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How to send money to Angola

Compare your options to spend less on money transfers to Angola.

Updated

Fact checked

Angola is growing rapidly and money is constantly flowing into it.

If you’re looking to send money to Angola, remember to compare options first. You could save a lot of money just by checking the different options available.

How much does it cost to send money to Angola? Compare your options

Data indicated here is updated regularly
Name Product Minimum Transfer Transfer Time Transfer Fee
TransferWise - Ireland
EUR 1
1-2 days
Varies
Azimo - Ireland
GBP 10
Instant
Varies
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99
Skrill - Ireland
EUR 50
1 day
None
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
WorldRemit - Ireland
EUR 1
Same day
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
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Step-by-step: How to send money to Angola

  1. Choose your service from the options listed here that can send your euros to kwanza.
  2. Go to the service’s website and create an account.
  3. Create a new money transfer order on the website, including the amount and the recipient’s details.
  4. Confirm your transaction details and make the payment. Your money is now on its way.

What’s the best way to send money to Angola?

There are three basic ways of sending money overseas. The best way of sending money to Angola will depend on what you and the recipient are looking for.

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Banks

Bank transfers are reliable and can be convenient, but also tend to be slow and expensive. In general, banks can be more suitable for business payments than remittances.

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Cash transfers

If you want to pay with cash, or the recipient wants to pick up cash somewhere in Angola, there are many services available. This is fast but can be more expensive than online transfers.

Blue icon representing money transfers Image: Infogram

Money transfer services

These online-only services can be among the cheapest options available, but will generally require you to pay with a bank transfer.

How long will it take to send money to Angola?

How long it takes to send money to Angola depends on a range of factors. If you want to get money there as fast as possible, cash transfers may be the most efficient choice.

Alternatively, if both you and the recipient have a suitable mobile money account, such as e-Kwanza, you can send mobile money payments instantly.

Emergency cash transfer

Services that specialise in cash transfers can help you send money to Angola, offering pick-up locations around the country. These transfers generally take only minutes.

However, the recipient will still have to travel to the pick-up location and will have to visit it during its business hours to make the collection.

How to send money to Angola without a bank account

If you don’t have a bank account you may have to pay with cash at an agent location. There is a wide range of agent locations around the world, although some services will have better coverage in some countries than others.

Your recipient can still make a cash pick-up without a bank account, and can also receive mobile money payments without necessarily having a bank account.

What to watch out for

Angola is very cash oriented, so cash transfers are considered the norm. It also imposes tight restrictions on the Angolan kwanza to prevent it from leaving the country in large amounts.

There are generally few restrictions or taxes on money coming into the country, but sending money from Angola to other countries is much more difficult.

Documentation you’ll need to send money to Angola

When you send money to Angola, some of the things you may need to provide include:

  • Identification. For example, a driver’s license or passport to provide proof of the other details you provide. Your recipient may also need to provide proof of identity.
  • Transfer details. This includes the amount and that you want to send to the Angolan kwanza. You may also need to provide additional information such as the reason for sending the money.
  • Recipient’s details. This is the recipient’s name and contact information. You’ll also be given a transfer number, which you should send to the recipient so they can collect the money.

What to compare to get the best deal

You can compare on cost alone, but there are other factors to consider too.

  • Fees. The fees are often the main cost, but you should also consider exchange rates.
  • Exchange rates. On large transfers, the exchange rates can be one of the biggest expenses.
  • Transfer speed. If you need the money to arrive in a hurry, look for services which are convenient for the recipient.
  • Payment options. How would you like to pay for you transfer? Your options may vary depending on whether you’d prefer to pay with card, cash or a bank transfer.
  • Delivery methods. Is cash pick-up fine, or do you want to send the money directly to the recipient’s bank account?
  • Customer service. Who do you contact in case something goes wrong? Does the money transfer service have a good reputation for customer service?

Foreign exchange rates explained

The exchange rates can make up a large portion of the total costs, especially for larger transfers.

To find out how good your rates are, compare the exchange rate offered by the transfer service to
the current EUR/AOA mid-market rate.

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Updated: 24 Nov 2020 03:48:32 UTC

Cash pick-up locations in Angola

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