How to apply

1. Fill in complete details in the outward remittance application form to ensure the convenience, accuracy, speed, and punctuality of your international fund transfer’s transaction.
2. Prepare supporting documents according to the objectives and criteria set by the Bank of Thailand (BOT).
3. Submit the application form along with supporting documents at GSB branches nationwide.
4. Receive a record of fund transfer.

Terms and conditions

1. The time for receiving international fund transfers depends on time zones and banking hours of each country.
2. The Bank will use either the spot rate or the forward rate, depending on the agreed-upon terms with the bank, for converting Thai Baht into foreign currencies.
3. The sender can request to modify or cancel the fund transfer if any incorrect information is identified. The sender is responsible for paying any applicable fees or other fees (if any).
4. Any international fund transfer that does not comply with the conditions set by the Bank of Thailand requires prior approval from the Bank of Thailand before proceeding.
5. The Bank reserves the right to refuse service if the recipient is listed on the OFAC List or who are otherwise prohibited people identified as representatives of sanctioned countries.

Additional Information

For a quick and smooth international fund transfer transactions, the Bank recommend customers to prepare the following information:

1. Recipient’s name, account number, and address in foreign countries
2. Name and address of the beneficiary’s bank (recipient’s bank)
3. SWIFT Code of the beneficiary’s bank
4. Supporting documents: For Thai people, use documents showing the purpose of the fund transfer. For foreigners, use documents showing the source of income.

If you want to transfer money to a recipient who has an account with a bank in the Europe or the Middle East, you will need to inquire about the International Bank Account Number (IBAN) from the recipient and inform the bank accordingly to ensure that the recipient receives money promptly. Without IBAN, the recipient’s bank will be unable to complete international fund transfer transactions and will return the fund back to the sender’s bank.

1. In the event that the recipient is responsible for the fees charged by the foreign bank (Charge Beneficiary), there will be a fee of 400 baht per transaction.
2. In the event that the sender is responsible for the fees charged by foreign banks:
   1. In case of transferring money in Australian Dollar (AUD), Danish Krone (DKK), Norwegian Krone (NOK), Swedish Krona (SEK), Singapore Dollar (SGD), Swiss Franc (CHF), or US Dollar (USD) to a recipient in USA, there is a fee of 400 Baht, plus an additional fee charged by the foreign bank of 750 Baht, totaling 1,150 Baht per transaction.
   2. In case of transferring money in Japanese Yen (JPY), there is a fee of 400 Baht, plus an additional fee charged by the foreign bank of 0.5% of the transferred amount per transaction (minimum amount is 1,600 Baht), totaling 2,000 Baht per transaction or higher, depending on the actual amount charged.
3. In the event that the sender is responsible for the fees charged by the foreign bank and the bank guarantees that the money will be transferred to the recipient’s bank in full (Charge Our – Full Value Transfer).
   1. The fee is 400 Baht, plus an additional fee charged by the foreign bank of 1,100 Baht, totaling 1,500 Baht per transaction, only for United States Dollars (USD) when transferring money to recipients outside the United States.
   2. The fee is 400 Baht, plus an additional fee charged by the foreign bank of 1,300 Baht, totaling 1,700 Baht per transaction, for Euro (EUR) and British Pound (GBP).

Remarks The Bank may impose additional charges if the foreign bank collects fees that exceed the initial amount charged to customers, in case of Charge Our or Charge Our – Full Value Transfer.