International money transfer resources

Send money to Thailand

Article by Mozo

With Australia ranked one of the best countries in the world to live in, there’s little surprise more than 45,000 Thai people live here. The large number of Thai’s living here creates a high demand for sending money from Australia to Thailand. Reasons for making a money transfer to Thailand include; supporting elderly parents or grandparents, sending money as a gift to friends or relatives, purchasing goods and services for your business, paying wages to staff in Thailand. Whatever your purpose for sending funds to Thailand, make sure you shop around to find a decent exchange rate so you receive plenty of Thai Baht (THB) for your Australian dollars.

If you’re actually planning on jetting setting to Thailand for a holiday or business trip, this guide isn’t for you - head over to our travel money section where you can compare everything from prepaid travel cards, exchange rates, holiday insurance to overseas debit card fees and travel credit cards.

Ways to send money to Thailand from Australia

There are several options when it comes to making an international money transfer to Thailand. You can send money via a bank, with a foreign exchange specialist or you can make a standard wire transfer. Mozo looks at the pros and cons of each option but we’ll give you the heads up now, a foreign exchange specialist is clearly the winner!

Banks: Pros
  • If you need to send money in a hurry your bank can be a good option
  • For a one off small amount a bank can be convenient and reliable
  • The bank’s exchange rate is often a lot more expensive than a foreign exchange provider
  • There’s no shortage of fees, banks charge a high conversion fees as well as a sending and receiving fee
Foreign exchange specialist: Pros
  • Usually the cheapest option for making an international money transfer
  • They offer the best value for money, with attractive exchange rates
  • Fees are a lot more modest compared to the banks
  • Some providers have a minimum and maximum transfer limit which may not work in your favour
  • Technical problems could slow down the transfer speed

Standard wire transfer


  • Convenience of bank to bank transfers
  • Recipient can access funds within minutes of the transfer being processed
  • The recipient can pick up the funds in cash from a branch
  • The exchange rate is generally pretty poor compared to a bank or foreign exchange specialist
  • For larger amounts greater than around $5000 you may have to visit a branch to make the transfer

Before booking a transaction make sure you’ve compared the day’s best exchange rates right here!

Features to consider when sending funds to Thailand from Australia

If you’re sending money to Thailand for personal or business purposes, be sure to consider the following 5 main features when shopping around for a provider.

1. Transfer limits: Some providers have a minimum and maximum amount you can send. You might have to look around to find one that allows you to transfer the amount you wish to send.

2. Exchange rates: The higher the exchange rate the more Thai Baht you’ll receive for your Aussie dollar. Don’t go with the first exchange rate you come across, take the time to calculate how much you’ll get from the different rates being offered by several providers. A few cents difference in the exchange rate could save you lots and lots! Compare the market and save on international money transfers!

3. Transfer turnaround: This refers to the time it takes for your money to be processed, to the moment it hits the recipient’s bank account.

4. Fees: There are several fees associated with transferring money to Thailand but if you do your research a few foreign exchange specialists waive these charges if you meet a certain criteria. Fees to be wary of include: a transfer fee, a sending and receiving fee, a cancellation fee and an amending fee.

5. Transfer methods: Sending money to Thailand really couldn’t be easier, you can make the transfer online, by phone, in a branch and some providers even have an app you can use.

How to transfer money to Thailand

Transferring funds to Thailand is a fairly easy and hassle free process that can be done from the comfort of your own home. Regardless of which foreign exchange specialist you have decided to use the method is pretty much the same.
  • Register and set up an account with a foreign exchange provider
  • Decide how much you want to transfer and to which country you want the money sent
  • Confirm and make sure you are happy with the costs and exchange rate of the transfer
  • Provide details of the recipient including their name and bank details
  • Book the deal!

IMT must know terminology

What is a spot deal?

This refers to an arrangement where you lock in the current exchange rate immediately with a legal binding of converting one currency for the other within 24 hours of booking the deal.

What is a limit order?

A limit order lets you set the exchange rate that you would like your money transfer to happen in. The provider will lock in the deal for you when the rate hits your goal.

What is SWIFT or BIC code?

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) or a Bank Identifier Code (BIC) is an 8 or 11 digit code that identifies banks around the world. This code is used to transfer money between banks via international wire transfers.

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