In today's global economy, cross-border remittances have become increasingly common, and selecting the correct bank and SWIFT code is crucial for ensuring smooth fund transfers. For those conducting business with Thailand, understanding KRUNG THAI BANK PUBLIC COMPANY LIMITED's banking details is essential.
The Correct SWIFT Code
KRUNG THAI BANK's primary SWIFT code is KRTHTHBKXXX . This alphanumeric identifier is mandatory for international wire transfers, guaranteeing that funds reach the intended financial institution accurately. The bank's headquarters are located at: Floor 6, 35, Nana Nua Building, Sukhumvit Road, Bangkok, 10110, Thailand .
Why SWIFT Codes Matter
The SWIFT/BIC system, comprising 8-11 character codes, serves as the global standard for identifying specific banks and their branches during international transactions. KRUNG THAI BANK maintains multiple branches across Thailand and potentially overseas, each potentially having distinct SWIFT variations. Verifying the exact code before initiating transfers prevents processing delays or failed transactions.
Verification Protocol
Financial experts emphasize triple-checking SWIFT codes against the latest official bank records. Outdated or incorrect codes may trigger intermediary bank holds, unnecessary fees, or complete transfer rejection. Most banking institutions provide real-time code verification tools through their online platforms or customer service channels.
Additional Considerations
Beyond the SWIFT code, remitters should account for transfer fees, exchange rate margins, and processing timelines. KRUNG THAI BANK offers specialized international transaction services, though recipients may encounter local banking regulations affecting fund availability. Monitoring global financial market conditions can help identify optimal transfer windows for maximizing value.
As digital finance evolves, maintaining accurate banking information remains fundamental for both personal and commercial transactions. Proper SWIFT code usage reflects financial diligence and contributes to secure, efficient cross-border payments within the modern economic landscape.