Send Money to Guinea

Margin Rate: 4%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 3%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.8%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Guinea

Send Money Transfer to Guinea

There are currently no restrictions in place limiting international money transfers to or from Guinea. The Guinean Franc (GNF) can be freely converted to any foreign currency. Care should be taken whatever approach you take to transferring funds however as there is a very active black market operating. For businesses the government of Guinea is keen to attract foreign overseas investment and offers a favorable regime for such transfers.

Using a bank transfer may be one of the most reliable methods of transfer and all six commercial banks in Guinea have either French or US involvement. Be sure to check on the exchange rate and for any fees.

If you want to send cash without using your bank account or if you do not have one yet, you can opt for a worldwide money transfer service via a Money Sending Bureau. These establishments are found in major cities around the world and are common across Guinea. With this option however you will need to pay a significant commission on the transfer and it is worth looking around as fees can vary between just a few percent as high as 15% of the sum being sent. These institutions also often comparatively poor exchange rates so again the total costs need to be considered.

The procedure is however relatively simple: You take the money you would like to transfer to an office in cash. You have to fill in a form, pay the service fee, and show a valid ID. Alternatively, you can process your money transfer online. Once this procedure is done, the recipient can pick up the money at another office simply by showing his or her own ID. With the transaction number you receive, you can track the status of your transfer online.

Bank Note System
Guinea Franc (GNF) = 100 centimes. Notes are in denominations of GNF5,000, 1,000 and 500. Coins are in denominations of GNF25, 10, 5 and 1.