Imagine saving diligently to send money to loved ones in Thailand, only to have the funds stuck mid-transfer due to an incorrect SWIFT code. To avoid such frustrations, here’s a comprehensive guide to the SWIFT code for Bank of Ayudhya (commonly known as Krungsri), ensuring your cross-border transactions proceed smoothly.
Understanding SWIFT Codes and Their Importance
A SWIFT code, also called a BIC (Bank Identifier Code), functions as a bank’s unique identifier for international transfers. It acts as a standardized “passport” that enables financial institutions worldwide to recognize and route transactions accurately. Errors in this code can lead to delays, returned transfers, or additional fees, making precision essential.
Krungsri Bank’s Primary SWIFT Code: AYUDTHBKXXX
The headquarters SWIFT code for Bank of Ayudhya is AYUDTHBKXXX . This serves as the bank’s universal identifier and is typically sufficient for most transfers when the recipient’s branch-specific code is unavailable. However, exceptions may apply.
When to Use the Headquarters SWIFT Code
The following scenarios justify using the primary code:
- No branch-specific code provided: If the recipient cannot supply their branch’s SWIFT details, the headquarters code is a reliable fallback.
- Centralized processing: Some banks consolidate international transactions at their headquarters, making the primary code appropriate.
- Broad compatibility: The headquarters code is widely recognized and accepted across banking networks.
Branch-Specific Codes: Precision for Special Cases
While the primary code suffices for most transfers, certain situations necessitate using a branch-specific SWIFT code:
- The recipient explicitly requires their branch’s code.
- Large transactions where absolute accuracy is critical.
How to Verify Krungsri’s Branch SWIFT Codes
- Contact the recipient: Request confirmation from the beneficiary, as their bank can provide the precise code.
- Reach out to Krungsri: Customer service or the bank’s official website may offer branch details, though verifying via phone is advisable for up-to-date information.
Additional Transfer Considerations
Beyond the SWIFT code, ensure the following details are accurate:
- Recipient name and account number: Even minor discrepancies can cause failures.
- Currency: Confirm the correct currency to avoid exchange rate losses.
- Transfer purpose: Labels like “living expenses” or “tuition” may be required.
- Intermediary bank details: Some transactions involve intermediary banks; consult your bank if uncertain.
Correcting Transfer Errors
If you spot a mistake post-transfer, act immediately:
- Contact your bank to halt or amend the transaction if funds haven’t reached the recipient.
- If the transfer is complete, coordinate with the recipient to resolve the issue.
Key Details for Bank of Ayudhya (Krungsri)
- Full name: Bank of Ayudhya Public Company Limited
- Headquarters SWIFT code: AYUDTHBKXXX
- Address: 1222 Rama III Road, Khweng Bangpongpang, Khet Yannawa, Bangkok, Thailand
Final Advice
International transfers involve multiple steps where errors can arise. Double-check all information before submitting, and consult your bank for clarification when needed. With this guide, navigating Krungsri Bank’s SWIFT requirements should be seamless, minimizing delays and ensuring your funds reach their destination securely.