How to send money to Myanmar from Australia

Are you looking for the best way to send money from Australia to a family member, friend or business in Myanmar?

Recipients will get more kyats for the same amount of dollars if you send money to Myanmar from Australia using an online international money transfer service because of their competitive exchange rates and lower fees.

If you’re looking for a convenient, fast and cheap way to send money to Myanmar from Australia, online money transfer services are the way to go. This step-by-step guide explains how they work if you’ve never used one before.

1. Choose the best service for sending money to Myanmar. On this page, you can find reputable money transfer services that can help you send money to Myanmar.
2. Create an account. This will usually involve providing some personal information and proof of identification.
3. Set up the transfer. You’ll need to provide details of the recipient’s full name, address, bank account number (if that’s where you want funds delivered), and how much money to send. Depending on the service used, it may be possible to choose how funds will be delivered to the recipient.
4. Fund your transfer. You can make a bank transfer, use a debit card or pay cash, and in some cases you can use a credit card. Each method has different fees delivery times. Choose the one that is best for you.
5. Send the money and track the transfer. Once your transfer is initiated you’ll be able to track its progress and keep the recipient informed.

• Service fee. The amount a money transfer service charges to send your funds will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
• Collection fee. A fee charged if you want your recipient to be able to pick up cash.
• Delivery fee. An additional fee if you choose to have cash delivered to the recipient’s address.
• Cash advance fee. A fee charged by the credit card issuer when you fund a money transfer with a credit card. Interest charges are applied separately.
• Exchange rate. When you send money overseas, the exchange rate used by the transfer service can significantly impact how much your recipient will get.

There are a few different ways to send money to Myanmar if you do not want to use an online money transfer service.

• Bank transfer. Sending money with your bank may be easy, but it is typically more expensive, slower, and less flexible than an online international money transfer service.
• Crypto. If the recipient can accept crypto, this can be a very cheap and fast option. Sending a stablecoin means the recipient is not exposed to fluctuations in price, as they would if receiving Bitcoin or another token.
• Money orders. A paper money order is one of the oldest ways of transferring funds between people. Once you buy the money order it can be sent to the address of the recipient, who can then cash it in. Money orders are, however, comparatively slow.
• Money transfer agents. A money transfer agent is an option if you don’t have a bank account or want to use cash. Check that there is a money transfer agent near the recipient where they can collect their funds.
• Prepaid cards. It’s possible to load a prepaid card with cash and send it to the recipient, who can spend or withdraw the cash at an ATM. There are often limitations on how much money a prepaid card can hold, and there may be limitations on where it can be used in Myanmar.

How long does it take for money sent from Australia to arrive in Myanmar?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with an online money transfer service can arrive within minutes.

Can I send money to Myanmar if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Myanmar from Australia?

Yes, sending money to Myanmar from Australia is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Myanmar from Australia?

Yes, it is possible to purchase a money order in Australia and send it to Myanmar via postal mail or tracked courier. The recipient can then cash the money order at a bank, credit union, local post office or similar agency.

Can I use my credit card to send money to Myanmar from Australia?

Yes. Some transfer services will allow you to fund a money transfer to Myanmar with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Myanmar from Australia?

The Central Bank of Myanmar has announced it does not acknowledge cryptocurrencies as official currency, and anyone caught trading digital assets can be imprisoned or fined. Although there is no legislation forbidding the use of cryptocurrency, financial institutions cannot accept or facilitate transactions using digital currencies.