SWIFT transfer to Thailand

If you are a citizen of the Russian Federation, then you can’t just transfer from your Russian account to Thai. You must prepare in advance and inform the tax office within a month that you have a foreign bank account and continue to provide reports on the availability of funds in such an account.

It is possible to make a SWIFT transfer also to a citizen of the Russian Federation, who is located in Thailand. In this case, there are limits, for example, $ 10,000 per day for transfers to relatives and half as much for other cases. For such a transfer, we advise you to indicate in the appropriate field for the purpose of payment that it is a “gift”. In this case, there is no restriction, but any documents that can justify such a transfer are necessary.

A few words about the commission. Banks of the Russian Federation charge a commission of 0.2-1% of the transfer amount, but not less than $ 15. It is possible to reduce the commission if you make a transfer through online banking. What exactly will be the interest in this case from your bank - it is worth clarifying. Do not forget that the banks of Thailand can also take their commission for receiving a transfer, which usually ranges from 0.25% (at least 200 baht). We recommend spending a little time and comparing the conditions for commission deductions and choosing for yourself the most profitable banks for making transfers.

You can learn about other options for money transfers to Thailand in the continuation of the article on our website (link in the profile header)