How to send money to Zambia

The safest and most cost-effective ways of sending money to friends and family in Zambia from Canada.

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If you’re looking to get the most bang for your buck when sending money to Zambia, check out this useful guide, which breaks down the difference between banks and online transfer companies, and offers a side-by-side comparison between the two services.

WorldRemit International Money Transfers Offer

WorldRemit International Money Transfers


WorldRemit can help you get your money where it needs to go in minutes, with upfront exchange rates and low fees.

Use promo code FINDERCA on your first transfer and pay zero fees. T&Cs apply.

  • Transfers to 150+ countries
  • Send to bank account, cash pickup, mobile money, airtime top up
  • Pay with card, Interac or Apple/Android Pay

    Compare money transfer services below

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    CAD 0 Within an hour CAD 3.99 11.267 ZMW
    56,290
    Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
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    Compare up to 4 providers


    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.

    Banks versus money transfer companies

    Some Canadian banks may allow transfers to Zambia but they tend to charge high transfer fees and offer poor exchange rates. On the other hand, using the services of a dedicated money transfer company can secure you cheaper transfer fees and more competitive exchange rates, in addition to fast transfer speeds.

    Case study: Thandi sends money to Zambia

    Thandi has been living and working in Winnipeg for a couple of years and she sends money home from time to time to help her parents, who run a small grocery store in Lusaka. She has always used her bank to facilitate wire transfers, but is fed up with their sub-par exchange rates and a steep $50 fee per transfer. She decides to compare two online money transfer providers to see if she can track down a better deal. The comparison below is based on exchange rates in the fall of 2018, so check current rates before making your choice.

    Money transfer company AMoney transfer company B
    Exchange rateCAD$1 = 7.12 ZMWCAD$1 = 7.01 ZMW
    Transfer fee$14$40
    Amount of ZMW received in Zambia for $1,000ZMW 7,120ZMW 7,010
    Transfer timeTwo daysMinutes
    Transfer optionsOnline transferOnline, by phone or at a branch

    Thandi realizes that she can save around ZMW 110 (around $11.50) in the exchange rate with the second money transfer option, with an additional $31 in fees. If Thandi sends money every month, this amounts to approximately $510 over the course of one year.

    What factors should you consider when transferring money between Zambia and Canada?

    • Exchange rates and fees. Compare the exchange rate on offer with the transfer fees charged by each company. Look for an exchange rate that’s as close as possible to the mid-market rate (which is the rate you can find by searching “CAD to ZMW exchange rates” on Google).
    • Pick-up methods. You can generally send money directly into your recipient’s bank account or make cash available for pick-up at an agent or branch location.
    • Turnaround time. The turnaround time for each company can range from just a couple of minutes for cash transfer companies to up to three business days for other money transfer companies. Banks generally take three to five days to send money.
    • Customer service. Always choose a reputable company that has positive feedback from customers. If you have any problems, find a company that will allow you to contact them via phone, email or online chat.

    How to send money to Zambia from Canada

    • Banks. Some Canadian banks may let you send money directly to Zambian bank accounts, in which case you’ll need the recipient’s bank account details. You can also think about sending a bank-issued cheque, money order or bank draft using snail mail.
    • Non-banks. Cash transfer companies such as Western Union and MoneyGram have several cash pick-up locations in Zambia. Other money transfer companies like WorldRemit allow you transfer money directly to a Zambian bank account. PayPal also allows transfers to Zambia from Canada, so long as both you and your recipient have PayPal accounts.

    Emergency cash transfers in Zambia

    Cash transfer providers like MoneyGram and Western Union can be a real lifesaver in the event of an emergency but buyer beware:these are often the most expensive options for sending money overseas. Make sure to pay special attention to the overall cost of exchange rates and transfer fees before you sign on the dotted line.

    Tips for picking up cash

    The Government of Canada recommends that Canadian visitors to Zambia exercise a high degree of caution (as of 01 October 2018). Petty crimes such as pickpocketing, purse snatchings and vehicle break-ins are common, particularly in and around bus and railway stations, nightclubs, some shopping areas in Lusaka, Copperbelt towns, other main cities and tourist centres. If you do need to collect cash, look for an agent location in a safe neighborhood and call ahead to make sure they’ll have cash on hand. Visit during daylight hours in the company of a good friend and return to your hotel to stow your cash in a safe place as quickly as possible.

    Steps to send money to Zambia

    The steps you have to follow when sending money to Zambia from Canada depend on the method you choose.

    1. To a bank account. If you’re sending money through your Canadian bank, you may need to provide your recipient’s name and account details, along with a SWIFT code (which is an international banking code). The same information is typically required by a money transfer service, but you will need to go through the additional step of registering for an account, which often takes less than 10 minutes.
    2. To a cash pick-up location. You’ll need to provide the name of the recipient along with a desired cash pick-up location. To pay for the transfer, you should provide details of your bank account, debit card or credit card. After initiating the transfer, you’ll receive a reference number, which your recipient will need to collect the cash.

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