How to send money to Tanzania
Discover how to transfer money to Tanzania with the best rate in a few easy steps
1. Check the TZS exchange rate against your own currency
Sending money at the right time can help you save money. It might be interesting for you to set-up our smart alerts to stay on top of the evolution of the mid-market.
2. Compare 9 companies sending money to Tanzania and select the best deal.
Monito's comparison engine lists many providers able to send money to Tanzania, such as TransferWise, Western Union, MoneyGram, OFX, Xendpay. You will save big by comparing them all and select the most competitive deal for your upcoming transfer.
3. Pick the best option based on your criteria
Based on which criteria will make your choice? The total cost, time for the money to arrive, number of customer ratings? Evaluate the pros and cons of the different options before selecting the provider.
You may also want to consider the options to pay for the transfer and receive the money. Most of the time you'll find money transfer providers allowing you to transfer the money directly from your bank account, some will also give you the option to pay by credit and debit cards. To receive the money in Tanzania, you often have to decide if you want the converted amount to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your money transfer with the money transfer provider of your choice
The last step is to sign up on the provider's online portal (you normally have to upload information to prove your identity), and configure your transfer.