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.
When considering how to send money Thailand from United States there are some key aspects of the transfer to consider.
The cheapest provider we found is XE - Remit at % Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring USD to THB.
This means that by using WorldRemit for online money transfers to Thailand from United States, 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 WorldRemit for any reason, our comparison engine has found Wise and XE - Remit also to be very good options when sending USD – THB.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from United States to Thailand.
XE - Remit has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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When sending money from United States 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 USD – THB.
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.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to Thailand.
With WorldRemit 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.
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 WorldRemit 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 United States 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 WorldRemit, Wise and XE - Remit.
Before sending money to Thailand from United States, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send USD to THB. After that it’s just a process of making your transfer via the following steps:
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:
If your recipient is going to collect or have the money delivered to them in Thailand, then they will usually need the following:
The amount of THB you can receive from United States 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 United States before making your transfer.
April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.