Gambia Flag

Tips to Help You Send Money to Gambia Better

Information verified correct on February 23rd, 2017

Are you looking for ways to send money to Gambia from America? This guide will show you how.

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Gambia doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.
From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Gambia is easy. But do your research and shop around for the best available deal.

Compare Money Transfer Services

Rates last updated February 23rd, 2017

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 Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... 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.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know
Back to top
Case study: Banks vs money transfer companies

Lamin Dibba came to America as a student. After he completed his college education, he found a suitable job that let him remain in the U.S. Since his parents continue living in Gambia, he wishes to start sending them some money. He figures he can afford to send around $1,000 once every couple of months.

The U.S. bank he has an account with does not carry out transfers to Gambia, given its exotic currency. Lamin turns to the internet to compare money transfer companies, and this is what he finds.

Money transfer service 1Money transfer service 2
Exchange rate$1 = GMD 26.5109$1 = GMD 27.42305
Transfer fee$0$13.99
Amount received for $1,000GMD 26,510.90GMD 27,039.40
Transfer time1-2 daysInstant
Transfer optionsBank accountCash pickup
Difference ofGMD 528.50

While the second money transfer company charges a fee for its services, it results in Lamin’s father getting more money because of the superior exchange rate.


How do I compare transfer companies when sending money to Gambia?

Since there are numerous money transfer companies to choose from, it is important that you compare them across different parameters.

  • The monetary aspect. Some service providers lure customers by offering highly competitive exchange rates or fee-free services. This can be a problem if a high fee accompanies a seemingly favorable rate, or if you get an unfavourable rate while not paying any fees. A simple way to pick the more lucrative option is to compare how much money the recipient stands to receive.
  • Ways to send money. If your bank permits fund transfers to Gambia, you can start the process in person, online or over the phone. Some money transfer companies operate out of stores and kiosks that you can visit to send money in person. Most let you carry out online transfers and some let you initiate the process over the phone as well.
  • Ways to receive money. Some prominent money transfer companies that provide money transfer services to Gambia from America only offer cash pickup as an option. However, you can find some international money transfer companies that let you transfer funds directly into Gambian bank accounts.
  • Methods. If you wish to send money to Gambia regularly, you can benefit from working with a company that lets you schedule automatic transfers based on a frequency of your liking. This takes away the need to go through the entire process repeatedly. Some money transfer companies also offer forward contracts and market orders.
  • Turnaround time. If you’re sending money that the recipient will collect from a cash pickup location, the transfer can go through almost immediately. If you’re sending money to a Gambian bank account, money transfer companies can take one to three days to complete the process. Banks tend to take longer.
  • Minimum limit. Some money transfer companies have minimum limits in place, which can vary from $500 to $1,000.
  • Customer service. Customer service of a money transfer company can play an important role, especially if you plan to send money periodically. Ideally, you should be able to contact a company representative over the phone and via chat, not just via email.
Back to top
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.

Ways of sending money to Gambia from America

  • Bank transfers. Some major banks offer wire transfers to Gambia.
  • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
  • Transfer companies with cash pickup. Providers like Western Union and MoneyGram offer this service — your recipient can sometimes pick up the cast within minutes.
  • PayPal. You can send money abroad using your PayPal account.

Find a money transfer location near you

Back to top

Tips for picking up cash in Gambia

Whether you’re picking up cash in Gambia or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.

Bear in mind that this country still remains a largely cash-based economy. ATMs in Gambia can be unreliable. And not all hotels accept traveler’s checks.


What are the steps to send money to Gambia?

The steps you have to follow and the details you have to provide depend on the method you choose.

  • To a bank account. You’ll have to provide details such as the recipient’s name, account number, bank’s name and bank’s SWIFT code. If sending money through a money transfer company, you’ll have to provide details of your bank account, debit card or credit card. The time the transfer takes to complete depends on the service provider you choose. You should get a reference number when you make the transfer, which you can use to track its progress at any stage.
  • To a cash pickup location. You’ll have to provide the recipient’s name as well as a desired cash pickup location. To make the payment, you’ll have to provide your bank account, debit card or credit card details. Once you make the transfer, you’ll get a reference number. Pass this on to the recipient. The transfer should take place almost instantly.
Was this content helpful to you? No  Yes

Ask a Question

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

Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com 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