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Find the best way to send money to Thailand

Learn how to send money to Thailand from the US in our step-by-step guide.

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Looking for the best way to send money from the United States to family, friends or businesses in Thailand (or even to your own overseas bank account)?

Don't head straight to your American bank – compare specialist money transfer services instead. They nearly always offer better THB exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more bahts.

Of the companies we've compared, MoneyGram is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Wise (TransferWise) can get money to your recipient in Thailand within minutes.

Best ways to send money to Thailand from the US

The best way to send money to Thailand depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying US dollars or bahts money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Thailand but they charge extra for the convenience and are often slower than other methods. US banks generally add a 3% to 6% markup onto exchange rates.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Thailand.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Thailand

Use our table to compare the best money transfer companies to send money to Thailand. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Thailand.
1 - 12 of 12
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Airwallex
Airwallex
Within minutes
$0
After spending $15k in your first 90 days, receive a one-time $500 bonus that will automatically be credited to your account on any FX conversion.
Airwallex can help you make business payments to 150+ countries in 60+ currencies.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Instarem
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Western Union
Within minutes
From $0
Enjoy $0 fee on your first online transfer. Western Union makes money from currency exchange. Not valid on credit cards or sends to Cuba.
Western Union sends money online to friends and family in 200+ countries and territories around the world.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Xe Money Transfer for Business
24 hours
$0
Save your time and money with Xe Money Transfer for business.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
Currencies Direct
24 hours
$0
CurrenciesDirect makes transferring money abroad simple with bank-beating exchange rates. Currencies Direct may call you to confirm your transfer, so be prepared for a phone call shortly after initiating a transfer.
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Cheapest way to send money to Thailand

Bank transfers are typically the cheapest way to get your money to Thailand. MoneyGram and Western Union have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to Thailand, it's more important to look at the overall cost of your transfer. This has a couple of elements:

  • Transfer fees. While still cheaper than your American bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market USD/THB exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many bahts your recipient will end up with.

Fastest way to send money to Thailand

Many online providers can offer transfers to Thailand within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to Thailand:
  • Wise (TransferWise) — within minutes
  • MoneyGram — within minutes
  • Western Union — within minutes

Actual transfer times from the United States to Thailand can depend on several different factors including transfer amount, payment method and currency.

Safest way to send money to Thailand

The safest way to get your money to Thailand is to use a provider registered with the United States's industry regulator, the Consumer Financial Protection Bureau. All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United States and Thailand.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Thailand

If you need to make a sizable money transfer to Thailand, consider using a provider such as OFX or Xe to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Thailand may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on IRS's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the THB exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as Airwallex and Wise (TransferWise) can give you support over the phone.

How to send money to Thailand from the US

To send money to Thailand, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Thailand. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Thai bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total bahts your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Thailand. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: Pongsakon sends money to Thailand

Pongsakon is working in the United States as a doctor and he stays in regular contact with his elderly parents back home in Thailand. His parents need some funds to help pay off a mortgage, so Pongsakon plans to send them $2,000 from the United States.

He decides to compare a bank and a money transfer specialist to see which one can save the most money on his transaction.

Bank Money transfer company
Exchange rate 1 USD = 35.92 THB 1 USD = 36.40 THB
Transfer fee $10 $2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 71,483.90 THB 72,703.21 THB

The money transfer company enables Pongsakon to send an extra ฿1,219.30, which is transferred straight to his parents' Siam Commercial Bank account.

How to choose the best money transfer companies to send money to Thailand

When choosing a money transfer provider to send money from the United States to Thailand, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the THB you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Thailand for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Thai bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as Western Union offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Thailand faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, MoneyGram has a transfer limit of $25,000 while Instarem allows unlimited transfers.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of bahts.

Is this a good time to send money to Thailand?

Compared to a month ago, the US dollar is stronger against the baht. Currently $5,000 is equivalent to ฿182,900.00, whereas a month ago, $5,000 was equivalent to ฿178,150.00. That's an increase of 2.67% over the past month.

