How to send money to Rwanda
Discover how to send money to Rwanda with the best providers in four easy steps
1. Check the RWF interbank exchange rate against the currency you want to send
Converting your money on the right day is a good way to optimize your transfer. Keep track of the Rwandan franc rate and send the money when the RWF rate gets to a specific level.
2. Go with the best deal by comparing the 6 available money transfer companies.
Monito's comparison engine lists many services to make money transfers to Rwanda, such as TransferWise, Western Union, MoneyGram, Azimo, WorldRemit. Going with the most competitive provider from the available options is a sure way to save on fees and exchange rate.
3. Pick the best provider for your needs
Decide if you’re looking for the service with the most competitive pricing, the shortest transfer time, best reviews, or other criteria.
In addition, you may want to take into account the pay-in/out methods. You often have the choice to pay your transfer by a local bank transfer or by debit or credit cards. In Rwanda, you often have to decide if you want the money to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and start your transaction with the money transfer provider you selected
Visit the money transfer provider's website to go through the sign-up process - be ready to upload a copy of your ID and/or a proof of adress - and configure your transaction.