Send Money to Marshall Islands

Foreign Currency Direct Plc
Margin Rate: 0.9%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
TorFX
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
OFX
Margin Rate: 1%
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
Xendpay
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Marshall Islands

Send Money Transfer to Marshall Islands

The Marshall Islands use the US dollar (USD) and have no restrictions on currency transfers. The Islands have only one bank, the Bank of Guam and a wire transfer is possible providing the beneficiary has an account with this bank.

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 there are instances of money sending bureaus on the Marshall Islands. 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: 1, 2, 5, 10, 20, 50, 100 Dollars

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