International money transfers often present challenges, particularly when selecting the right banking partner and providing accurate transaction details. For those conducting cross-border transactions with Thailand, Krung Thai Bank Public Company Limited offers comprehensive financial services, where the SWIFT/BIC code serves as a crucial element for successful transfers.
Bank: Krung Thai Bank Public Company Limited
SWIFT/BIC: KRTHTHBK VTN
Address: 6th Floor, Nana Nua Building, 35 Sukhumvit Road, Bangkok 10110, Thailand
The KRTHTHBK VTN code acts as a unique identifier that enables financial institutions worldwide to process payments efficiently. This alphanumeric sequence ensures funds reach the intended account promptly and accurately. The complete bank address information must be provided precisely when initiating transfers.
International transfers frequently involve currency conversion. For instance, a $10,000 transfer from Thailand to France using Krung Thai Bank's SWIFT code would undergo conversion from USD to EUR through standard banking protocols, resulting in approximately €8,485 reaching the beneficiary after processing fees and exchange rates are applied.
As global financial transactions continue to grow in volume and complexity, understanding banking infrastructure becomes increasingly important. Verifying SWIFT codes and complete bank details before initiating transfers helps prevent processing delays and potential errors. Monitoring applicable fees and exchange rates further optimizes transaction efficiency.
For both individual and corporate clients conducting business with Thailand, familiarity with Krung Thai Bank's international transfer protocols enhances transaction reliability. Accurate information submission remains fundamental to ensuring secure and timely fund delivery across borders.