Send Money to Thailand: Best Money Transfer Services | Finder Canada

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Send money to Thailand

Send international transfers to Thailand by comparing options to get the best deal.

When you need to send money to Thailand, it can be difficult to know the best way to get the most out of converting your dollars to Thai baht. Whether you want to use a money transfer service or going through a bank, this guide will help you get your money where it needs to go.

Compare money transfer services to Thailand

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to the Philippines with a money transfer service.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 24.854 THB
124,272
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
USD 150 1 day CAD 15.00 24.729 THB
123,276
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
CAD 10 Within an hour CAD 1.99 24.704 THB
123,473
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
CAD 0 Within an hour CAD 3.99 24.879 THB
124,297
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 65.00 24.979 THB
123,272
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
CAD 5 1 - 2 days EUR 3.00 24.802 THB
124,009
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Thailand?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Thailand. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Digital money transfer services

Companies like XE and OFX specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Thai bank account, often in as little as a day or two.

Cash transfers

Services like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Thailand— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees.

Banks

Thai baht are not a popular currency, but your local bank may be able to exchange them. If your bank supports Thai baht, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Thailand.

Let’s crunch the numbers: Sending $1,500 to Thailand

Let’s say you need to send $1,500 to family in Thailand. Here’s what you might face as far as fees and exchange rates as of October 1, 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$50 + additional correspondent bank fees
Exchange rate1 CAD = 23.5154 THB1 CAD = 22.8028 THB1 CAD = 21.8341 THB
Transfer speed1-2 dayMinutes2-5 days
Amount receivedTHB 35,273THB 34,113THB 31,659
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Thailand. If you go with the digital money transfer service, your recipient ends up with THB 3,614 more than the bank offers. The cash option will get your money there the fastest, often in a few minutes or less.

What are the other ways that I can send money to Thailand?

  • Bank transfers. Many major Canadian banks will allow you to send money to Thailand.
  • Money transfer providers. Providers like WorldRemit and Wise can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from Canada to Thailand.
  • Cheques and money orders. Although not a quick option, you could send an international cheque overseas, obtained from your bank or Canada Post.

How to send money to Thailand through an online service

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Thai bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Thailand. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer to Thailand

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Thailand to best meet your needs:

  • Exchange rates. The CAD-THB relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line if the Thai baht rises against the Canadian dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger CAD-THB exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Thai baht you’re sending to Thailand.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Thailand.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you’re sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a Thai bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Thailand

When urgency trumps cost to get your money to Thailand quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Thailand without a bank account

Cash transfer services can help you if you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Thailand’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Thailand’s exchange rate is flexible compared to the Canadian dollar. Because both are relatively stable, the CAD-THB relationship typically doesn’t make sharp movements. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate CAD to THB

1
0
Updated: 18 Apr 2021 13:41:03 UTC

Documents needed for sending to and receiving money in Thailand

To send money to Thailand from Canada, you’ll need government-issued ID and other documents, while documents needed to pick up money in Thailand may be different by company.

Documents to send money from Canada

To send money from Canada to Thailand, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SIN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal cheques.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Thai bank account and routing number.

Documents to receive money in Thailand

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Thai Passport, Thai ID or similar official ID may be required to pick up your transfer..
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

What to watch out for

Sending money to Thai relatives or family members in Thailand may be subject to taxes on the money transfer, but it depends on a lot of variables. In general, any large transfers being sent from Canada to Thailand should be filed with the CRA to avoid any penalties.

Bottom line

Sending your hard-earned money to Thailand shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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Ask an Expert

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2 Responses

    Default Gravatar
    tonyJuly 17, 2015

    how much money can i send to thailand in one transaction

      Avatarfinder Customer Care
      JodieJuly 17, 2015Staff

      Hi Tony,

      Thank you for contacting finder.com , a financial comparison website.

      Each different transfer company has their own restrictions on how much they will allow you to send per transfer and these can differ depending on the way you are processing your transfer, use the comparison above to find who would be the best option for you with the amount you wish to transfer and contact them to discuss.

      Regards
      Jodie

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