Here Are Ways to Send Money to Algeria Easier and Faster

Information verified correct on February 21st, 2017

Bab-Ezzouar-AlgeriaFind out how to send money to Algeria.

There are only a handful of companies you can use to send money to Algeria. Algerian dinars are not a common, for example some banks can only make payments in Algeria in US dollars. Rather than spend your time visiting each provider’s website, we’ve come up with a list of transfer companies and services you can use to send money to Algeria.

Smartraveller.gov.au advises Australian travellers reconsider their need to travel to Algeria. There is a high threat of kidnapping, terrorist attack and banditry. If you’re concerned about picking up cash in Algeria, contact your hotel to see if they can arrange for an escort to accompany you to and from your destination. Major international hotels should be able to provide at least some level of assistance at this request. A money belt is also a good idea for keeping your valuables such as your passport and cash safe from pickpockets and opportunistic thieves.

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Rates last updated February 21st, 2017

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
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World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
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WorldRemit International Money Transfers
Fast... Fast, low-cost transfers to 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
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TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
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OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
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Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
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RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
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HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
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Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
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TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
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Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
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Case Study: Banks versus money transfer companies

A small number of money transfer companies let you send money to Algeria and most banks can’t support this currency. You can see the main features of each different type of international payment service below. In this example, the bank is only able to send US dollars to Algeria.

BankInternational cash payment service
Exchange rate1 AUD = 0.6781 USD1 AUD = 74.1400 DZD
Transfer fee$22.00$70.00
Amount received for $1000 (in Algerian dinars)663.18 USD (70,598.83 DZD)74,139.98 DZD
Transfer time4 – 6 business days.Minutes
Transfer optionsBank account depositCash
Difference ofN/A3541.15 DZD

Correct 1.30PM 04/02/16

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How do I compare money transfer companies?

  • Exchange rate. First, compare providers by whether they’ll exchange Australian dollars to Algerian dinars. Most online money transfer companies don’t exchange AUD to DZD while others can only send US dollars to Algeria.
  • Transfer fee.  The extra fee to send money to Algeria. Due to the exotic nature of the Algerian dinar, paying a high transfer fee may be unavoidable.
  • Transfer time. Bank account deposits take a number of working days to clear whereas cash collection can be ready right away. Faster transfers incur higher fees.
  • Payment options. Bank deposits, credit cards, debit cards and cash are all accepted methods of payment. Card and cash payments clear instantly.
  • Collection options. Banks and most companies deposits funds into the beneficiary’s bank account, Western Union and MoneyGram have agents in Algeria where cash can be collected in person.
  • Transfer limits. Look for the provider’s transfer limits if you’re sending less than $100 or more than $10,000.
  • Transfer options. A number of providers offer transfer options suited to trading currency as well as one off payments to Algeria.
  • Customer service. Is there an Australian based customer service team available for you to contact if you have any questions about your trade.
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How do I send money to Algeria from Australia  

There are three different types of international payment service you can use to send money to Algeria.

  • Banks. Although banks don’t publish the Algerian exchange rate on their foreign rate charts, you can send money to Algeria by logging on to your internet banking facility. You’ll need the recipient’s personal and bank details if they’re not already listed as a beneficiary.
  • International cash payment services. Once you’ve created an account with either Western Union or MoneyGram, you can send funds to Algeria to be collected as cash. These companies don’t offer bank account deposits like they do with other countries and only accept payment from a debit or credit card. Unlike some banks, both Western Union and MoneyGram are able to deliver the currency Algerian dinar opposed to US dollars.
  • Online foreign exchange services. These companies can deposit funds in an Algerian bank account. Points of difference include: multiple transfer options, bank beating rates and fee free transfer thresholds.

AFEX - AFEX can trade in all international currencies not under international embargo. AFEX offer a number of transfer options suited to trading foreign currencies and is the world’s largest non-bank provider of international payments.

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How do I receive money from Algeria in Australia?

Here are three ways to receive money from Algeria in Australia.

  • Bank account. You’ll need to give the sender your bank account name, number and the bank name, address and SWIFT code. You may also need to provide your address including the name of your city.
  • Cash. Provide photo identification such as your licence or passport and transfer reference code when you collect cash from an agent.
  • PayPal. Provide your email or phone number to receive a payment to your PayPal account.
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Emergency cash transfers in Algeria

Have a look at these options for getting access to cash in Algeria fast.

  • Emergency cash assist. If you’ve lost your card, or it’s stolen, you can request emergency cash assistance from Visa or MasterCard. The funds in your account can be made available to collect as cash at a local agent.
  • International cash transfer. Western Union and MoneyGram can send cash to Algeria in minutes. Both companies are represented by banks in major Algerian cities. Access to emergency funds on the weekend may be a problem in some areas.
  • Travel insurance. Read up on whether you can get an emergency cash provision from your travel insurance policy. For a covered event, you may be able to get access to cash to help with expenses.
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What are the steps to send money to Algeria?

Log on to your internet banking facility to send money to Algeria. You’ll need to create a new beneficiary if this is your first transfer to Algeria. You’ll need the following information.

  • The recipient’s bank’s SWIFT BIC. You can usually look this code up if you know the name and address of the beneficiary’s bank
  • The bank number
  • Beneficiary’s bank account number
  • The beneficiary’s name, address and city.

If you’re sending cash to Algeria, you must create an account with MoneyGram or Western Union first. Registration is free and only takes a couple of minutes. To create an account provide your:

  1. Personal details. Enter your personal details such as your age, address and contact information.
  2. Identification. You can verify your identity online using your passport, driver’s licence or medicare card. Once you have completed this step, you’re free to start making transfers.
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HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Fast, low-cost transfers to 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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