Send Money To Thailand

Find the cheapest way to send money to Thailand from Australia.

Last updated on August 3rd, 2022 at 05:25 pm by Cate Cook

Compare international transfer providers to send money to Thailand

With an estimated 70,000+ Thai people living in Australia in 2022, it’s no wonder the international money transfer business between the two countries is thriving. You can find the cheapest way to send money to Thailand here with Savvy by comparing international money transfer services. Once you find one with the lowest fees and best exchange rates, you can kick-start the transfer process today.

site-logos Xe
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $0 1-3 days From $0 100
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Xe is a 2021 Canstar Award Winner and offers the best exchange rates, low to no fees so customers save the most money

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site-logos OFX
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $250 1-3 days $0 50+
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OFX offers speed, security and simplicity with no hidden fees, total transparency and real people support 24/7

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site-logos Wise Money Transfer
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $0 1-3 days From 0.41% 53
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Send money cheaper and easier with Wise with no hidden fees.

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site-logos TorFX
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $200 0-2 days $0 35
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Excellent exchange rates with no transfer fees. Trusted by over 55,000 customers. Awarded Canstar’s 5 star rating 2018-2021.

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site-logos SingX
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $0 0-2 days From $0 30
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SingX offers live exchange rates with no mark ups and only charge a nominal fee shown to you upfront

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site-logos Remitly
  Minimum Transfer Amount Transfer Speed Transfer Fee Total Currencies Available  
site-logos $0 0-2 days From $0 21
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Remitly offers fast, safe and secure money transfers with excellent rates to over 100 countries

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More information on sending money to Thailand

What are my options for sending money to Thailand?

There are many ways to send money to Thailand. Your options include:

Specialist international money transfer providers

International money transfer services move funds over international borders without the money going through the international banking system. Money transfer service companies can transfer money faster and more cheaply than banks can, offering lower fees and markups on exchange rates. They can typically get money to your destination within two days, if not the same day or even instantly within seconds. Savvy works with a trusted range of international online money transfer providers offering you the most reliable way to transfer money overseas.

Cash transfers

Some international money transfer providers can send cash overseas almost instantly for it to be collected by someone at the other end. This can be very useful if you need to transfer money fast in an emergency. However, instant cash transfers aren’t available with all providers, or to all destinations, and they aren’t the cheapest way to send money overseas. Often higher fees are charged for cash transfers, and the exchange rate on offer may not be the most competitive.

International phone app accounts

Another type of international money transfer method is opening an international account on a phone app with a company such as Wise. Using your international account, you can transfer money directly to your contact in Thailand through their mobile phone (if they have the same app installed) or to their bank account. These accounts also allow you to exchange your Australian dollars for Thai baht when the exchange rate is strong and store the baht in your account online until you want to send it to Thailand. This could potentially save you hundreds of dollars in an environment where the exchange rate is moving against you.

PayPal and Xoom

PayPal’s international payment system Xoom isn’t yet available to Australians who want to transfer money to other countries in Australian dollars. However, if you open an international account through a specialist transfer provider, you could transfer money into US dollars, British pounds or Euros and send these to Thailand. However, Xoom will provide a less competitive exchange rate compared to money transfer specialists and you may also face delays getting the money transferred from a Xoom account to a bank account.

Phone top-ups or recharges

Another option to send money to someone in Thailand is by using a phone top-up (also known as a phone recharge or reload). However, the exchange rate you will receive to send your transfer will often be lower compared to an international transfer company, and the fees charged by telcos can be more expensive. Additionally, money sent in the form of a pre-paid phone recharge can’t be used as freely as cash can.

Bank transfers

You could use your traditional bank to send money overseas. However, the fees charged for this service will be higher, with up to $30 or more charged in some cases, and there’s no guarantee you’ll receive the best exchange rate. Also, it may take from three to five days for your money to arrive at your destination, whereas transfer providers can be completed instantly, on the same day or within two days. In almost all cases, specialist international money transfer services will get your money to Thailand more quickly and at a lower cost than your bank can. Get a quote and compare rates before booking your transfer through Savvy today.

How much will my transfer to Thailand cost?

When it comes to international money transfers, specialist providers charge either a percentage of your transfer amount as a fee, which is typically 0.4% to 0.65%, or a set fee, which can be up to $15. However, if a fee is charged by a transfer provider, the exchange rate you’ll be offered will likely be far better than that offered by banks, with some providers even transferring money at the mid-market rate. This represents the best exchange rate at any point in time. As such, you should always aim to get a transfer as close as possible to the mid-market exchange rate.

