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Find the best way to send money to Togo

Learn how to send money to Togo from the US in our step-by-step guide.

Looking for the best way to send money from the United States to family, friends or businesses in Togo (or even to your own overseas bank account)?

Don't head straight to your American bank – compare specialist money transfer services instead. They nearly always offer better XOF exchange rates and lower fees, so for the same amount of US dollars you send, your recipient will receive more CFA Franc bceaos.

Of the companies we've compared, MoneyGram is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? MoneyGram can get money to your recipient in Togo within minutes.

Best ways to send money to Togo from the US

The best way to send money to Togo depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying US dollars or CFA Franc bceaos , money transfer specialists typically offer better rates and cheaper fees than a local bank.
  • Bank transfer. Bank transfers are an easy way to send money to Togo, but they charge extra for the convenience and are often slower than other methods. US banks generally add a 3% to 6% markup onto exchange rates.
  • Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Togo.
  • Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
  • Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.

Compare the best money transfer companies to send money to Togo

Use our table to compare the best money transfer companies to send money to Togo. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Togo.
1 - 3 of 3
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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Cheapest way to send money to Togo

Bank transfers are typically the cheapest way to get your money to Togo. MoneyGram and have some of the lowest bank transfer fees of the brands we've compared.

When you're hunting down the cheapest ways to send money to Togo, it's more important to look at the overall cost of your transfer. This has a couple of elements:

  • Transfer fees. While still cheaper than your American bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market USD/XOF exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many CFA Franc bceaos your recipient will end up with.

Fastest way to send money to Togo

Many online providers can offer transfers to Togo within minutes, although you're likely to pay a premium for the convenience.

Here are some of the fastest average transfer speeds to Togo:
  • MoneyGram — within minutes

Actual transfer times from the United States to Togo can depend on several several factors including transfer amount, payment method and currency.

Safest way to send money to Togo

The safest way to get your money to Togo is to use a provider registered with the United States's industry regulator, the Consumer Financial Protection Bureau. All the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both the United States and Togo.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Togo

If you need to make a sizable money transfer to Togo, consider using a provider such as OFX to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Togo may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the IRS's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the XOF exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, providers such as MoneyGram and OFX International Money Transfers (Business) can give you support over the phone.

How to send money to Togo from the US

To send money to Togo, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Togo. One may be better for cash pickups, while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Togolese bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Make sure you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total CFA Franc bceaos your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Togo. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it, too.

How to choose the best money transfer companies to send money to Togo

When choosing a money transfer provider to send money from the United States to Togo, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the XOF you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Togo for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Togolese bank account or is cash or cell phone top-up a better option? Each transfer type has different fees. For example, instant cash pickups tend to be more expensive than bank transfers .
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as MoneyGram offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Togo faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, MoneyGram allows transfers up to $25,000.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of CFA Franc bceaos.

Frequently asked questions

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer)
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Remitly
Within minutes
From $0
Remitly has quick, affordable transfers around the world, with both express and economy options.
PayPal (business)
Within minutes
$0
Provides business solutions for small business owners in over 24 currencies worldwide. Try 3 months free of Spotify Premium when you sign up with PayPal.
CurrencyFair
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
OFX
24 hours
$0
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Remitly
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
CurrencyFair
24 hours
€3
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Remitly
Within minutes
From $0
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
PayPal
Within minutes
From $0
Use PayPal to safely send money and receive payments from around the world in over 25 currencies with just an email address or mobile number. Try 3 months free of Spotify Premium when you sign up with PayPal.
MoneyGram
Within minutes
From $0
MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
OFX International Money Transfers (Business)
24 hours
$0
Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
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4 Responses

    Default Gravatar
    KeshaFebruary 28, 2019

    We are US citizens and bought land in Togo this past year. We are wanting to build a vacation home on the land. We still have relatives that live in Togo that we trust. How can we send large amounts of money to Togo and avoid a lot of small transactions.

      AvatarFinder
      JoshuaMarch 3, 2019Finder

      Hi Kesha,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      There are a few options that you have, Kesha. You can do a bank to bank transfer or use a money transfer service provider. However, generally speaking, it is the latter that gives you better rates.

      Now, if you are sending a large amount of money, you would need to declare that to the IRS, especially if your money transfer exceeds $10,000. You can learn more about this by getting in touch with the IRS.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    PatrickFebruary 28, 2019

    Can money be sent from Africa (Nigeria, Ghana or Togo) to the USA via Western Union or MoneyGram?

      AvatarFinder
      JoshuaMarch 3, 2019Finder

      Hi Patrick,

      Thanks for getting in touch with Finder. I hope all is well with you. :)

      Yes. Generally speaking, Western Union and MoneyGram are accepted in Africa. You would simply need to find an agent location in Africa to commence your money transfer. Alternatively, you can also visit the website of MoneyGram by clicking on the “Go to site” green button found on the table above.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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