How to Send Money to Thailand From the UK? 8 Simple Tips
By Space Coast Daily // May 17, 2022
Are you always finding it hard to get your loved ones to pay their bills on time? Or do they never seem to have enough money for a deposit on a new house or a proper Christmas this year? If so, you might want to consider moving to Thailand as your new home because these guys are crazy expensive.
Many people consider the cost of living in Thailand to be high when looking at the country’s ranking. However, if you take the time to look beyond the surface and consider what is being charged per person, you will likely find that it is one of the most affordable places in the world.
The good news is that now is an excellent time for those who can move there. Several major airlines allow travelers from Europe, Asia, and North America to transfer money directly into Thai Bahts. For those who cannot quickly leap to Thailand, here are simple tips on how to send money to Thailand from UK:
1. Don’t hesitate to ask your friends and family for help.
If you’re struggling to get your loved ones to cough up some money for a deposit on a new house or put up with the high cost of living, it might be helpful to consider asking them for help. They will be more than happy to oblige, but they may also have friends or family who can provide them with the necessary resources. This way, you won’t have to worry about any of this.
2. Use your visa powers to save money.
If you are looking to send money to Thailand through a visa-based process, you will be able to save a lot of money by doing so. By using your visa powers, you can quickly secure a much lower cost for your transfer than would be available through normal channels. This is especially helpful if you have specific family members or friends who live in Thailand and would like to help out with the bills.
3. Look at the Current Value of Your Money.
One of the most important things you can do when sending money to Thailand is to look at the current value of your money. This will help you figure out how much money you will need to be able to send a certain amount of money. Once you have determined the amount of money you will need, you will also need to find a bank authorized to process Thai Bahts.
Once you have found the bank, make a payment and wait for the funds to arrive in Thai Bahts. The next step is to transfer the money into your currency. You can do this using a Western Union or MoneyGram account. Once the money has been transferred, it is essential to review your bank account and ensure that everything is correct before waiting for the funds to arrive in Thai Bahts.
4. Look at the average cost of a home in Thailand.
The average cost of a home in Thailand is about $2,000. If you are trying to send money to Thailand for an average home, it will likely cost you more than just $2,000. So, you should always consider an average home that won’t require sending a lot of money at a go!
5. Make sure you know what currency you are getting.
Make sure you understand the currency you are receiving money in. This will help to ensure that you are not getting scammed or overcharged on your transfer. Check the bank account details carefully. Ensure you have correct bank account numbers and account types and that all information is accurate. Verify the clearing process. Make sure you get a clear and complete transfer from your bank account in Thailand to the bank account in your homeland.
6. Get a local friend to do the bank transfer for you.
When you are trying to transfer money to Thailand, it is essential to get a friend or relative who can do the bank transfer for you. However, this isn’t the most convenient cash transfer method between these countries. The best is to use an online money transfer service that delivers your money instantly. With services like Rewire, you are assured of a safe and convenient money transfer process.
7. Get a foreign exchange broker who can get you the best rate.
You must find a foreign exchange broker who can provide you with the best rate for exchanging money. This will ensure that you are getting the most bang for your buck when exchanging money.
8. Don’t be afraid to accept less money up-front.
If you’re looking to send money from the UK to Thailand on a short-term basis, be willing to accept less money. Thai Bahts are pretty strong, and there is no need to overspend on the initial payment. This way, you’ll have enough baht left over at the end of the transaction to cover any additional costs or fees associated with moving to Thailand.
If you’re looking to send money to Thailand, there are a few things you need to be aware of before doing so. First, it’s essential to consider the average cost of living in the country before purchasing. Next, think about the currency you will be sending money in – the Thai Baht is worth less than other currencies. Finally, get a foreign exchange broker who can get you the best rate on your transactions.