How to send money to Thailand
Understand what your options are when transferring funds to Thailand.
This guide will help you get the most Thai baht for your pound by comparing the services you can use and showing you what you should keep an eye out for.
To send money to Thailand, you’ll need to:
- Choose your service. Compare the transfer services in the table below and pick the one that best suits your needs.
- Sign up. Most transfer services will require verification, which means you’ll need to provide a government-issued ID like your passport or driver’s licence.
- Set up the transfer. Provide your recipient’s details and lock in an exchange rate.
- Confirm and pay. Your funds will be sent to Thailand.
XE Money Transfer
XE specialises in a wide range of foreign currency solutions and offers an affordable solution when you need to send money overseas.
- Send money to 60+ countries.
- Competitive exchange rates that are often better than banks.
- Transfer up to US$500,000 online.
- See exchange rates in real-time.
Compare services that send money to Thailand from the UKUsing the table below, you can compare minimum transfer amounts, fees and more. If you’d like to know more about a product, click “More info”. If you want to open an account, click “Go to Site” to get started.
How do I compare transfer companies for sending baht?
- 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. Watch out for big margins being added onto an exchange rate, so compare it across multiple services.
- Fair fees. Fees are charged as either a percentage, a flat fee or a mix of both. Be aware that although some services offer “fee-free transfers”, the exchange rate might not be as good.
- Fast turnaround time. Paying through a bank transfer generally takes the longest time, while paying by credit or debit card will be quicker. Generally, the faster the service, the more expensive it is.
- Convenient pick-up method. Most services can send to a bank account, but fewer send to a cash pick-up location or mobile wallet. These last two are handy if your recipient does not have a bank account.
- Flexible transfer amounts. Different providers are better for different amounts, so check the sending limits to make sure they’re what you’re after.
Exchange rates explainedThe exchange rate tells us what a currency is worth in terms of another currency. These rates fluctuate all the time and while there’s no way to predict them, keeping an eye on them will tell you the best time to exchange money – i.e. the best time to send money to Thailand is when either the GB pound is strong or the Thai baht is weak.
Below, you can see a real-time update of what the mid-market rate is for GBP/THB as well as what it has been historically.
GBP to THB: Historical rate chart
What are the ways I can send money to Thailand?
Thailand is one of the more popular countries for Brits to send money to, so there are a number of different ways you can do it.
- Money transfer services. Almost all money transfer services will allow you to transfer funds to Thailand. These are usually online-only and will often require verification such as your passport or licence when you first sign up. They can also often be the cheapest option and easier to compare.
- Cash pick-up service. Services like MoneyGram, Ria and Western Union let your recipient pick up their money at thousands of locations. This can be one of the fastest ways to transfer money, but often the most expensive.
- PayPal. While well-known, PayPal comes with higher fees and your recipient will need an account to access the money.
- International cheque. Buy one of these from your local post office or bank and send it by mail.
- Banks. Almost every large UK bank will allow you to send money to Thailand, generally for worse exchange rates than offered by an online money transfer specialist. You can do this at branches or online using specific online transfer services.
Case Study: Carl sends money to Thailand
Carl’s son James is spending a year studying abroad in Bangkok, and Carl needs to find an easy and affordable way to transfer £1,000 to James 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 1||Money transfer company 2|
|Exchange rate||1 GBP = 36.12 THB||1 GBP = 34.94 THB|
|Transfer options||Bank account deposit||Cash pickup|
|Transfer speed||5 business days||10 minutes|
|Total THB received||36,120 THB||34,940 THB|
As you can see, Carl can send almost 1,180 THB more and also save £11 in fees by using the first transfer company.
Need to make an emergency cash transfer in Thailand?
If you end up needing to make a cash transfer instantly, there are a few options you can look into:
- Bank-to-bank transfer. You may be able to contact your local UK 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 assistance. 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 money by contacting the provider.
- Cash transfer company. Cash transfer service providers do not have residency requirements to pick up cash. As long as you have photo ID, you will be able to receive cash.
Tips for picking up cash in Thailand
Check the nearby cash pick-up locations carefully before picking up your cash and try to choose one that’s inside of a local bank with added security.
Cash pick-up locations in Thailand
Frequently asked questions
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