Send Money to Albania Like a Pro With These Tips

TowerFind out which companies to use to send money to Albania.

If you need to send money to Albania, whether for business or personal reasons, only a few companies can help. Albanian leks are an exotic currency and not something most foreign exchange providers deal with.

While few Canadian banks will send money to Albania, the ones that do tend to charge high transfer fees and give poor exchange rates. Specialist money transfer services will offer more competitive exchange rates and lower fees. Companies like Western Union and MoneyGram can send funds between Albania and Canada.

Read our guide to find out more about sending money to Albania.

Compare Money Transfer Services

The table below lays out some of the options that you can access to transfer funds from Canada to Albania. You can also use the table headings to sort products by applicable fees and other categories showing differences.

Rates last updated July 17th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
XE International Money Transfers
$0
1 day
Online, Phone, Bank Account to Bank Account
Send money in more than 60 currencies. Fee-free international money transfers with a global brand.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Case study: Ardita sends money to Albania

Ardita was born in Albania but moved to Canada to attend university. After studying, she decided to stay in Canada. Ardita wants to send CAD$1,000 back to Albania to help cover her parents bills. She has an account with a popular bank in Canada who can send the money to Albania, however she doesn’t think they are offering a very good deal. She decides to compare the exchange rate and transfer fees offered by two transfer companies and her bank. You can see the results of her comparison below.

Money transfer company 1 – BankMoney transfer company 2 – Money transfer serviceMoney transfer company 3 – Money transfer service
Exchange rateCAD$1 = 78.03 ALLCAD$1 = 79.89 ALLCAD$1 = 80.05 ALL
Transfer feeCAD$40CAD$30CAD$40
Amount received for CAD$1,000 (in Albanian lek)78,030 ALL79,890 ALL80,050 ALL
Transfer timeThree to five daysOne to two daysJust minutes
Transfer optionsBank account depositCash pick up or bank account depositCash pick up only
Difference of+ 160 ALL

Correct 9.30PM 29 March 2018

As you can see, Ardita can pay cheaper fees and send more money to her parents if she uses the services of one of the transfer companies instead of her bank.

How do I compare money transfer companies

Have a look at these features when you compare providers who allow transfers to Albania:

  • Exchange rate. Which providers will let you exchange Canadian dollars to Albanian lek, and at what rate of conversion? Some providers offer low transfer fees but less competitive exchange rates, while others may offer higher transfer fees but less competitive exchange rates.
  • Transfer fee. Some providers give you your first transfer for free and other providers don’t charge a transfer fee at all. Be sure to compare the exchange rate and the transfer fee to determine how much your recipient will receive.
  • Transfer time. The transfer time is based on the payment and collection methods. Bank transfers generally take a few business days to clear. Money transfer providers generally take anywhere from just minutes to three or four business days.
  • Collection options. Do you want to send cash or do you want to send the money directly to a bank account in Albania?
  • Transfer options. Cash transfers, forward contracts, spot orders and recurring payments are some of the different transfer options on offer from different providers.
  • Transfer limits. Some companies will impose minimum and maximum transfer limits. These vary from zero dollars up to $10,000.
  • Customer service. Contact methods will vary, however some companies offer email, online chat, phone help and in person assistance. Always choose a reputable company to handle your money.

How do I send money to Albania from Canada?

Below is a brief description of the process to send money to Albania.

Banks

You can likely use the international transfer services of your bank for a fee. Log into your online banking and select the menu that lets you make an international payment. If this is the first time you’ve made a payment to this bank account in Albania, you’ll need to add a the payee as a beneficiary first. You’ll need some information, such as the recipient’s full name, bank name, BIC/SWIFT code and account number.

International cash payment service

Companies such as Western Union and MoneyGram can send cash to Albania in just minutes. These companies have more than a handful of cash collection agents throughout Albania.

  • Western Union. Western Union tend to have partnerships with a wider range of Albanian merchants compared to MoneyGram. You can send money online, by phone or in person from Canada.
  • MoneyGram. MoneyGram are partnered with Albanian banks and credit agencies. You can only send money in person from a Canadian branch.

Online money transfer companies

  • WorldRemit. You can send money online using the services of WorldRemit.

How do I receive money from Albania in Canada?

This will depend on how the funds are being sent.

