Ways to Send Money to Algeria Easier and Faster

Bab-Ezzouar-AlgeriaFind out how to send money to Algeria.

In the 2011 census, almost 50,000 Canadians reported having migrated from Albania or having Albanian ancestry. Although trade and travel to Albania is not common from Canada, there is often a need to send money to family members, friends and businesses.

Only a handful of companies can be used to send money to Algeria from Canada. Algerian dinars are not a commonly used currency and most banks in Canada can only make payments to Algerian accounts in US dollars. To save you time visiting each money service provider’s website, we’ve come up with a list of transfer companies and services you can use to send money to Algeria.

Compare Money Transfer Services

Rates last updated July 17th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
XE International Money Transfers
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: Banks versus money transfer companies

Only a small number of money transfer companies let you send money to Algeria and most banks can’t support this currency since it’s considered to be rare and exotic. You can see the main features of each different type of international payment service below. In this example, we use USD for the bank comparison since they are only able to send US dollars to Algeria.

As you can see below, the transfer service offers a more competitive exchange rate but a higher transfer fee. They can send the money in just minutes but for cash pickup only. It’s actually cheaper to send the money using the bank. However, it will take four to six business days for the money to reach the recipient in Algeria.

BankInternational cash payment service
Exchange rate$1 CAD = 0.75 USD$1 CAD = 87.79 DZD (0.762 USD)
Transfer fee$25.00 CAD$50.00 CAD
Amount received for CAD$1000US$750.00(DZD86,441.25)DZD87,795.35
Transfer time4-6 business daysMinutes
Transfer optionsBank account depositCash pickup only
Difference of+DZD1,354.10 (US$11.75)

Correct 12:30PM 15/12/2017

How do I compare money transfer companies?

  • Exchange rate. First, compare providers by whether they’ll exchange Canadian dollars to Algerian dinars. Very few online money transfer companies will exchange CAD to DZD, while others will only send US dollars to Algeria. Both MoneyGram and Western Union will send the money to Algeria in DZD and offer more competitive exchange rates than most banks.
  • Transfer fee. There will be a fee to send money to Algeria. Due to the exotic nature of the Algerian dinar, paying a high transfer fee may be unavoidable. This is where your bank may actually charge a lower fee to send the money than a specialist transfer service provider would, but the bank’s exchange rate will likely be less competitive. Compare both the exchange rate and the fees to see which offer leaves you with more money in your pocket.
  • Transfer time. Bank account deposits take a number of working days to clear, whereas cash collection can be ready right away. Faster transfers generally incur higher fees.
  • Payment options. Bank deposits, credit cards, debit cards and cash are all accepted methods of payment. Some companies, especially online only, may not offer all payment methods.
  • Collection options. Banks will deposit funds directly into your recipient’s bank account, while Western Union and MoneyGram have agents in Algeria where cash can be collected in person.
  • Transfer limits. Look for the provider’s transfer limits if you’re sending less than $100 or more than $10,000.
  • Transfer options. A number of money transfer providers offer options suited to trading currency as well as one-off payments to Algeria.
  • Customer service. Is there a Canadian-based customer service team available for you to contact if you have any questions about your trade? Check to see what customer service options are available including email, phone, online chat or in person at a branch location. Some companies may offer 24/7 customer support, while others may only be available for a few hours a day.

How do I send money to Algeria from Canada

There are three different types of international payment services that you can use to send money to Algeria. These include:

  • Banks. Although banks don’t publish the Algerian exchange rate on their foreign rate charts, you can send money to Algeria by logging on to your Internet banking. You’ll need the recipient’s personal and bank details if they’re not already listed as a beneficiary. You can add them as a payee and send them money this way.
  • International cash payment services. Once you’ve created an account with either Western Union or MoneyGram, you can send funds to Algeria to be collected as cash. These companies don’t offer bank account deposits as they do with other countries and only accept payment from a debit or credit cards. Unlike some banks, both Western Union and MoneyGram are able to deliver the funds in Algerian dinar instead of US dollars only.
  • Online foreign exchange services. These companies can deposit funds in an Algerian bank account. Points of difference include multiple transfer options, bank beating rates and fee transfer thresholds.


AFEX can trade in all international currencies not under international embargo. AFEX offers a number of transfer options suited to trading foreign currencies and is the world’s largest non-bank provider of international payments. AFEX have offices in Toronto, Montreal, Ottawa and Vancouver.

