number
- Recipient bank's name and SWIFT code
- Complete addresses for both beneficiary and bank
After verifying these details, the sender must request an international transfer through their bank. Processing fees vary between financial institutions, so confirming charges beforehand is advisable.
Ensuring Transaction Accuracy
Verifying the SWIFT code's correspondence with the recipient bank remains critical. Incorrect codes may result in failed transfers, delayed arrivals, or returned funds—even with accurate account information. Double-checking all transfer details before submission helps prevent these complications.
Understanding SWIFT code configuration minimizes potential issues in international transactions. For those utilizing Bangkok Bank's services, familiarity with its financial products and procedures enhances operational efficiency. Whether for personal remittances or commercial dealings, attention to these details proves indispensable.