HOW DO YOU SEND MONEY FROM AUSTRALIA TO THAILAND?

Want to send money from Australia to Thailand? We all know that Thailand is a well-known tourist attraction worldwide, insisting many people from different countries make a Thailand trip with Thai currency in hand. Sending money across borders seems an easy task, but when dived into it practically, nothing is more challenging than this. In this guide, we will assist you in managing the key process of sending money internationally. The various methods and considerations that one must keep in mind while transferring the valued money are more crucial than the whole process itself.

From bank transfers to different online remittance service providers, numerous methods are out there for online customers to get the service at once. We will highlight the main features, fees and processing time with all the considerations and advantages of these platforms. Moreover, hidden fees and processing fees also play a vital role in the overall cost of your international transaction.

Keep reading the blog with all eyes and ears to get all the primary points stamped in your mind when transferring money from Australia toThailand.

The available methods in the globe:

Bank Transfers:

Transferring your money through the bank is a traditional method. You can transfer your valued money via your Australian bank account to Thailand swiftly in the time frame of some business days. However, you must have complete and accurate information about the recipient to avoid any future barriers.

Online Money Transfer Platforms:

The method of transferring your money internationally via online money transfer platforms is the easiest and quickest one. Try to choose an authentic platform like Speed Remit, TransferWise or PayPal to avoid any fraud or scam. Choosing a genuine and popular platform will definitely make your transactions hassle-free.

Cash Pick-up Services:

Some providers offer cash pick-up options at designated locations in Thailand. So, if you are interested in providing the amount as a cash payment to the recipient, then this method is best for you. However, this method is not as convenient as other methods, resulting in less traffic on these cash pick-up service providers.

Steps to Transfer Money from Australia to Thailand:

Select a Reliable Money Transfer Service:

Research and select a reputable service, considering banks, online platforms, and remittance providers.

Create an Account:

If using an online platform, create an account by providing necessary personal information and verifying your identity.

Select the Transfer Method:

You can choose between bank transfers, online transfers, or cash pick-up services based on speed, cost, and convenience.

Enter Recipient Details:

Provide complete recipient details, including full name, contact information, and bank account details if applicable.

Specify the Amount and Currency:

Clearly state the amount and select the desired currency for the recipient.

Review and Confirm:

Double-check all entered information, transaction fees, and exchange rates before confirming the transfer.

Common Issues to Avoid:

Ignoring Exchange Rates:

The exchange rate is the first step to look for if you want the maximum amount in your recipient’s hand. Never ignore the exchange rates and try to compare them before any transaction, as different platforms offer different exchange rates when transferring money from Australia to Thailand.

Neglecting Processing Fees:

To avoid any unexpected cost-cutting, try to search for any further hidden fees besides processing one. Many platforms fail to maintain the trust of the customer because of their unanticipated extra hidden charges for your transaction from Australia to Thailand.

Providing Inaccurate Information:

Most of us make mistakes while providing accurate and complete information about the recipient, which contributes to delay and further complications in future. So, always provide accurate information to enjoy an error-free transaction from Australia to Thailand.

Wrapping it up:

When you go for the online transaction of your valued money, you will overcome many obstacles. All these obstacles are discussed above, like the reputation of the financial institution, processing time, exchange rates, processing fees and many more. Go for the best ones like Speed Remit, TransferWise or PayPal to enjoy error-free transactions from Australia to Thailand.