This service provides the high value funds transfer to the designated account with other commercial banks in Thailand on the same day and is available from all our branches in Thailand.
Steps for using BAHTNET
1.Contact our Business Centres
2.Fill in the BAHTNET Application Form
3.Submit the BAHTNET Application Form together with the funds and pay the fees, duties and other expenses.
4.Receive the copy of BAHTNET Application Form and Payment Advice
Conditions for using BAHTNET
1.Beneficiary has to have the deposit account with other banks in Thailand
2.The transferred funds would be submitted in cash or by deducting from your deposit account with our bank indicated in the BAHTNET Application Form.
· To submit the transferred fund in cash, you may transfer any amount if you have a deposit account with our bank.
· If you have no deposit account with our bank, you may transfer the amount not exceeding 500,000 baht
3.To transfer funds on behalf of another deposit account holder, the application must be made from the account holder’s home branch.
4.To submit the transferred fund in cash from 2 million baht or above or by deducting from deposit account from 5 million baht or above, AML Form shall be required.
5.The status of the BAHTNET fund transfer may be requested from the transfer originated branch.
BAHTNET fund transfer is available from branch opening hour until 13.00 hour. The beneficiary shall receive the funds on the same day.
The processing time for the fund transfer as a transferring bank and a receiving bank is as follows:
The processing time for transferring funds/ receiving funds by BAHTNET for bank’s customers
1. The processing time for transferring funds starts from the time that the bank receive the application and the account balance is available for transferring until the time that the bank transfer the funds to the receiving bank completely:-
1.1 The fund transfer instruction informed at least on day in advance (all instructions) and the fund transfer instruction with the transferred amount not exceeding 10 million baht which is not necessary to be informed in advance, the processing time is not more than 90 minutes.
1.2 The fund transfer instruction with the transferred amount exceeding the amount indicating in 1.1 but below 500 million baht without informing one day in advance, the processing time is not more than 120 minutes.
1.3 The fund transfer instruction with the transferred amount from 500 million baht or above, the processing time is not more than 150 minutes.
2. The processing time for receiving funds starts from the time that the bank receives the funds from the transferring bank until the time that the bank credits the funds to the beneficiary account, the processing time is not more than 60 minutes.
In case the bank cannot transfer the funds as instructed by the transferor within the indicated time i.e. unclear funds transfer instruction, insufficient account balance, the funds transfer instruction indicates the invalid account name or account number of the transferor or beneficiary, the malfunction of host computer, the malfunction of workstation, the malfunction of network, or others, the bank shall notify the transferor immediately when acknowledges the problem.
Bahtnet Fund Transfer Application Form