Send Money to Senegal

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 Senegal

Send Money Transfer to Senegal

Senegal is home to the CFA franc (XOF) and the currency is pegged to the Euro (EUR). There are nineteen commercial banks in Senegal to a bank transfer is a possible method of moving funds. Given the pegged currency, the sender may wish to move the money in Euro to the beneficiary. There are currently no restrictions on sending funds to Senegal.

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 and are widespread in the cities of Senegal. 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. 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: 500, 1000, 2000, 5000, 10000 Francs