Best Ways to Send Money From the US to Ghana in 2024

Sending money from the USA to Ghana can be done through a wide selection of companies. However, finding the most cost-effective option can be challenging. Fees vary significantly between providers and banks, and banks or popular mobile apps such as PayPal charge hidden exchange rate markups on cross-border transfers. These hidden fees can dramatically decrease the amount received by the recipient, a common frustration for those who often send remittances abroad.

In this article, we reference millions of searches from our comparison engine to recommend you the five best money transfer specialists for sending money from the US to Ghana. They will be far cheaper and faster than the big banks like Bank of America, Wells Fargo and others for getting the job done.

Use Monitos live comparison engine below to accurately find the most efficient and cost-effective methods for transfers from the US to Ghana in real time 👇

Best: Remitly

Remitly is one of the cheapest and most popular international money transfer services for sending money to Ghana. They offer fee-free transfer options, plus exchange rates that sometimes match the real mid-market exchange rate. You can choose from four delivery methods too: bank transfers, cash pick-up, mobile wallet, or cash delivery. With in-person pick-up locations across Ghana, Remitly is a reliable service for transfers from the US to Ghana.

• Cost /transfer: $0 fee + 1.2% exchange rate margin
• Cheapest: 33% of Monito comparisons from the US to Ghana in 2022
• Speed: Up to 1 business day
• Pay-in options: Credit/debit card
• Pay-out options: Bank deposit, cash pick-up, mobile wallet
• Transfer limits: $1 - $60,000
• More info: See our full Remitly review or visit the website.

2nd Best: MoneyGram

Moneygram has a long track record of delivering money from the US to Ghana. It's a time-tested and reliable choice because of its legacy and vast network of agents and locations, making it easy for your recipient to receive the money in cash. Moreover, Moneygram gives you multiple transfer options to choose from, including online, through its mobile app, or in person, allowing flexibility and convenience.

• Cost /transfer: $1.99 + 1-3%
• Cheapest: 50% of Monito comparisons from the US to Ghana in 2022
• Speed: 1-6 business days
• Pay-in options: Direct bank payment, credit/debit card, cash at location
• Pay-out options: Bank deposit, credit/debit card
• Transfer limits: Up to $15,000
• More info: See our full Moneygram review or visit the website.

3rd Best: WorldRemit

WorldRemit is a UK-based online remittance provider that offers the best way to transfer money from the US to Ghana — often offering the cheapest way to send money internationally to these countries. It supports many pay-in and pay-out methods including bank transfers and cash pick-ups.

• Cost /transfer: 1-7%
• Cheapest: 5% of Monito comparisons from the US to Ghana in 2022
• Speed: Up to 1 business day
• Pay-in options: Direct bank payment, credit/debit card
• Pay-out options: Bank deposit, cash pick-up, mobile wallet
• Transfer limits: Up to $10,000
• More info: See our full WorldRemit review or visit the website.

4th Best: Small World

Small World is a good choice for sending money from the US to Ghana because it offers decent exchange rates and a range of transfer options, including bank deposits and cash pickups, giving you and your recipient flexibility and convenience! Small World also has a strong reputation for fast and reliable transfers, and it has a vast network of agents and locations in Ghana, making it easy for the recipient to receive the money in cash there.

• Cost /transfer: 0.6% + $5.99
• Cheapest: 10% of Monito comparisons from the US to Ghana in 2022
• Speed: In minutes
• Pay-in options: Direct bank transfer, debit/credit card
• Pay-out options: Bank deposit, cash pick-up, mobile wallet
• Transfer limits: Up to $2,000 for card transfers
• More info: See our full Small World review or visit the website.

5th Best: Wise

Wise is a world-class option for sending from the United States to Ghana and sometimes ranks as the cheapest transfer provider on Monito for this corridor. Regardless of whether or not it's the cheapest at any given moment, though, according to the Monito Score, Wise is ranked as the best money transfer service, and its mobile app is rated the best, making them a safe bet in any instance!

• Cost /transfer: $5.09 + 0.58%
• Cheapest: 1% of Monito comparisons from the US to Ghana in 2022
• Speed: 1-2 business days
• Pay-in options: Debit/credit card, bank debit (ACH), wire transfer, Bill Payment
• Pay-out options: Bank deposit, mobile wallet
• Transfer limits: Up to $1,000,000
• More info: See our full Wise review or visit the website.

What's the Best Way to Transfer Money From the US to Ghana?

Ways to transfer money internationally to a Ghanaian bank account vary in terms of cost and speed. For emergency transfers, multiple options are available. To save on large transfers, we also provide cost-effective options for sending money from the US.

Wire Transfer

Wire transfer is a payment method in the US that allows for transferring funds electronically between bank accounts in different financial institutions, either within the US or internationally. The process typically involves a fee, and the sender must provide the recipient's account and routing number to complete the transfer.

• Fee for $1,000 to GHS transfer on Wise: $6.52

Debit Card Payment

Many international money transfer services accept debit cards, which are among the fastest and most convenient ways to send money abroad. They are not as cheap as bank transfers but are less expensive to process than credit cards.

• Fee for $1,000 to GHS transfer on Wise: $20.76

Credit Card Payment

Make quick and simple payments for your transfer with a credit card, such as Visa or Mastercard. These cost more to process than debit cards, but they are just as fast.

• Fee for $1,000 to GHS transfer on Wise: $48.32

ACH Payment

ACH ('Automated Clearing House') is a type of bank transfer that takes 1 to 2 business days to complete. ACH is used for a wide range of transactions, including direct deposits of payroll and Social Security benefits, as well as for making payments such as utility bills and mortgage payments

• Fee for $1,000 to GHS transfer on Wise: $9.32