Wire transfer from USA to Thailand (Siam Commercial Bank)

[Chriso12]

I have a broker account in the USA from which I would like to send money to Siam Commercial Bank. I have send money from my european account to SCB - never a problem. Now I know that with American Banks you sometimes have to write a receiving bank and a beneficary bank name. So, does anyone know whether I can just directly wire my funds to SCB from America or do I need to state a correspondent bank as well? My broker told me that I need to ask Siam Commercial Bank...and Siam Commercial Bank told me to ask my American Bank...

[tingtong]

used to wire with no corresponding bank...(if ever there is any, they should sort that out somewhere on the way).

never had a problem.

[RandomSand]

Is your US bank a Primary Dealer with the US Federal Reserve?

List of Primary Dealers;

Bank of Nova Scotia, New York Agency
BMO Capital Markets Corp.
BNP Paribas Securities Corp.
Barclays Capital Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Credit Suisse Securities (USA) LLC
Daiwa Capital Markets America Inc.
Deutsche Bank Securities Inc.
Goldman, Sachs & Co.
HSBC Securities (USA) Inc.
Jefferies LLC
J.P. Morgan Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Securities USA Inc.
Morgan Stanley & Co. LLC
Nomura Securities International, Inc.
RBC Capital Markets, LLC
RBS Securities Inc.
SG Americas Securities, LLC
UBS Securities LLC.

Edited February 19, 2014 by RandomSand

[Chriso12]

Thanks a lot for the replies. I am with a broker called "Choicetrade", so I am not with a Primary Dealer. I will send a small amount and see how it works out

Edited February 19, 2014 by Chriso12

[Langsuan Man]

Here is a copy of the relevant part of a wire request that I fill out for my credit union in the US to transfer funds into my SCB account here in Thailand

[happynthailand]

wire money from my credit union account in the states all the time to SCB never had to fill out such a form

or was never asked to

[Chriso12]

Thanks a lot for that information! I will put CITIBANK as the correspondent bank then - just to be safe!

[Thailand J]

Is there a way we can find out how much a bank charges to act as intermediary bank?

For years I thought I was paying HSBC $25 but I have just found out it's free.

[Pib]

wire money from my credit union account in the states all the time to SCB never had to fill out such a form

or was never asked to

Most banks/credit unions don't make you go digging for possible details such as a correspondent/intermediary bank needed to completed the transfer..they'll find out themselves. But it seems other banks/credit unions/companies are not as customer supportive like the OP seems to be experiencing.

[Langsuan Man]

I posted what my US credit union wanted so the OP would know all the information that made numerous SWIFT transactions go smoothly. It is easier to give too much information than to not give enough

Sent from my Nexus 4 using Thaivisa Connect Thailand mobile app

[Chriso12]

Money just arrived...big thanks to Langsuan for forwarding the info to me!