Wondering how to send money to Afghanistan from the U.S.? Here’s the information you need.
Compare International Money Transfers to Afghanistan
Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.
With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:
- Buying property abroad
- Regular overseas payments
- Risk management
- If the provider quotes a different rate to the one above please let us know
How do international money transfers work?
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Afghanistan. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country. Currently, the only providers that offer money transfers to Afghanistan are Western Union and MoneyGram.Back to top
Western Union and MoneyGram
Jack has long been involved in political activism and has recently decided to join an NGO to assist Afghans who have been displaced by the fighting in their country. He looks into wiring money to Afghanistan and learns that currently no U.S. banks transfer funds there. After further research, he finds that Western Union and MoneyGram offer this service. He compares the details of sending $500.
|Exchange rate||1 USD = 64.6757 AFN||1 USD = 66.06 AFN|
|Transfer fee||$42 USD with a debit/credit card$20 USD via bank account||$31 with a debit/credit card$15 USD via bank account|
|Transfer time||In minutes with a debit/credit card4 business days via bank account||10 minutes with a debit/credit card1-4 business days via bank account|
|Transfer options||Online, agent location||Online, agent location|
|How money is received||Cash pickup||Cash pickup|
|Transaction total||$542 debit/credit card$520 bank account||$531 debit/credit card$515 bank account|
|Amount received||32,337.86 AFN||32,955.12 AFN|
As you can see, with MoneyGram’s superior exchange rate he will receive a little over 600 more Afghan afghanis, and he will save on the transfer fee as well.Back to top
How to compare transfer companies when transferring money to Afghanistan
You’ll want to consider costs, of course. But other factors can also affect your choice.
- Exchange rate. U.S. dollars are converted to Afghan afghanis at an exchange rate that’s set by the transfer provider. These rates vary day to day, even moment to moment, and among providers.
- Fees. Most companies charge a fee to transfer your money around the world, though some will waive that fee for large transfers. The fee and the exchange rate determine how much your transfer will cost.
- Minimum amounts. Some companies will transfer as little as a dollar, but others won’t deal with anything less than a few hundred. Look for a match with what you’re trying to send.
- Urgency. If the money needs to get there ASAP, most providers complete transactions in a day or two. Some can do it in minutes, at a higher cost. The fastest availability usually comes with picking up the funds in cash. Surprisingly, using a credit or debit card on your end can be faster than pulling money directly from a checking account.
- Process and scheduling. Do you prefer to send money online, over the phone or in person? Do you want to schedule a future transfer or use a forward contract in anticipation of better exchange rates?
- Payment methods. Will you pay with cash, a bank account or a debit or credit card? Transfer agents often see debit cards as quicker and more secure than the bank accounts they’re based on. However, using a credit card can trigger cash advance charges from your credit card company.
- Customer service. How much help will be available if you hit a snag or have a question? Are the support hours convenient?
What will I need to send money to Afghanistan?
When sending funds through Western Union or MoneyGram you will first be required to sign up for a free account. You will then be asked to provide the following information:
- Your name, address, contact information and ID.
- Your beneficiary’s name and the agent location where they will pick up the funds..
- How much money you’re sending, in what currency and which country you’re sending it to.
Once you have completed your transaction, you will be given a tracking number. Make a note of this number so you can monitor the progress of your money transfer.Back to top
Tips for picking up money in Afghanistan
Afghanistan has faced war, violence and political turmoil over the past couple of years. It’s important to stick to main towns and not wander into unknown places when looking for a cash pickup agent. Moneygram and Western Union list their cash pickup locations on their respective websites, so make sure to research the area well before heading to a location in a smaller town. When picking up cash, have a valid photo ID and the correct reference or transaction number. Bringing a copy of the receipt and the sender’s details is also recommended.