Direct Deposit

[ceburat]

I have two different incomes from USA. What bank/s in Thailand would be best to deal with, that do direct depost? Please advise me. John






d

[Norton]

Thailand would be best to deal with, that do direct depost?

Any of the major banks will do and at little charge. You will have to initiate the transfer from your US bank.

If your incomes are pension funds or monthly disbursements there is a way to automate sending money to Thailand but it must be done through Bangkok Bank branch in NY city. At least it was a few years ago but rules may have changed.

[ceburat]

Thanks Norton. Do you by any chance have the nine diget bank routing number? The lady here in Korat at the BKK Bank gave me a nine diget number, however, I am not sure if it is the number for New York or her branch here. Her not knowing her job and saving face leaves me no choice but to seek help in other places. John

[Thetyim]

BKKBTHBK is the one and only code for every Bangkok Bank branch throughout Thailand.


Your account number will identify at which branch the account is held

[Humbert]

I believe Bangkok Bank is the only bank in Thailand that has direct deposit capability from institutions in the U.S. You can go to the US Embassy citizen services section to learn more.

[khang]

Do you by any chance have the nine diget bank routing number?

The 9-digit ABA for Bangkok Bank Public CCO in New York City is 026008691 .....

[ceburat]

BKKBTHBK is the one and only code for every Bangkok Bank branch throughout Thailand.


Your account number will identify at which branch the account is held

I have been advised from my pay office in USA that I must have the 9 diget bank routing code, my account number here, and what type of account I have here, savings or checking. After I provide that information they will stop sending my money to the bank in USA and start sending it to the BKK Branch/Office in New York. Yes, from my account number, New York will know which bank in Thailand I am doing business with.

[Norton]

BKKBTHBK is the one and only code for every Bangkok Bank branch throughout Thailand.

This is the Swift code. I don't believe Bangkok Bank, Thailand uses an ABA code.

I use Swift code to transfer from US.

[Thetyim]

^
Agreed
I think we have both misunderstood the Rat
He wants to send it to Bangkok Bank in USA and not direct to Thailand

[Norton]

I have been advised from my pay office in USA that I must have the 9 diget bank routing code, my account number here, and what type of account I have here, savings or checking. After I provide that information they will stop sending my money to the bank in USA and start sending it to the BKK Branch/Office in New York. Yes, from my account number, New York will know which bank in Thailand I am doing business with.

This assumes you have an account at BKK Bank, NY and have instructed them to transfer to your account in Thailand.

[Norton]

Yes, from my account number, New York will know which bank in Thailand I am doing business with.

Only if you have a Bangkok Bank account in Thailand.

[Thetyim]

From the net
"The ABA routing number for Bangkok Bank PCL (29 Broadway, 20th floor, NY, NY 10006, phone 212 422-8200) is 026008691"

That concurs with Klang's post above

[Humbert]

Yes, from my account number, New York will know which bank in Thailand I am doing business with.

Only if you have a Bangkok Bank account in Thailand.

That's correct. You must open a special direct deposit account here in Thailand after opening a regular savings account.

[ceburat]

Thank you everybody. I now have the number that I need. John

[Spin]

"The ABA routing number for Bangkok Bank PCL (29 Broadway, 20th floor, NY, NY 10006, phone 212 422-8200) is 026008691

The bold number is the important one.

The adress above is whats known as a "Correspondant Bank" it will act as an intermediatery between funds in the usa and you thai bank account.

You will need to supply the originator of your funds in America, with the Thai swift code: BKKBTHBK, followed by the thai located bank account number, also the details show in thetyims quote above.

Instruct them to send in dollars and the funds are converted here on arrival at the TT rate, which is the best option.

[ears]

Anyone know what the charges on such a money transfer is

From Australia, an internet transfer from Westpac Bank(Australia) to most banks in Thailand cost about $30($15 each end), thats before they scoop off some with the exchange rate variation.

An ATM withdrawal in Thailand using a Westpac card is charged $5.00 by Westpac and I am told 150 baht is deducted by the Thai bank. However the exchange rate is quite "honest".

Any more info on how the Thai end of this works would be good.

I have an 18 year old son, who is over there at the moment, and the best we can do is a money transfer service here in Sydney which transfers direct to a thai bank (Krungthai) for a fee of $3 but the exchange rate is about 0.5 baht worse than Westpac.


