Sending Money to Thailand? How to Use Wise Effectively

Sending money from the UK to Thailand is a common requirement for various reasons, including family support, tuition fees, or personal transactions. Wise has become a popular platform for international transfers due to its low fees and transparent exchange rates. Some users also explore alternative services for faster local payouts, such as Panda Remit, which occasionally offers fee-free promotions and referral bonuses.

Can You Send Money to Thailand with Wise?

Wise supports sending Thai Baht (THB) from the UK, offering a reliable solution for international money transfers. Key benefits include:

• Mid-market exchange rates: Wise provides real-time, fair rates without hidden markups.

• Transparent fees: A standard bank transfer of 100 GBP incurs approximately 7.06 GBP in fees, with the current rate around 1 GBP = 43.7608 THB.

• Delivery options: Transfers can be sent directly to a bank account.

While Wise is efficient for traditional bank transfers, some users explore Panda Remit for flexible payout options and occasional promotional campaigns.

How to Send Money with Wise – Step by Step

Wise makes sending money straightforward. Follow these steps:

1. Create an account: Sign up on the Wise website or mobile app.

2. Verify your identity: Upload required documents to comply with regulatory standards.

3. Enter transfer details: Specify the GBP amount and the recipient’s Thai bank account information.

4. Pay for the transfer: Choose a payment method (bank transfer or debit) and confirm.

5. Track your transfer: Wise offers live tracking so both sender and recipient can monitor progress.

Alternatives like Panda Remit also allow transfers to mobile wallets, which can be convenient for recipients without bank accounts.

Wise Transfer Fees and Exchange Rates

Wise uses the mid-market rate for currency conversion and a clear, transparent fee structure. For instance, sending 100 GBP to Thailand yields approximately 4,376 THB after a 7.06 GBP bank transfer fee.

While Wise provides consistency and transparency, other apps like Panda Remit occasionally offer zero-fee transfers or promotional incentives, providing alternative cost-saving opportunities.

Transfer Speed and Delivery Options

The speed of Wise transfers depends on the chosen delivery method:

• Bank deposits: Typically completed within 1–2 business days.

• Faster transfers: Some payments process within hours depending on bank processing times.

For near-instant delivery, services such as Panda Remit offer same-day or instant transfers to local mobile wallets.

Tips for Choosing the Best Transfer Service

Consider these factors when selecting a service to send money from the UK to Thailand:

• Cost: Compare fees and exchange rates. Wise offers transparent and competitive pricing.

• Speed: Depending on urgency, some services provide instant payouts.

• Convenience: Features like mobile wallet compatibility or recurring transfers can enhance usability.

• Security: Ensure the provider is regulated and employs strong encryption protocols.

Many users combine Wise for reliable, transparent transfers with Panda Remit for promotional advantages or instant wallet transfers.

Conclusion

Wise is a secure, transparent, and efficient method to send money from the UK to Thailand. With mid-market exchange rates and upfront fees, planning your transfer is simple, and tracking ensures peace of mind. For occasional promotions or instant mobile wallet transfers, Panda Remit serves as a complementary choice. Combining these platforms helps meet various international money transfer needs effectively.