Best ways to send money to Thailand from Malaysia
🏅 The overall best way to send MYR to Thailand: Wise
💲 The cheapest way to send money to Thailand from Malaysia: Wise
⏲️ The fastest way to send money to Thailand from Malaysia: WorldRemit
🏦 The best way to send money from Malaysia to Thailand via a bank transfer: Wise
💳 The best provider for credit card transfers from Malaysia to Thailand: Wise
💳 The best provider for debit card transfers from Malaysia to Thailand: Wise
MYR to THB
Introduced in the 19th century, the Thai baht THB was used as a form of payment long before it became the official national currency of Thailand. The Kingdom of Thailand, formerly known as Siam, is a country in South-east Asian known for its beautiful beaches and world famous temples. The country’s economy is newly industrialised and well-developed when compared to some of the other parts of SE Asia, such as Cambodia or Laos. In 2019 Thailand had the 8th highest GDP of all the Asian countries, and in the same year, the SWIFT network revealed THB was the 10th most used payment currency in the world.
Choosing the best service provider
When considering how to send money Thailand from Malaysia there are some key aspects of the transfer to consider.
The cheapest provider we found is Wise at 7.71% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using Wise when transferring MYR to THB.
This means that by using Wise for online money transfers to Thailand from Malaysia, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access Wise for any reason, our comparison engine has found Instarem and WorldRemit also to be very good options when sending MYR - THB.
This recommendation was updated one minute ago.
The cheapest way to send money from Malaysia to Thailand
In order to avoid high fees, you should consider the cheapest way to send from Malaysia to Thailand.
Wise has been determined by our comparison engine to be currently offering you the cheapest rates possible.
Get the Best Rate and Sign Up for Rate Alerts Malaysia to Thailand
The fastest way to send money from Malaysia to Thailand
When sending money from Malaysia to Thailand, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send MYR - THB.
What payment methods are available when sending money from Malaysia to Thailand?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Thailand from Malaysia using credit card
To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your transfer to Thailand.
Sending money to Thailand from Malaysia using a debit card
With Wise you can send money online to Thailand using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Using a wire transfer to send money from Malaysia to Thailand
Bank and wire transfers are the most common ways of sending money Thailand as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use Wise to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Thailand. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Thailand.
When sending money to Thailand from Malaysia using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as Wise, Instarem and WorldRemit.
Considerations for a MYR - THB Currency Transfer
Before sending money to Thailand from Malaysia, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Thailand the more value you will get and more THB the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The MYR - THB exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 7.698751 and the lowest exchange rate margin is currently offered by Wise at 7.71% above the mid market rate.
Hidden fees & charges: Before sending money to Thailand, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers Wise, Instarem and WorldRemit will give insight here.
How to send money from Malaysia to Thailand at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send MYR to THB. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from MYR to THB in Thailand?
Your recipient has a few methods available to receive your money in Thailand. These will vary between providers, but it is possible to find services that will:
Deposit THB directly into a bank account
Enable the recipient to pick up cash a specific locations across Thailand
Deliver money directly to their door
Send THB to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Thailand, then they will usually need the following:
A government issued identification document such as passport, drivers license or Thai National Identification Card
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Malaysia to Thailand?
The amount of THB you can receive from Malaysia will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of THB that can be received in Thailand or sent from Malaysia before making your transfer.
About Money Transfers to Thailand from Malaysia
We’ve compared the best money transfer providers to send money from Malaysia to Thailand. The cheapest provider for MYR to THB transfers is Wise, while the fastest is WorldRemit.
|💰 Most transferred amount||1000THB +|
|💸 Cheapest provider (on average)||Wise|
|⚡ ️Fastest transfer time||In minutes with WorldRemit|
|💱 Currency Transfer Pair||MYR - THB|
|📈 MYR - THB mid market rate||7.698751|
|💳 Pay-in options in Malaysia||Bank transfer from Malaysia with Wise, Debit card with Wise, Credit card with Wise|
|💵 Pay-out options in Thailand||Bank accounts in Thailand, Debit card|
|🏆 Top 3 MYR - THB providers||Wise, Instarem and WorldRemit|