Transferring US Dollars Into Personal Thai Bank Account

[Siamesepiggster]

Hi,

 

If an overseas company transfers US dollars into my personal Bangkok Bank account, will Bangkok Bank automatically convert them into Thai Baht into my account or will the transfer be rejected?

 

I am unable to ask the company to send the payment in Thai Baht.

 

Thanks.

[4675636b596f75]

Is this a serious question?

[mahjongguy]

If it is a Thai baht account then foreign currency will be converted upon deposit. This is a good thing.

[55Jay]

If your personal Thai bank account is in Thai Baht, then yes, the deposit will reflect as Thai Baht. 

[Peterw42]

You are usually better off having the Thai bank do the exchange into baht than the sending bank. You could always open a $US account at a Thai bank and not do any exchange 

[gamb00ler]

1 hour ago, 4675636b596f75 said:

Is this a serious question?

Most of us at some time will ask what to others seems to be a dumb question.  I certainly have and am glad my question elicited only a polite chuckle.

[Naam]

2 hours ago, gamb00ler said:

Most of us at some time will ask what to others seems to be a dumb question.  I certainly have and am glad my question elicited only a polite chuckle.

today is my polite day.

[Pib]

It will automatically be converted to baht by Bangkok Bank using their TT Buying Rate which is used for incoming international transfers.  Additionally a receiving fee of 0.25% (Bt200 min, Bt500 max) will be applied.    This will apply whether it a SWIFT/Wire transfer or ACH transfer.

 

And if the company is doing an ACH transfer using the Bangkok Bank New York ABA routing number plus your in-Thailand acct number then Bangkok Bank NY will slice-off a fee usually in the $5 to $10 ballpark as it flows through them on to Thailand.

Edited September 24, 2019 by Pib