How to send money to Cameroon
Learn how to transfer money to Cameroon at the best rate in a few easy steps
1. Check the XAF mid-market rate against your sending currency
Even though the evolution of the exchange rate is unforseeable, it can help you save money to stay on top of it so that you can optimize how much the receiver of the transfer will get. It's a good idea to set-up our smart exchange rate alerts to stay updated about the evolution of the mid-market.
2. Compare 7 money transfer companies sending money to Cameroon and select the best option.
3. Choose the best provider with your own criteria
Do you need to send money to Cameroon at the lowest cost, as quickly as possible or with the top rated company?
In addition, you may want to pay attention to the pay-in/out methods. You will often find money transfer companies giving you the option to pay by bank transfer, some will also accept credit and debit cards. On the recipient's side in Cameroon, you often have to decide if you want the money to be deposited on a local bank account or received in cash (from an agent location).
4. Sign up and get started wih your money transfer to Cameroon with the money transfer provider of your choice
Now is the time to sign up on the money transfer provider's website (you usually have to upload some information to prove your identity), and configure your money transfer to Cameroon.
How to Send Money to Cameroon
Thousands of people like you send money back to Cameroon every week. With hundreds of thousands of Cameroonians living outside Cameroon, everyone needs an easy and inexpensive way to send West African CFA francs back home to benefit family, friends and others.
Banks in neither your adopted country nor Cameroon have the best fees or exchange rates for converting money into CFA francs. That’s why it’s vital to compare all of your options for sending money back to Cameroon so your francs can go further. Whether you want to make a one-off currency transfer or you need to send money regularly, we can help you find the best options.
People from Cameroon send around $250 million West African francs back home each year. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save you hundreds of francs a year.
We want to stop you from overpaying, and we make it easy to compare the best-value options for money transfer, or select one of our recommended currency providers.
I Want to Transfer Money to Cameroon, but Which Provider Should I Use?
There are plenty of options for sending money back to Cameroon. Here at Monito we cover all the popular specialist money transfer providers and banks for converting your money into francs and sending it home.
We know there are lots of ways to transfer currency to Cameroon, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best money transfer provider for you will depend on several aspects like how much you are sending, where you are sending from, the currency you are exchanging into francs and some other factors.
We take all of those details into account when recommending the best way to send money to Cameroon. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Cameroon from France, Australia, Nigeria or the US.
For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We also provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send francs back to Cameroon. Learn more and sign up here.
People from Cameroon send around $250 million West African francs back home each year.
The Best and Cheapest Ways to Send Francs to Cameroon
There are several good options for currency exchange, depending on how the person you’re sending money to wants to get access to their francs.
Sending Less than $200 in Francs to a Bank Account in Cameroon
If you want to send money to a bank account in Cameroon, we recommend using a specialist currency provider. If you’re transferring under $200 or equivalent, your best options include WorldRemit or Azimo.
Sending More Than $200 in Francs to a Bank Account in Cameroon
If you’re sending more than $200, we recommend WorldRemit or Azimo.
Banks that You Can Transfer Francs to in Cameroon
You can normally arrange to send francs to any of the following banks: Atlantic Bank Cameroon, Banque International du Cameroun pour l'Epargne et le Credit (BICEC), National Financial Credit Bank, Societe Generale des Banques au Cameroun (SGBC), Union Bank of Cameroon (UBC), United Bank for Africa and more.
Cash Pick-Up Locations in Cameroon
Some of these banks are also popular locations for picking up francs that you have transferred. If the beneficiary wants to collect francs as cash in Cameroon without going through a bank, then providers like MoneyGram, WorldRemit or Azimo are good options. You can find links to them elsewhere on this page.
WorldRemit lets recipients collect cash from any of the following locations:
- Express Union
- Credit Populaire
- Banque Atlantique
- Express Exchange
If you have any questions about sending francs to Cameroon, we’re happy to help. Get in touch with us now.