Sending money to Thailand is easy with this simple guide.
Whether you want to send money back home or conducting business in Thailand, you can find a simple and cost effective international money transfer service.
The table below can be used to compare services and products which allow transfers to Thailand.
Using the table headings you can compare minimum transfer amounts, fees and more. If you’d like to know more about a product click ‘More info’ or click ‘Go to Site’ to open an account.
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Nahm fell in love with Australia while on vacation and decided to start a new life here. The oldest of three, she was helping her younger brother pay for secondary education and wanted to continue to do so while abroad.
Before making the move, Nahm decided to look into what cash transfer options were available to send $1,000 Australian dollars a month to Thailand to her brother to make sure that he could continue with his studies uninterrupted.
| Australian bank | Money transfer service | |
|---|---|---|
| Exchange rate | 26.45 THB for every 1 AUD | 27.43 THB for every 1 AUD. |
| Transfer fee | $22 | $35 AUD |
| Amount in Thai Baht for every $1,000 Australian dollars | 26,450 THB is transferred for every $1,000 AUD. | 27,430.12 THB is transferred for every $1,000 AUD. |
| Transfer time | Typically two to four business days. | Within ten minutes. |
| Options available | There is no cash pick up for this option. These are bank account to bank account transfers only. | This is a cash pick up service only. |
What’s the difference?
With the transfer service company there will be 980.12 THB for Nahm’s brother’s tuition than if she used an Australian bank. Even if the $13 difference in fees were calculated, it would still save them 636.27 THB.
How do I compare transfer companies when sending money to Thailand?
Check the following:
- Competitive exchange rate. It may not look like a big difference at first glance, but once you multiply the amount you plan to send, it’s easy to see how much you can lose if you don’t choose a company or bank that is cost effective.
- Little to no fees. To get the exact fee, you should look at them in conjunction with the exchange rate. To do this, you only need figure out what the fee would be in the receiving currency.
- Fast turnaround time. For Nahm, who is sending regular payments, having to wait for the bank transfer may be acceptable. However, if her brother or other sibling were to need money for an emergency, the transfer service would be a better option because of the shorter turnaround time.
- A range of convenient pick up methods for your recipient. This is dependent on your circumstance and whether or not your beneficiary has the means to pick up money sent to them in person.
- Flexible transfer amounts. If you plan on sending large amounts of money at a time, it would be a good idea to find out what the wire transfer service providers limit the transactions to.
How do I send money to Thailand?
Unlike some exotic currencies, Thai Baht are able to be transferred overseas by a huge number of different financial institutions. Here’s a short list of companies and banks that may be worth looking into:
- Money transfer services. Almost all money transfer services will allow you to transfer funds to Thailand. These include online only services, and cash pick up services like MoneyGram and Western Union. You can compare these above.
- Banks. Almost every large Australian bank will allow you to send money to Thailand. This can be carried out at branches or online using specific online transfer services, or through specific products, such as Citibank’s Plus Transaction Account, which offers free global transfers to any account anywhere in the world.
Did an emergency cash transfer in Thailand?
Travellers to Thailand also need to consider how they can get cash in the event of an emergency. Here are a few options you can look into:
- Bank-to-bank transfer. You may be able to contact your local Australian bank and have cash sent to you in Thailand. Ask both your bank and the receiving bank how much the fees would be for this service.
- Travel insurance emergency assist. If you purchased a travel insurance policy, or have travel insurance linked to your credit card prior to your trip to Thailand, you may be able to recover emergency monies by contacting the provider.
- Cash transfer company. Cash transfer service providers do not have residency requirements to pick up cash. So long as you have a photo ID you will be able to receive cash,
MoneyGram and Western Union cash pick up locations in Thailand
Western Union
Bangkok
Thailand Post Bang Pakaew
337 34 35 Moo 7 Suksawat
13 Road Bangpakok
Rat Burana, Bangkok 10141
Phone: +2 2 831 3271
Open Monday through Friday 8:30 am to 4:30 pm. Closed Saturday and Sunday
Bay Surawong
182 Surawong Road
Si Phraya Bang Rak, Bangkok 10500
Phone: +66 2 233 9760
Open 8:30 am to 4:30 pm. Closed Saturday and Sunday
Hat Yai
Bay Big C Hay Yai
111 19 Moo 4 Klong Hae Hat Yai
Hat Yai, Songhkhla 90110
Phone: +66 74 214570
Open 7 Days a week 10 am to 8 pm
Bay Central Festival Hat Yai
1518 1518 1 2 Kanchanawanit Rd.
Hat Yai Hat Yai, Songkhla 90110
Phone: + 66 74 339913
Open 7 days a week from 10:30 am to 7:30 pm
MoneyGram
Bangkok
Siam Commercial Bank
#5347 Senafest 1st
Fl 542542 1-2 Charoennakorn Rd.
Khlongtonsai Khlongsan Bangkok
Phone: 21089025
Open 7 days a week from 11 am to 7:30 pm
TMB Bank
#078149/911 Surawong Road
Bankgkok, 10500
Phone: +6622665230Open Monday through Friday 8:30 am to 3:30 pm Closed on Saturday and Sunday
Hat Yai
Siam Commercial Bank
#0590 Hat Yain
1097 Phet Kasem Rd Hat YaiSongkhla, 90000
Phone: +6674235540Open Monday through Friday 8:30 am to 3:30 pm Closed on Saturday and Sunday
Cimb Thai Bank
Thanon phet Kasem Hat y430-3-4 Phet Kasem Road
Hat YaiSongkhla, 90110
Phone: 743675003
Open Monday through Saturday 8:30 am to 4:30 pm Sunday closed.
Tips for picking up cash in Thailand
Check the Department of Foreign Affairs and Trade (DFAT) website before travelling outside of Australia. In the instance of Thailand they recommend that visitors exercise a high degree of caution. Check the nearby cash pickup locations carefully before picking up your cash and try to choose one that is inside of a local bank with added security.
What documentation do I need to send funds?
You can choose between bank to bank transfers for sending money to Thailand or cash transfer companies. With a cash transfer you will have to know your recipient’s contact information and full name. If you choose to use a bank for the transfer you will have to do the following:
- Bank account. You will need to have an existing bank account in the bank you choose to conduct a transfer. In some cases the bank may allow for you to set up your account before the move.
- Recipient bank. The account number, routing number and SWIFT number will be needed for the bank you are sending the money to.
- Recipient name. The name of the account holder.
- Recipient address. Also make sure that you know the exact address of the person who holds the Thai bank account you are sending the money to.
With some banks this information will be stored so that with subsequent transactions you only need to pick the beneficiary.
With a bit of quick research you can save yourself a bundle on money when transferring money overseas.
how much money can i send to thailand in one transaction
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