Chances are that you’ve landed on this page because you want to send money to the Solomon Islands and aren’t sure where to start. Lucky for you, you’ve come to the right place! We’ve compiled this handy guide to help you save big when you send money to this tiny island nation, with competitive exchange rates and low fees.
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.
If you’re looking to send some spare change to family and friends in the Solomon Islands, there are plenty of banks and money transfer services willing to lend a helping hand. So which option should you choose? Check out some of the key differences between both options before you fork over your hard-earned cash.
Liam’s sister Chelsey is traveling in the Solomon Islands when she loses her wallet. She calls her brother to ask him if he can send some cash to tide her over while she waits for her debit and credit cards to be replaced. Liam wants to send money to his sister as quickly as possible but also intends to find the best deal. He decides to compare two cash transfer companies which will allow him to send money overseas in less than 24 hours.
| Cash Transfer Service 1 | Cash Transfer Service 2 | |
|---|---|---|
| Exchange rates | CAD$1 = SBD 6.010 | CAD$1 = SBD 5.995 |
| Transfer fees | $25 | $40 |
| Transfer speed | 10 minutes | 10 minutes |
| Options available | Cash pick-up | Cash pick-up |
| Amount received (for $1,000) | $6,010 | $5,995 |
Liam realizes that he can save SBD 15 (around $2.50) if he chooses the first cash transfer service, with an additional $15 in fees.
If you’re looking to send money to the Solomon Islands, you should consider the following features before settling on a service.
While many of the options for sending money to the Solomon Islands have been covered at length in other parts of this post, we’ll give you a short and sweet breakdown of what’s available so that you can pick the best option for you.
If you find yourself in a bit of a tight spot or you need to send money to a friend or loved one traveling overseas, you can register with a cash transfer company like Western Union or MoneyGram. These companies typically cost more than dedicated money transfer companies, but can be a lifesaver in case of an emergency.
Are you looking to pick up cash from a transfer agent in the Solomon Islands? The Government of Canada recommends that you take normal security precautions. Petty crimes like pickpocketing, purse snatching and theft are common, so it pays to make sure that your personal belongings are secure at all times. If you need to pick up cash, keep the following tips in mind to stay safe.
For most money transfer services, you will often need to provide some or all of the following in addition to an account with the bank or a cash/money transfer service you plan to use:
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