How to send money to Madagascar
Discover how to transfer money to Madagascar at the most competitive cost in four easy steps
1. Check the MGA mid-market rate against your own currency
Although the evolution of the currency market is uncertain, it can help you save money to follow it so that you can optimize how many you will receive for your money. Frequently check the evolution of the Malagasy ariary mid-market and convert your money when the MGA rate gets to a specific level.
2. Find the optimal deal by comparing the available options.
We compare quite a few providers to make money transfers to Madagascar, such as Western Union, MoneyGram, OFX, Xendpay, Azimo. Picking the best money transfer provider from the available options is a sure way to save on fees and exchange rate.
3. Select the best money transfer company for your transfer
Do you want to make a transfer to Madagascar with the most competitive provider, with the fastest provider or with the provider with the best ratings?
In addition, you may want to pay attention to the pay-in and pay-out methods. You may have the possibility to transfer the money by sending the money from your e-banking or by cards (credit or debit). On the other side of the transfer, look at different options if you need the money to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and start your transfer with the money transfer provider of your choice
Visit the money transfer provider's website to go through the sign-up process (you most of the time have to give information to prove your identity), and configure your transfer to Madagascar.