Mind you at the moment thai baht is not real attractive. In the city (Sydney) buy sell banknotes are 24 vs 34 when the exchange is about 29.5!


ears

[Norton]

My bank in Thailand charges 200 baht. Your looking at $15 from your bank plus 200 baht at receiving bank. All mine comes in $US and is converted to daily bank xchange rate. Sometimes more, sometimes less than the sending bank in the US.

[DrAndy]

The lady here in Korat at the BKK Bank gave me a nine diget number, however, I am not sure if it is the number for New York or her branch here.

so is the number she gave you the same as that quoted above?

[hillbilly]

Here is another option, but not as quick. I have direct deposits made into my US bank account. I then write a check from that US bank and deposit it into my Thailand bank. Does not cost anything and 2-3 weeks later the money is in my Thailand bank.

[SEA Traveler]

Here is another option, but not as quick. I have direct deposits made into my US bank account. I then write a check from that US bank and deposit it into my Thailand bank. Does not cost anything and 2-3 weeks later the money is in my Thailand bank.

no charge? good deal. do you know if they convert at TT rate?

[Shipm8te]

The following is a copy of an e-mail from Bangkok from not so long ago. I use this system and the monies are posted to my Bankgkok Bank (Ban Phai Branch) on the first working day monthly.

With reference to your questions, as a Federal Limited Branch, our New York
Branch has some restriciton in doing retail banking services, including
opening an account for an individual. However, you may request the U.S.
Navy to wire transfer your retirement money through our New York Branch by
giving them our Fed wire routing no. 026008691 and indicate your account
name and account number in Thailand. When fund passes through our New York
Branch we will deduct $5.00 before transferring the balance in U.S. dollar
on the same day of receip to our Bangkok office who will further credit
your account in Thai Baht on the following day at the exchange rate in
Thailand.

Regards,

Sirivan Chuaypradit

[PaddyGreen]

NAB in Oz charge $22 for internatonal transfers
Not all ATMS charge at Thai End
Aeon Bank with a few branches eg Tesco on C Mai ring rd etc are free and normal rates.
Your own bank may of course charge per transaction.
Here are 2 that dont in UK Wesleyan Savings Bank and Nationwide

[glassdude007]

both my banks in USA would not do direct deposit to Thailand.......
They advised sending bank money orders to Thai account via there bank or western union type service with hefftey fee as well..ended up doing direct deposit straight from my paycheck (check comes from Geniva) worked well for me.. usa banks still in the dark ages kinda like the usa insurance Industry....
usa banks use routing numbers and other country's use abn/swift codes that usa banks can't figure out i guess....???
i have been using Kisathorn bank in Thailand was the only bank i could open and account with just a tourist visa and no house/address papers just used a friends address and do all banking via internet works well for me here in Thailand...

[Boon Mee]

I believe Bangkok Bank is the only bank in Thailand that has direct deposit capability from institutions in the U.S. You can go to the US Embassy citizen services section to learn more.

And spend literally hours waiting in line even though you had first obtained an appointment. The citizen services or Counsler section or whatever it's called is two little rooms with a surly staff. Last time I went there (3weeks ago) to get additional pages put in the passport it took two hours to turn the damn thing in and pay $83 USD which was a free service before B. Hussien Obama became POTUS! Horrible place...

Off rant: Just go to the main branch of Bangkok Bank on Silom (after these nasty red shirts have fokked off) and go to the second floor, hang a right and ask for the International Banking section where you'll find a nice, helpful English-speaking person who will get the DD thing squared-away no problemo.

[Humbert]

I believe Bangkok Bank is the only bank in Thailand that has direct deposit capability from institutions in the U.S. You can go to the US Embassy citizen services section to learn more.

And spend literally hours waiting in line even though you had first obtained an appointment. The citizen services or Counsler section or whatever it's called is two little rooms with a surly staff. Last time I went there (3weeks ago) to get additional pages put in the passport it took two hours to turn the damn thing in and pay $83 USD which was a free service before B. Hussien Obama became POTUS! Horrible place...

Off rant: Just go to the main branch of Bangkok Bank on Silom (after these nasty red shirts have fokked off) and go to the second floor, hang a right and ask for the International Banking section where you'll find a nice, helpful English-speaking person who will get the DD thing squared-away no problemo.

You're right. Its not a fun experience but go early and you won't have big wait. Bangkok Bank is the only banking institution in Thailand that has direct deposit services from the US Social Security Administration. I am not sure about military. You can also call the embassy with questions and the website is quite helpful.