How to send money to Benin
Discover how to make a money transfer to Benin with the best providers with these 4 steps
1. Check the XOF mid-market exchange rate against the currency you want to send
Even though the evolution of the currency market is fluctuating, it never hurts to stay on top of it to optimize how many you will receive against your sending currency. It might be interesting for you to set-up our smart alerts to frequently check the XOF mid-market rate against your currency.
2. Compare the 9 providers available for transfers to Benin in order to select the best provider.
Monito compares 9 money transfer companies offering money transfer services to Benin, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Save money by comparing them all and select the best option for your transfer.
3. Pick the best money transfer company for your transfer
Which criteria is the most important for you? Overall cost, time for the money to arrive, user ratings? Examine the advantages and disadvantages before deciding which provider to use.
Another important aspect is to consider the payment solution and pay-out options. Providers often give you the choice to pay by sending the money from your e-banking or by debit or credit cards. On the other side of the transfer, choose if you need the money to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and get started wih your transaction to Benin with the company you selected
Go to the money transfer provider's homepage to go through the sign-up process - be ready to give an offical ID and/or a proof of adress - and set upyour money transfer to Benin.