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Thailand

Type Description
Direct to Bank Method Direct credit to bank account in Thai Baht (THB)

Supported sender type - Individual and Corporate.

Supported beneficiary type – Individual and Corporate
Transaction Turnaround Time T+1 Thailand Banking day for transaction processed 5.00pm (Mon-Fri) GMT +7

T+2 Thailand Banking day for transaction processed after 5.00pm (Mon- Fri) GMT +7

Transaction final status received T+1 or T+2 Thailand Banking day (subject to bank systems). For e.g. a transaction is processed at 11am GMT +7 on Day 1, and transactions is credited on next day (Day 2). However, Millenning’s system will only transmit the final status on the following business day(s) (Day 2 or 3)

Transaction sent on Saturday or Sunday or Public Holidays will be processed on the next banking day

Subjected to Singapore office timing and funds being received
Area availability Thailand nationwide
Account received Beneficiary received amount rounded to the nearest THB 1
Transaction Limit Maximum per transaction THB 49,999.00

Minimum per transaction THB 10.00

Compliance accumulated limit THB 500,000.00 per day per beneficiary

Transaction will be on hold for compliance review based on the supporting document should the sender or receiver has exceeded the compliance limit
Cancellation Process Cancellation is on best effort basis
Remarks Sender name must be in Roman Character only