Send Money to Mali

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 Mali

Send Money Transfer to Mali

The Maldives uses the CFA Franc (XOF) and has no restrictions on currency transfers. The banking system is very immature and cash remains the key way of doing business. Only around 15% of citizens have a bank account and before placing a wire transfer to an existing bank account holder, it will be worth checking out the banking fees charged. The CFA Franc is pegged to the Euro so transfers in Euro would be sensible.

If you want to send cash without using a 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 some of money sending bureaus have locations in Mali. In some cases these allow transfer i) to bank accounts ii) as cash for collection or iii) for mobile top up. 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 from just a few percent to 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 or pay by card. You have to fill in a form, pay the service fee, and show a valid ID. Alternatively, you can process your money transfer online.

Bank Note System
Banknotes: 500, 1000, 2000, 5000, 10000 Francs