Send Money to Togo Cheaply

Information verified correct on December 6th, 2016

Togo

Here’s how to transfer money from Australia to Togo without being charged with hefty bank fees

If you’re originally from Togo and currently living in Australia, you may find that you need to send some money back home. Perhaps you need to repay debts in Togo, or you simply want to send some funds to support your family. Alternatively, you might have a relative travelling in West Africa who finds themselves in urgent need of money, perhaps due to losing their wallet. Whatever your particular circumstances may be, it’s entirely possible to send money to Togo from Australia. In fact, it’s easier and more affordable than ever before to send money overseas. There are several transfer options to choose from, so read on to find out which one best suits your needs.

Compare money transfer options to Togo

The table below can be used to compare products and services which allow you to send money to Togo. Use the table headings to sort through products based on fees, minimum transfer amount and more. If you’re interested in finding out more about a product, click on the ‘More’ button to read a review. Alternatively, if you’re ready to register an account with the provider, click ‘Go to Site’ to be taken to them securely.

Rates last updated December 6th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
AUD 250 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Citibank Plus Everyday Account
A transaction account with free ... transfers to any country and no foreign transaction or international ATM withdrawal fees.
AUD 0 Same day
OnlinePhoneAgent...
Rates are always
changing, click to check
your price today
More
WorldRemit international money transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
AUD 0 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

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Banks vs money transfer companies

The currency in Togo is the West African CFA franc. As this is something of a rare currency in global terms, this can influence your money transfer options. The majority of Australian banks will require you to send another currency to Togo, for example US Dollars or Euros. The recipient’s bank in Togo will then be able to convert those funds into local money. It will also be a little more difficult to find an online money transfer service that accepts this currency than it would for other currencies, though some providers such as OFX will allow you to transfer West African CFA francs. Another option is to use a company such as WorldRemit, Western Union or MoneyGram to send your money. You can make a payment online using a debit or credit card, and your recipient can then pick up their funds from an agent location in Togo. To get a better understanding of the different costs involved, consider the following example.

Case study: Charles sends money from Australia to Togo

Charles is working in Australia for a couple of years but wants to send part of his income back home to support his family in Togo. He decides it will be too expensive to transfer the funds via his Australian bank, so he compares the services of an online transfer service and a well-known money transfer company that allows cash pick-up by the recipient.

Money transfer companyOnline money transfer service
Exchange rate444,848.70 XOF435,905 XOF
Transfer fee$70$20
Amount received for $1,000 AUD (in $NZD)444,849 XOF427,224.38 XOF
Transfer timeMinutesMinutes
Transfer optionsOnline, cash pick-upOnline
Difference of17,624.62 XOF
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How to compare transfer companies when transferring money to Togo

Charles’ example shows that you can save a lot of money by comparing your money transfer options. Different money transfer companies offer different fees, exchange rates and pick-up methods, so consider the following features when deciding how to send money:

  • Exchange rates. Compare the exchange rates offered by each service. Keep an eye out for the fact that some companies will offer a better exchange rate to attract business, but will then charge you higher fees. Remember to consider the exchange rate in conjunction with other features.
  • Fees. Many providers will waive a transfer fee if you send more than a certain amount of money. If you don’t exceed this amount, you’ll have to pay a charge for the privilege of transferring money.
  • Pick-up methods. Some companies only deal in electronic transfers, while others will allow cash to be picked up from an agent location in Togo.
  • Speed of transfers. How long until your money can be accessed in Togo? For emergency transfers, look for a company that offers the fastest possible turnaround times.
  • Transfer methods. Can you send funds online, over the phone or by visiting a branch? Does the transfer fee change depending on which method you use.
  • Minimum amounts. Many companies will require you to transfer a minimum amount in order to use their services. This minimum limit could be as high as $1,000, so look for a company that suits your needs.
  • Customer service. Look for a company that has an excellent reputation for customer service, with both telephone and live chat support options available.
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How to send money to Togo from Australia

As CFA francs are not a commonly traded currency on a global scale, as mentioned above, it may not be possible to transfer Australian Dollars into CFA francs via your bank. With this in mind, a money transfer service may be able to transfer your money for a cheaper price. Companies you can use include:

  • OFX. Transfers to Togo with OFX are conducted electronically.
  • WorldRemit. This company offers transfers to Togo online to be picked up as cash.
  • Western Union. Use Western Union and your funds can be picked up in Togo at a Western Union branch.
  • MoneyGram. Use MoneyGram and your funds can be picked up at a MoneyGram branch in Togo.
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Emergency cash transfers in Togo

