Ways to Send Money Home from Thailand (For Burmese, Cambodian, and Lao Work

For many Burmese, Cambodian, and Lao workers in Thailand, sending money home to support family is a top priority. Finding a service that is reliable, safe, and offers low fees can be a challenge. Fortunately, several legal and convenient options are available to ensure your hard-earned money reaches your loved ones quickly and securely.

This guide explores the best ways to send money home, helping you choose the right service based on your needs.

Essential Rules for Safe Money Transfer

Before you send any money, always remember these crucial tips to protect yourself and your family:

• Use Licensed Services Only: Always choose a service that is officially licensed and regulated by the Bank of Thailand. Avoid unlicensed vendors, as they carry a high risk of scams, fraud, and legal issues.

• Compare Rates and Fees: A low fee might not always be the best deal if the exchange rate is poor. Always check both the exchange rate and the transaction fee before you send money.

• Keep Your Receipt: Always get a receipt or a transaction number. This is your proof of payment and is essential if you need to track the transfer or resolve any issues.

Top Remittance Options for Workers in Thailand

There are three main types of services you can use to send money home.

• 1. International Remittance Companies (Fast and Reliable)

  • Who they are: Companies like Western Union and MoneyGram have a large global network of agents.

  • How it works: You go to an agent location (often at a bank, post office, or convenience store), provide your ID and the recipient's details, and pay in Thai Baht. Your family can usually pick up the cash in their home country within minutes.

  • Best for: People who need to send money fast and whose family members do not have a bank account.

• 2. Modern Digital Services (Low Cost and Convenient)

  • Who they are: Apps and online platforms such as DeeMoney and Wise (formerly TransferWise).

  • How it works: You can use your smartphone to create a transfer and pay from your Thai bank account. The money is then transferred directly to your family's bank account or mobile wallet. These services are known for their competitive exchange rates and low fees.

  • Best for: Workers who have a Thai bank account and a smartphone.

• 3. Bank-to-Bank Transfers (The Official Way)

  • Who they are: Major Thai commercial banks like Bangkok Bank, Krungthai Bank, and Siam Commercial Bank have international money transfer services.

  • How it works: You can transfer money directly from your Thai bank account to your family’s bank account in their home country. Some banks have special partnerships that make transfers faster and cheaper.

  • Best for: Those with a Thai bank account and a recipient with a bank account in their home country. It is a highly secure option.

A Closer Look: Sending Money to Each Country

The best service for you might depend on where you are sending money.

• For Myanmar (MMK):

  • The Myanmar Kyat (MMK) has a fluctuating exchange rate. Always use official bank channels to get the best and safest rate.

  • Look for partnerships between Thai banks and major Myanmar banks (like AGD Bank or Ayeyarwady Bank) for direct and secure transfers.

  • Tip: Some licensed remittance services in Thailand specialize in the Thai-Myanmar corridor and offer good cash pickup options.

• For Cambodia (KHR):

  • Cambodia uses both the Cambodian Riel (KHR) and the US Dollar (USD). You may have the option to send money in either currency.

  • Services like Wing Money and ABA Bank in Cambodia are major partners for international transfers, making cash pickup quick and easy for your family.

  • Tip: If you have a family member who uses a digital wallet, ask if your remittance service can send money directly to their mobile wallet.

• For Laos (LAK):

  • The Laotian Kip (LAK) can be volatile. It is crucial to stick to licensed and regulated services to avoid losing money.

  • Most major Thai banks and remittance services can transfer money to popular banks in Laos, such as BCELand Lao Development Bank.

  • Tip: Bank-to-bank transfers are often the most reliable method for sending money to Laos.

Making the Best Choice for You

Before you choose a service, consider these four things:

1. Exchange Rate: Check the rate they offer. A small difference can mean a lot of extra money for your family.

2. Fees: Look for services with low or transparent fees.

3. Speed: Do you need the money to arrive instantly or is a day or two acceptable?

4. Method: Does your family need cash pickup or do they have a bank account or mobile wallet?

By using a safe, legal, and reliable service, you can be sure your hard work pays off for your loved ones back home.