Thanachart Bank Public Company Limited SWIFT/BIC code

Thanachart Bank Public Company Limited SWIFT code: EFSPTHB1

Whether you are given EFSPTHB1 or EFSPTHB1XXX, it is the same identifier for Thanachart Bank Public Company Limited in Thailand. Every bank on the SWIFT network uses these codes to route international transfers to the correct bank. In daily life you mostly come across it on invoices from abroad, in payment forms and in the bank details that Thanachart Bank Public Company Limited provides.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to verify a SWIFT code before you hit send. Keep in mind that the SWIFT code just identifies the bank, not the person: the account number or IBAN does that part.

Thanachart Bank Public Company Limited: head office code versus branch codes

Thanachart Bank Public Company Limited has 2 different SWIFT/BIC codes. One of them is the head office code, EFSPTHB1XXX; the rest identify branches.

Usually there is no need to pick a branch: transfers sent to EFSPTHB1XXX reach Thanachart Bank Public Company Limited correctly. Branch codes are only needed if the account holder specifically mentions it, which is more common for business accounts and trade services.

Not sure which code to use? Ask the recipient, or look at a recent statement from Thanachart Bank Public Company Limited. Branch codes can change over time.

Transfer times and tracking a payment to Thanachart Bank Public Company Limited

How quickly a transfer reaches Thanachart Bank Public Company Limited is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Payments made late in the day or on weekends and holidays often start a business day later. Compliance checks by one of the banks can also cause some delay, regardless of the details.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Keep the payment confirmation.

A missing payment is traced by the sending bank on the basis of the transfer details. On the receiving end, you can look at your statements for a partial amount, since fees may have been deducted.

Thai Baht (THB) and conversion costs

Accounts at Thanachart Bank Public Company Limited are typically held in THB, the local currency of Thailand. A payment in a foreign currency will be exchanged into THB before it reaches the account – and the bank that does it picks the rate. Each conversion costs the amount.

Where the conversion happens affects how much arrives. Often you pay less to send THB directly via a transfer service that converts near the mid-market rate rather than letting the receiving bank convert.

The rate for THB fluctuates throughout the day and quotes are often valid only for a short time. On larger amounts, even seemingly small gap in the rate adds up quickly.

International transfers from Thanachart Bank Public Company Limited: the real cost

The price of a payment abroad is made up of several parts, and the transfer fee is only the most visible one. On top of a fixed fee, correspondent or intermediary banks may deduct a fee, and when the money changes currency the bank often applies a rate that is less favourable than the actual market rate.

Many banks do not show the margin on the rate separately – you only notice it if you compare. Check the rate you are offered with the mid-market rate; the gap is what conversion costs you.

For many routes, a specialist provider turns out to be cheaper than a bank – mostly thanks to the rate. Before your next transfer, it is worth comparing the total cost via GoldexPay. Choosing a specialist does not mean closing your account at Thanachart Bank Public Company Limited: you simply pay the service from your account.

Why Thanachart Bank Public Company Limited has an 8- and an 11-character code

Each SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and a two-character location code. Together, these eight characters make up EFSPTHB1, the code most people search for.

Most payment forms work with either length. If yours requires eleven characters, enter EFSPTHB1XXX, otherwise EFSPTHB1 is fine.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Pasting the code beats retyping it, because one wrong letter changes the bank.

How to check EFSPTHB1 before you pay

The safest source for the BIC is the recipient’s own bank details: an invoice, a bank statement or their online banking. If the code you have does not match EFSPTHB1 or EFSPTHB1XXX, do not guess: check with the recipient or with Thanachart Bank Public Company Limited directly.

An incorrect BIC may lead to delays, a payment being sent back or extra fees along the way. An error in the account number can be more serious, because the money may be credited to someone else; check it just as carefully.

An automatic check in your banking app only tells you that the code is valid, not that it is the right account. If your bank offers it, a payee name check on the recipient gives an extra layer of safety. When you pay someone new, many people send a small test amount.

Protect yourself against fake payment requests

Be alert if someone unexpectedly asks you to send money to another account. The fact that EFSPTHB1 exists is no guarantee that the account is legitimate – fraudsters use real bank codes as well.

Before paying, confirm a change of bank details by phone. Watch out for urgent requests, unusual wording or an email address that differs by one letter. Acted too fast? Contact your bank without delay and have them start a recall and report the fraud.

Fraud also target the receiver. Someone claims to have sent too much and wants you to return the difference. A screenshot of a transfer is no proof – check your own account.

A note on our data

The details here come from public sources which we refresh regularly. Even so, banks merge, rename themselves or retire codes and our data may lag behind. Figures such as the number of codes come from our directory and are not confirmed by Thanachart Bank Public Company Limited.

For a payment of any size, always check the BIC with Thanachart Bank Public Company Limited or with the recipient. GoldexPay is a comparison site for money transfers and not affiliated with Thanachart Bank Public Company Limited. If you notice something that is out of date, we welcome a message via the contact page.

Receiving money from abroad at Thanachart Bank Public Company Limited

If you are waiting for a payment from another country, send the payer a complete set of details. In practice that means: your name exactly as it appears on the account, your account number or IBAN, the BIC EFSPTHB1XXX and, often, your postal address.

Certain sending banks want the address of Thanachart Bank Public Company Limited. A mistake in the IBAN is more trouble than you might think.

An incoming payment will not always land for the full amount. Charges on incoming payments vary per bank. Agree with the sender who covers the fees.