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This guide will help you get the most Thai baht for your dollar by comparing the services you can use and showing you what you should keep an eye out for.
How we chose these services Top picks are our selection of some of the best money transfer products and services on Finder, but we haven't compared every brand in the market. We've included them on some pages to help you make decisions faster, but keep in mind that our top pick may not always be the best fit for you. Read our full methodology here to find out more.
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Thailand with a money transfer service.
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.
Companies like XE and OFX specialize 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.
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.
Almost every large Australian 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.
Let's say you need to send $1,500 to family in Thailand. Here's what you might face as far as fees and exchange rates as of 10 November 2020.
|Digital money transfer service||Cash transfer||Bank transfer|
|Fee||$11||$35||$9 + additional correspondent bank fees|
|Exchange rate||1 AUD = 22.19 THB||1 AUD = 21.16 THB||1 AUD = 21.52 THB|
|Transfer speed||1-2 day||Minutes||2-5 days|
|Amount received||THB 33,053||THB 31,747||THB 32,095|
The digital money transfer option ends up being the best value, while a cash transfer is faster.
Sign up and send money with a digital money transfer specialist in four steps:
Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Thailand to best meet your needs:
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.
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.
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 Australian dollar.
To send money to Thailand from Australia, you'll need a government-issued ID and other documents, while documents needed to pick up money in Thailand may be different by company.
To send money from Australia to Thailand, you'll need documentation and details that include:
To pick up money in person, documentation can include:
Sending money to Thai relatives or family members in Thailand may be subject to taxes on the money transfer, but it depends on a lot of variables.
In terms of security, t's always a good idea to check the Department of Foreign Affairs and Trade (DFAT) website before travelling outside of Australia. For Thailand, they recommend that visitors exercise a high degree of caution. 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.
Sending your hard-earned money to Thailand 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.
Get $250 credit back when you meet the eligibility requirements and 55 days interest-free on purchases.
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TorFX guarantees to match any competitor's exchange rate. Conditions apply.
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Send guarantees to match any competitor’s exchange rate. T&Cs apply.
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