Making international payments can often be difficult, confusing and expensive. These days there are several options available online that try to make this easier, but it is sometimes to know which to trust.

What is the best option?

Wise Money Transfers

When transferring money to Thailand, we recommend using Wise. Wise, formerly known as TransferWise, is a popular online money transfer service that allows you to send and receive money in different currencies at a low cost.

Unlike PayPal and many of the other well known money transfer services, Wise transfers money using current exchange rates with no additional mark-ups or hidden fees. All fees are clearly displayed up-front and are usually cheaper than the standard ATM fees here in Khao Lak.

Why use Wise to transfer money to Thailand?

1. Competitive Exchange Rates: Wise provides users with highly competitive exchange rates, often much better than traditional banks and money transfer services. By offering the mid-market exchange rate—without any hidden fees or markups—Wise ensures that you get the most value for your money. This is particularly beneficial when sending larger amounts, as even a small difference in exchange rates can make a significant impact.

2. Low and Transparent Fees: Wise keeps things simple by charging a small, transparent fee, which is clearly displayed upfront. Unlike traditional banks that often add hidden charges, Wise ensures that you know exactly what you’re paying for. The transparency in fees allows you to make informed decisions and plan your transfers more effectively.

3. Fast and Convenient Transfers: With Wise, transferring money to Thailand is not only cost-effective but also remarkably fast. While traditional bank transfers can take several days to complete, Wise offers speedy transfers, usually within one to two business days. Moreover, the process can be initiated and monitored online, from the comfort of your own home, without the need for physical visits to the bank or transfer agencies

4. Multi-Currency Account: Wise allows you to hold and manage money in multiple currencies, including Thai Baht (THB). By opening a multi-currency account with Wise, you can avoid unnecessary currency conversions and save on additional fees every time you send money to Thailand. This feature is particularly useful if you have recurring financial obligations in Thailand or if you frequently transfer money between different currencies.

How do I send money using Wise?

Transfer money to Thailand

Wise is a reliable and cost-effective option for transferring money to Thailand. By offering competitive exchange rates, transparent fees, and swift transfers, Wise simplifies the process and saves users both time and money.

Setting up a Wise account and transferring money usually takes only a few minutes. Just follow these simple steps…

1. Sign up for a Wise account: Begin by clicking here to sign up for a Wise account on their website or mobile app. The registration process is straightforward, and you will be required to provide some basic personal information.

2. Verify your identity: Wise adheres to strict security measures and regulations, which necessitate verifying your identity. Follow the instructions provided to complete the verification process. This usually involves submitting identification documents, such as a passport or driver’s license.

3. Enter transfer details: Once your account is set up and verified, enter the transfer details. Specify the amount and currency you wish to send, the currency you are sending from, and the recipient’s details in Thailand. Our bank details are automatically connected to our email address. Wise provides a clear breakdown of the fees and exchange rate applicable to your transaction.

4. Make the payment: After confirming the details, initiate the payment by transferring the funds to Wise through your local bank account. You can choose from various payment methods, including bank transfers, credit and debit cards (fees may vairy slightly depending on your chosen method).

5. Track the transfer: Wise provides real-time updates on the status of your transfer. You can monitor the progress of your transaction through your Wise account or by opting to receive notifications via email or SMS.

Can I use Resolute or PayPal?

Unfortunately, we are currently unable payments via Resolute or PayPal. Both Resolute and PayPal are often much more expensive (for both you and us) than Wise when it comes to transferring money internationally.

They have also had several issues over recent years connecting with Thai banks which limited their operations in Thailand significantly.

Also, Resolute do not currently offer business services in Thailand.

Can I pay with cash or card?

Yes, if it is not possible to pay online, cash and card payments can be made in our office. We are located on Nang Thong Beach Road, next to the Kokotel Resort.

However, it is important to remember that we have only very limited availability for our tours, and your booking can only be confirmed once we receive your payment. Therefore, we will always advise that it is best to book and pay in advance to avoid disappointment.

Also, it is worth remembering that many shops, restaurants and food stalls in town do not accept online or card payments. When it comes to shopping and eating in Thailand cash is king! Those who do will charge an extra 3% for the transaction fee. ATM machines will charge a 200-250 Baht withdrawal fee. These fees are on top of whatever currency conversion rates are already being charged by your own bank. So it is a good idea to keep your cash for when you need it. 

cash payment in thailand