How to send money to Suriname
Discover how to make a money transfer to Suriname at the lowest cost with these 4 steps
1. Check the SRD interbank exchange rate against the currency you want to send
Although the evolution of the exchange rate is impossible to predict, it is a good idea to follow it in order to maximize how many your recipient will receive. Follow the evolution of the Surinamese dollar mid-market and transfer your money when the mid-market rate is close to its highest level of the last few days.
2. Compare the 7 services sending money to Suriname in order to select the best one.
There are 7 services to transfer money to Suriname, such as TransferWise, Western Union, MoneyGram, Xendpay, WorldRemit. Using the best provider from the list is a sure way to save on fees and exchange rate.
3. Choose the best money transfer company based on your criteria
Based on which criteria will make your choice? Total cost, speed of transfer, customer ratings? Consider the pros and cons before making your decision.
It is also interesting to have a look at the pay-in/out methods. Providers often give you the choice to pay your transfer by bank wire or by cards (credit or debit). In Suriname, you can decide if your want the amount in SRD to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transaction with the provider you selected
The last step is to sign up on the money transfer provider's online portal - be aware you will often need to upload an offical ID and/or a proof of adress - and set upyour transfer.