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Send money to Chad

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

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Zak Killermann
Updated . What changed?
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Compare money transfer services to Chad

Our table lets you compare the services you can use to send XAF abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send to Chad.

Data updated regularly
Data updated regularly
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
WorldRemit
WorldRemit
Within an hour
From $1.99
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WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Western Union
Western Union
Within an hour
From $0
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Western Union sends money online to friends and family in 200+ countries around the world.
MoneyGram
MoneyGram
Within an hour
From $0
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MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide.
Ria
Ria
Within an hour
From $1.00
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Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations.
Remitly
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers
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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.
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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.

What's in this guide?

  1. 1. Best ways to send money to Chad
  2. 2. How to send money to Chad online
  3. 3. Get the most out of your money transfer to Chad
  4. 4. What to watch out for
  5. 5. Bottom line
  6. 6. Frequently asked questions

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 WorldRemit 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 using today's rate of 1 USD = 0.000 XAF.
Digital money transfer serviceCash transferBank transfer
Fee$0$4$25 + additional correspondent bank fees
Exchange rate1 USD = 0.000 XAF1 USD = 0.000 XAF1 USD = 0.000 XAF
Transfer speed1-2 daysMinutes2-5 days
Amount receivedXAF$0XAF$0XAF$0
Verdict
  • Better than the bank
  • Fastest and best value
  • 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 cash transfer sends the most, which is XAF$0 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:

  • Exchange rates. The USD–XAF relationship fluctuates, so using a service that allows you to lock in exchange prices may help you save money down the line if the Central African CFA franc rises against the US dollar.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger USD–XAF exchange rate.
  • 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.

Chad's exchange rates explained

Banks and money transfer companies use exchange rate to calculate how much Chad'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 XAF

1
0
Updated: 29 Jul 2021 16:15:49 UTC

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.

Required information

Receiving money in Chad:

  • Transfer confirmation details like a transfer number, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID like a passport or similar official ID may be required to pick up your transfer.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Sending to Chad from the US:

  • Proof of identification like a government-issued ID or your SSN number.
  • Recipient information like their name, address and bank account information in Chad.

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.

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