How to send money to Guinea-Bissau
Discover how to transfer money to Guinea-Bissau at the most competitive cost with these 4 steps
1. Check the XOF exchange rate against the currency you want to send
Although the currency market is unforseeable, it never hurts to stay on top of it in order to maximize how much you will get for your money. Track the exchange rate and transfer your money at a favorable moment.
2. Make your choice among the 7 companies available for transfers to Guinea-Bissau to find the best option.
Monito's comparison engine lists 7 providers to send money to Guinea-Bissau, such as TransferWise, Western Union, Xendpay, Azimo, WorldRemit. Optimize your transfer by comparing all your options and find the most competitive one for your transfer.
3. Select the best service for your needs
Which criteria is the most important for you? Total cost, time for the money to arrive, number of positive evaluations? Balance the pros and cons of the different options before selecting the provider.
It is also important to consider the pay-in and pay-out options. You often have the possibility to pay your transfer by bank transfer or by debit or credit cards. On the other side of the transfer, you often have to decide if you want the money to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and start your transfer to Guinea-Bissau with the money transfer provider you selected
Now, simply complete the sign-up form on the money transfer provider's homepage - be ready to upload an offical ID and/or a proof of adress - and provide the details of your transaction.