How to send money to Marshall Islands
Discover how to make a money transfer to Marshall Islands at the lowest cost in four easy steps
1. Check the USD mid-market exchange rate against your sending currency
Even though the currency market is unforseeable, it can help you save money to follow it in order to maximize how much you will receive for your money. Monitor the evolution of the United States dollar exchange rate and validate your transaction when you can get a good exchange rate.
2. Go with the best deal by comparing the available companies.
There are many companies offering money transfer services to Marshall Islands, such as TransferWise, Western Union, MoneyGram, Currencies Direct, CurrencyFair. Selecting the right service from the list is a sure way to save on costs.
3. Select the best service for your needs
Pick money transfer company with the best price, the shortest transfer time, best reviews, or other criteria.
It is also important to pay attention to the pay-in/out methods. Most of the time you'll find money transfer providers allowing you to pay by bank transfer, some will also give you the option to pay by cards. On the recipient's side in Marshall Islands, you often have to decide if you want the amount in USD to be transferred to your recipient's account or available for pick-up in cash at an agent location.
4. Sign up and start your transfer with the service you selected
Visit the provider's homepage to complete the sign-up process (you most of the time have to upload documents to confirm your identity), and provide the details of your money transfer to Marshall Islands.