Send Money to Ivory Coast

Western Union
Margin Rate: 4%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
CurrencyFair
Margin Rate: 3%
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
RationalFX
Margin Rate: 0.8%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Ivory Coast

Send Money Transfer to Ivory Coast

There are currently no restrictions in place limiting international money transfers to the Ivory Coast. The CFA France (XOF) can be freely converted to any foreign currency. Currency transfers are easily made with minor administrative requirements. There are some sanctions in place against individuals in the Ivory Coast including businesses they control. Businesses should take care not to fall foul of these regulations.

Ivory Coast has long been a thriving economy within the West African Economic and Monetary Union (WAEMU). Access to banking and other financial points are heavily populated in the capital Abidjan. The Ivory Coast is well served by a large number of banks, having the largest number of any in Western Africa. The country also has one of the highest mobile penetrations of any African country making mobile banking possible.

With this in mind a banktransfer is one of the most straight forward ways to transfer funds to the Ivory Coast assuming the recipient has a bank account there. 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 extremely numerous in the Ivory Coast. 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: 500, 1000, 2000, 5000, 10000 Francs

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