What Is The Best Way To Transfer Money to Africa?

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Transferring funds to a foreign land can be a bit of a gamble. One time you use one method, then get duped. The other time you use another method and it fails to get funds abroad on time. Is there an ideal way to send money to Africa? One that is safe, reliable, fast, and cost-effective? Well, we can tell you with a lot of confidence that transferring money to Africa is a lot easier than you think. For starters, you just need to get a money transfer app and you’re good to go.

There are plenty of ways to transfer money to African countries safely and quickly. So, without wasting any time, here’s a look at some of the best methods to transfer funds to Africa:

Using a Money Transfer App

This has to come as the first and most effective method that you can use to transfer funds to African territories. As an immigrant, it is not strange to receive emergency or distress calls from your motherland requiring you to send funds right away. And when it’s an emergency, you can’t just afford to wait too long for funds to get to the recipient. Hence, the need for a very fast and secure option.

A money transfer app is such an option at your disposal. It is quite fast and secure. Some transfers can even be instantaneous, which makes it easier to solve the pertinent issue at hand.

While there are so many money transfer app services currently, there are very few that you can trust. Hence, you need to take your time and vet the ones available to you. When choosing an appropriate money transfer app, be keen to check the security, user interface, and the charges. Some apps are more secure than others but charge exorbitantly. Choose a trade-off that suits your needs.

Here are some of the apps that you can choose from to send funds to African countries:

Afriex Money Transfer App

Afriex hasn’t been around for too long but has already created a force in the financial and money transfer industry. It is competing with the big names in the industry by offering competitive rates for its clients and fast money transfers.

Afriex also has cryptocurrency purchases and transfers for those who’d wish to take on this field. In terms of sending money to African countries, Afriex offers the best service for immigrants and any other persons of interest.

PayPal

This is an international money transfer service that has existed for about two decades. With this in the picture, it has gained the trust of so many business people and immigrants as an appropriate option to send money beyond borders.

PayPal has its network in numerous countries around the world, hence, enabling millions to send money easily and safely. Their rates are also quite competitive.

World Remit

You can’t talk about ways to send money to Africa without highlighting World Remit. It is fairly new too, when compared to options such as PayPal. It was founded in 2010 and is now just over a decade old. But don’t let this fool you into thinking that they still haven’t covered enough ground. After all, age is just a number, isn’t it?

You can send money to over 100 countries using World Remit. World Remit has top-notch security features that ensure your money is safe when you send it across borders. In addition to the efficiency of sending money using World Remit, you also get fair charges and exchange rates. Their transfer fees are mostly under $4 for most countries in Africa. They also take quite a shorter time to send money compared to other options.

Using Banks

Banks have been a method of money transfer for several decades. While you can’t dispute their legitimacy and assistance in sending funds abroad, you’d often question their speed and rates for doing the same.

In terms of speed, banks tend to take rather longer than what you’d be willing to stomach in an emergency. Thus, you can opt to use them when the issue at hand doesn’t require instant attention.

Coming to the rates, banks aren’t as affordable as money transfer apps are. They tend to charge too highly. Besides, there are so many hidden charges along the way that you’d only see once deducted from your funds.

Sending as a Parcel

Well, this is a slow method. Oh did we say slow? Yes, a very slow method to send funds abroad. Plus there’s the high risk involved in using this method. Your money could even end up not reaching its destination.

Sending money as a parcel should be the last option on your list – just like it is on this list. Exhaust all other options beforehand.

Final Thoughts

It’s so easy to send money to African countries nowadays. These are some of the options that you can use. Nonetheless, we would strongly advise that you either use banks or a money transfer app.

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