How to send money to Armenia
Learn how to send money to Armenia at the best AMD rate in 4 easy steps
1. Check the AMD exchange rate against the currency you want to send
Even though the evolution of the exchange rate is unpredictable, it never hurts to monitor it to maximize how much you will receive against your sending currency. It's a good idea to use exchange rate email alerts to keep an eye on the evolution of the mid-market.
2. Find the best option by comparing all money transfer companies.
Monito's comparison engine lists 7 services offering money transfer services to Armenia, such as TransferWise, MoneyGram, Xendpay, Azimo, WorldRemit. Optimize your transfer by comparing them all and go with the best option for your upcoming transfer.
3. Pick the best provider for you
Do you want to make a transfer to Armenia with the most competitive provider, with the fastest provider or with the best rated provider?
In addition, you may want to consider the options to pay for the transfer and receive the money. You may have the possibility to pay by sending the money from your e-banking or by credit or debit cards. On the other side of the transfer, look at different options if you need the money to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and start your money transfer with the service of your choice
Visit the provider's website to complete the sign-up process - be ready to provide an ID and/or a proof of adress - and provide the details of your money transfer to Armenia.