Take advantage of low fees and competitive exchange rates when sending money to Azerbaijan.
Why we like: World First
Pay $0 fees to transfer money in more than 140 currencies to more than 45 countries overseas.
Convenient money transfers with excellent customer service and no transfer fee every day:
- Enjoy competitive exchange rates.
- Lock in low rates with forward contracts and limit orders.
- Get weekly updates on the market.
Case Study: Money transfer providers comparison
Jason is a local from Atlanta, Georgia, and has long planned to take a trip starting in Ukraine, going through Turkey, and ending in the city of Baku, Azerbaijan.
Jason researches the best way to transfer funds to Azerbaijan in case of an emergency. See what he learned below:
|Money transfer company A||Money transfer company B|
|Exchange rate||1 USD = 1.668 AZN||1 AUD = 1.698 AZN|
|Transfer fee||45 USD||0 USD|
|Amount for $1,000 USD||1,593 AZN||1,698 AZN|
|Transfer time||1 day||1 day|
|Transfer options||Online, bank account to bank account||Online|
How did Jason compare transfer companies when transferring money between Azerbaijan and the U.S.?
- Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
- Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
- Fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
- Turnaround time. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
- Transfer options. Some options included are regular payments, once-off payments, market orders, and forward contracts.
- Customer Service. Most companies offer customer service by internet chat, phone, in person or by email. Make sure help will be available if you need it.