In recent years, there has been a growing need for affordable and fast ways to send money between Canada and the African nation of Botswana. While some Canadian banks may allow international money transfers to Botswana, the banks tend to charge high transfer fees, give poor exchange rates and take three to five days to send the funds.
Specialist transfer service companies have emerged on the market in the last few years. These companies send large sums of money around the world daily, allowing them to charge lower transfer fees and give better exchange rates than the banks can.
If you’re looking to send money to Botswana, read our guide to discover more information.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Send money to Botswana with WorldRemit
Compare money transfer services in the table below
Sam wants to send some money to his sister who is travelling through Botswana. She has spent more money than she thought she would and needs around $1,000 Canadian dollars to get her through the rest of her trip without tightening her budget.
Although Sam knows he can send an international transfer through his bank, he decides to create a comparison table between his Canadian bank and the services of a specialist money transfer company. You can see the results of his comparison in the table below, showing what his sister will receive in the local currency, Botswana pula.
| International Money Transfer | Canadian Bank | |
|---|---|---|
| Exchange rate | CAD$1 = 7.14 BWP | CAD$1 = 7.01 BWP |
| Transfer fee | CAD$13.99 | CAD$25 |
| Amount of money received in BWP | BWP7,137 | BWP7,010 |
| Transfer time | One to two days | Three to five days |
| Transfer options | Online | Phone, online, in person |
| Difference | +BWP127 | –BWP127 |
As you can see, Sam can send his sister over BWP127 more and can save CAD$11 on transfer fees if he chooses the specialist money transfer service. Furthermore, the money will arrive much faster than the turnaround time the bank offers.
Today’s exchange rate CAD to BWP
You’ll need to visit a store-front location of either MoneyGram or Western Union to pick up emergency funds. Both of these companies allow for cash pick-up, which can be retrieved within minutes of the transaction being sent.
Keep in mind emergency transfers tend to incur higher fees than transfers that take a couple of days to arrive. If you need emergency money however, overlooking the fees may not be an issue.
Sending money to Botswana is fairly simple. Botswana has a reputation for being one of the most peaceful countries in Africa, but it’s still advisable to double-check the area where you’ll be picking up money. Always pick up money in the daytime and try to take someone with you for support. Never flash your cash around and avoid public transportation with large sums of money. Put your cash in a safe place as soon as possible.
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