How to send money to Mali
Find out how to send money to Mali with the best rate in a few easy steps
1. Check the XOF exchange rate against your sending currency
Even though the evolution of the currency market is unpredictable, it is a good idea to stay on top of it to optimize how much you will receive for your money. Track the mid-market exchange rate and transfer your money when the XOF rate gets to a specific level.
2. Go with the best option by comparing all services.
We list quite a few services offering money transfer services to Mali, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. You can save a lot of money by comparing them all and select the best option for your transfer.
3. Select the best option for your specific needs
Are you looking for the money transfer service with the lowest fees and best exchange rates, the fastest solution, best customer ratings, or the best compromise.
It is also interesting to pay attention to the pay-in and pay-out options. Credit cards, debit cards or a bank transfer are the most often available payment methods to send money to Mali online. At the other end, in Mali, look at different options if you need the amount in XOF to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your money transfer with the service you selected
Go to the money transfer provider's website to register (you normally have to provide some information to prove your identity), and configure your transaction.