There are some situations where you need to transfer funds urgently, such as if you have a relative travelling through Togo who has had their wallet stolen. When you make an emergency transfer, double check the exact exchange rate you are being offered and familiarise yourself with any fees that may apply. You want as much of your money as possible to make it to your recipient, so examine these features closely. In addition, search for a money transfer provider that offers quick turnaround times, as well as store locations where your recipient can pick up their cash. Having the money within a few minutes instead of waiting 24 hours can often make a huge difference. Finally, if your wallet is stolen while you’re travelling around Togo, see if your travel insurance or credit card provider can offer emergency cash in such situations. You’ll also need to report the theft to the police and get a written copy of any report.

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Cash pickup locations in Togo

If you transfer funds to Togo via either Western Union or MoneyGram, here are some details of each company’s most popular cash pick-up locations. For large transfers, phone ahead to ensure the branch in question will have enough cash on hand to hand over to you. You’ll typically need to provide a reference number, transfer details and some identification when picking up cash.

WorldRemit

Lomé
  • Ora bank

    Togo11, Aveue du 24
    Janvier BP Lome-Togo
    Open Monday to Friday 7am to 12pm, Saturday 7:30am to 12:30pm+228-2216221

Agoe
  • Banque Populaire Pour L’epargne Et Le Credit

    Face Commissariat d’Agoe nyive
    Open Monday to Friday 7:30am to 12pm, 2:30pm to 4pm

Sokodé
  • La Poste

    Du Togo Route Internationale No. 1
    Open Monday to Friday 7am to 12pm, 2:30pm to 5pm, Saturday 7:30am to 12:30pm

  • Pya La Poste

    Du Togo Quartier Akei
    Open Monday to Friday 7am to 12pm, 2:30pm to 5pm, Saturday 7:30am to 12:30pm

Western Union

Lomé
  • Agence Adidogome

    2554 Route De Kpalime Face
    Pharmacie Bet
    Lome, Golfe
    +228-22257473
    Open Monday to Friday 7:45am to 5pm, Saturday 9am to 1pm

  • Agence Agoe

    Agoe Assiyeye Route De Mission
    Tove Stat
    Lome, Golfe
    +228-22513555
    Open Monday to Friday 7:45am to 5pm, Saturday 9am to 1pm

Sokodé
  • BPEC Sokode

    Sokode Nationale No 1
    A Cote De Hotel Central
    Sokode, Centrale 904
    +228-25500852
    Open Monday to Friday 7am to 4pm, Saturday 7am to 12pm

  • CIB Komah

    Sur La Route De Bassar
    Non Loin Des Affaires Sociales
    Sokode, Region Centrale
    +228-25-510130
    Open Monday to Friday 7am to 6pm, Saturday 8am to 2pm

MoneyGram

Lomé
  • FUCEC – Lome

    Avenue Maturite Be Avenue
    Augustino De Souza Lome
    22203176
    Open Monday to Friday 7:30am to 4pm, Saturday 9am to 2:30pm

  • Ecobank Togo

    Quartier Nukafu
    Boulevard Jean Paul II Imm Salam
    Lome
    22618662
    Open Monday Friday 7:45am to 5pm, Saturday 8am to 4pm

Sokodé
  • BPEC Sokode

    Quartier Administratif
    Sokode
    25500852
    Open Monday to Friday 7am to 6pm, Saturday 8am to 2pm

  • FUCEC Sokode

    Route Nationale N1
    Sokode, 3451
    25501614
    Open Monday to Friday 7:30am to 4pm, Saturday 9am to 2:30pm

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Tips for picking up cash in Togo

The Department of Foreign Affairs and Trade had not issued travel advice for Togo at the time of writing. However, you need to take care when picking up cash from an agent location. Take a friend with you for extra security and don’t publicise the fact that you’re picking up a large sum of cash. Avoid any questionable areas of town and try to deposit the funds into your bank account as soon as possible.

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How to send money to Togo

As you can see above, you have ample options to consider when you need to send money to Togo. You may have to satisfy different eligibility requirements depending on which service you opt to use, such as supplying your contact details and proof of identification. Some companies offer instant money transfers. However, if the process will take a few days, you will typically be given some sort of tracking number so that you can monitor the progress of your transaction. Transferring money to Togo need not be overly complicated or expensive. In fact, the process is quite simple and hassle-free. However, make sure to compare the services offered by different money transfer services to discover which company will be the best for your financial situation.

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