Maestro Posted August 14, 2020 Share Posted August 14, 2020 I came across this information today on the website of Credit Suisse, a bank in Switzerland: Quote All payments to Thailand must include a code to indicate the payment purpose. The code must reflect the actual reason for payment. The payment purpose must also be listed in English. If the code is missing or incorrectly selected (entered code does not match the reason for payment), additional delays and/or rejections may occur. In all cases, additional costs may be incurred. For payment orders in the equivalent of THB 5 million (Thai baht) or above, additional documents may be required. These are generally documents explaining the background of the transaction, such as an invoice that the payee sent to the payer. There may be inquiries from the beneficiary bank. In these cases, Credit Suisse will notify you. Source, with list of codes: https://www.credit-suisse.com/media/assets/private-banking/docs/ch/unternehmen/unternehmen-unternehmer/zahlungen-thailand-en.pdf Another Swiss bank, Banca Migros, has this list of purpose codes of Siam Commercial Bank) SCB on its website https://www.migrosbank.ch/dam/jcr:f877254a-e85e-47ac-8a44-1710700f03a7/downloads/de/infoblatt/zahlen/verwendungscodes-thailand.pdf Link to comment Share on other sites More sharing options...
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