How to send money to Mozambique
Learn how to make a money transfer to Mozambique with the best exchange rate in 4 easy steps
1. Check the MZN mid-market rate against your sending currency
Although the currency market is unforseeable, it can help you save money to keep an eye on it so that you can optimize how much the recipient of your transfer will receive. It's a good idea to take advantage our smart exchange rate alerts to frequently check the evolution of the MZN exchange rate.
2. Compare the 7 money transfer companies available for transfers to Mozambique and select the best provider.
Monito compares many providers to transfer money to Mozambique, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Picking the right company from the list is a sure way to save on costs.
3. Select the best service with your own criteria
Select the money transfer provider with the lowest price, fastest transfer speed, most positive customer reviews, or a good compromise.
You may also want to take into account the pay-in/out methods. Transferring money from your e-banking or via your debit or credit card are the most often available pay-in methods to send money to Mozambique online. On the recipient's side in Mozambique, select the right option, whether you need the converted amount to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and start your money transfer to Mozambique with the company you selected
The last step is to sign up on the provider's website (you normally have to upload some ID documents to confirm your identity), and set upyour transfer to Mozambique.