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Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.
While you’ll be tempted to visit your bank for a wire transfer to Albania, a reputable money transfer service can typically offer better exchange rates, lower fees and faster delivery — often without you having to leave your home.
Banks don’t often publish exchange rates, but you can sometimes find the rate you’ll receive by logging in to your online bank account.
Whether you send money through your bank, a money transfer provider or any other option, the process is similar.
You have multiple options to choose from when sending money to Albania from the United States. To get the best value for money for your international money transfer, compare the benefits and features of competing services before selecting a provider.
Say that you want to send $1,000 to your sister, who’s traveling around Tirana for the summer. You might find that your bank doesn’t send money to Albania. Exploring alternatives, here’s what you’d pay for a bank account transfer with a big-name provider and an independent money transfer specialist like Ria.
Big-name transfer provider | Online money transfer specialist | |
---|---|---|
Exchange rate | 1 USD = 123 ALL | 1 USD = 125 ALL |
Transfer fee | $25 | $5 |
Transfer speed | 4 business days | In minutes |
Transfer options | Cash pickup | Cash pickup |
Total ALL received | 123,000 ALL | 125,000 ALL |
With an independent money transfer service, you’d save $20 on the transfer fee alone. And with a stronger exchange rate, you’d get 2,000 more Albanian leks to your sister for cash pickup in minutes flat. That’s one happy sibling.
When sending money to friends, family and businesses in Albania, you’ll want to compare these details to get the best deal for your situation.
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Albania’s exchange rates is flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
You might need to make an urgent cash transfer to Albania — for example, if a friend traveling through the country loses their wallet. When you need to transfer funds in a hurry, review the exchange rate and transfer fee that will apply to your transaction.
The fastest possible transfer will often be your most expensive option, so compare the details of your transaction before you commit.
Whether picking up funds in Berat or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. There are federal protections in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
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