Send Money to Thailand

It’s easy to send money to Thailand with Rutland FX. Businesses and individuals can sign up for an account for free, as long as you meet the criteria listed on our application guidelines page. Once you’re all set up, you can make currency conversions to THB and money transfers directly on the platform or by speaking to your account executive.

The fastest way to send money to Thailand is via SWIFT GPI. This method is highly efficient, with 40% of payments arriving in less than 5 minutes and most payments arriving within 24 hours. In some cases, you can even make an instant international payment to Thailand in THB. SWIFT GPI also provides easy tracking of your payments through the SWIFT network, ensuring transparency for your international bank transfers. You can monitor your payment directly on our platform.

To make a payment via SWIFT GPI with Rutland FX, simply select ‘Priority Payment.’ If SWIFT GPI is available for your transaction, it will be enabled automatically, allowing you to make a quick international money transfer at no additional fee.

FAQs: Sending Money to Thailand

What is an IBAN for Payments in THB?

When sending money to Thailand, the IBAN (International Bank Account Number) is required. This code helps identify the recipient’s bank and specific branch in Thailand, ensuring the money is directed correctly.

IBAN: Identifies the recipient’s bank within Thailand. An IBAN is a standardised international code that uniquely identifies a specific bank account. For example, an IBAN could be “TH12345678901234567890”. This number is structured as follows:

• The first 2 characters represent the country code (e.g., “TH” for Thailand).
• The next 2 digits represent the check digits.
• The remaining characters represent the domestic bank account number.

How are my Funds Protected?

As an Electronic Money Institution (EMI), Currency Cloud is obligated to maintain adequate capital reserves and ensure the proper safeguarding of customer funds. All funds received in relation to electronic money will be safeguarded in tier-one credit institutions such as Barclays Bank PLC. This ensures that in the unlikely event of our insolvency, administrators would reimburse your funds from the safeguarded funds.

Can I Receive Funds from Thailand?

Yes, Rutland FX can provide you with a UK-based THB account that supports SWIFT transfers. This is particularly useful if you are selling a property or assets in Thailand and need to repatriate funds at a better exchange rate. However, we can only onboard you as a customer if you are a citizen or have a residence in, or if your business is registered in, one of the supported countries.

Can I Send Money to Thailand Using Other Currencies Besides THB?

Yes, you can. For example, it is common for businesses and individuals in Thailand to hold multi-currency accounts. You can send USD to Thailand if the recipient holds a USD account in Thailand that supports SWIFT payments.

Are There Any Limits on the Amount of Money I Can Transfer to Thailand?

There are currently no transfer limits on SWIFT payments to Thailand with Rutland FX. This means you can settle large invoices or move substantial amounts of money with ease using Rutland FX.

How Do I Track the Status of My Transfer to Thailand?

Our THB transfers are sent using SWIFT GPI by default, meaning they will be trackable, traceable, and recallable. You can track your payment directly on the platform or by contacting your account executive. You will be able to see the full journey of the transfer along the SWIFT network, detailing how long it took to arrive and any deductions taken by correspondent banks, if any.

How Do I Cancel or Amend a Transfer to Thailand After It Has Been Initiated?

You should always double-check bank details and ensure you want to dispatch a payment before sending funds internationally to avoid delays. However, on some occasions, you may want to cancel a payment. If a payment has been instructed on your account but has not yet been dispatched, you can cancel it on the platform or by contacting support.

If the payment has already been dispatched and the funds have gone to a trusted recipient, the fastest way to get the funds back would be to ask the recipient to send it back to your THB account with Rutland FX. If not, we can action a recall on the funds; however, this is not guaranteed and may require consent from the recipient if the funds have credited their account.

How Can I Contact Rutland FX Support?

Rutland FX offers live support via telephone and email. Email support is available 24 hours a day, ensuring you can get assistance at any time. Telephone support is available during UK business hours, from 8:30 AM to 5:30 PM.