Compare your options to spend less on money transfers to Angola.
If you’re looking to send money to Angola, remember to compare options first.
You could save a lot and find the money transfer service that best suits your need by considering fees, exchange rates, transfer times and how your recipient will get their funds.
How much does it cost to send money to Angola? Compare your options
The calculator below shows how much it may cost with different providers when you’re sending money to Angola. Just enter the transfer amount and it will show costs.
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.
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.
If you’re not in a hurry, you might be able to find slower but more cost-effective money transfer options, including some which could arrive within one or two days.
Express transfers will often be more expensive.
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 INR/AOA mid-market rate.
Updated: 18 Sep 2019 20:48:27 UTC
Cash pick-up locations in Angola
AGENCIA DE CAXITO Bairro Fiscal, Caxito, Bengo +244-234281099 Mon-Fri 8am to 8pm
Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
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