How to send money to Kazakhstan
Discover how to transfer money to Kazakhstan with the best rate in 4 easy steps
1. Check if the KZT conversion rate is at your advantage
Converting your money on a date when the mid-market is higher than usual gives your more KZT for your money. Keep track of the Kazakhstani tenge rate and make your transfer when you can get a good exchange rate.
2. Compare 7 money transfer providers available for transfers to Kazakhstan in order to select the best option.
Monito's comparison engine lists quite a few providers able to send money to Kazakhstan, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Picking the most competitive company from the available options is a sure way to save on fees and exchange rate.
3. Select the best money transfer company with your own criteria
Select the provider with the lowest fees and best exchange rates, fastest transfer speed, best customer ratings, or other criteria.
Another important aspect is to pay attention to the payment solution and pay-out options. You will often find money transfer services giving you the option to wire the money from your bank account, some will also allow you to pay with your credit and debit cards. To receive the money in Kazakhstan, look at different options if you need the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your money transfer with the company you selected
It is now time to register on the provider's homepage (you usually have to upload some documents to confirm your identity), and provide the details of your transfer to Kazakhstan.