How to send money to Mali
Learn how to send money to Mali at the lowest cost in 4 easy steps
1. Make sure the XOF exchange rate is interesting
Although the currency market is unpredictable, it is a good idea to keep an eye on it in order to optimize how much the recipient will get. Frequently check the CFA franc rate and convert your money at a favorable moment.
2. Go with the best deal by comparing the 9 available money transfer companies.
Monito's comparison engine lists quite a few companies to transfer money to Mali, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. You can save a lot of money by comparing all your options and select the most competitive one for your money transfer.
3. Choose the best provider that suits your needs
Do you want to send money to Mali at the lowest cost, as quickly as possible or with the top rated company?
In addition, it is important to consider the pay-in and pay-out methods. You may have the option to pay by transferring the money from your bank account or by debit or credit cards. On the recipient's side in Mali, choose if you need the converted amount to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transaction with the company of your choice
Go to the provider's homepage to complete the sign-up process - be ready to give an ID document and/or a proof of adress - and configure your money transfer to Mali.