Which banks Storspay pays in Thailand, how fast the money lands, and the limits per payment

Short answer. Storspay pays any Thai bank account on the domestic rail — Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank, Krungthai, Krungsri, TMBThanachart and the other Bank of Thailand-licensed banks — by account number, over the domestic interbank rail. Most payments land within minutes; the latest is the same business day. You need the recipient's name as it appears on the account, the bank and the account number; Storspay checks the name before you confirm. Large payments are split automatically under the local channel cap, under one reference and one fee.

What you need from the recipient

Three things: the account holder's name exactly as the bank has it, the bank, and the account number (with the branch or routing code where the bank uses one). Storspay verifies the account name with the bank before you confirm, so a typo stops the payment instead of sending it to a stranger.

Timing

Payments over the domestic interbank rail usually land within minutes, around the clock. Larger amounts can take until the end of the same business day. Public holidays in Thailand can delay a very large payment to the next working day; the status in Storspay tells you where it is at every step.

Mobile wallets

Storspay pays bank accounts in Thailand today. Wallets are on the roadmap; in the meantime, nearly every wallet user also has a bank account you can pay.

What is different about Thailand

Thailand is a manufacturing and tourism economy with a deep banking system: every supplier, hotel and studio has a Bangkok Bank, KBank, SCB or Krungthai account and domestic transfers land in seconds. Thai recipients are precise about baht amounts — invoices are issued in baht and the accounts team expects the exact figure — and they are tired of inbound wires that arrive a few per cent short after the correspondent bank and the receiving bank's FX desk have taken their cut. Storspay pays the baht figure on the invoice at the mid-market rate, with the 1% on its own line.

How a payment to Thailand works on Storspay

1. Fund your balance in USD (ACH or wire), CAD (Interac e-Transfer or EFT), GBP (UK bank transfer) or EUR (SEPA) — to account details in your own business name. Funding is free.
2. Add the recipient once: their name as it appears on the account, the bank (Bangkok Bank, Kasikornbank (KBank), Siam Commercial Bank, Krungthai, Krungsri, TMBThanachart and the other Bank of Thailand-licensed banks) and the account number. Storspay checks the account name before you confirm.
3. Type the amount in either box. Enter what you want to send and see the baht that land, or type the baht figure on the invoice and see what it costs you. The rate is the mid-market rate; the 1% is on its own line.
4. Confirm. The money goes over the domestic interbank rail and usually lands within minutes — the same business day at most. The recipient gets a notification with the exact amount, and you get a receipt with the invoice reference.

Nobody in Thailand has to sign up, install an app or touch anything other than their own bank account. Everything on the recipient side looks like an ordinary domestic transfer.

What it costs

Storspay charges 1% all-in on payments to Thailand, with a minimum of US$2, at the mid-market rate. That one line covers conversion, settlement and delivery; there is no FX markup, no intermediary-bank charge and nothing deducted on the recipient side.

Rates in this guide are the mid-market rate on the day of writing (1 USD = 33.5341 THB); the calculator on the homepage shows today's. Large payments are split automatically under the local channel cap, under one reference and one fee.

See what your team in Thailand receives →

Questions businesses ask before the first payment to Thailand

What if the account name does not match?

Storspay shows you the name the bank returned and will not send until you fix the details or confirm the match. Most mismatches are a middle name or a company suffix.

Can I pay on a Saturday?

Yes. The domestic rail runs around the clock; most payments land within minutes seven days a week. Very large amounts may wait for the next business day.

Is there a minimum payment?

The fee minimum is US$2, which makes anything under about US$200 cost slightly more than 1%. There is no other minimum.

Can you pay PromptPay?

Not yet. Storspay pays Thai bank accounts by account number today; PromptPay is on the roadmap. Every PromptPay ID is linked to an ordinary bank account you can pay now.

Will the recipient's bank ask for documents?

For most business payments, no — the money arrives as a domestic baht credit. At or above the equivalent of US$50,000 the recipient's bank completes a Foreign Exchange Transaction Form; your invoice and the Storspay receipt are what they ask for.

Can I pay a Thai hotel or supplier in baht for a quote they gave me in US dollars?

Yes. Type the dollar amount and Storspay shows the baht figure at the mid-market rate; or type the baht figure on their invoice and see the dollars it costs — both boxes are editable.

Who this is for — and who it is not for

Storspay is for businesses and organisations: companies, agencies, schools, hospitals, facilitators, foundations and sole traders paying other businesses and professionals for work, goods and services. A sole trader counts as a business and signs up in their own name.

What Storspay is not is a personal money-transfer service. We do not open personal accounts, and every payment has to be a business transaction: an invoice, a contract, a fee note, work delivered. Money to family and personal transfers are not what this is, and we would rather say so now than at verification.