How do bank deposits work? (Thailand)

With a bank deposit, you can send money to the bank account of your recipient. Currently, bank deposits are available in Thailand and Turkey.

To send money with a bank deposit, set up your transfer and choose "Bank Deposit" as the delivery method. Add your recipient's account number and SWIFT code. Bank deposits cannot be cancelled so make sure you have the right account number and SWIFT code. For more information on SWIFT code, check What is a SWIFT code?

Bank deposits are sent in Thai baht (THB).

Bank deposits depend on banking hours in the country the recipient country. For Thailand, this is usually Monday to Friday 9:00 to 17:00 local time (GMT+7). In most cases, your money will arrive within 24 hours. If you send money during the weekend, on a bank holiday, or close to closing time, then your money will only be available the next business day.