
In the realm of international financial transfers, the accuracy of SWIFT/BIC codes serves as a fundamental requirement for successful transactions. Taking Thailand's Krung Thai Bank Public Company Limited as an example, its SWIFT code KRTHTHBKVN represents more than just a combination of letters and numbers—it functions as a vital communication bridge within the global banking network.
Understanding the Banking Infrastructure
Krung Thai Bank, headquartered at Floor 6, 35, Sukhumvit Road, Nana Nua Building, Bangkok 10110 , operates as a comprehensive financial institution offering diverse services across Thailand and internationally. This geographical and operational scope makes the precise use of SWIFT codes particularly crucial for cross-border transactions involving the bank.
Essential Verification Steps for International Transfers
When initiating transfers using SWIFT codes, financial institutions recommend adhering to these critical verification protocols:
- Bank Identification : Confirm the exact match between the bank name used in the transaction and the recipient's actual banking institution.
- Branch Specification : For transactions directed to specific branches, verify the dedicated SWIFT code assigned to that particular location.
- Geographical Alignment : Ensure the SWIFT code corresponds to the correct destination country to prevent processing delays caused by regional mismatches.
The global presence of financial institutions often includes multiple branches with distinct SWIFT codes, necessitating heightened diligence from customers during international remittance processes. Methodical verification of these elements significantly reduces potential errors, safeguarding the secure and timely delivery of transferred funds.
Proper utilization of SWIFT code information has become an indispensable component of international financial transactions. When applied correctly, this knowledge serves as a protective measure for cross-border fund transfers, ensuring operational efficiency within the international banking system.