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Inward Remittance

 

What do you need to do to receive funds from outside the country through Bank of Asia?
How do you know when there is an overseas inward remittance transaction?
What are the supporting documents required when receiving the funds from outside the country?
How to check the details of an overseas inward remittance through Asia Cyber Banking?
When can we check for an overseas inward transaction through Asia Cyber Banking?

 


1. What do you need to do to receive funds from outside the country through Bank of Asia?

If you want the overseas remitter to remit the funds to you through your Bank of Asia's account, you will need to provide the following information to the remitter:

- Beneficiary name
- Beneficiary bank account number and branch.
- Name and address of the Bank of Asia

BANK OF ASIA PUBLIC CO.,LTD.
191 SOUTH SATHORN ROAD,
BANGKOK 10120, THAILAND

- Swift Code: BKASTHBK

2. How do you know when there is an overseas inward remittance transaction?

The bank will inform the customers (via telephone) of all inward remittance transactions. Alternatively, customers can check their bank statement or their overseas inward remittance transaction through Asia Cyber Banking. For more information, please click to this page How to do Inward Remittance On-line Service.

3. What are the supporting documents required when receiving the funds from outside the country?

If the customer receives the funds from overseas in any currency with a value of USD 10,000 or more, and that transaction is not for payment of goods that already have supporting documents, then the customer will be required to fill out the Thor. Tor. 3 form for reporting to the Bank of Thailand. The customer can request for Thor. Tor. 3 form from at the branch that receives the funds.

4. What is the inward remittance fee for receiving the funds from oversea/outside the country?

The normal inward remittance fee is THB 500 per transaction regardless of the transaction amount.

5. How to check the details of an overseas inward remittance through Asia Cyber Banking?

If the customer wants to check the details of all their overseas inward remittance transactions through Asia Cyber Banking, then the customer can request and submit the application "Request for using Asia Cyber Banking for overseas transaction" form from e-International Trade on the 13th Floor, Bank of Asia, Head Office Tel. 0-2343-4944 or at any Bank of Asia branches.

6. When can we check for an overseas inward transaction through Asia Cyber Banking?

The bank will post all customer overseas inward remittance transaction into Asia Cyber Banking at the end of each working day. Therefore, the customer who applies for the inward remittance service can check for their incoming funds at the end of each working day.


 

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