Send Money to Haiti

OFX
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Moneycorp
Margin Rate: 0.70%
Minimum Transfer: 250
Transaction Fees: £0
FCA Regualted: FCA Regulated
TorFX
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
VoltrexFX
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Currencies Direct
Margin Rate: 0.7%
Minimum Transfer: £500
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Haiti

Send Money Transfer to Haiti

The Haitian currency is the Gourde and whilst transfers are unrestricted the financial infrastructure is weak.

One of the most common ways to remit funds to most countries is via wire transfer to a bank account held by the recipient in the target country. In Haiti however, the branch network is extremely limited with less than 1% of the population having access to bank financing along with one of the lowest rates of access to financial services in the world with fewer than two bank branches for every 100,000 of the population. In addition to this, under local laws banks are not required to comply with international accounting standards, nor are they required to be audited to any standard. Recognising this weak oversight some of the banks have taken it upon themselves to adopt international standards anyway but this, along with a very high concentration of risk in just three players make banking a more risky venture than elsewhere in the world.

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 can be found in Haiti. 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
Banknotes: 10, 25, 50, 100, 250, 500, 1000 Gourdes

© 2017 : All Rights Reserved
Send Money Home 83 Ducie Street, Manchester M1 2JQ. +44 (0) 844 357 4755 - Email Us