Transfer Money to Thailand from Australia
Fast, low-cost, and secure online money transfers from Australia to Thailand
ASIC regulatedAustralian owned
ASIC regulatedAustralian owned
Sending Money to Thailand with OFX
Sending money from Australia to Thailand used to be a hassle, but we're here to simplify it. S Money strongly recommends OFX for your transfer needs.
Known for its quick processing, transparently low fees, and excellent exchange rates, OFX ensures your Thai Baht arrives swiftly and securely, turning a daunting process into a breeze.
How it works
Set up an account with OFX
Get a quote to send money to Thailand
Confirm your details & pay for your transfer online
How to Send Money to Thailand with OFX
- Gather Recipient Details: Collect all necessary banking information from your recipient, including their full name as it appears on their account and the correct bank account details. Ensuring these are accurate will help your transfer arrive smoothly and on time.
- Set Up Your OFX Account: Create a free online OFX account to begin your money transfer online, or log in if you already have one. Once logged in, you can get a live quote for your transfer and see exactly how much your recipient will receive.
- Enter Transfer Details: Fill in your own details along with your recipient’s information, including the amount you wish to send and the currency conversion. OFX will show the transfer fees and exchange rate upfront, so you know the total cost before confirming.
- Send Your Money: Once everything is verified, send your funds to OFX. They will then securely transfer the money to your recipient, typically within 1–2 business days, depending on the recipient’s bank.
- Log In to Your Account: Access your OFX account by logging in. If you don't have an account, you can create one for free.
- Select 'Send Money': Navigate to the 'Send Money' section on the dashboard to begin a new transfer.
- Choose Currencies: Select the currency you're sending from (e.g., USD, GBP) and the currency you're converting to.
- Enter Amount: Input the amount you wish to send. OFX will display the exchange rate and the recipient's amount after conversion.
Recipient's Details:
- Recipient's Name: Ensure the recipient's name matches the name on their bank account to avoid delays.
- IBAN and BIC/SWIFT Code: For transfers to Thailand, you'll need the recipient's Bank Identifier Code (BIC/SWIFT) and the recipient's full local Thai bank account number.
- Additional Information: In some cases, you may be asked for the recipient's bank name and address.
Understanding the Fees and Exchange Rates
Transparent Fee Structure:
- Transparent Fee Structure: OFX offers competitive rates with no hidden fees. The exact fee structure may vary based on the currencies involved and the amount being transferred.
- Real Exchange Rates: OFX provides real-time exchange rates, ensuring you get the best value for your money.
- Bank Transfer: Fund your transfer by transferring money from your bank account to
- OFX. This is often the most cost-effective option.
- Other Payment Methods: Depending on your location and the currency, other payment methods may be available.
Review Transfer Details:
- Review Transfer Details: Before confirming the transfer, review the summary of your transaction, including the amount sent, fees, exchange rate, and the recipient's amount.
- Confirm and Pay: Complete the payment using your chosen method.
- Real-Time Tracking: OFX provides real-time tracking of your transfer.
- Notifications: Receive email notifications at each stage of the transfer process, from initiation to completion.
- Tracking Link: Use the unique tracking link provided to monitor the progress of your transfer.
- Direct Bank Deposit: The recipient in Thailand will receive the full amount directly into their bank account.
- No Recipient Fees: OFX does not charge additional fees on receipt, ensuring the recipient gets the full amount sent.
- Bank Processing: The money is deposited directly into the recipient's bank account, typically within 1-2 business days.
OFX as Our Featured Money Transfer Partner
Benefits: OFX offers bank-beating exchange rates, which are typically more favorable than traditional banks. The platform is designed for fast and transparent transactions, making it advantageous for those living abroad or traveling frequently.
Fees: OFX charges low, transparent fees that are a small percentage of the transfer amount. These fees are clearly shown upfront.
Speed: Transfers in many popular currencies can be completed within 1-2 business days.
Security: The company is committed to high-security standards, including multi-factor authentication (MFA) and encryption, to safeguard your funds and personal information.
