Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
You can send money to Haiti in just a few simple steps:
There are a few options to choose from when sending money to Haiti, each of which has its own pros and cons.
The simplest option is to send money to Haiti from your bank account. However, banks typically offer poor exchange rates and charge high fees on international money transfers, so this is unlikely to be the most cost-effective option. You’ll also need to wait several days for your transfer to arrive.
Some providers allow you to send cash transfers that your recipient in Haiti can collect within minutes. Cash transfers are a fast and convenient option, but they often attract higher fees.
Specialist money transfer services allow you to send an online transfer that can be deposited in your recipient’s bank account or sometimes collected as cash. They typically offer the best exchange rates and competitive fees when compared to banks.
To get a better idea of how your money transfer options compare, let’s look at an example of sending AUD$500 to Haiti in US dollars.
| Bank transfer | Cash transfer | Money transfer service | |
|---|---|---|---|
| Fee | AUD$10 | AUD$50 | AUD$15 |
| Exchange rate | 1 AUD = 0.6410 USD | 1 AUD = AUD = 0.6154 USD | 1 AUD = 0.6625 USD |
| Transfer speed | 2-5 days | Minutes | 1-2 days |
| Amount received | US$320.50 | US$307.70 | US$331.25 |
| Overall | Slowest | Fastest but most expensive | Best value |
As you can see in the table above, fees, exchange rates and transfer speeds all vary based on the method you choose to send money. In this example, the money transfer service offers the best value, allowing you to do the following:
This demonstrates just how important it is to compare transfer services before deciding how to send money overseas.
Transaction speeds vary depending on the type of transfer you send. Cash pick-ups are the quickest and can usually be collected by your recipient within minutes, but they’re also the most expensive option.
Transfers to a bank account in Haiti cost less to send but could take two days or longer to arrive.
If it’s an emergnecy and you need to send money to Haiti fast, cash transfers will be your best bet. This involves paying with a credit or debit card and transferring to a cash pick-up location. While it is fast, there’ll be more fees involved.
If you don’t have a bank account, you’ll need to look for a provider that allows you to send money in person and pay with cash.
If your recipient doesn’t have a bank account either, the service will also need to offer cash pick-ups. Once again, providers like Ria, MoneyGram and Western Union typically offer this service.
The Haitian gourde (HTG) is the official currency of Haiti, but US dollars have been widely accepted in the country for some time.
However, it’s worth noting that in 2018, the government of Haiti declared that all commercial transactions in the country must be made in gourdes. Despite this, most transfer services only offer the option of sending US dollars to Haiti.
Your recipient will also need to exercise caution when collecting cash in Haiti. Avoiding high crime areas, staying aware of personal surroundings and only carrying cash around for as short a time possible are all sensible steps to take.
You’ll need the following info and documentation to transfer money to Haiti:
To find the best value for your money, consider the following factors when comparing money transfer services:
The exchange rate reflects the value of one currency relative to another. For example, when the Australian dollar is strong against the Haitian gourde, you’ll be able to purchase more gourde for each Australian dollar you exchange. This is why it’s a good idea to time your transfer for when the Australian dollar is performing strongly.
Today’s exchange rate USD to HTG
A bank account that intelligently divvies up your money where you need it for a monthly fee.
A kids’ savings account with a generous interest rate that transitions to a lackluster regular savings account when your child turns 18.
A high-yield savings account that supports multiple currencies.
Bank of Missouri’s Show Me Savers earns 0.1% APY but can’t be opened online.
We look for the following features when rating kids debit cards: monthly fees, features, availability, customer service, interest rate and more.
Want to buy bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in the US.
This account has no fees and a low minimum deposit, but it earns little interest.
An interest-earning small business checking account with unlimited transactions. But its deposit system is clunky.
Clearwater Credit Union’s primary savings account offers the convenience of online and in-person banking — but lacks a high APY rate.
We explore how to use Compound Finance for lending and borrowing.
