7+ best ways to send money to Chad | finder.com

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Send money to Chad

Sending cash is the fastest way to get money to your recipient.

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Online money transfer companies will typically be your cheapest option to send money to Chad, but cash delivery can have your money there in a few hours. Converting US dollars to Central African XAF franc doesn’t have to be expensive, so keep the process simple by comparing your money transfer options.

How much does it cost to send money to Chad? Compare your options

Enter the amount you want to send and select Calculate to compare minimums, turnaround and fees. Select Go to site to sign up and send money.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 549.878 XAF 2,749,388 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$10 Within an hour USD 1.99 541.316 XAF 2,705,503 Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
$1 Within an hour USD 3.99 550.043 XAF 2,748,022 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Best ways to send money to Chad

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Chad. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.

1. Digital money transfer services

Companies like XE and Remitly specialize in foreign currencies, making them some of the most cost-effective ways to send money to Chad. Most offer transfers directly to your recipient's bank account in Chad, often in as little as a day or two.
  • Why? Digital money transfer services are cheaper because they exist online and don't have as many employees or physical locations.

2. Cash transfers

Services like World Remit and MoneyGram allow you to transfer cash for pickup at a local branch in Chad— often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees.
  • Why? Picking up cash is more expensive because more people are involved.

3. Banks

The Central African CFA franc may be offered by your bank, but beware of high fees and wide margins on the exchange rate. Compare bank transfers to digital services and other options before sending a wire transfer to Chad.
  • Why? Banks offer money transfers as a secondary service so don't strive to offer competitive prices.

Let's crunch the numbers: Sending $1,000 to Chad

Let's say you need to send $1,000 to family in Chad. Here's what you might face as far as fees and exchange rates as of March 4, 2021.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 540.284 XAF 1 USD = 541.917 XAF 1 USD = 514.458 XAF
Transfer speed 1-2 days Minutes 2-5 days
Amount received XAF$540,284 XAF$539,755 XAF$501,597
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Chad. A digital transfer sends the most, which is XAF$38,687 more than the bank. For speed, a cash transfer can typically have your transfer to Chad in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to Chad online

Sign up and send money to Chad with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Compare and pick a provider before signing up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If transferring to a bank, you'll need their bank account details in Chad.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to Chad. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to Chad

Weigh costs and fees against convenience to best compare money transfer providers that send to Chad. Consider:

  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Central African CFA francs you're sending to Chad.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Chad.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you're sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a bank account in Chad or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send money to Chad without a bank account

If you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up Central African CFA francs without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to Chad quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

What to watch out for

Sending money to relatives or family members in Chad may be subject to taxes on the money transfer and certain documents may be required.

Taxes on transfers to Chad

In general, any large transfers being sent from the US to Chad should be filed with the IRS to avoid any penalties.

Documents needed to receive money in Chad

To pick up money in person, documentation may include:

  • Transfer number. The person sending you money can forward the transfer's confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A passport or similar official ID may be required to pick up your transfer.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Bottom line

Sending your hard-earned money to Chad 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.

Frequently asked questions

What documents are needed to send money from the US?

To send money from the US to Chad, you'll need documentation and details that include:

  • Identification. Most services require a driver's license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SSN.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Submit your recipient's name as it appears on their ID, along with their phone number, bank account and routing number information in Chad.

Can I use PayPal in Chad?

PayPal offers service in Chad, but sending money from the US to Chad through PayPal may incur additional fees. Read about PayPal in our guide to find out if PayPal is your best choice for a money transfer to Chad.

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