thailand
Ask question

What are the best options for transferring AUD to THB, besides Wise?

Money TransferExchange RatesAustralia to ThailandWiseThai BahtLong-term VisaBank Transfer LimitsExpats in Thailand
Jun 20, 2023
a year ago
Youssef ******
ORIGINAL POSTER
Hi everyone, need recommendations on best money transfer for Australian dollars (AUD) to Thai baht THB):

I recently got a long-term visa and want to transfer about 10k to 30k AUD (from my Australian bank account) to Thai Baht (to my Thai bank account).

I'm using Wise right now, but does anyone know if there is a better alternative to get a better exchange rate?

Kopkun krub.
2,763
views
8
likes
69
all likes
35
replies
2
images
22
users
TLDR : Answer Summary
The user is seeking recommendations for transferring Australian dollars (AUD) to Thai baht (THB) after receiving a long-term visa. They are currently using Wise but wish to know if there are better alternatives for achieving a better exchange rate. Various commenters have recommended Wise for its speed and transparency, mentioning that while other options may offer slightly better rates, they often lack clarity regarding fees. Some participants shared experiences with traditional bank transfers and other services, emphasizing that Wise generally provides competitive rates and efficient service.
Wayne *****
Wise is the go.
a year ago
Like
Reply
Dan ********
Stick with Wise,it's the best overall option
a year ago
Like
Reply
Steve ***********
Do you know any Thais in Australia? I'd so, many Thais in Australia want AUD. I exchanged AUD with a Thai contact in Australia at the spot rate and they transferred the THB into my bank account in Thailand.
a year ago
Like
Reply
Steve *******
I use Own Money

*********************************


Money normally in my account within a couple of hours
a year ago
Like
Reply
Thomas *********
Wise uses mid bank rate and are excellent to deal with.
a year ago
Like
Reply
Phil ******
@Youssef *****
 wise is best for me
a year ago
Like
Reply
Sam *****
My friend mentioned when he was back in Australia, he just went into the commonwealth and transferred $40k. Only cost him $30. Also had to be reported to gov cause over $10 k. But you have to do that on all transfers over $10 k in Oz anyway.
a year ago
Like
Reply
Alistair **********
@Sam ****
 the commbank exchange rate would be horrible. You can get it exchanged at your local Thai bank and negotiate a rate with the manager beforehand, but I don't know if it's worthwhile on a small transaction
a year ago
Like
Reply
Sam *****
@Alistair *********
 yeah not sure about that, probably I think he was locked out of his wise account and had to get it happening quick.
a year ago
Like
Reply
John ***********
@Sam ****
 I registered for Wise but was turned off using it by the number of comments I read about people having their accounts frozen. I use Bahtsmart for smaller transactions Australia to Thailand. Not as good a rate but the money arrives within an hour and there is no prospect of being locked out of your account. One day I will try Wise when a delay or non arrival of funds is not an issue.
a year ago
Like
Reply
Brian **********
@John **********
 I love Wise and have used it for years with no issues.
a year ago
Like
Reply
Reply to
Brian **********
Reply
Keith *******
@Sam ****
 but 40,000 at a less than the going exchange rate can be very expensive, some banks you get 1 baht less
a year ago
Like
Reply
Reply to
Keith *******
Reply
Jae *******
How do so many people hear "krub"?

