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

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

Send CNY Transfers via CIPS

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

Transfer to 150+ countries 1,500 banks 25,000 branches worldwide

Bank will transfer funds to foreign account when the debiting of sender account is completed.

Same-Day International Transfers

Make fast and seamless international payments through K CONNECT INTERTRADE.

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

  • Fill in the complete details in the Global Outward Application Form for the customer's benefit to ensure an easy, correct, fast, and on-time overseas fund transfer
  • Prepare supporting documents depending on the purpose of the transfer according to the criteria set by Bank of Thailand
  • Submit the Outward application form and supporting documents at K-Bank branch or any international trade service centers nationwide
  • Receive a record of the fund transfer

Conditions

  • The conversion of Thai baht to a foreign currency will use either the spot rate or the forward rate, as agreed with the bank in each case
  • The transferring party may request modification or cancellation of the money transfer order if the information is found to be faulty; the transferring party is responsible for paying any communication fees or other fees (if applicable)
  • Money transfers that require permission from the Bank of Thailand must secure such permission before a transfer can proceed
  • The bank reserves the right not to provide this service to transferees listed in the prohibition list (OFAC List) or who are otherwise prohibited people identified as representatives of sanctioned countries

Fees

  • Charge SHA/SHAR: The sender is responsible for only KBank’s outward funds transfer charge. Foreign bank charge incurred will be deducted from the transferred amount. The recipient will therefore not receive the funds in full.
  • Charge OUR/DEBT: The sender is responsible for both KBank’s outward funds transfer charge and foreign bank charge incurred. There may be a partial deduction (if any) from the funds received by the recipient to cover any charge assessed by the foreign bank.
  • Charge BEN/CRED: The recipient (beneficiary) is responsible for both KBank’s outward funds transfer charge and foreign bank charge incurred. The charges will be deducted from the transferred amount. The recipient will therefore not receive the funds in full.

Announcement Fees For International Trade Products

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Global Outward Handbook

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How to apply

Qualifications

  • Have a savings account in Thai baht or foreign currency

Required Documents

Frequently Asked Questions (FAQ)

  • If the transfer has been made but the transferee has not yet received the money and wants to cancel the transaction, who must be contacted?

    Contact the channel where the transferring party first initiated the transaction, or call 02-8888822

  • To what countries can fund transfers be made?

    All countries worldwide, except when the transferring party is listed in the prohibition list (OFAC List) or is among otherwise prohibited people identified as representatives of sanctioned countries.

  • When can the money be received? Within the same day?

    This depends on time zone differences and bank policies in the destination country.

  • Can the money be instantly withdrawn?

    Subject to the bank policies in the destination country.

  • 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
    • Importers settling trade transactions in CNY
    • Businesses that regularly conduct CNY-denominated transactions

    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