Send Money to Lesotho

Western Union
Margin Rate: 4%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Travelex
Margin Rate: 5%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: Not FCA Regulated
CurrencyFair
Margin Rate: 2%
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: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Lesotho

Send Money Transfer to Lesotho

The small landlocked state of Lesotho uses the loti (LTL) which is fully convertible and the country is keen to encourage investment treating foreign investors consistently with local. However, due to extreme poverty the vast majority of people live subsistence farming lives and have no contact or use for the limited banking sector. Bank wire transfers therefore are available but only limited numbers of individuals have access to an account.

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 though limited in Lesotho with just a few pick up locations in the towns. 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, 20, 50, 100, 200 Loti

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