How do I receive money from Algeria in Canada?

Here are three ways to receive money from Algeria in Canada.

  • Bank account. You’ll need to give the sender your bank account name, number and the bank name, address and bank transit number. You may also need to provide your address, including the name of your city and perhaps even your phone number.
  • Cash. Provide photo identification, such as your driver’s licence or passport, and the transfer reference code when you collect cash from an agent.
  • PayPal. Provide your email or phone number to receive a payment to your PayPal account. Although PayPal transfers are sent immediately, they do take a few days to clear into the recipient’s bank account.

Emergency cash transfers in Algeria

The Government of Canada advises Canadian travellers to carefully consider their need to travel to Algeria. There is a high threat of kidnapping, terrorism and banditry in the country. If you’re concerned about picking up cash in Algeria, contact your hotel to see if they can arrange for an escort to accompany you to and from your destination. Major international hotels should be able to provide at least some level of assistance. A money belt is also a good idea for keeping your valuables, such as your passport and cash, safe from pickpockets and thieves.

Have a look at these options for getting access to fast cash in Algeria.

  • Emergency cash assist. If you’ve lost your card or it’s stolen, you can request emergency cash assistance from Visa or Mastercard. The funds in your account can be made available to collect as cash at a local agent.
  • International cash transfer. Western Union and MoneyGram can both send cash to Algeria in just minutes. Both companies are represented by banks in major Algerian cities. Keep in mind that access to emergency funds on the weekend may be a problem in some regions of the country.
  • Travel insurance. Read up on whether you can get an emergency cash provision from your travel insurance policy. For a covered event, you may be able to get access to cash to help with expenses. You will likely need a police report if your wallet or purse has been stolen.

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

MoneyGram have agents in BDL (Banque de Développement Local) banks in Algeria. These agents keep banking business hours, although opening and closing times can vary on the weekend. Western Union have agents in banks and money exchange offices in Algeria.

Western Union


  • Algerie Poste
    Blvd. Hahad Abderrazak Alger, Alger 16603
    Open Monday to Wednesday & Saturday & Sunday 8.00AM to 5.30PM
    Open Thursday 8.00AM to 4.00PM
  • Algerie Poste
    Place De La Republique Alger, Alger 16300
    Open Monday to Wednesday & Saturday & Sunday 8.00AM to 5.30PM
    Open Thursday 8.00AM to 4.00PM


  • Agence Oran Loubet
    13 Bis Ave Cheikh Larbi Tbessi, Boulevard Mohamed 5, Oran, 31000
    Open Monday to Thursday & Sunday 9.00AM to 3.30PM
  • Oran Soumam
    Boulevard De La Soumam, Oran,
    Open Monday to Thursday & Sunday 9.00AM to 4.00PM



  • BDL – 165 – Agence Boumerdes
    24 Compl Commercial Coummam Rte. Boumerdes 35000
    Open Monday to Sunday 8.00AM to 4.00PM
  • BDL 107 – Agence Port Said
    1 Rue Ali Boumendjel, Gare Alger, 1600.
    Open Monday to Wednesday & Sunday 8.00AM to 4.00PM


  • BDL – 210 – Agence Tébessa
    Route Marsot Quartier Remonte, Tebessa, 12000
    Open Monday to Thursday & Sunday 8.30AM to 6.00PM
  • BDL – 232 – Agence Guelma
    Ex Ecole des Cadets, Guelma, 24000
    Open Monday to Thursday & Sunday 8.30AM to 6.00PM

What are the steps to send money to Algeria?

Log in to your Internet banking facility to send money to Algeria. You’ll need to create a new beneficiary if this is your first transfer to Algeria. You’ll need the following information:

  • Recipient’s bank’s SWIFT/BIC. You can usually look this code up if you know the name and address of the beneficiary’s bank
  • Bank transit number
  • Beneficiary’s bank account number
  • Beneficiary’s name, address and city.

If you’re sending cash to Algeria, you must create an account with MoneyGram or Western Union first. Registration is free and only takes a few minutes. To create an account, you’ll need to provide the following:

  1. Personal details. Enter your personal details such as your age, address and contact information.
  2. Identification. You can verify your identity online using your passport, driver’s licence or other government issued ID. Once you have completed this step, you can start making transfers.
Was this content helpful to you? No  Yes

Ask an Expert

You must be logged in to post a comment.

Go to site