Send money internationally to Thailand (THB) using the mid-market exchange rate. Check and compare the rates from the major financial providers.
Send money to Thailand
What is the best THB exchange rate today?
How much does it cost to send money to Thailand?
- International money transfers shouldn’t be expensive.
- Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
Who send money to Thailand?
You might be in need to send money to Thailand for several reasons:
- You are a Thai migrant abroad in need to send money back to your country of origin: According to the United Nations almost 900'000 are residing outside of Thailand. The countries where they are the most represented are mainly English-speaking countries. A lot are in the United States (201'000), then they are spread between Germany, Australia, Japan, the United Kingdom, Sweden, South Korea and Cambodia.
- You are a Thai of origin born overseas: you still have family and strong links to your home country.
- You're a traveler visiting this wonderful country.
- You're a company with business with Thai.
In 2015 the country received over 5.2 billion of US dollars, an increase of 30% compared to 2012. The country which sends the most are the United States for $1.4 billion.
How to get travel money while visiting Thailand?
Every year hundreds of thousands of people go to Thailand in vacation. It is not surprising given the beautiful landscapes, great weather and great people the country offers. But how you'll manage your money once in Thailand? Did you already think about how to exchange your money to get Thai Baht? There are three mistakes to avoid when landing to Thailand.
Don't withdraw money with your credit or debit card
Withdrawing cash with your international card is not a problem in Thailand. It is a very touristic country so you won't have difficulties to find an ATM. But you'll have a surcharge of 150 baht for every withdrawal plus your bank will apply a bad exchange rate. You should either withdraw the maximum possible at one time or have Thai baht with you and use your card only for emergency.
Don't use your card as a payment method in restaurants and shops
Many places will accept your credit or debit card as a payment method. But often the merchant will convert the transaction with a bad exchange rate. You better avoid using directly your card or be sure to know the real official exchange rate at the moment of the transaction. That way you can show the real rate to the merchant.
Don't convert your money at the airport, at hotels or in the streets
You can exchange money at the airport while landing to the country. It is the easiest way but you'll lose a lot of money. Currencies exchange offices at airports offer the worst exchange rate on the market. Really. Always. However many people continue to get Thai currency there. Avoid also currencies exchange offices on the streets or, especially in touristic areas. You'll get a poor exchange rate. Also many hotels offer to convert your currency but it is not a good idea.
Now you know the mistakes to avoid, what are the best options to get travel money to Thailand? You have three options to get cash without losing money in Thailand. Either find a bank which can exchange your money at a good rate. Either withdraw the maximum possible at a time at an ATM. Or if you don't want to carry money because of the risk of theft you can use a prepaid travel card. Severals exist on the market. It allows to lock the exchange rate in advance you can pay with and reload it when needed.
How to send cash to someone in Thailand?
You can send money to someone in Thailand by using a international cash service such as Western Union or MoneyGram. It is not the cheapest option but it is fast and reliable. The recipient only needs to provide an identification card, a reference number and collect the cash at a physical agency.
How to send money efficiently on a Thai bank account?
If you're a migrant working abroad in need to send money to relatives stayed at home or if you do business with a Thai company, you certainly look for an optimized option to send money to Thailand. How to find the cheapest option?
Except if your bank has an international branch in Thailand which can offer you a low transaction fee, it is better to use a money transfer company. Many allow to do transfers to Thailand. Among them we find Azimo, Worldremit, Transferwise, GoRemit, SBI remit, Ria money transfer, Remitco, Small World FS, and others. Depending on what your recipient exactly needs, choose the one which gives you the best rate on the market.