Send Money to Lebanon

Margin Rate: 0.8%
Minimum Transfer: £2000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
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: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Lebanon

Send Money Transfer to Lebanon

The Lebanese Pound (LBP) is freely tradable and convertible. The banking system in Lebanon is well established and generally efficient with a significant number of banks, local, Islamic and foreign operating. A wire transfer is therefore a convenient method of sending funds to someone with an account in Lebanon. A very significant number of Lebanese working abroad do this regularly.

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 andthough they are available in Lebanon they are not as prevalent as in other developing countries. Some of the banks also act as pick up locations. 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: 1000, 5000, 10000, 20000, 50000, 100000 Pounds