Whether you use a transfer company that charges a percentage fee or a set fee, will also determine how much your transfer will cost. In general terms, set fees are better for larger transfers (such as over $5,000), whereas percentage fees often prove to be cheaper for smaller transfers of $5,000 or under. For this reason, when comparing transfer providers, it’s important to look at the fee structure in conjunction with the exchange rate on offer.

Look at the following table to see how exchange rates and fees affect how much money will be received in Thailand if you send $500, on a day when the mid-market exchange rate is AUD $1 = THB 25.6193.

Fee charged AUD $ Exchange rate offered Recipient receives Difference in amount received
Provider #1
$10 (set fee)
24.5536
12,031.26
THB -695.13
Provider #2
$9 (set fee)
24.6566
12,106.39
THB -620.00
Provider #3
$2.25 (0.45% fee)
25.1831
12,534.89
THB -191.50
Provider #4
$3.25 (0.65% fee)
25.6193
12,726.39
N/A - best result

* Note: calculations are made by subtracting fees from the transfer amount. Exchange rates aren’t necessarily representative of current market rates.

How else should I compare international money transfer services?

These are other factors to take into consideration when comparing international money transfer services to find the best way to send money overseas:

  • Transfer limits: most companies have minimum and maximum transfer limits. These range from minimum limits of $1 to $250, through to maximum limits of $5,000 a day, or a daily maximum of $50,000 up to $500,000. Make sure the company you choose for your transfer to Thailand has limits that fit in with your needs.
  • Countries serviced: check the company you choose can send money to your required destination in Thailand, as not all providers service all destinations or currencies. If your family live in a more remote area where there are fewer financial services, it may be harder to arrange a cash transfer.
  • Speed of transfer: different transfer providers may be able to get your money to Thailand anywhere between seconds and two days. If you need your money to arrive quickly, it’s worth comparing providers and methods to find one which can transfer your money at the speed you need.
  • Methods of payment: look at the methods of payment that your provider permits. Some companies will accept cash, others won’t. Some will let you pay by debit or credit card, while others only deal with transfers to and from a bank account using EFTPOS, BPAY or direct debit. Make sure your provider supports your preferred payment method.
  • Customer service: some transfer companies offer extensive customer service 24/7, including service in multiple languages. They can also offer business account managers for customers who intend to make regular or business transfers. If you’re looking for a particular type of support, it’s worth comparing this when considering your options.

What is the process for sending money to Thailand online?

More of your frequently asked questions about sending money to Thailand

Can I transfer money to Thailand for free?

Yes – some transfer providers offer free transfers as an incentive to attract new customers. Other companies make transfer amounts over a certain limit, such as $10,000, free to attract business customers. Other companies don’t charge a fee for transferring money at all, instead making their profit on the exchange rate offered. It’s important to compare rates with any free transfers, as they could end up costing you more if they don’t compare well to others who may charge a percentage fee for their service.

Can I send money to someone in Thailand who doesn’t have a bank account?

Yes, there are several ways to send money to Thailand if your recipient doesn’t have a bank account. One is to make a cash transfer, which can be collected in person without the need for a connecting bank account. Another option is to send a phone recharge to their pre-paid phone SIM card. Such transfers can be arranged either by various telcos or specialist companies offering a phone recharge service.

Am I able to save money on regular business transfers to Thailand?

Yes – if you intend to make regular business transfers to Thailand, such as paying for goods or services, it’s worth looking into setting up a business account with a provider which offers account managers, as you could be offered a better exchange rate and lower fees.

Is it a good idea to use my credit card for my transfer to Thailand?

No – using a credit card to pay through a bank to transfer money is probably the most expensive way of making an international money transfer. This is because, on top of the bank fees, you’ll also be charged by your card provider for the transfer, which can reach up to 3% to 5% of your transfer amount. International transfer providers will offer a far cheaper way to send money to Thailand from Australia.

How can I find out if my transfer to Thailand has arrived?

Some transfer companies offer a tracking tool as part of their website or mobile app. When your transfer is complete, you will be sent a tracking number. If you enter this number into the relevant tracking query box on the app you’ll be able to see exactly where your funds are.