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Top 3 Money Transfer Providers for Australia to Thailand

Provider Amount Received Fee Exchange Rate Speed
OFX (prev. OzForex) OFX (prev. OzForex) THB ฿221,136.18 No Fee 22.1136 1-3 days more...
TorFX TorFX THB ฿221,582.92 No Fee 22.1583 1-3 days more...
Moneycorp Moneycorp THB ฿219,349.22 No Fee 21.9349 1-3 days more...
FXcompared Country Guides
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AUSTRALIA
The central bank does not target a specific value for the AUD Read More
THAILAND
There are no limits on the amount of money that can be transferred to Thailand or the amount of money that can be sent from Thailand Read More
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Send money from Australia to Thailand

Top 9 Money Transfer Providers

Latest prices for transferring money from Australia to Thailand
Exchange Rates as of 28 September 2020, 02:14

OFX (prev. OzForex)

Est. 1998
Celebrated international money transfer service connecting our customers when it matters most. Best-in-class global payments provider for people and businesses for over 17 years.
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Amount Received
THB ฿221,136.18
AUD $454.37
saved vs. banks

TorFX

Est. 2004

Excellent exchange rates | No transfer fees | Thousands of 5 star reviews 

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FXcompared Rating
Amount Received
THB ฿221,582.92
AUD $474.37
saved vs. banks

Moneycorp

Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
THB ฿219,349.22
AUD $374.37
saved vs. banks

WorldFirst

Est. 2004

Transparency and security | Great customer feedback rating from Feefo

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Amount Received
THB ฿222,253.03
AUD $504.37
saved vs. banks

Currencies Direct

Est. 1996

Great exchange rates | Specialist services | No added fees, 24/7 transfers | Safe and secure

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Amount Received
THB ฿221,582.92
AUD $474.37
saved vs. banks

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
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Amount Received
THB ฿221,136.18
AUD $454.37
saved vs. banks

Average Australia Bank

Est. 1800

Average of the top 9 Australian Banks costs as compiled by our own FXC Intelligence group

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Amount Received
THB ฿212,112.03
AUD $50.37
saved vs. banks

RationalFX

Est. 2005
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
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Amount Received
THB ฿221,359.55
AUD $464.37
saved vs. banks

Global Reach (formerly FC Exchange)

Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

More InfoLess Info
Amount Received
THB ฿221,359.55
AUD $464.37
saved vs. banks

How to Transfer Money from Australia to Thailand

What is in this guide

Australia to Thailand Guide

Summary

Thailand receives more than 900,000 Australian visitors each year, and has long been a popular destination for Australians travelling for tourism, business or foreign study programmes. Additionally, according to the 2011 Census, there are over 45,000 Thai natives living in Australia, which further encourages bilateral exchange. The AUD is freely convertible to the Thai baht, and there are no restrictions to transfer money from Australia to Thailand.

Visas

No visa is required for Australians who wish to visit Thailand as tourists for up to 30 days. Thailand is a top choice for its picturesque coastal landscape beaches, food and rich culture. In order to travel, your passport must have at least six months remaining validity. Australian tourists can only benefit from the visa exemption if they are travelling by air and have confirmed return travel arrangements. If Australians are entering Thailand by land from a border country, they will be permitted to stay for 15 days without a visa. For longer periods of stay, such as for study, diplomatic relations or business, Australians may stay up to a maximum of 90 days per entry. You must provide documentation detailing the reason for your visit directly to the Royal Thai Embassy. The cost of these visas ranges from AUD$35 to AUD$225.

Studying in Thailand

Thailand is becoming more popular for Australian students. This is especially the case with the New Colombo Plan, a state-supported scholarship programme that will support Australian students studying in Thailand and the broader region in 2015. On the other hand, Australia is an attractive destination for Thai citizens. In 2013, there were over 21,600 Thai students enrolled in Australian schools.

Working in Thailand

Australia and Thailand have long had solid bilateral partnerships in several areas, including international trade and non-trade sectors such as technology, law enforcement, science and technology, telecommunications, energy, social development, environment, culture, public administration and civil aviation. A memorandum of understanding between both countries in relation to a Work and Holiday visa allows for Thai and Australian natives to enjoy 12 months working holiday in either country. Australians who intend to work in Thailand will have to apply for a Non-immigrant Type B visa. Along with the application, expats will have to provide a letter from the Australian Thai embassy stating the specific purpose for their travel. There should also be a letter of invitation from the corporation or employer, in addition to a signed contract. The B visa is necessary for obtaining a work permit to legally work in Thailand.

Bilateral trade and investment

Australia and Thailand’s trade relationship has strengthened since the formation of the Thailand-Australia Free Trade Agreement (TAFTA) in 2005. Bilateral trade amounted to AUD$19.5 billion in 2013, which is $1 billion more than the previous year. Thailand ranks as Australia’s eighth-largest trade partner in goods and services, and its second-largest partner within the ASEAN zone. In 2013, Australian investment in Thailand amounted to more than $2.8 billion.

Charities

One of the main reasons to transfer money from Australia to Thailand has been influenced by the two countries’ cooperation in regional development. Up to November 2003, Thailand was a major recipient of aid from organisations in Australia’s private sector, as well as the Australian government. Since 2003, however, Thailand has been able to offer more aid than it receives. Nevertheless, the country still benefits from Australian programs aimed at combating labour rights, disaster management, human trafficking, health and economic integration.

Banking and money

Thailand has a modern, efficient and reliable banking system. The most popular banks for expats include the Siam Commercial Bank and Kassikorn Bank or K-Bank. Many bank branches have English-speaking personnel who can offer assistance to Australians. Having a work permit will make it easier to open a bank account in Thailand. However, if you want to get higher interest rates on your money and pay lower taxes, it is recommended that you open an offshore bank account with a Thai bank. This will make it easier to transfer money internationally online between the two countries. Local credit is also fairly accessible for Australians who are living in Thailand for a longer period of time.

Taxes

Australia and Thailand have a double taxation avoidance agreement on such aspects as income tax, petroleum tax for Thailand and in the case of Australia, the income tax and resource rent tax. Australian business people or expatriates can invest in mutual funds, stocks or bonds in Thailand through a local bank, and also qualify for tax deductions. Australians who work in Thailand for more than 6 months will have to pay taxes on any income earned within the country. On the other hand, Thai residents are taxed on both income earned within the country as well as any income earned outside of the country.

Pensions

Australians retiring in Thailand may collect their state pensions from Australia by way of an international currency transfer to a Thai bank account quite easily. However, pensions from private companies will have to be routed through an offshore account.

Travelling with your pet

If you intend on bringing your pet with you to Thailand for more than 6 months, you can declare it as a part of your carry-on as long as you take care of a few considerations. These include filling out an authorization of transit form as well as a form giving you permission to take animals into Thailand. There are fees associated with each form. You will also need to provide certification that your pet has been examined by a registered veterinarian and is free of infectious diseases.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from Australia to Thailand. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.