How to send money to Senegal
Learn how to send money to Senegal with the best XOF exchange rate with these 4 steps
1. Check the XOF interbank exchange rate against your own currency
Although the evolution of the currency market is fluctuating, it can help you save money to stay on top of it so that you can maximize how many the recipient of your transfer will receive. Keep track of the mid-market exchange rate and transfer your money when the XOF rate gets to a specific level.
2. Find the optimal option by comparing the available money transfer providers.
We list many money transfer companies to transfer money to Senegal, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. Selecting the most competitive money transfer provider from the more than 9 available options is a sure way to save on fees and exchange rate.
3. Choose the best money transfer company for your transfer
Search for the money transfer company with the overall cheapest cost, the fastest solution, best ratings, or the best compromise.
It is also important to have a look at the pay-in and pay-out options. Providers often give you the option to pay your transfer by wiring the money from your bank account or by debit or credit cards. At the other end, in Senegal, choose if you need the converted amount to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and get started wih your transfer with the service of your choice
Go to the money transfer provider's website to go through the sign-up process (you most of the time have to upload information to confirm your identity), and provide the details of your money transfer to Senegal.