Thailand purpose of payment guide
Sending a wire to Thailand requires you to provide certain information, including the recipient's bank details and the purpose of payment code. The purpose of payment code is a six-digit code that indicates the reason for the wire transfer, such as trade in goods or services, investment, or personal remittance.
When choosing a purpose of payment code, make sure that it is accurate and appropriate for the transaction. Incorrect or inappropriate codes could result in delays or even rejection.
Purpose of payment code
Purpose codes are used to indicate the nature of the transaction being conducted and should be included in the payment details when initiating a wire transfer to or from Thailand. The purpose code should be selected based on the nature of the transaction and should be consistent with the supporting documentation, such as invoices or contracts.
Code | Description |
|---|---|
Transactions of non-banks | |
318215 | Authorized securities companies |
Other service fees of private entities | |
318029 | Financial service fees and commissions |
Returns from investment and lending of private entities abroad | |
318042 | Returns from investment and lending of private entities - Profits |
318043 | Returns from investment and lending of private entities - Dividends |
318045 | Returns from investment and lending of private entities - Other interest |
318046 | Returns from investment and lending of public entities abroad |
Investments in affiliated businesses/branches | |
318062 | Foreign direct investments |
318065 | Thai direct investments |
318068 | Real estate investments from abroad |
318072 | Investments in real estate abroad |
Investments in securities | |
318076 | Foreign portfolio investments |
Thai portfolio investments in foreign markets | |
318213 | Thai residents' investments in foreign securities abroad |
318216 | Thai residents' investments in Thai securities abroad |
318171 | Thai portfolio investment in foreign debt securities issued in domestic market (SNA) |
Borrowings | |
318083 | Foreign loans |
318086 | Foreign debt instruments |
Other funds abroad | |
318212 | Gains and losses from derivative transactions |
Payments for goods | |
318233 | Payments for gold |
Depositing foreign currency with financial institutions abroad | |
318224 | For investment in securities |
318225 | For other purposes |
Transferring Thai baht to other non-resident baht account | |
318160 | Transfer Thai baht to other nonresident baht account for swap transaction |
318161 | Transfer Thai baht to other nonresident baht account for other derivative transaction |
318162 | Transfer Thai baht to other non-resident baht account for purchase of equity securities |
318163 | Transfer Thai baht to other non-resident baht account for purchase of debt securities |