Statue in Belarus

How to send money to Belarus

Save money when you want to send money from the US to Belarus.

When you need to get money to a loved one overseas, the last thing you want to do is lose money on high transfer fees and poor exchange rates. . Compare these money transfer services to get the best deal.

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Compare money transfer services to Belarus

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Belarus with our money transfer partners.

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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
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting
Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
RIA Money Transfer
USD 1 3 - 5 days - - Online, Agent, Cash Transfer No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site View details
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Compare up to 4 providers

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, Belarus. 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.

 

Case Study: Compare money transfer companies when sending U.S. dollar or euros to Belarus

Victor is part of an upstart online journalism platform and has gotten the opportunity to branch out in the U.S. He knows he will need to transfer money back to Belarus on a regular basis, so he compares his options. He weighs his options for transferring $1,000.

Money transfer company AMoney transfer company B
Exchange rate1 USD = 20,026.25 BYR1 USD = 19,700.00 BYR
Transfer fee70 USD60 USD
1,000 USD in BYR20,026,250 BYR19,700,000.29 BYR
Transfer timeMinutesMinutes
Transfer optionsOnline, Phone, AgentOnline, Phone Agent
Difference in USD326.25326.25

What should I focus on when comparing transfer providers?

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-time orders?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfer?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. What sort of customer support is offered and during what hours can you receive assistance?

Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Banks vs. money transfer providers

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually present less competitive exchange rates coupled with high transfer fees.

You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.


How can I send money to Belarus from America?

  • Bank transfers. Bank-to-bank transfers may cost more than other options but they are a secure way to send money to Belarus.
  • Online money transfer providers. A reliable online money transfer company can offer fast and cost-effective transactions.
  • Money transfer companies with cash pickup options. MoneyGram and Western Union are the world’s two largest providers of this service.
  • PayPal. PayPal offers secure international money transfers to many destinations around the world.
  • Checks. International checks can be obtained from U.S. banks and then sent overseas.

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