Thailand Money Transfers
Transfering money to Thailand , whether for emigration, imports, or sending money to a family member, using a regulated currency broker is fast, simple and safe. For a live quote on your money transfer, fill in your details on the form above and an FSA-regulated currency company will be in touch.
Making Thai Money Transfers
Bank Details Required
You will need the following information to make a money transfer to Thailand:
- Beneficiary name
- Account Number
- Swift Code or Routing instruction
- Bank name
Transfer Time for Thai Money Transfers
Thai money transfers are usually received the day after transmission. If you are using a currency company for sending money to Thailand, you should find funds arrive the next day after you have settled in sterling with your provider. In some cases Thai banks may take one extra day to physically clear funds to the final beneficiary account.
Charges and Exchange Rates
The cost of international money transfers can be broken down into 2 sections: transfer charges, and exchange rates. Banks normally charge around £30 for a transfer, and also make up to 4% by 'loading' the exchange rate applied to a transaction.
Both these costs can be reduced by using a currency broker. Usually transfer charges are much less (or free), and the exchange rate should be much closer to the market rate. Please see our dedicated page on Thai Baht exchange rates for more information, or submit the enquiry form above to be put in touch with a currency company who can help you with a preferential exchange rate for your transfer.
There may also be a small charge made by the receiving bank, to process and credit the payment to the Thai bank account, and/or the routing bank, which is an intermediary used to route the payment through the international banking network to the recipient bank.