Bank For Agriculture and Agricultural Cooperatives SWIFT/BIC code

SWIFT/BIC code of Bank For Agriculture and Agricultural Cooperatives

ALCBTHB1 and ALCBTHB1XXX are two spellings of the same bank identifier, and both point to Bank For Agriculture and Agricultural Cooperatives in Bangkok. Every bank on the SWIFT network uses BIC codes to direct payments between countries to the right bank. It comes up mostly when dealing with payments that cross a border and payments in foreign currencies.

Further down you will find the practical side: receiving money at Bank For Agriculture and Agricultural Cooperatives, sending money abroad and how to verify a SWIFT code before you confirm a payment. The SWIFT code on its own cannot identify an individual account holder; for that you need the account number or IBAN .

8 or 11 characters: ALCBTHB1 versus ALCBTHB1XXX

Every SWIFT/BIC code starts with an 8-character core: four letters for the bank, two letters for the country and a two-character location code. That gives you ALCBTHB1 for Bank For Agriculture and Agricultural Cooperatives.

Most payment forms work with either length. If yours requires eleven characters, enter ALCBTHB1XXX, otherwise ALCBTHB1 is fine.

Do not add spaces, dots when you enter ALCBTHB1; the code is always written in one block. A single letter may route the money to a different institution, so check it twice.

Bank For Agriculture and Agricultural Cooperatives: head office code versus branch codes

With 2 codes in 1 locations, Bank For Agriculture and Agricultural Cooperatives belongs to the banks that use separate codes for parts of the organisation and departments. The main code remains ALCBTHB1XXX.

For most payments to a private or business account, the head office code ALCBTHB1XXX is the right choice. If you have been given a branch code, use it as it is instead of swapping it with the head office code.

Unsure which code to use? Ask the recipient. Branch codes are more prone to be retired than the head office code when a bank merges or closes offices.

How to check ALCBTHB1 before you pay

The safest source for the BIC is the bank details provided by the recipient. When the code you were given differs from ALCBTHB1 or ALCBTHB1XXX, do not guess – contact the recipient or Bank For Agriculture and Agricultural Cooperatives.

Errors in the SWIFT code tend to be annoying more than fatal. An error in the IBAN or account number can be a bigger problem, because the money may be credited to someone else.

Many banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. Some banks now check the name with the account before you confirm – do not ignore a mismatch warning. A small test payment is worth it for a large first payment.

Getting paid from abroad into a Bank For Agriculture and Agricultural Cooperatives account

If you expect money from abroad, give the sender a complete set of details. In practice that means: your full name as registered with Bank For Agriculture and Agricultural Cooperatives, your IBAN or account number, the BIC ALCBTHB1XXX and usually your postal address.

It helps to add Bank For Agriculture and Agricultural Cooperatives and its city as well, since some forms ask for it. A mistake in your account number can be harder to fix than it looks.

What lands in your account can be less than what was sent. Fees for incoming transfers differ from bank to bank; check the price list of Bank For Agriculture and Agricultural Cooperatives. Agree with the sender who covers the fees before the money is sent.

Thai Baht (THB) and conversion costs

The currency of Thailand is the Thai Baht (THB). A payment in a foreign currency is converted into THB, and whoever converts it chooses the rate. Every conversion eats into the amount – usually through the rate rather than a fee.

Who converts the money matters. Compare how much THB arrives via different services before choosing one.

Rates for THB change during the day. With bigger transfers, a seemingly small gap in the rate can be worth more than the fee.

Sending money abroad from Bank For Agriculture and Agricultural Cooperatives

The price of an international transfer has several parts, and the transfer fee is only the most visible one. On top of the transfer fee, correspondent or intermediary banks can take a cut, and when currencies are converted, the bank usually applies a rate below the real market rate.

Banks rarely list the margin on the rate separately, but you pay it all the same. An easy check: put the rate you get next to the mid-market rate and work out the difference on your amount.

Specialist money transfer services often use rates closer to the mid-market rate and lower fees. GoldexPay compares what recipients receive with different services, so you can pick the cheapest route. Choosing a specialist does not mean leaving Bank For Agriculture and Agricultural Cooperatives: you simply pay the service from your account.

Changed bank details? Be careful

A common scam works like this: you receive a message claiming that a company has new bank details. That ALCBTHB1 is a real code does not mean that a request mentioning it is legitimate – fraudsters use real bank codes as well.

Before paying, verify a change of bank details by phone. Be suspicious of urgent requests, unusual wording or a sender address that is slightly off. If a payment has already gone to the wrong account, call your bank right away.

Fraud also work the other way. Someone claims to have sent more than agreed and wants you to return the difference via a different route. Wait until the money has really arrived.

A note on our data

This directory draws on public sources and is updated regularly. Institutions reorganise, close branches and retire codes – a directory can be a step behind. The figures we show reflect what is in our directory.

Treat the information here as a handy check and rely on the recipient or Bank For Agriculture and Agricultural Cooperatives for the final confirmation. GoldexPay is a comparison site and not part of Bank For Agriculture and Agricultural Cooperatives. Should you notice something that is out of date, we appreciate a short note via the contact page.

Tracking a transfer to or from Bank For Agriculture and Agricultural Cooperatives

There is no single answer: some arrive the same day or the next while others need several business days. Weekends and public holidays in either country can add extra days, since banks do not process on those days. Compliance checks by one of the banks may also cause a delay, regardless of the details.

If a transfer is late, ask your bank about the status so they can trace it along the chain. Keep the payment confirmation until the recipient confirms; it contains the details a bank needs to start a trace.

A delayed transfer is traced from the sending side. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.