How to send money to Dominica
Find out how to make a money transfer to Dominica at the best rate in 4 easy steps
1. Check the XCD mid-market exchange rate against your own currency
Although the evolution of the currency market is uncertain, it is a good idea to follow it to maximize how much your recipient will receive. Keep track of the East Caribbean dollar rate and make your transfer when the rate is at its highest level of the past days.
2. Compare 10 companies available to send money to Dominica in order to find the best deal.
We list quite a few providers to transfer money to Dominica, such as TransferWise, Western Union, MoneyGram, Xendpay, World First. Selecting the right service from the more than 10 available options is the best way to save on fees and exchange rate.
3. Select the best service that suits your needs
What do you value the most? Price, time for the money to arrive, number of positive evaluations? Balance the pros and cons of the different options before deciding which provider to use.
It is also interesting to consider the options to pay for the transfer and receive the money. You may have the option to pay by bank transfer or by credit or debit cards. To receive the money in Dominica, you can decide if your want the money to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your transaction to Dominica with the company you selected
It is now time to sign up on the money transfer provider's online portal (you most of the time have to give documents to confirm your identity), and get started with your money transfer to Dominica.