Service Reach: OFX allows you to send, hold, and convert money in multiple currencies, offering account details in major currencies like CAD, USD, EUR, and AUD. This feature supports direct receipt of salaries, pension payments, and more. You can send money from Canada to 50+ countries.
Payment Options Offered by OFX
Bank Transfer
Generally the cheapest method for transfers. Although it may take longer than other methods, it provides the best value for your money
Debit and Credit cards
Allows direct bank transfers without leaving the OFX app, combining the cost-effectiveness of bank transfers with the convenience of direct debit.
Wire Transfer
While this method can fund transfers, it is usually more expensive and slower due to fees charged by intermediary banks.
Key Stats about OFX
User Base
- Established in 1998 and over 1 million customers globally
Transaction Volume
- 80 billion GBP in transfers made so far
Speed of Transfers
- Fast Transfers: Transfers typically arrive within 1-2 business days.
Security and Regulation
- Regulated Entity: OFX is regulated by financial authorities in multiple jurisdictions, including the Financial Conduct Authority (FCA) in the UK and the Financial Crimes Enforcement Network (FinCEN) in the USA.
- Secure Transactions: OFX employs robust security measures, including two-factor authentication and encryption, to protect users' data and money.
Customer Satisfaction
- High Trustpilot Rating: OFX has a Trustpilot rating of 4.1 out of 5 stars based on over 197,000 reviews, reflecting high customer satisfaction.
- 24/7 Access: There is a 24/7 broker service available in the OFX app.
FAQs
When sending money internationally, you usually choose between the cost-effectiveness of a direct bank transfer and the speed of a debit or credit card payment. OFX simplifies this decision by ensuring every transaction, regardless of funding method, is backed by competitive exchange rates and a reliable, secure process, putting the safety of your funds first.
You can transfer money from Australia to Thailand with confidence, as OFX is a highly secure and regulated financial institution overseen by authorities like ASIC. They utilise bank-level encryption, multi-factor logins, and continuous transaction monitoring to ensure both your funds and personal information are thoroughly protected.
OFX generally strives to complete transfers within 1 to 4 business days. The processing time can vary slightly depending on the specific transfer method and the receiving bank.
You benefit immediately because OFX does not charge any transfer fees when sending money to Thailand, optimising your savings for both small and large amounts. OFX generates its revenue by including a minimal margin within the exchange rate offered, ensuring the overall cost remains highly competitive and transparent.
OFX offers exceptional flexibility with no strict minimum or maximum limits on personal transfers. This makes the service perfectly suited for sending anything from routine personal expenses to substantial amounts.
Compared to the traditional way of buying currency in person, ordering foreign currency online is usually cheaper. Online money changers like S Money don’t have high operational costs, which makes it easier to offer better exchange rates and lower fees. Buying foreign currency online is also a lot easier, providing you with this service at any time, which is very convenient.
Online money transfer services are typically cheaper and more convenient than traditional retail money changers. Retail stores incur high operational costs (such as rent, staffing, and insurance) that are often passed on to customers through wider exchange rate margins. Online providers bypass these large overheads, allowing them to offer more favourable exchange rates and lower overall fees. Learn more: Is It Cheaper to Buy Foreign Currency Online?
Determining the best time to send money is reliant on market fluctuations, but the crucial benchmark is the mid market rate. This rate is the true, interbank value of a currency pair, representing the rate before any service fees or margins are applied. OFX aims to provide rates extremely close to this mid-market figure, making their service a far more cost-effective solution than banks, which often add a much larger margin on top.
Once you confirm your transfer and the funds are received by OFX, you can easily track its status. OFX typically provides a tracking feature in your online account dashboard or via direct email updates, allowing you to monitor the transaction until the money is successfully credited to the Thailand recipient’s account.
Affiliate Disclosure
This page contains affiliate links. If you choose to sign up for OFX through one of these links, we may earn a small commission, at no extra cost to you. We only recommend services we genuinely believe offer value to our users.
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