Things You Can Do to Send Money to Seychelles with Exceptional Results

Seychelles

If you’re looking for the best possible deal when you send money to Seychelles, compare your transfer options and search for the best exchange rate.

Whether you’re planning a trip to the Seychelles archipelago, or have a fortunate relative who has taken up island hopping, chances are you’re visiting this page because you need to send money to this tiny island paradise, and aren’t sure where to start. Luckily for you, we’ve taken care of most of the grunt work, so you can use this handy guide to compare top money transfer services, to find the best service for you.

Compare Money Transfer Services

Rates last updated June 20th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Exclusive: World First International Money Transfers
USD 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.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
AUD 0
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Western Union International Money Transfers
AUD 1
Same day
Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order
Send money online to friends and family around the world with Western Union.
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

Banks versus money transfer companies

When it comes to sending money to the Seychelles, banks are simply not the way to go. Why not? For one, the Seychellois Rupee is a fairly exotic currency, one that banks will likely have difficulty procuring. Secondly, banks often mark up exchange rates and charge high fees on international money transfers.

Dedicated money transfer services, on the other hand, specialize in offering secure and affordable international transfers. Since these companies exchange large quantities of currency every day, they are in a better position to offer downmarket exchange rates with lower fees than the bank.

Case Study: Sue Sends Money to the Seychelles

Sue needs to send $1,000 to her son Pete, who is on holiday in Seychelles. Pete’s wallet fell overboard on a snorkelling trip and he needs some fast cash to hold him over in the interim. Sue knows that her bank may overcharge on exchange rates, not to mention take several days to complete the transfer. She decides to compare two well-known cash pickup transfer companies to see if she can find a more suitable deal.

Money transfer service 1Money transfer service 2
Exchange rateCAD$1 = SCR9.068054CAD$1 = SCR9.1915
Transfer feeCAD$25CAD$70
Transfer methodCash pickup transferCash pickup transfer
Processing time10 minutes10 minutes
Amount received (in SCR)SCR9,068.05SCR9,191.50

While the second company offers a superior exchange rate, using the first company will allow Sue to save $45 in transfer fees.

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How do I compare transfer companies when transferring and receiving money via Seychelles?

Sue managed to glean some useful insight from her comparison between two well-known transfer services. She recommends searching for the following features to make sure you get the best deal.

  • Competitive exchange rates. The lower the exchange rate, the lower the overall price point, especially on lump sums.
  • Minimal fees. Low to no fees on a transaction can equal big savings, and can even offset a less competitive exchange rate, especially on smaller transfers.
  • Various transfer methods. There are many ways to transfer funds, whether you wire them bank-to-bank, collect cash on site or send funds to a mobile wallet.
  • Fast transfer times. Transfers can take a few days or a few minutes, depending on your transfer service.
  • Suitable transfer amounts. The total amount you send can affect which service you use, as well as how much your fees will be.
  • Reliable customer service. Reputation should be a major determinant in which company you choose to use, since you want to be able to communicate with a real person if you encounter any difficulties.
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How do I send money to the Seychelles islands from Canada?

  • Canadian Banks. Many Canadian banks are able to carry out overseas transfers, but you will likely pay more out of pocket for the privilege.
  • Money Transfer Services. Most money transfer services pride themselves on offering bank-beating exchange rates and fees.
  • Cash pickup transfer companies. If you need to send money in a hurry, Western Union and MoneyGram are probably your best bet, just be prepared for a higher price tag.
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    Compare Money Transfer Services

    Money Transfer ServiceTransfer Fee (CAD)Exchange Rate MarkupTotal in SCR minus fees (from $1000.00)
    TransferWise$10$10.876010,769
    Canadian Forex$15$10.461710,298
    XE Money Transfer$0$10.930010,930
    WorldFirst$10$10.644010,537

    Rates updated as of 25 February 2018

    Emergency cash transfers in Seychelles

    If time is of the essence and you need to send money to Seychelles in a pinch, then set your sights on a cash pick-up option like MoneyGram or Western Union to get your money to where it needs to be, hassle-free, in as little as 10 minutes. Just be aware that a faster processing time is linked to higher costs, and keep this in mind before you sign on the dotted line. Once your money is on its way, your recipient will just need to present with their passport at a local pick-up company in the Seychelles (with locations listed below) to collect cash.

    Western Union

    MoneyGram

    • Pick up at Kingsgate House or Savings Bank (Mahe Orion Mall) in Victoria. For pick-ups in Anse Boileau, try Mason’s Xchange (Victoria Revolution Avenue) or UAE Exchange (Independance Avenue).
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    Tips for picking up cash in Seychelles

    If you do have the Seychelles islands on your itinerary, the Government of Canada recommends that you exercise a normal degree of caution. If you happen to need to visit an agent to pick up cash, avoid travelling alone and return to your place of residence to stow cash in a secure location before heading back out into the sun.

    Background for Seychelles

    An island nation, Seychelles is located in the Indian Ocean, off the east coast of Africa. It’s a tourist hotspot for Canadians searching for a tropical paradise, complete with white sand beaches, topaz waters, lush hills and a sublime laid-back tempo. While Seychelles is beautiful, it’s also expensive, since most everything is imported, with the exception of locally caught fish, certain fruits and vegetables and a couple of local brews, including the much-loved SeyBrew Beer and Takamaka Rum.

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