Send Money to Mozambique

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 Mozambique

Send Money Transfer to Mozambique

Mozambique uses the metical (MZN) and has 20 commercial banks although two of these have 85% market share. Despite this there is a relative shortage of branches and ATM’s. Therefore, a wire transfer is possible provided the beneficiary has an account there. There are no restrictions on currency transfers.

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 few companies offering money sending services to Mozambique. Like the banks these are concentrated in the capital Maputo. 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: 20, 50, 100, 200, 500, 1000 Meticais

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