In today’s globalized economy, international money transfers have become a critical component of daily transactions for individuals and businesses alike. Understanding the relevant SWIFT/BIC codes is essential for ensuring efficient cross-border payments. For those looking to send funds to Thailand, the SWIFT/BIC code for KRUNG THAI BANK PUBLIC COMPANY LIMITED — KRTHTHBK SRP —is a vital piece of information.
Bank Details and Location
Headquartered in Bangkok, KRUNG THAI BANK is located at the 6th floor of NANA NUA Building, 35 Sukhumvit Road, with the postal code 10110. The bank has built a strong reputation over the years for its efficient and reliable services, catering to a diverse clientele.
Navigating International Transfers
When initiating an international transfer, several factors must be considered to ensure a smooth transaction. For example, if you intend to send USD 10,000.00 to France, the recipient will receive the equivalent in euros, which may amount to EUR 8,484.00 , depending on the exchange rate at the time of conversion. This process involves not only currency conversion but also selecting the most suitable payment method.
Available options include:
- Direct Debit : Typically processed within three business days, with a fee of $0.
- Transfer Card or Bank Transfer : Fees vary ($40 for transfer cards, $0 for bank transfers), with funds arriving within 24 hours.
Ensuring Accuracy and Security
Regardless of the chosen payment method, verifying the accuracy of bank account details is crucial. KRUNG THAI BANK’s international transfer services facilitate both personal financial goals and business expansion abroad. Additionally, regular validation and updates of SWIFT codes enhance security and compliance, safeguarding transactions.
As international trade continues to evolve, KRUNG THAI BANK has demonstrated commendable efforts in identity verification and risk management, offering clients a secure and dependable financial service. Whether for business transactions or personal remittances, remembering the code KRTHTHBK SRP ensures seamless cross-border transfers.