  • Receiving funds in your bank account. You’ll need to provide your bank account and personal details to the sender to receive funds in your bank account. These will include:
    • Your name
    • Your account number
    • Your bank’s name, address and transit number
  • Collecting cash. Provide your name and the transaction reference number to collect cash from an agent location like Western Union. Note that some cash payment services can also deposit funds into a bank account.
  • PayPal transfers. If someone in Albania wants to send you a PayPal payment, you can accept it in Canada. The sender can find your account if you give them your email address or phone number. Once you receive the money, you can transfer the funds to your bank account and then make a withdrawal. Both you and the sender must have PayPal accounts, which can be setup online free of charge.

Emergency cash transfers in Albania

Have a look at these options if you’re looking to get cash to Albania in an emergency.

  • International cash payment. International cash payment companies, such as Western Union or MoneyGram, can send cash to Albania in just minutes.
  • Emergency cash. Card schemes, such as Visa, MasterCard or American Express, can provide emergency cash if your card is lost or stolen. The funds will be added to your account balance.
  • Travel insurance. You may be eligible to receive an emergency cash benefit from your travel insurance provider. Never travel without insurance.

Cash pickup locations in Albania / Western Union / MoneyGram branches in Albania

Have a look at the different Western Union and MoneyGram agents in Albania. Many banks act as Western Union and MoneyGram agents in Albania’s major cities.

Western Union

Tirana

  • Glei Exchange
    Sheshi Sulejman Pasha Ndertesa Nr 2 Hyrja Nr 3,
    Tirane, Albania, 1001
    Open Monday to Saturday 8.00AM to 7.00PM
    +355 4 2234979
  • ALB Kredit
    Rr Ded Gjo Luli, Tirane, Albania, 1001
    Open Monday to Friday 8.00AM to 2.00PM
    Open Saturday 9.00AM to 12.00PM
    +355 4 2234979

Elbasan

  • GFU AL
    Lagjia Luigj Gurakuqi Pall 75 Kati I Ap 1,
    Elbasan, Albania, 3001
    Open Monday to Saturday 8.00AM to 7.00PM
    +355 4 2234979
  • Union Elbasani
    Rr 11 Nentori P 70, Elbassan, Albania, 3001
    Open Monday to Friday 8.00AM to 6.00PM
    Open Saturday 8.00AM to 1.00PM
    Open Sunday 9.00AM to 12.00PM
    +355 4 2234979

MoneyGram

Durrës

  • Banka Societe Generale Albania
    Lagjja. 3 Sheshi Ilira Egt Tower Kati Dyte,
    Durrës, 2000
    Open Monday to Friday 8.30AM to 3.30PM
    +355 0 52237157
  • BKT – Dega Plazhi Durrës
    Lagija 13 RR Tre Vellezerit Thanasi Plazh,
    Durrës, 2008.
    Open Monday to Friday 8.30AM to 3.30PM
    +355 5 2263415

Vlorë

  • Raiffeisen Bank – Dega – Vlorë – 006
    Lagjia Bulevardi Ismail Qemali,
    Vlorë
    Open Monday to Friday 8.30AM to 4.30PM
    Open Saturday 8.30AM to 1.00PM
  • First Investment Bank
    lagjia pavarsia Portia Detar,
    Vlorë 9402
    Open Monday to Friday 8.00AM to 5.00PM

Tips for picking up cash in Albania

The Government of Canada recommend that Canadian travellers exercise a normal degree of caution when visiting Albania. However, all non-essential travel is not recommended to the region of Lazarat.

While pickpocketing and petty theft do occur, instances of violent crime against Canadian tourists in Albania are relatively rare. Travel in a group if you’re picking up cash and avoid using public transportation with large sums of money. Store your money in a safe place once you retrieve it.

What are the steps to send money to Albania?

Bank

To make an overseas transfer from your bank account, log on to your internet banking and look for the option that lets you make an international payment. You’ll need to add the payee as a beneficiary if this your first payment. You’ll need to provide the payee’s details, such as the SWIFT/BIC code and the bank account number. Ensure you have all of the right information so the funds reach the right bank account.

Money transfer company

Register for an account online to use the services of one of the companies compared on this page. Registering for an account is free of charge and will likely only take a few minutes to complete. Provide the following information to setup an account:

  • Personal details. This will include your name, home address and date of birth.
  • Contact details. You will need to list your email address and phone number.
  • Identification. Some providers may ask for a faxed or emailed copy of your passport or driver’s licence for proof of ID.

You should be issued with a tracking number or code once you lodge the transfer. You can use this information to check on the status of your money transfer to Albania. Provide your recipient with the number so they can retrieve the funds.


While there are only a few ways to send money to Albania, you can still compare your options to determine the service and transfer method that is right for you.

Was this content helpful to you? No  Yes

Ask an Expert

You must be logged in to post a comment.

Go to site