Counter ORFT (Counter Online Retail Funds Transfer)
Interbank fund transfer over the counter
Service features
Over the counter interbank fund transfer services (Counter ORFT) are available at over 6,000 bank counters. Customers are not required to have accounts with the bank where the transaction is being processed. Senders can transfer funds to recipients who have an account at a bank branch for a maximum of 100,000 bath per transaction.
Financial Institutions
Qualifications of the applicant
1) The applicant must be either a commercial bank licensed to conduct commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) or a bank established under specific legislation.
2) The applicant must be a business provider of the designated payment services under the Payment Systems Act B.E. 2560. (2017).
Revocation of Membership
1) The bank's license to operate commercial banking under the Financial Institutions Business Act B.E. 2551 (2008) has been revoked, or the bank has been disqualified as a bank established under specific legislation.
2) The business provider's license to operate a designated payment service under the Payment Systems Act B.E. 2560. (2017) has been revoked.
The customer of the Single Payment System member bank can access the system's services based on the products in which that bank has memberships. For example:
- Interbank cash withdrawal and/or balance inquiry via ATMs
- Interbank transfer via ATMs
- Interbank transfer via bank counters in any branch
- Cash withdrawals from ATMs in foreign countries, etc.
The customer can contact the bank of service directly for more information.
of Service
Benefits
Qualifications of the applicant
The member bank can save on investment costs, e.g., ATM machine ownership costs or branch expansion costs, including the cost of hiring customer service personnel. Otherwise, bank members can use ATMs or bank counters of other member banks, and connect to international service networks.
The member bank customer can make transactions through various channels. For example, ATMs of other banks or foreign countries, bank counters of other banks, online services, mobile banking, etc.
The company is aware of the highest security for information transmitted via the electronic media of the Single Payment System. We ensure the highest security by prioritizing the use of the most advanced security technology, including data encryption throughout the connection. Additionally, we incorporate private network devices between the company and member banks that control the connection devices using the Security Key system.
The company focuses on providing the most advanced security for the advancement of the national transfer/payment system to meet international standards. Furthermore, to protect users from any form of interception while ensuring the integrity of information transmitted through the system.
Security
