There can be multiple reasons for transferring money to your loved ones in Africa but choosing the top money tranfer company is difficult.There are many companies to send money to Africa, but there also many factor which can change the total cost of your transfer and can make it extremes. It is therefore important to find the top company to transfer your money to Africa with the lowest possibles fees and the highest exchange rate.
If you are looking top money transfer company in Africa region, sending money back to family. Some companies in Africa will restrictions on inward remittances. The value of money is very important, and so is the exchange rate that majorly impacts the value of the remittance. Keep the below-mentioned points in mind while choosing the company for transferring money to African countries(Togo, Benin, Niger, Sierrra Leone, Mali, Cote D’lvoire, Guinea, Burkina Faso , Ghana) back to your family.
Points to keep in mind while transferring funds to African countries:
- Places that are subject to restrictions: In any money transfer guide for African countries, you will see that there are some countries where remittance is not possible. The places that are subject to restrictions mostly are Congo, Cote d’Ivoire, Libya, Rwanda, Sierra Leone, Somalia, and Sudan, so be careful while choosing the company for your monry transfer.
- Things that impact the cost of transfers: There are many ways of transferring money, and you will always be bound to look for low-cost money transfer in African countries that allows remittance. The cost of transferring and the exchange rate used at the time of transfer majorly impact how much money the person receives.
- Transfer Method: The companies usually charge high for transferring money abroad. With the advent of digital devices and technologies, the method of online payments has advanced. This brings you the platforms like EziPay that has made the remittance easy. Online money transfers through EziPay offer you cheap, easy and instant money transfers back to your family.
- Customer Service: If you are to transfer money online, you must clear all your doubts about the company and remittance. Excellent customer service like the one of EziPay makes it a hassle-free job to transfer money back to your family.
Everyone living abroad looks for hassle-free options to help the family we left across borders. You cannot just get up and reach them instantly, but you can at least offer them love and support from overseas. EziPay has made it possible for you.
The recent developments have dropped the 3rd party charges in remittance to a great deal. This has made money transfers in African countries easy. No matter if you want to transfer money from the bank, do a wire transfer or an IMT (Internet Money Transfer), EziPay allows you to transfer money directly into the bank account or to an online wallet of your family members. This online mode of transfer has cut shot all intermediary costs that are incurred through other ways of transfer.
Online banking services being the easiest and hassle-free way of transferring foreign currency from one country to another, have built a scope for new and more advanced service providers to evolve. EziPay is one such online currency transfer provider that allows you to send money to Senegal from anywhere across the world. Check out the EziPay’s website to learn about the best way possible and to know how to transfer funds online. Please note that not every provider is the same, so you must study a little before you choose your service provider.
Sending money is one of the most common things that millions of people do in the world each day. From international companies to families who are willing to buy a house in another country and finally to the people who send money to Africa(Senegal) to their family; it is like a regular task for them.
But this task can be very frightening and may cost you a lot if you don’t perform it with smartness. Most of the people are still unaware of the fact that these international money transferring companies have hidden costs. With banks, money transfer companies, and foreign exchange brokers, there are only two major costs involved. First is the service charge for transferring your funds, and the other is to convert your money from one currency to another.
Most of the profit of the money transfer companies are extracted from their money conversion ways. These service providers don’t work at the actual interbank exchange rates, but with their own exchanging rates. The profit made by these service providers is commonly known as the ‘Spread.’ Although it is a common practice, you must always be careful about it, as not every company is so upfront about it.
Here is the list of the smartest way to send money to Africa(Senegal):
- First and foremost way to transfer money are banks
Banks are the largest financial institutions that are quite effective for transferring a large number of funds. Most business organizations, including small, medium, or large businesses and even individuals use banking services to transfer money to Africa(Senegal). Banks are the most common ways to transfer money; however, now they are being scrutinized because of their high hidden fees. Ask the customer advisors before choosing the bank as your platform for transferring money because otherwise, you may end up losing a lot of money in their hidden charges.
- Ask foreign exchange brokers
The broker’s main task is to act as a middle man between the bank and the customer. They usually have great relations with most of the banks, and they work to provide the most competitive rates for trading one currency to another. Again, they may charge you a ton of money for transferring the money from one country to another. The advantage of foreign exchange services are:
- They help you buy properties in a foreign country.
- They allow small businesses to make international payments.
- Online money transfer providers
The internet has made our lives easy in every possible way. Transfers through the internet is a very easy method for money transfer for both the national and international(Africa) levels. It is the most cost-efficient and smartest way to send money to Africa(Senegal) for business or individual purposes.
Online transferring channels are regulated by the authorities and agencies, so they are the safest way of sending and receiving money. Some of these service operators take two to three days for completion of the transaction, but providers like EziPay offer instant online money transfer service. Online services have proven to be a revolution in the banking sector at both national and international levels.
Today’s digital era is fast, flexible, and secure. If you want to send money to your loved ones in west africa(Côte d’Ivoire, Senegal, Mali, Togo, Benin, Niger, Burkina Faso, Ghana & Guinea Bissau) , then it is just a few taps away. But if you are worried that money transfer could be a burden to your pocket, then worry not! EziPay provides you with a competitive rate of money transfer with steep money transferring fees in africa. This online money transfer platform is the cheapest and most convenient way to send money across the world and specially Africa or Senegal. EziPay has the lowest fees and offers the cheapest international money transfers all across the Africa.
Let’s know more features about ezipay:-
Stop wasting your time in queuing up for remittance agencies or high street banks. EziPay has now made international transfers a lot easier specially in africa. You can send money anywhere in west africa from senegal now just by sitting at home, and this is not it, you can transfer money at a very cheap rate as compared to other money transfer apps.
Traditional methods of remittance are no longer cost-effective and convenient when it comes to sending money abroad. You can go online and take the help of EziPay, which is a one-stop solution for online money transfer service. With this app, you can also avoid wasting time and the hefty fees they charge.
EziPay remittance fees are the lowest available in the market, and it includes minimize fees that you pay for global remittance. EziPay members can enjoy the cheapest and safest international money transfers.
Trusted app for money transfer
At EziPay, we commit to keep fees low and make the process of sending money abroad as convenient as possible. Our online remittance platform uses technology that is cutting-edge and enables users to make instant money transfers. So now, without any further delays, you can transfer money to Ghana with this trusted remittance partner.
This money transfer app also has an e-wallet feature that makes international money transfers in a matter of seconds.
Best exchange rates for money transfers
EziPay is a fully authorized Electronic Money Institution. Our international remittance system also provides EziPay users with competitive exchange rates for global money transfers. It doesn’t matter much about the destination or the currency of a country. Being one of the fastest-growing FinTech solution apps, EziPay gives you leading data security tools to keep your personal information safe and the best exchange rates. There are no hidden charges that would be added while your payment and everything is crystal clear.
Enjoy seamless international money transfers with EziPay
If you are looking up for low-cost remittance fees and super-fast money transfers, then no need to look anywhere other than EziPay. We ensure you get competitive exchange rates by offering lower fees than any other online global remittance provider.
So what are you waiting for? Download the app and transfer the money instantly by EziPay app!