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| Bangkok Bank's New York (BBNY) Branch is a US federally chartered branch functioning as a wholesale bank. They do not have retail accounts, but funds sent to/through the Branch can be transferred on to an account at Bangkok Bank in Thailand. They are also part of the US Banking Automated Clearing House (ACH) system. If you have a US bank account, there are basically three methods for sending funds to your Bangkok Bank Account in Thailand.
International Automated Clearing House Transfers (IAT)
Baht Remittance Service Domestic Wire Transfer |
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International ACH Transfers (IAT) | Previously, you could transfer funds using the US banking system's domestic Automated Clearing House (ACH). Because of US Banking laws, such transfers now must use the International Automated Clearing House Transfers (IAT). This
format requires more information than that used for a domestic ACH
transfer. Further, this format is NOT offered by US banks to their
retail customers, thus making use of the ACH system to transfer funds to
through BBNY unusable. Click here for their current requirements to set up an International ACH transfer. |
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Baht Remittance Service | BBNY provides this service to holders of a Thailand Bangkok Bank account. Funds are transmitted by paper check (no limit) or postal money order wire transfer (limited to US$2,500). This method can take several days before funds are deposited to your Bangkok Bank Thai account. Click here for the requirements. Note: Our source with Bangkok Bank HQ advises that if use your online banking with your USA bank to mail BBNY a paper check payable to them, it is deemed a "bank check" and is accepted - personal checks are not. |
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Domestic Wire Transfer | Although you can send an International Wire Transfer to your Bangkok Bank Thai account, most USA banks charge higher fees for International than they do for domestic transfers (some financial institutions may provide domestic wire transfers to their customers for free or nominal cost).
Sending a wire transfer from your US bank to BBNY instead of Bangkok Bank Thailand is a domestic transfer. BBNY will then transfer the funds onto to your account in Thailand. To do so, you will need to:
Note: It is advisable to contact BBNY to confirm that the above is still sufficient for them to receive a domestic wire transfer to be forwarded on to your Bangkok Bank account in Thailand. Contact information: Business Hours: Monday-Friday (9:00a.m.-5:00p.m.) Tel: (1-212) 422 8200 Email: helpdesk.nyb@bbl.co.th |
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