Disclaimer: This article is not directed at US customers.
Here you’ll find answers to the most common questions about Thai baht (THB) transfers.
You can’t currently send money from THB.
Sending to THB
Who can I send THB to?
You can send THB to individual and business bank accounts in Thailand.
What information do I need about my recipient?
You’ll need their full name, address, bank name, and 5–16 digit long bank account number.
You’ll also need to tell us why you’re sending the money.
How much can I send?
You can send up to 2 million THB per transfer.
Please note that you’ll be able to send 50,000 THB or above per transfer only to the following banks starting from 7 January 2022 due to regulatory changes:
Bangkok Bank Public Company
Siam Commercial Bank
You can still send money to recipient accounts that use other banks, but you’ll only be allowed to send them up to 49,999 THB per transfer. There’s no limit on how many transfers you can create.
How long does it usually take for the money to arrive?
Once we receive and convert your money, it usually takes up to 1 working day to arrive in your recipient’s bank account. Conversion can take up to 2 working days.
We’ll always give you an estimate for how long your transfer will take when you set it up.
How to get your THB transfer marked as International Transfer by the Recipient Bank?
If your recipient Bank is Kasikorn Bank or Bangkok Bank:
Set transfer amount to THB
Add recipient details
Choose Kasikorn Bank or Bangkok Bank Public Company as the Recipient Bank
Enter account number
On Transfer Purpose: Select “Funds for long term stay in Thailand” or “Purchase of Property”
Review transfer details and Confirm
Select Payin method and pay for your transfer
You’re all set!
Your transfer should be marked as International Transfer in your recipient bank’s app, website, or passbook.*
*For Kasikorn Bank, ‘Trade Finance Deposit' marking is equivalent to ‘International Funds Transfer’.
If your recipient Bank is other Bank:
Please request for FET form as stated in below guideline
What’s a Foreign Exchange Transaction (FET) form?
A FET form is a document that confirms money sent into Thailand came from abroad. When a bank receives a transfer of 50,000 USD or more, they have to send a FET form to the Bank of Thailand to report the money.
You’ll need a FET form if you’re a foreigner buying property in Thailand, or if you’re applying for a Thai visa.
Why can’t Wise give me a FET form?
We aren't authorised by the Bank of Thailand to issue FET forms. It’s because of how we work: when you send money with us, we use our Thai banking partners to send out your money locally. It doesn’t cross any borders, so it doesn’t show up as a foreign transaction.
How can I get a FET form?
The recipient needs to ask for a FET form from the partner bank that we paid your money out from. You can check which bank this is on your transfer receipt. To find it:
Go to the transfer in the Activity section of your Wise account
Click View transfer details
Click Download PDF receipt
Go to the second page to find banking partner details
Transfers sent by Bangkok Bank
Where to contact:
For a customer who maintains an account with Bangkok Bank: contact Bangkok Bank branch where you maintain the account.
For a customer who maintains an account with another local bank in Thailand and if your funds transfer was sent through Bangkok Bank as an intermediary bank:
Contact Bangkok Bank Head Office branch, or call 02 230 1338 or 02 626 3457 from 8:30AM - 4:00PM during banking hours
If you are located in a provincial area, you can contact your local Bangkok Bank branch to help you to coordinate with the Bangkok Bank Head Office branch.
Documents required by Bangkok Bank:
Passport of the recipient
Evidence of transferring funds with Wise
Savings passbook or statement of the account showing the international funds transfer transaction
Credit Advice Receipt of the bank (if any)
Sales Purchase Agreement for the condominium in Thailand (If your funds transfer purpose are for buying property in Thailand)
Once Bangkok Bank has checked these documents, they’ll issue a confirmation letter to the recipient. They can then use this to prove that the money came from abroad.
Bangkok Bank’s fees
The fee for issuing a Confirmation Letter of International Funds Transfer is 100 Baht per letter.
The fee for issuing a Credit Advice Receipt which is more than 6 months is 100 Baht per transaction, with a maximum fee of 500 Baht
Transfers sent by Kasikorn Bank
If the transfer was sent out by Kasikorn Bank, the recipient needs to go to their nearest Kasikorn Bank International Trade centre. They’ll need to bring:
their Bank Savings Passbook or statement showing the transaction
their visa (if applicable)
Kasikorn Bank may charge an administration fee.
Transfers sent by Deemoney
If the transfer was sent out by Deemoney, the recipient needs to send an email to firstname.lastname@example.org with the following details:
Clearly state that this is a request for an FET form for an overseas incoming transaction from Wise
Banking partner reference (can be retrieved from your transfer receipt)
Deemoney will issue the FET letter free of charge.
Sometimes, we might send your transfer through a different banking partner who can’t provide a FET. This might be because of a technical issue, or some other unforeseen event.
If you know you definitely need a FET, it’s best that you send a SWIFT transfer with your bank this time. SWIFT is a more expensive method, because it’s not a local transfer. But it does mean you’ll be able to prove that the money came from abroad.