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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 |
Compliance Limit - THB 50,000
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 |