How to send money to Thailand

Send international transfers to Thailand quickly and cheaply.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the US to Thailand doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Thai bahts for your dollar. Exchange rates, fees and transfer options vary depending on the transfer provider you choose, so it’s important that you shop around and compare different transfer providers to find the best deal.
World First Foreign Exchange

World First International Money Transfers

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  • Enjoy competitive exchange rates.
  • Spot contracts, forward contracts and limit orders are available.
  • Receive weekly updates on market exchange rates.

    Compare international money transfers to Thailand

    Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Thailand with our money transfer partners.

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    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

    With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 4.99 33.742 Online, Bank Account to Bank Account, Cash Transfer THB 168,542 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    World First Foreign Exchange
    USD 1,000 1 day - - Online Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    TransferWise International Money Transfers
    USD 1 1 day USD 75.00 33.980 Online THB
    167,351
    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 33.844 Online, Bank Account to Bank Account THB 169,220 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

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    Banks versus money transfer services

    We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major US banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

    You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees.

    Case study: Carl sends money to Thailand

    Carl’s son Jim is spending a year studying abroad in Bangkok, and Carl needs to find an easy and affordable way to transfer $1,000 to Jim to help him pay his rent. Rather than ask his bank to take care of the transfer, Carl decides to compare the features of a couple of money transfer companies to see if he can find a better deal.

    Money transfer company 1Money transfer company 2
    Exchange rate1 USD = 35.05 THB1 USD = 34.27 THB
    Transfer fee$5$16
    Transfer optionBank account depositCash pickup
    Transfer speed 5 business days10 minutes
    Total THB received35,050 THB34,270 THB

    As you can see, Carl can send almost 780 THB more and also save $11 in fees by using the first transfer company.

    Foreign exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    How to compare transfer companies when transferring money to Thailand 

     

    By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

    • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
    • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
    • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
    • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
    • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
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    Options for sending money to Thailand from the US

      • Bank transfers. Many major US banks can safely wire your funds to countries around the world. Banks rely on existing links between banks and banking systems worldwide. However, a downside is the frustratingly high fees and weaker exchange rates you’ll receive by going through your bank.
      • Online money transfer services. These specialists offer more affordable transfers than banks do, allowing you to quickly and easily manage your transactions from home. With competitive exchange rates and lower fees, you can send funds from your bank account. Many also allow you to pay with a credit or debit card.
      • Providers with cash pickup. Trusted providers like Western Union and MoneyGram offer the key advantage of giving your recipient fast access to the cash you send — sometimes within minutes. You can often pay online or at one of thousands of agent locations worldwide. However, services typically cost more than an online transfer specialist and vary by where you’re transferring your money and how you’re paying for it.
      • PayPal transfers. Not just for online purchases, PayPal offers transfers to more than 100 countries and supports multiple currencies. Its exchange rates are often better than those you’ll get from a bank but not quite as strong as rates from money transfer companies. PayPal calculates its transfer fee as a percentage of the amount you’re sending — meaning it’s often better for sending smaller amounts of money.
      • International money order. You can get this type of money order from your bank and send it overseas to your recipient, who then cashes it in with their own bank. While more secure than a personal check, it’s a slower option than using an electronic transfer. It also costs a little more — you’ll have to purchase the check, and your recipient may be charged a fee by their own bank cashed.

       

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

      • Bank transfers. Many major US banks will allow you to send money to Thailand.
      • Money transfer providers. Providers like Ria and World First 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 the US to Thailand.
      • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

      Emergency transfers to Thailand  

      You might need to send an emergency cash transfer to Thailand— for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.

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      Tips for picking up cash 

      Whether picking up funds in Bangkok, Thailand or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

      • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
      • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
      • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
      • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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      How to send money to Thailand 

      Whether you send money through your bank or a money transfer provider you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.

      Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

      Bottom line

      Overseas money transfers are easy, no matter which method you choose. But knowing how to compare your options gives you a leg up in terms of cost, rates and transfer speeds. An informed choice is your better choice.

       Frequently asked questions

      Certain money transfer companies (such as TransferWise and OFX) will cancel a transaction if the transfer has not yet been completed.

      A forward contract allows you to lock in an ideal exchange rate now and transfer the money later.

      A limit order allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met.

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