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


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