Siam Commercial Bank SWIFT Code: SICOTHBK

Siam Commercial Bank SWIFT Code: SICOTHBK

The SWIFT/BIC code for Siam Commercial Bank (SCB) is SICOTHBK. SICO identifies SCB, TH stands for Thailand, and BK is the Bangkok location code. This code routes international wire transfers to SCB accounts in Thailand.

SCB is Thailand's oldest bank, established by royal charter in 1906 under King Rama VI. The Crown Property Bureau remains the largest shareholder. SCB operates over 800 branches and serves roughly 16 million retail customers.

Thailand's Royal Charter Bank

SCB's royal heritage gives it a distinct institutional character. The bank holds deposits from several Thai government agencies and royal-affiliated organizations. SCB is a primary dealer in Thai government bonds and an active participant in the THB interbank market.

Incoming international wires in THB are subject to the same Bank of Thailand reporting rules as other Thai banks — amounts exceeding THB 50,000 require a foreign exchange transaction form. SCB charges THB 200 to THB 500 for incoming wires.

Retail and SME Transfer Processing

SCB handles a large volume of retail international transfers, particularly personal remittances from Thai workers abroad. Japan, South Korea, Taiwan, and the Gulf states are major source corridors. The bank's fee schedule for personal incoming wires is typically lower than corporate transfer fees.

SCB's venture capital arm, SCB 10X, has invested in fintech companies, but the bank's core international wire processing still runs through traditional SWIFT messaging. Plans for SWIFT gpi adoption are ongoing.

How Slash fits in

Slash records incoming and outgoing wires through SCB alongside your other Thai and international accounts. THB cash flows from multiple banking partners are consolidated into a single view for your finance team.