How to send money to Kiribati
Learn how to transfer money to Kiribati with the best exchange rate in a few easy steps
1. Check the AUD interbank exchange rate against your own currency
Although the evolution of the exchange rate is uncertain, it never hurts to monitor it to maximize how many the recipient will get. Track the Australian dollar rate and convert your money when the mid-market rate is close to its highest level of the last few days.
2. Go with the best deal by comparing the available services.
Monito's comparison engine lists many companies offering money transfer services to Kiribati, such as TransferWise, Western Union, Currencies Direct, CurrencyFair, OFX. Sending money with the best money transfer provider from the more than 24 available options is a sure way to save on costs.
3. Choose the best option with your own criteria
Do you need to send money to Kiribati at the lowest overall cost, as quickly as possible or with the best rated provider?
It is also interesting to consider the pay-in and pay-out methods. Providers often give you the choice to pay your transfer by transferring the money from your bank account or by cards (credit or debit). To receive the money in Kiribati, you can decide if your want the amount in AUD to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transfer with the service of your choice
Now, simply sign up on the money transfer provider's online portal - be aware you will often need to give an ID document and/or a proof of adress - and configure your transaction.