Making Transfers Seamless: 4 Efficient Ways to Transfer Funds from Thailand Abroad

In today’s fast-paced world, everyone is looking for ways to get jobs done faster and more efficiently. International businesses have been evolving and so have remittance options. Hence, international money transfers have become a common procedure.

Whether you’re sending money to support your family abroad, paying for services provided overseas, or managing your accounts abroad, ensuring that your funds are transferred securely and efficiently is of utmost importance.

If you’re in Thailand and need to transfer money overseas, here are four easy ways to ensure that your transactions go through without any trouble.

Wire Transfers: The Traditional Way

This is a traditional and safe way to transfer money abroad from Thailand. Bank wire transfer services are provided at local as well as international banks. All you need is the recipient’s bank details, such as Account Number and the International Banking Codes-SWIFT/BIC, and you can transfer money to bank accounts across the world.

While wire transfers seem safe and reliable, you should know that they involve higher transfer fees and take longer to reach the recipient’s account. Hence, this may not be the ideal option if you’re looking for quicker turn-around times.

Digital Payment Platforms: Quick and Easy

In recent years, the rise of digital payment platforms has paved the way for a whole new transformation in the way we transfer money across borders. Numerous payment platforms have gained popularity due to their efficiency, quick processing time, and competitive exchange rates. These platforms are easily accessible on your mobile phones and computers.

The customer creates an account by linking his bank account/credit card and can then transfer money anywhere across the world by providing the recipient’s details.

These platforms provide real-time currency conversion, so you can send money to the recipient and he will receive it in his local currency. Some platforms offer lower service fees and hence people mostly opt for this option over bank wire transfers.

Cryptocurrency Transfers: The Future is Now!

Cryptocurrencies have taken the world of economy by storm, in recent years. Many are now skilled in navigating the world of cryptocurrencies, so it has become a feasible option to send money from Thailand across the globe, with the use of Bitcoin or Ethereum.

Unlike the traditional banking systems, cryptocurrency transfers provide an appealing alternative. You can avoid the paperwork hassle and get the entire money transfer process done online. However, in this situation, both the sender and the receiver must possess a digital wallet. Prominent digital wallet companies such as Skrill and Paypal have proven to be safe and reliable.

Cryptocurrency transfers are relatively quicker and cost much lesser in terms of transfer fees. However, we cannot ignore the fact that this method poses a risk, as the digital asset value of cryptocurrencies are ever-fluctuating. So, the value of the funds transferred by you could decrease by the time it reaches the recipient. Also, Thailand has now imposed stricter rules and restrictions on the use of cryptocurrencies. So it could be a hindrance when using this option to transfer funds.

Global Money Transfer Services: Tailored for International Transfers

And lastly, we’d like to talk about the option for sending money from Thailand abroad through specialized remittance services such as Western Union, WorldRemit, MoneyGram, and DeeMoney. These companies focus mainly on providing easy, affordable and reliable international money transfers. These services operate through a large network of agents and partner locations across the world, allowing recipients to collect cash in their local currency.

They provide a convenient option for those who may not have a bank account. However, it's crucial to compare fees and exchange rates among different providers to ensure you're getting the best value for your transfers.

DeeMoney offers its customers quick and efficient money transfer services, with competitive FX rates and no hidden charges. We have integrated technology into our services and you can now send money from Thailand abroad, with the click of a button. Our Mobile App is convenient to access and easy to follow.

Download the app today: https://deemoney-neo.onelink.me/jPXs/y0l2vy3b

At the end of the day your choice of money transfer option depends on various factors such as the amount you wish to transfer, the urgency of the process, and the preference of both sender and receiver. You can explore each of the above mentioned options and then choose the one that best aligns with your specific needs.

DeeMoney

Customer support: 02 821 5555

LINE: @deemoney