How to send money to Dominica
Learn how to make a money transfer to Dominica with the best rate in 4 easy steps
1. See if the East Caribbean dollar conversion rate is in your favor
Even though the currency market is impossible to predict, it is a good idea to stay on top of it so that you can optimize how much your recipient will receive. Frequently check the evolution of the East Caribbean dollar mid-market and make your transfer when the mid-market rate is close to its highest level of the last few days.
2. Make your choice among the 9 money transfer providers available for transfers to Dominica and find the best option.
There are many money transfer companies to send money to Dominica, such as TransferWise, Western Union, MoneyGram, Xendpay, World First. You will save big by comparing them all and find the best option for your money transfer.
3. Select the best money transfer company with your own criteria
Pick service with the best rates and lowest fees, the quickiest transfer options, highest ratings, or a combination of these factors.
It is also important to take into account the pay-in and pay-out methods. You can have money transfer services allowing you to wire the money from your bank account, other providers will also accept cards. To receive the money in Dominica, you often have to decide if you want the converted amount to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and get started wih your transfer with the provider of your choice
Now, simply complete the sign-up form on the money transfer provider's website - be ready to provide a copy of your ID and/or a proof of adress - and get started with your transfer to Dominica.