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Send money to Laos

Our guide will help you find the best way to send money to Laos.

Compare money transfers to start sending Laotian kip to people without having to pay the high fees charged by the bank. Whether you want to send cash for pickup or money to a bank account in Laos, comparing your options can help you save money on your next transfer.

Send money to Laos with WorldRemit

WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
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Compare international money transfers to Laos

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

Best ways to send money to Laos

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Laos. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.

1. Digital money transfer services

Companies like Ria and XE specialize in foreign currencies, making them some of the most cost-effective ways to send money to Laos. Most offer transfers directly to your recipient's bank account in Laos, often in as little as a day or two.
  • Why? Digital money transfer services are cheaper because they exist online and don't have as many employees or physical locations.

2. Cash transfers

Services like Western Union and WorldRemit allow you to transfer cash for pickup at a local branch in Laos— 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.
  • Why? Picking up cash is more expensive because more people are involved.

3. Banks

The Laotian kip may be offered by your bank, but beware of high fees and wide margins on the exchange rate. Compare bank transfers to digital services and other options before sending a wire transfer to Laos.
  • Why? Banks offer money transfers as a secondary service so don't strive to offer competitive prices.

Let's crunch the numbers: Sending $1,000 to Laos

Let's say you need to send $1,000 to family in Laos. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 10.000 LAK.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 9.970 LAK 1 USD = 9.950 LAK 1 USD = 9.500 LAK
Transfer speed 1-2 days Minutes 2-5 days
Amount received LAK$9,970 LAK$9,910 LAK$9,263
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Laos. A digital transfer sends the most, which is LAK$708 more than the bank. For speed, a cash transfer can typically have your transfer to Laos in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to Laos online

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

  1. Sign up for a free account. Compare and pick a provider before signing 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 bank account details in Laos.
  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 Laos. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to Laos

Weigh costs and fees against convenience to best compare money transfer providers that send to Laos. Consider:

  • Exchange rates. The USD–LAK relationship fluctuates, so using a service that allows you to lock in exchange prices may help you save money down the line if the Laotian kip rises against the US 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 USD–LAK 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 Laotian kips you're sending to Laos.
  • 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 Laos.
  • 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 bank account in Laos or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send money to Laos without a bank account

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 Laotian kips without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to Laos 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.

Laos' exchange rates explained

Banks and money transfer companies use exchange rate to calculate how much Laos' currency is worth when converted to USD. The USD-LAK relationship can change daily based on global economic stability, interest rates, inflation and more.

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Updated: 16 Oct 2021 19:29:39 UTC

What to watch out for

Sending money to relatives or family members in Laos may be subject to taxes on the money transfer and certain documents may be required.

Taxes on transfers to Laos

In general, any large transfers being sent from the US to Laos should be filed with the IRS to avoid any penalties.

Required information

Receiving money in Laos:

  • Transfer confirmation details like a transfer number, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID like a passport or similar official ID may be required to pick up your transfer.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Sending to Laos from the US:

  • Proof of identification like a government-issued ID or your SSN number.
  • Recipient information like their name, address and bank account information in Laos.

Bottom line

Sending your hard-earned money to Laos 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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2 Responses

    Default Gravatar
    KingApril 28, 2018

    I would like to know how many day in Laos country can pick from bank wire from USA let say like 20000 dollar pay $75 dollars fee
    Dollar to dollar

    Thank you

      Avatarfinder Customer Care
      JeniApril 28, 2018Staff

      Hi King,

      Thank you for getting in touch with Finder.

      The processing time for an international money transfer will vary depending on a range of factors, including the transfer provider you choose and where you send the funds. If you send the money through bank transfer from the US to Laos, it will take up to 5 business days.

      If you choose international money transfer companies, it takes only minutes to send your money to Laos. Check out the page to compare your options.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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