Find the best providers to send money to Thailand
How to send money to Thailand
Find out how to transfer money to Thailand at the best THB rate in a few easy steps
1. Check the THB mid-market exchange rate against your sending currency
Although the evolution of the exchange rate is fluctuating, it can help you save money to follow it so that you can optimize how much the recipient of your transfer will receive. Track the Thai baht rate and validate your transaction when the exchange rate reaches your target level.
2. Find the optimal deal by comparing the 25 available money transfer providers.
There are 25 services able to send money to Thailand, such as WorldRemit, Azimo, TransferWise, Currency Solutions, Currencies Direct. Save money by comparing them all and find the most competitive option for your upcoming transfer.
3. Pick the best money transfer company with your own criteria
Are you looking for the service with the lowest price, the shortest transfer time, most positive customer reviews, or a good compromise.
Another important aspect is to have a look at the pay-in and pay-out methods. Bank transfer or credit/debit cards are the most common pay-in methods to send money to Thailand online. To receive the money in Thailand, choose if you need the money to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and start your money transfer to Thailand with the company you selected
Go to the money transfer provider's homepage to complete the sign-up process - be aware you will often need to give an ID document and/or a proof of adress - and get started with your money transfer to Thailand.
Whether you’re an expat living in Thailand and regularly need to send money from your home country to Thailand, or you left Thailand to live and work abroad and transfer money back to Thailand to support your family, comparing money transfer solutions before your transfers can help you save a lot on transfer fees and poor exchange rates.
If you’re still using your bank to transfer money to Thailand (or a traditional cash-to-cash money transfer operator, or even worse PayPal), you’re likely paying 3%-5% too much for each of your transfer. There are today a lot of solutions to transfer money to Thailand with transparent fees and great exchange rates, you simply need to compare your options before each of your transfer, for the exact amount you need to send.
Which provider should you select for your next transfer to Thailand?
The cheapest way to send money to Thailand will almost always be to make a transfer to a bank account in Thailand via a specialized online money transfer operator, that you can pay by debit card or local bank transfer. Services such as TransferWise or Xendpay are good examples of such solutions, they will offer an exchange rate very close to the mid-market rate and apply transparent and low fees. These solutions will be much cheaper than making an international bank transfer to Thailand with your own bank or using PayPal, as these options generally have higher fees and take a huge margin on the exchange rate when converting your money in Thai Bahts.
If your recipient in Thailand doesn’t have a bank account, you also have plenty of good options to choose from. It’s generally worth it to check the money transfers giants Western Union and Moneygram to see if they currently have good offers as they have a great coverage of every region in Thailand and offer very fast transfers, however, other companies such as Azimo, WorldRemit, Transfast or Remitly which offer transfers to many pay-out options (cash pick-up, airtime top-up, bank transfer, bill payment) will usually offer you a better deal.
If you’re sending a large amount to Thailand, let say you are for example and expatriate moving to Bangkok for a few years and you want to take part of your savings with you, or you need to buy property in Thailand, then, we usually recommend to use a foreign exchange company. Most of the big FX companies will support the Thai Baht as receiving currency, we recommend the services of Currency Solutions, OFX, Currencies Direct, Halo or Frontierpay. You can compare these companies with our comparison engine to see which one are likely to give you the most attractive quote.
Save money on all occasions when sending money to Thailand
Pay for your holidays in Thailand
Transfer money to your friends and family
Transfer your savings to Thailand
What information do you need to send money to a bank account in Thailand
The name of the recipient's bank account's holder.
The name of the recipient’s bank in Thailand. Often, you will be able to select the name of the bank in the list, in other cases, you have to enter the name yourself.
The SWIFT (also called BIC) code is a unique code attributed to each bank often used in international transfers.
The bank account’s number of the recipient in Thailand.
For legal reasons, you need communicate the exact postal address of the recipient in Thailand.
To send money to a bank in Thailand, you’ll need some information about the recipient’s bank details in order to set-up your transaction. Banks in Thailand don’t use the IBAN system so you will have to enter the bank account number of your recipient (usually a ten digit number) as well as the SWIFT (or BIC) code to identify the bank in which your recipient has his account. Sometimes, money transfer operators will allow you to select the name of the bank in a list instead of asking you for the SWIFT code.
In addition, for legal reasons, you will need to give the postal address in Thailand of your recipient (not the address of the bank).