Similarly, compared to a year ago, the US dollar is again stronger against the baht. A year ago, $5,000 was equivalent to ฿169,950.00. That's an increase of 7.62% over 12 months.

So based on those two quick glances back, yes, it's a relatively good time to send money to Thailand, and your US dollars will go further than they would have. But what's more important, however, is where the strength of the US dollar against the baht goes from here – which is harder to call.

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Frequently asked questions

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
Xe Money Transfer for Business
24 hours
$0
Save your time and money with Xe Money Transfer for business.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
CurrencyTransfer for Business
24 hours
$0
Increase business efficiency with zero transaction fees and same-day transfers.
WorldRemit
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
Xe
Within minutes
$4
Xe has fast transfers with low fees and a range of foreign currency tools.
Instarem
24 hours
From 0%
New Instarem customers will get a special FX rate and zero-fees on their first transfer.
Instarem offers offers rewards on every transaction.
CurrencyTransfer
24 hours
$0
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
PayPal (business)
Within minutes
$0
Provides business solutions for small business owners in over 24 currencies worldwide. Try 3 months free of Spotify Premium when you sign up with PayPal.
Wise (TransferWise) International Money Transfers Business
Within minutes
From $8.16
Enjoy high maximum transfers into more than 20 currencies, while saving up to 90% over local banks.
Xe
Within minutes
$3
Xe has fast transfers with low fees and a range of foreign currency tools.
CurrencyFair
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From $0
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.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Remitly
Within minutes
From $0
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.
WorldRemit - 4free
Within minutes
From $0.99
Use promo code 3FREE and pay no fees on your first 3 transfers. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
CurrencyFair
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From $0
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.
PayPal
Within minutes
From $0
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Try 3 months free of Spotify Premium when you sign up with PayPal.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Wise (TransferWise)
Within minutes
From 0.41%
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
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6 Responses

    Default Gravatar
    JeromeJuly 9, 2019

    Friends suggested to use bitcoin and send it to Thailand. I used a service called cryptobaht.io and it worked great, the money arrived like 10 minutes later on the bank account of my girlfriend. However, I wonder if this is legal? In my understanding, I send this company bitcoin and they send out the Thai baht to my girlfriend, but if they decide to scam me I can’t do anything against it because bitcoin is totally private and anonymous?

    Anyways, the service worked great, but maybe in the future I will try something else. I have read about TransferWise and it takes 2 days or something like that ’til the money arrives, seems that bitcoin is way faster.

      Default Gravatar
      nikkiangcoJuly 10, 2019

      Hi Jerome,

      Thanks for leaving a question on our page.

      It’s great to know that cryptobaht.io worked great for you. As of this writing, we don’t have any information about them, therefore, we aren’t able to let you know if it is a legitimate company or share a review about their service.

      However, if you are looking to send money to Thailand, aside from TransferWise, you can use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Thailand with a money transfer service that might be suitable for you.

      If you are worried about falling victim to, you can use our checklist to help you detect and avoid Bitcoin scams in the future. Researching about the exchange before using their service will also help in keeping you safe from scams.

      Hope this helps! For any further questions, feel free to reach out to us again, we’re here to help.

      Cheers,
      Nikki

    Default Gravatar
    GailJuly 10, 2018

    The safest way to send $1000 US to Thailand

      Default Gravatar
      AshJuly 11, 2018

      Hi Gail,

      Thank you for reaching out to finder.

      All the providers listed above are safe and legitimate. You may compare each provider by the speed of transfer and method. The quickest transfer speed is the same day which are for WorldRemit and Pangea.

      I hope this helps.

      Let us know if there is anything else that we may assist you with.

      Cheers,
      Ash

    Default Gravatar
    ShobhitApril 3, 2017

    I want to transfer USD to Thailand bank account from India using equivalent INR from my credit card.
    How can I do that?

      AvatarFinder
      HaroldJuly 11, 2017Finder

      Hi Shobhit,

      Thank you for your inquiry.

      We do have a list of money transfer service providers who can help you send money to Thailand. Try to directly transfer the funds from India to Thailand to save costs.

      I hope this information has helped.

      Cheers,
      Harold

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