How to send money to Uganda
Learn how to make a money transfer to Uganda at the lowest cost with these 4 steps
1. Check the UGX mid-market exchange rate against your own currency
Converting your money on a favorable day can help you save money. Keep an eye on the exchange rate and validate your transaction when you can get a good exchange rate.
2. Compare the 8 companies sending money to Uganda and find the best option.
Monito compares quite a few providers to transfer money to Uganda, such as TransferWise, Western Union, MoneyGram, WorldRemit, Azimo. Save money by comparing all your options to find the most competitive one for your upcoming money transfer.
3. Choose the best provider based on your criteria
Decide if you’re looking for the money transfer company with the lowest price, fastest transfer speed, highest reviews, or a good compromise.
It is also important to pay attention to the payment solution and pay-out options. Credit cards, debit cards or a bank transfer are the most common payment options to send money to Uganda online. To receive the money in Uganda, choose if you need the money to be deposited on a local 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 you selected
Go to the provider's homepage to go through the sign-up process - be ready to give an ID document and/or a proof of adress - and set upyour transfer.
Save over 130,000 shillings a year when sending money to family, friends or businesses in Uganda.
How to Send Money to Uganda
Thousands of people like you send money back to Uganda every week. With over 1.5 million Ugandans living outside Uganda, everyone needs an easy and inexpensive way to send shillings back home to benefit family, friends and others.
Banks in neither your adopted country nor Uganda have the best fees or exchange rates for converting money into shillings. So it’s vital to compare all of your options for sending money back to Uganda so your shillings can go further. Whether you want to make a one-off currency transfer or you need to send money online regularly, we can help you find the best options.
People from Uganda send over $1 billion back home each year, that’s an average of $700 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Ugandans up to $50 million collectively or up to $35 individually, every year.
You won’t get the best exchange rates from your bank or PayPal, and we want to stop you from overpaying. We make it easy to compare the best-value options for money transfer or you can select one of the recommended currency providers on this page. You can easily send money online and pay by wire transfer, bank deposit, card, cash or in some other way.
I Want to Transfer Money to Uganda, but Which Provider Should I Use?
There are several options for sending money back to Uganda. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into shillings and sending it home.
We know there are a few ways to transfer currency to Uganda, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best online money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into shillings, how you want to pay and some other factors.
We take all of those details into account when recommending the best way to send money to Uganda. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Uganda from the UK, USA, Kenya, Sweden and more.
For most money transfer providers, you can either sign up through their websites or download their mobile apps, which will give you fast and easy access from any smart device. Several providers also offer mobile money transfers, sending money by phone or allow you to pay to send money to Uganda with a credit card.
We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send shillings back to Uganda. Learn more and sign up here.
The Cheapest and Best Ways to Send Shillings to Uganda
There are several good options for online currency exchange, depending on how the person you’re sending money to wants to get access to their shillings.
Sending Less Than $200 in Shillings to a Bank Account in Uganda
If you want to send money to a bank account in Uganda, we recommend using a specialist currency provider. If you’re transferring under $200 or equivalent, your best option is WorldRemit. You can find links to them elsewhere on this page.
Sending More Than $200 in Shillings to a Bank Account in Uganda
If you’re sending more than $200, we recommend WorldRemit. You can find links to them elsewhere on this page.
Banks that You Can Transfer Shillings to in Uganda
You can normally arrange to send shillings to any of the following banks: Centenary Bank, Standard Chartered, DFCU Bank, Stanbic Bank, Barclays, Diamond Trust Bank, Bank of Africa and more.
Cash Pick-Up Locations in Uganda
Some of these banks are also popular locations for picking up shillings that you have transferred. If the beneficiary wants to collect shillings as cash in Uganda without going through a bank, then providers like WorldRemit, Azimo and Western Union are good options. You can find links to them elsewhere on this page.
There are dozens of cash pickup locations in Uganda, across Kampala and elsewhere.
If you have any questions about sending shillings to Uganda, we’re happy to help, get in touch with us now.