GoBear is now part of Finder

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

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 ringgit 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 Thailand with a money transfer service.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day MYR 3.99 7.88 THB
39,371
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
USD 60 1 day MYR 0.00 7.892 THB
39,458
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
USD 1 1 day MYR 70.00 7.922 THB
39,053
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 200 1 day MYR 25.00 7.89 THB
39,252
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
USD 120 1 - 2 days MYR 5.00 7.857 THB
39,244
Malaysia-based MoneyMatch offers competitive exchange rates for overseas money transfers from MYR to more than 70 countries. 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 InstaReM and Wise specialise 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 RM5,000 to Thailand

Let’s say you need to send RM5,000 to family in Thailand. Here’s what you might face as far as fees and exchange rates as of 25 November 2020.

Digital money transfer serviceCash transferBank transfer
FeeRM40.27RM10RM30 + additional correspondent bank fees
Exchange rate1 MYR = 7.4250 THB1 MYR = 7.3046 THB1 MYR = 6.9930 THB
Transfer speed1-2 dayMinutes2-5 days
Amount receivedTHB 36,826THB 36,450THB 34,755
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 2,071 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Thailand in as little as 15 minutes.

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

  • Bank transfers. Most Malaysian banks will allow you to send money to Thailand.
  • Money transfer providers. Providers like InstaReM 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 Malaysia to Thailand.
  • Cheques and money orders. Although not a quick option, you could send an international cheque overseas, obtained from your bank.

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 MYR-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 Malaysian ringgit.
  • 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 MYR-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 Malaysian ringgit. Because both are relatively stable, the MYR-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 MYR to THB

1
0

Documents needed for sending to and receiving money in Thailand

To send money to Thailand from Malaysia, you’ll need a 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 Malaysia

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

  • Identification. Most services require a driver’s licence, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require other details.
  • 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.

Bottom line

Sending your hard-earned money to Thailand shouldn’t cost a fortune. Compare money transfer companies that specialise 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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site