Kasikorn Bank Swift Number for Thailand

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Kasikorn Bank Swift Number for Thailand is a crucial piece of information for international transactions. The Swift number for Kasikorn Bank in Thailand is KASITHBK.

Kasikorn Bank is one of the largest banks in Thailand, with a strong presence in the country's financial sector.

The Swift number is a unique code that facilitates secure and efficient international money transfers.

To use Kasikorn Bank's Swift number for international transactions, you'll need to provide the exact number, KASITHBK, to the sender.

What is a Code?

A SWIFT code is a standard format of Bank Identifier Code (BIC) used to specify a particular bank or branch. These codes are used when transferring money between banks, particularly for international wire transfers.

SWIFT codes are made up of 8 or 11 characters, with all 11 digit codes referring to specific branches. The format of a SWIFT code is AAAABBCCDDD.

Here's a breakdown of what each part of the code means:

  • First 4 characters - bank code (only letters)
  • Next 2 characters - ISO 3166-1 alpha-2 country code (only letters)
  • Next 2 characters - location code, passive participant will have "1" in the second character (letters and digits)
  • Last 3 characters - branch code, optional - 'XXX' for primary office (letters and digits)

What is a code?

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A code is a set of characters used to identify a bank or financial institution, specifically a SWIFT code.

SWIFT codes are used for international wire transfers and are comprised of 8 or 11 characters.

The first 4 characters of a SWIFT code represent the bank code, which is only made up of letters.

The next 2 characters are the ISO 3166-1 alpha-2 country code, also only made up of letters.

The following 2 characters are the location code, which can include both letters and digits.

The last 3 characters are the branch code, which can also include both letters and digits, and is optional for primary offices.

Here's a breakdown of the different parts of a SWIFT code:

Some SWIFT codes, like KASITHBK, are used for direct electronic fund transfers to a specific account.

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SWIFT codes can be used for international bank transfers, such as sending money to KASIKORNBANK PUBLIC COMPANY LIMITED in Thailand.

SWIFT codes are also known as BIC codes, which stands for "Business Identifier Code".

A valid SWIFT code should be checked before a money transfer to ensure it's correct.

The SWIFT code KASITHBK is used for Kasikornbank Public Company Limited in Bangkok, Thailand.

Bic Code: PLC

A Bic code, also known as a SWIFT code, is a unique identifier for a financial institution.

It's used to facilitate international money transfers and is typically required by banks when sending or receiving money abroad.

Some financial institutions have multiple SWIFT codes representing different branches.

Always double-check with the recipient before sending money that you have the right SWIFT code.

A Bic code is made up of a combination of letters and numbers that identify the institution, country, and branch.

Here's a breakdown of a Bic code:

For example, the Bic code for KASIKORNBANK PUBLIC COMPANY LIMITED is KASITHBK, which can be broken down into its individual components.

Blog on Codes

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A code is a set of rules or instructions that are used to communicate or convey information. It's like a secret language that only certain people can understand.

Requirements for International SWIFT / Wire Transfer are specific and must be met in order to complete a transfer. This includes providing necessary documentation and meeting certain financial thresholds.

To illustrate, I recall a friend who tried to send money internationally without meeting the requirements and ended up having to redo the entire process.

International Wire Transfer has several advantages, including speed and reliability. This is especially important for businesses and individuals who need to send money quickly and securely.

For example, a company that needs to pay international suppliers or contractors can use International Wire Transfer to ensure timely payment.

How SWIFT Wire Transfer helps OPEC countries is by providing a reliable and efficient way to transfer funds between countries. This is especially important for countries that rely heavily on international trade.

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Procedure for SWIFT Transfer involves several steps, including setting up an account, verifying identity, and initiating the transfer. It's a bit like sending a package, but with money instead of goods.

Here's a quick rundown of the steps involved in a SWIFT Transfer:

  • Setting up an account with a participating bank
  • Verifying identity and meeting requirements
  • Initiating the transfer with the necessary documentation
  • Confirming the transfer and ensuring it's received

Kasikornbank Bank Code Thailand

The SWIFT code for Kasikornbank Public Company Limited in Thailand is KASITHBK. This code is used for direct electronic fund transfers to their account.

To find the correct SWIFT code, always double-check with the recipient before sending money. Financial institutions may have several different SWIFT codes that differ by just a few letters or numbers.

The SWIFT code KASITHBK corresponds to the Bangkok location in Thailand. The first four characters of the SWIFT code, "KASI", represent the bank name, while the next two characters, "TH", indicate the country Thailand.

The SWIFT code KASITHBK is applicable for the Bangkok location in Thailand, and it is used in the main branch. This code has been searched 344 times in the past.

Here are some key details about the Kasikornbank SWIFT code:

Payment and Tracking

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To track a SWIFT cross-border payment to or from KASIKORNBANK PUBLIC COMPANY LIMITED, you need a UETR code, reference number, amount, payment date, and currency.

This information is typically found in an MT103 form.

You can use this data to follow the payment's progress and ensure it reaches the intended recipient successfully.

The MT103 form is a standard document used for international wire transfers, and it contains all the necessary details to track the payment.

Having this information handy will save you time and reduce the risk of errors or delays in the payment process.

Additional reading: Payment Card Number

Validation and Usage

The SWIFT code KASITHBK is used for direct electronic fund transfers to Kasikornbank Public Company Limited's account.

This code is specifically applicable for the Bangkok location in Thailand. The first four characters, "KASI", represent the bank name, while the next two characters, "TH", indicate the country Thailand.

The final two characters, "BK", specify the location Bangkok. The SWIFT/BIC code KASITHBK has been searched 344 times in the past.

Consider reading: Swift Code of Bangkok Bank

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To use the EFT (Electronic Fund Transfer) or wire transfer facility, you'll need to know the SWIFT/BIC code, which is KASITHBK. This code is used in the branch located in Bangkok, Thailand.

If you encounter any issues or transfer failures, please refer to the bank's contact address, telephone number, email, customer service, or support for assistance and clarification.

Here are the details of the SWIFT/BIC code KASITHBK in a table format:

Other Codes for Public Company Limited?

Kasikorn Bank's SWIFT codes can be confusing, but it's essential to double-check with the recipient to ensure you have the right code. Always verify the SWIFT code before sending money to avoid any issues.

Financial institutions often have multiple SWIFT codes, and Kasikorn Bank is no exception. This can lead to mistakes if you're not careful.

The SWIFT code for KASIKORNBANK PUBLIC COMPANY LIMITED is a specific code, and there may be variations that differ by just a few letters or numbers. It's crucial to use the correct code to avoid any complications.

You can check with the bank directly to confirm their SWIFT codes, but it's always better to double-check with the recipient to ensure you're using the correct code.

Frequently Asked Questions

How to receive international transfers to Kasikorn Bank?

To receive international transfers to Kasikorn Bank, provide the SWIFT code KASITHBK and your account details to the transferring party. Fill out the Global Inward Form with your complete details and submit it to the transferring party for a smooth transfer process.

Is the SWIFT code the same for all branches?

The SWIFT code is not always the same for all branches, as it can vary by bank. Typically, you can use the bank's head office SWIFT code as a default, but it's best to confirm with the specific branch for accurate information.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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