Need to wire money to Thailand? Thinking about a wire to transfer the money to Thailand? Before you walk into your financial institution to organise it, make sure you check the wire transfer fees. It may come as a shock just what the charges will be and depending on the transfer amount, it might be better to have a look at the alternatives to send the money by other methods.
What makes more costly is in addition to your bank imposing a fee for sending the funds to a place in Thailand, the individual getting the transfer of money may also incur a fee from their bank. A way to reduce the possibilty of the charge is to send the international wire transfer in their designated currency.
To initiate a bank wire transfer to Thailand, you might require a SWIFT code. These are unique codes for each bank and based on a number of things such as the country and individual bank.
SWIFT Country Code
Central Bank Name
Bank of Thailand