How to send money to Botswana

Quickly send money from the US to Botswana.

Whether for business or personal reasons, if you need to send money to Botswana, you have a few options. Botswana Pula are considered an exotic currency — which means it’s not a currency most forex providers deal in.

Popular Western Union and MoneyGram both have a presence in Botswana and can send a cash payment quickly, but these speedy transfers can be expensive. An online specialist like World First could save you money with lower fees and stronger exchange rates.

World First Foreign Exchange

World First International Money Transfers

Most Convenient money transfers with excellent customer service. Send to 140+ currencies in 45 countries.

Special $0 fee offer for finder.com readers:
Because World First is a trusted partner of finder.com, you can send your money transfer overseas for free.

  • Enjoy competitive exchange rates.
  • Get even better exchange rates with forward contracts and limit orders.
  • Receive weekly updates on market exchange rates.

    Compare Money Transfer Services

    Our interactive table lets you compare current fees, exchange rates, transfer speeds and other details about sending your money overseas. Enter the amount you’re transferring, and see how much will arrive at your destination.

    I want to send

    to

    Enter your details to speak to a foreign exchange expert

    By submitting this form, you agree to finder.com privacy policy
    Ofx Logo

    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
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 10.047 Online BWP 50,236 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View 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
    Currencies Direct International Money Transfers
    USD 100 2 days USD 0.00 10.097 Online BWP 50,486 $0 transfer fees with rates at never more than a 2% markup. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    How to send money to Botswana

    Whether you send money through your bank, a money transfer provider or any other option, you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

    Back to top

    Banks vs. money transfer companies

    While you’ll be tempted to visit your bank for a wire transfer to Botswana, 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.

    How much will I pay to send money to Botswana?

    Quett Khama arrived in the US for work, and he managed to land a job with company in Silicon Valley. He found that he made enough money to send home to Botswana to help his aging parents. He figured he could afford to send around $2,000 every other month.

    He compared two money transfer companies, and this is what he learned:

    MoneyGramWestern Union
    Exchange rate1 USD = 10 BWP1 USD = 9.50 BWP
    Transfer fee$25$124.00
    Transfer speed1-3 daysIn minutes
    Transfer optionsBank transferCash pickup
    Total ALL received
    19,750 BWP17,822 BWP

    MoneyGram is the clear winner in this comparison, even though the transfer will take more time. Not only is the exchange rate better with MoneyGram, but the $124 fee is hard to swallow. Since Quett planned ahead, he has the time to save money on the slower transfer sending his parents $1,928 more pulas.

    How do I compare money transfer companies?

    You’ll want to consider costs, of course. But other factors can also affect your choice.

    • 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.
    • Transfer 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.
    • 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.
    • Transfer speeds. 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 limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
    • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
    • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
    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 yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    Back to top

    What are the ways that I can send money to Botswana?

    • Bank transfers. Confirm whether your bank will allow you to send money to Botswana.
    • Money transfer providers. Providers like PayPal and World First can help you quickly and easily transfer your money online.
    • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
    • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
    • PayPal.Electronic payment giant PayPal allows you to send money from the US to Botswana.

    Emergency cash transfers in Botswana

    You might need to send an emergency cash transfer to Botswana — for example, if a relative traveling through the country loses their wallet. When you need to transfer funds urgently, 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.

    Back to top

    Tips for picking up cash in Botswana

    Whether picking up funds in Maun or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

    • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
    • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
    • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
    • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.

    How safe is a money transfer?

    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.

    Back to topFind a money transfer location near you

    Back to top

    Bottom line

    Explore your options if you want to send money to Botswana. Whenever you need to send money overseas its always important to compare the benefits and features of competing services to get the best rate.

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

    US International Money Transfers Offers

    Learn about our information service
    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

    Use promo code FREE to send your first transfer for no fee, to over 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.

    feedback