Global Inward Transfer via SWIFT and CIPS
Supporting CNY Transfers to China and Worldwide

Receive funds in multiple currencies through global payment networks, with an additional option to send CNY via the CIPS network. NEW!

Receive CNY Transfers via CIPS

China’s payment network for seamless cross-border CNY transactions.

Instant notification of any inward remittance

Via email within 1 hour after fund received.

Receive money from anywhere in the world

Even through no KBank branch in the country.

Secure and Reliable Transfers

Receive money into KBank account via world-class standard operating system.

How Is CIPS Different from SWIFT for International Transfers?

SWIFT CIPS
Best For General international transfers Chinese Yuan (CNY/RMB) transfers
Supported Currency Multiple global currencies CNY/RMB
Destination Coverage Over 150 countries worldwide China and participating CIPS institutions CIPS
Transfer Network Global SWIFT network Dedicated CIPS network for CNY payments
Messaging Standard ISO 20022 ISO 20022

Service Details

How to Apply

  • Specify the SWIFT code: KASITHBK
  • Provide your name and account number to the overseas transferring party, or fill in complete details in the Global Inward Form and submit it to the transferring party

Note :

  • If the inbound money is US$50,000 and above or the equivalent in another currency, the transferee must submit supporting documents, depending on the purpose of the transfer, at a K-Bank branch or international trade service center nationwide
  • The bank may request additional documents from the transferee, whereby the transferee is allowed 10 working days to submit such documents at a K-Bank branch or trade service center. Otherwise, the bank reserves the right to stop the remittance into the transferee's bank account, and the funds will be remitted back to the overseas origin bank

Qualifications

  • Have a savings account in Thai baht or foreign currency

Required Documents

Frequently Asked Questions (FAQ)

  • From which countries can money be transferred? Funds can be transferred from?

    All countries that remit money via SWIFT.

  • In case of war or political disturbance, can money still be transferred?

    That depends on the status of the transferring bank in the origin country.

  • What is the SWIFT code?

    SWIFT is a code that banks and financial institutions worldwide use to transmit messages between each other, such as international fund transfers; the protocol is serviced by the Society for Worldwide Interbank Financial Telecommunication. The SWIFT code is 8-11 characters long and comprises alphanumeric characters, e.g., KASITHBKXXX, which can be defined as follows:

    • Characters 1-4: Bank code, e.g., KASI = Kasikornbank
    • Characters 5-6: Country code, e.g., TH = Thailand
    • Characters 7-8: City code, e.g. BK = Bangkok
    • Last 3 digits: Bank branch code, where XXX is used to indicate headquarters

  • What is CIPS?

    CIPS (Cross-border Interbank Payment System) is China's cross-border payment and settlement network for Chinese Yuan (CNY/RMB) transactions. It is authorized and supervised by the People's Bank of China (PBOC) and is designed specifically to support international CNY payments and settlements.

    CIPS is ideal for:

    • Businesses making payments to suppliers in China
    • Exporters/Companies receiving payments from customers in China
    • Businesses that regularly conduct transactions in Chinese Yuan (CNY/RMB)

    Key Benefits

    • Dedicated CNY payment network specifically designed for cross-border CNY/RMB transactions
    • Enhanced transaction efficiency for businesses managing frequent international payments
    • Supports global business operations by facilitating secure and standardized cross-border CNY transfers
    • Internationally recognized payment standards through ISO 20022 messaging and settlement capabilities