Send Money From USD to THB
Thailand runs under a formal exchange-control framework. That means banks may ask more questions than you expect especially on larger transfers the paperwork you need depends on the route, purpose, and amount.
Thailand’s exchange control rules are grounded in the Exchange Control Act (B.E. 2485) and Ministerial Regulation No. 13 (B.E. 2497), with implementation through Ministry of Finance notifications and competent officer notices.
The Bank of Thailand (BoT) administers foreign exchange under authority delegated by the Ministry of Finance.
Step 1: Choose your transfer route
Most USD to THB transfers land in a Thai bank account via SWIFT. For SWIFT delivery, you typically need the beneficiary’s account number, account name, and the receiving bank’s SWIFT code. Some banks may also request branch details or an address, depending on their internal requirements.
When formal bank records are required, such as for proof of funds or audit documentation, a direct bank transfer route is usually the preferred option.
Step 2: Define the total cost, beyond the headline fee
Your total cost normally has two layers:
- FX pricing: the rate you are given may include a margin versus a reference market rate.
- Transfer fees: fees can be charged by the sending bank, receiving bank, and sometimes along the route.
Thailand-focused guidance notes that fees for bank-to-bank transfers can vary widely depending on amount and banks involved.
Step 3: Prepare for the “threshold” questions and forms
For larger incoming transfers, Thai banks may require additional declarations. One commonly referenced trigger is USD 50,000, where the recipient may need to complete a Foreign Exchange Transaction Form when funds arrive.
BoT guidance also notes documentation requirements for outward remittances at certain thresholds (e.g., evidence for remittances at/above USD 50,000 equivalent).
Even for inbound transfers, higher amounts usually mean more checks, so keep supporting documents ready to avoid delays.
Step 4: Use a clean payment purpose and match it to documents
Banks may request the purpose of the transfer to satisfy exchange control and AML requirements. Use a short, specific description that matches your documents where applicable, such as supplier invoice 1234, tuition fees, property deposit, or family support.
Step 5: Get beneficiary details exactly right
Most delays are caused by data mismatches. Before sending, verify:
- Beneficiary name matches the Thai bank record
- Account number is correct
- Receiving bank SWIFT/BIC is correct
- Any branch details required by the sending bank are included
Step 6: Time it properly
International transfers still follow banking cut-off times and business days. Build buffer around weekends and Thai public holidays if timing is sensitive.
Common issues people come across
- The THB received differs from expectations due to FX margin + layered fees
- Transfers pause because the payment purpose is unclear or documents are needed
- Large transfers trigger additional forms or verification (e.g., around the USD 50,000 level)
- Incorrect beneficiary details cause “repair” and delays
How INFII helps
INFII is a full fledged platform to receive, store, convert, and send value seamlessly, with clear FX quotes, real time tracking, and reconciliation ready reporting. Fast payment supports same day delivery where available, while large value transfers use the right rails with strong controls. As a fully licensed and regulated platform, INFII offers a more dependable and transparent alternative to fragmented providers, whether you are making a personal transfer or running repeat business payments.
With INFII
- Transfers above USD 100 thousand can be executed via SWIFT for settlement
- Transfers below USD 10 million can be executed via fast payment routes from your INFII account, with same day settlement.
Crypto option: Pay in THB using digital assets
INFII also supports a crypto to fiat route. With on and off ramping built into the platform, users can convert between crypto and fiat instantly and settle in THB when needed. This gives businesses more flexibility. Value can be received or held in digital assets, converted into THB at the point of execution, and sent out through the appropriate payment rail based on the transfer value and corridor requirements.