Kiatnakin Bank Public Company Limited SWIFT/BIC code

KIFITHB1 – the SWIFT/BIC code of Kiatnakin Bank Public Company Limited

The 8-character code KIFITHB1 and the full code KIFITHB1XXX identify one and the same institution: Kiatnakin Bank Public Company Limited. A BIC has a single purpose: it makes sure that an international payment ends up at the right bank. It comes up mostly for transfers between countries.

Further down we go through the practical side: receiving money at Kiatnakin Bank Public Company Limited, sending money abroad and how to verify a SWIFT code before you hit send. The SWIFT code on its own does not identify a personal account; that is what the account number or IBAN is for.

Is KIFITHB1 still correct? How to check

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. Check that code with KIFITHB1 here; if they differ, ask before you pay.

Errors in the BIC are annoying rather than fatal. A mistake in the IBAN or account number is more serious because it can reach the wrong person; check it just as carefully.

An automatic check in your banking app merely tells you that the IBAN is valid, not that it is the right account. More and more banks check the name against the account; take any warning seriously. A small test payment is worth it for a large first payment despite the extra fee.

Which of the 2 codes of Kiatnakin Bank Public Company Limited do you need?

Having 2 codes, Kiatnakin Bank Public Company Limited belongs to the banks that use separate codes for parts of the organisation and departments. The main code is KIFITHB1XXX.

Unless the recipient tells you otherwise, go with KIFITHB1XXX. If you have been given a specific code, use it as it is instead of replacing it with the head office code.

When in doubt, check with the recipient which code their bank gave them. Branch codes are more likely to be retired than KIFITHB1XXX when a bank merges or closes offices.

What the XXX in KIFITHB1XXX means

A SWIFT code is made up of fixed blocks: the first four letters stand for the bank, characters five and six give the country and characters seven and eight mark the location. For Kiatnakin Bank Public Company Limited, that core is KIFITHB1.

The 11-character version adds a three-character extension that identify a branch or department. If the last three are XXX, they simply mean the head office.

As a rule the code is typed in capitals. Look out for the letter O and the digit 0 or I versus 1, a common source of typos.

Thai Baht (THB) and conversion costs

Most accounts at Kiatnakin Bank Public Company Limited are usually held in THB, the national currency. A payment in a foreign currency is exchanged into THB before it reaches the account. There is rarely a separate line for the conversion; it is built into the rate.

Who converts the money matters, because each party uses its own rate. Sending the money already in THB usually prevents an extra conversion by Kiatnakin Bank Public Company Limited – as long as your own rate is good.

Rates for THB move all the time. If you pay regularly, small differences in the rate add up over a year.

What to give a sender who pays you at Kiatnakin Bank Public Company Limited

When you are waiting for money from abroad, give the sender a complete set of details. In practice that means: your name as registered with Kiatnakin Bank Public Company Limited, your IBAN or account number, the SWIFT/BIC code KIFITHB1XXX (or KIFITHB1) and usually your postal address.

The sender’s bank might request the bank address of Kiatnakin Bank Public Company Limited; the head office in Bangkok is usually fine. A mistake in your account number can be more trouble than you might think.

An incoming payment does not always arrive in full. Charges on incoming payments vary per bank – the price list of Kiatnakin Bank Public Company Limited tells you what applies. For business payments, you can agree who bears the costs, so that nobody is left short.

Scams that use SWIFT codes

A common scam works like this: you receive a request saying that a company has new bank details and that the next payment should go there. The fact that KIFITHB1 exists does not mean that the account is legitimate.

Do not rely on a phone number in the same message that contains the new account. Pressure and secrecy are red flags. Acted too fast? Contact the bank you paid from straight away and have them try to recall the payment; also report it to the police.

Fraud also work the other way. Someone claims to have sent more than agreed and wants you to return the extra to a new account. A payment confirmation from the sender proves nothing.

What a transfer from Kiatnakin Bank Public Company Limited abroad really costs

The price of a payment abroad is made up of more than one component, and the transfer fee is only the most visible one. There is the transfer fee, sometimes fees charged by intermediary banks along the way and, above all, the exchange rate markup when the money is converted.

That exchange rate margin tends to be the largest cost even though it is not listed as a fee. Check their rate against the mid-market rate; the gap is what conversion costs you.

Money transfer services frequently offer rates closer to the mid-market rate with clearer fees. GoldexPay compares the amount that arrives across providers, which makes the cheapest option easy to spot. You can always use your account at Kiatnakin Bank Public Company Limited as the source of the money.

A note on our data

The directory on GoldexPay is compiled from publicly available sources. Institutions reorganise, close branches and retire codes, and a directory never catches every change immediately. Counts and locations come from our directory and may differ from what Kiatnakin Bank Public Company Limited publishes.

For a payment that matters, always confirm the code with Kiatnakin Bank Public Company Limited or the recipient. GoldexPay has no connection to Kiatnakin Bank Public Company Limited; we are a comparison site for money transfers. Found outdated information? Tell us through the contact page.

How long does an international transfer to Kiatnakin Bank Public Company Limited take?

An international transfer typically needs anywhere from one to several business days, depending on the currency, the route and the banks involved. Weekends and public holidays in the sending or receiving country can add extra days to the journey. Sometimes a bank wants to know about the purpose of a payment before releasing it.

If the money seems late, ask your bank for the status; with that reference banks can see where the payment is. Specialist transfer services usually show tracking in their app so you can see how far the payment is.

A delayed transfer has to be investigated from the sending side, using the payment confirmation. Request from the sender a copy of the payment confirmation.