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PromptPay for Business
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Convenient and Safe!
With PromptPay for Business
A new option for business with KBank corporate accounts. Simplifying your electronic payment – in and out!
Receive payment easily!
- Display all revenues, full account management!
- Expedite tax refunds and other government payments!
- Easy! You can change accounts without informing your customers!
Make payment conveniently!
- Save! With reduced fee for funds transfers across different clearing areas or to other banks.
- Convenient! No need to keep trading partners’ account numbers
Details
| Required Documents |
|---|
- Signed copy of Certificate of Registration (issued not more than three months prior to submission)
- Signed copies of national ID cards or passports of authorized signatories
- Tax ID card (if any)
- Download application form
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| How to Apply |
|---|
- Fill out application form (signed by authorized signatory).
- Submit application form and required documents to your RM or at any KBank branch.
- SMS and Email confirmation will be sent to you within seven business days.
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| Eligibility |
|---|
- The deposit account linked to your Tax ID must be an active savings or current account with the applicant as sole account holder, unless otherwise designated by the Bank.
- One Tax ID may be linked to only one deposit account at a time; the tax ID-account link may be cancelled per methods and conditions established by KBank. One deposit account may be linked to only one Tax ID, or per criteria which may be changed by KBank in the future.
- The given tax ID must be verifiable with the Revenue Department, Department of Business Development, Ministry of Commerce, or other government agency responsible for tax IDs.
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FAQ
What is PromptPay for Business ?
PromptPay for Busines is a new option giving our corporate customers greater convenience in receiving and making electronic payments. The system uses 13-digit tax IDs instead of account numbers.
What are the advantages of using PromptPay for Business ?
Receiving Payments
Simplify management: Accept payment from any trading partner through any bank into one KBank account.
Cost-saving: No fees for receiving payments and reduced fees for making payments. No more fees for transfers across different clearing areas or to other banks!
Convenience: Receive payments from government agencies through your registered PromptPay account.
Making Payments
Cost-saving: Lower fees with no fee for funds transfers across different clearing areas or to other banks.
Convenience: No recipient’s account number required. You no longer need to keep a record of your trading partners’ account numbers.
How soon can I use the service after applying ?
Within seven business days. You will receive confirmation via Email.
Where can businesses register for the service ?
You may register with your RM or through any KBank branch
Is there an application fee for the service ?
No, there is no fee for applying.
What fees are charged for making funds transfer via PromptPay for Business ?
The fees are the same whether you transfer funds across different clearing areas or to other banks.
Transfers of 0-100,000 Baht: 10 Baht/transaction
Transfers of more than 100,000 Baht: 15 Baht/transaction