Must be something wrong with my hearing...
a year ago
Like
Reply
Brandon ************
@Jae ******
 different dialects and different emphasis. You drop the r to be more informal to people you know. But if you want to be formal you enunciate strictly to the spelling.
a year ago
Like
Reply
May ************************
@Jae ******
 Krub for men say , Kha for women say all polite
a year ago
Like
Reply
Jae *******
@May ***********************
 Yes, understand the difference
a year ago
Like
Reply
Reply to
Jae *******
Reply
Alistair **********
@Jae ******
 there's ways words are meant to be pronounced and then there's how it actually sounds when spoken. It's part of why foreigners often don't sound natural when they speak thai
a year ago
Like
Reply
Jae *******
@Alistair *********
 I still struggle with getting the tone right, I must admit.
a year ago
Like
Reply
David ********
Jae Brett it's not just tone - the vowel and consonant sounds in Thai are different than the sounds in western languages. They are formed in different parts of the mouth. I don't speak Thai but I believe that people should not use western letters to learn Thai - they should learn the Thai written language first and learn the Thai sounds for the Thai "alphabet". Also the learn Thai with Thai method looks seems interesting. (Note I learned this from Stuart Jay Raj both from his online "lectures" and his book about learning the Thai language.
a year ago
Like
Reply
Reply to
David ********
Reply
Todd *********
Wise is still the one. But currency exchange is gonna hurt no matter what
a year ago
Like
Reply
Richard *********
for that much i'd be willing to bet use ur banks swift to transfer to ur thai bank
a year ago
Like
Reply
Tony ************
Wise, is the quickest easiest and cheapest.
a year ago
Like
Reply
Keith *******
Overall with fees, exchange rate and service Wise cannot be beaten, the question you asked about the exchange rate then wise is top as you virtually get the full going rate, maybe the fees are slightly higher though but not by much.
a year ago
Like
Reply
Ling *****
@Keith ******
 This, I am unable to find any better either.👍
a year ago
Like
Reply
Reply to
Ling *****
Reply
Paul *******
I use Wise. Check to see if your Australian bank has a daily transfer limit. My ANZ has a daily transfer limit of $10,000
a year ago
Like
Reply
James ************
Unless you're with a certain bank. 50k baht a day is the max with wise. I forget which bank though.
a year ago
Like
Reply
Gino *********
@James ***********
a year ago
Like
Reply
Brandon ************
@James ***********
 SCB, Bangkok Bank and Kasikorn. And it's 50,000 per transfer not per day.
a year ago
Like
Reply
James ************
@Brandon ***********
 meant to reply to the other guy lol.
a year ago
Like
Reply
James ************
I've seen that warning before. But I was told some banks only allow 50k
a year ago
Like
Reply
James ************
@Brandon ***********
 I tried a couple weeks ago. And it only allowed me to do 50k. I tried doing 90k and it wouldn't let me. But I sent 49k then the rest later no problem.
a year ago
Like
Reply
Reply to
James ************
Reply
Brandon ************
There's many options. Some will offer a little better exchange rate but not much. And many are less clear about the fees than Wise. So you might transfer but not quite sure about the exact amount that will arrive which Wise tells you up front.

I don't know about other currencies but Wise has a comparison tool for USD.

Also Wise was a lot faster than when I tried MoneyGram which took almost a week.
a year ago
Like
Reply
Garrett ***********
Does wise have a bad exchange rate?
a year ago
Like
Reply
Keith ************
@Garrett **********
 no, they don't have a high exchange rate. They use the mid-market exchange rate.
a year ago
Like
Reply
Garrett ***********
@Keith ***********
 Exchange rate is exactly what the Google rate is.
a year ago
Like
Reply
Reply to
Garrett ***********
Reply
Thai Visa Advice and Everything Else
... members · 60% approval rate
The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.
Join the Group
Thai Visa Advice and Everything Else
View the Conversation
Thai Visa Advice and Everything Else
What are the cheapest ways to transfer money from an Indian bank account to a Thai bank account?
54 comments
2 months ago
What are the best methods to transfer money from Australia to a bank account in Thailand?
22 comments
3 months ago
What are the best methods to transfer money to Thailand while avoiding high fees?
74 comments
6 months ago
What are the best apps for sending money to Thailand besides Wise?
61 comments
6 months ago
Is WISE the best option for transferring money to a Thai bank account?
100 comments
7 months ago
Is Wise a reliable service for transferring money from Australia to Thailand?
31 comments
7 months ago
What are the pros and cons of using Wise for transferring money to Thailand compared to bank transfers?
55 comments
8 months ago
What is the best way to send money from the UK to Thailand: in Baht or Pounds Sterling?
50 comments
a year ago
What are the best banks and methods for online money transfers to Thailand as an expat?
62 comments
a year ago
Is it better to withdraw cash from a local ATM in Thailand or transfer funds using Wise?
50 comments
a year ago
What are the best alternatives to Wise for transferring money between the US and Thailand?
95 comments
a year ago
What are the options for transferring money cheaply into Thailand from a Wise account without a Thai bank account?
26 comments
a year ago
Is Wise a better option than Revolut for transferring money to Thailand?
52 comments
a year ago
What are the best Thai banks for expats using Wise to transfer money?
128 comments
a year ago
Should I use Wise or Bangkok Bank for transferring money to my account in Thailand?
39 comments
2 years ago
What is the best way to transfer funds to Thailand for visa purposes and minimize costs?
290 comments
2 years ago
Is Wise (formerly TransferWise) a reliable service for transferring money to Thailand from Switzerland?
75 comments
2 years ago
What are the best options for transferring money from the US to a Thai bank account?
14 comments
2 years ago
What are the best and cheapest options to transfer money from the UK to Thailand?
156 comments
2 years ago
What are some alternatives to Wise for transferring money from the USA to a Thai bank?
70 comments
2 years ago
Which money transfer app offers the best deal for sending money to Thailand?
26 comments
2 years ago
What are the best alternatives to Wise for sending money from Thailand to a US bank account?
20 comments
2 years ago
Is it cheaper to transfer money to Thailand using Wise or a bank wire transfer?
62 comments
3 years ago
What are the best ways to send money to Thailand while avoiding high fees?
137 comments
3 years ago
What are the best money transfer services for sending money to Thailand?
71 comments
4 years ago
Data protection policyTerms and conditionsDisclaimerPrivacy policyRefund policy
The asq:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.