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The Central African Republic is not a popular transfer destination, which means you’ll have fewer providers to choose from. But you can still save money by using a transfer specialist instead of your bank.
The Central African Republic is subject to international sanctions. As a result, you may be required to provide additional information when sending money there, and some transfers may be restricted.
Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to the Central African Republic. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.
Digital money transfer service | Cash transfer | Bank transfer | |
---|---|---|---|
Fee | $0 | $4 | $25 + additional correspondent bank fees |
Exchange rate | 1 USD = 541.958 XAF | 1 USD = 543.596 XAF | 1 USD = 517.011 XAF |
Transfer speed | 1-2 days | Minutes | 2-5 days |
Amount received | XAF$541,958 | XAF$541,427 | XAF$504,086 |
Verdict |
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The bank option ends up being the slowest and gets the smallest amount of money to your recipient in the Central African Republic. A digital transfer sends the most, which is XAF$37,872 more than the bank. For speed, a cash transfer can typically have your transfer to the Central African Republic in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.
Sign up and send money to the Central African Republic with a digital money transfer specialist in four steps:
Weigh costs and fees against convenience to best compare money transfer providers that send to the Central African Republic. Consider:
Banks and money transfer companies use exchange rate to calculate how much the Central African Republic's currency is worth when converted to USD. The USD-XAF relationship can change daily based on global economic stability, interest rates, inflation and more.
Today's exchange rate USD to XAFSending money to relatives or family members in the Central African Republic may be subject to taxes on the money transfer and certain documents may be required.
In general, any large transfers being sent from the US to the Central African Republic should be filed with the IRS to avoid any penalties.
To pick up money in person, documentation may include:
Sending your hard-earned money to the Central African Republic shouldn't cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.
To send money from the US to the Central African Republic, you'll need documentation and details that include:
PayPal does not offers service in the Central African Republic. Instead, compare money transfer options that allow you to send money to the Central African Republic.
Sigue offers speedy money transfers to 50+ countries, but you have to set up a transfer to see the transaction fees.
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