How to send money to Armenia
Find out how to transfer money to Armenia with the best AMD exchange rate in a few easy steps
1. Check the AMD mid-market exchange rate against the currency you want to send
Although the evolution of the currency market is uncertain, it can help you save money to monitor it in order to maximize how much you will get for your money. Follow the mid-market exchange rate and validate your transfer at a favorable moment.
2. Compare the 8 money transfer providers sending money to Armenia to find the best option.
Monito's comparison engine lists quite a few services to make money transfers to Armenia, such as TransferWise, MoneyGram, Xendpay, Azimo, WorldRemit. Save money by comparing them all and find the most competitive deal for your transfer.
3. Pick the best provider with your own criteria
What do you value the most? Total cost, speed, customer reviews? Examine the pros and cons before selecting the provider.
You may also want to consider the pay-in/out methods. Local bank transfer, debit and/or credit cards are the most often available payment methods to send money to Armenia online. On the recipient's side in Armenia, you can decide if your want the money to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transaction to Armenia with the company of your choice
It is now time to sign up on the money transfer provider's website (you usually have to provide documents to confirm your identity), and get started with your transaction.