Like millions of people who live overseas, you may constantly have to send money to your family in Africa, and although there are numerous options available you can use to send money to African countries, many people opt for wire transfers.
Here are three ways to send money to African countries;
1. Send Money to African Countries via Bank:
This kind of wire transfer is done through banks. The process is seemingly simple because all that you have to do is wire some amount from your international bank account to a designated account in the African country you wish to send money to.
The downside to this option is that the process is slow. You might face a long queue when you get to the bank and also It often requires waiting for several business days before the money is credited to your recipient’s account, making it unsuitable for emergencies.
Additionally, because of the tedious transfer process – money moving among multiple banks, there is a high chance of being charged exorbitant transfer fees and the final sum to be received by your recipient could also be lower than expected due to fluctuating exchange rates.
2. Send Money to African Countries Via a High Street Transfer Agent:
Sending money to Africa via a high street transfer agent entails walking into one of the agent’s physical stores and lodging the money you want to transfer. While some of them accept card or cheque payments, some require you to pay with cash. You may also be asked to provide proof of source of funds.
High street transfer agents provide you with a tracking number for you to monitor your transfer. This suggests that transfer is not facilitated immediately and delivery of the funds to your recipient might take days. Although their transfer fees are cheaper compared to banks, it is still more expensive than online money transfer.
3. Send Money to African Countries via Online Money Transfer Services:
Online money transfer is increasingly becoming popular as a medium for international money transfers. This option is seamless, quick and the cheapest amongst the transfer channels available.
Sending money via an online money transfer service like Ileero Remit is convenient as all you need is your mobile device. With Ileero Remit, you are assured of cheaper rates and transfer fees as low as £2.99. Remittance is done within two minutes and you can choose your most preferred channel for receiving funds.
How to Send Money Using Ileero Remit
Customers are choosing Ileero Remit for its transparency and convenience. You can send money to Africa via Ileero Remit following these easy steps.
Visit the website or download the app on IOS App Store or Google Play Store. Once your account is set up, enter your transfer details including your beneficiary, amount to be transferred, country, and preferred method of receipt (cash pick-up, airtime top-up, bank deposit). Click send and you will get a notification of a successful transaction within two minutes.
On Ileero Remit, you get access to 24/7 customer support. We also send up-to-date exchange rates and there are no hidden fees.