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Send money to Côte d’Ivoire (Ivory Coast)

Compare exchange rates and fees when sending money to Côte d'Ivoire.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Compare the transfer fees and exchange rates of the many options available to you to get the most West African francs for your dollar.

Find the cheapest, fastest money transfer to Côte d’Ivoire

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$10

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Dunbridge Financial offers diverse transfer options to more than 120 countries.
XE
Within minutes
$3

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XE has fast transfers with low fees and a range of foreign currency tools.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
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.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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Compare up to 4 providers

Best ways to send money to the Ivory Coast

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

1. Digital money transfer services

Companies like Remitly and XE specialize in foreign currencies, making them some of the most cost-effective ways to send money to the Ivory Coast. Most offer transfers directly to your recipient's bank account in the Ivory Coast, 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 Ria allow you to transfer cash for pickup at a local branch in the Ivory Coast— 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 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 the Ivory Coast.
  • 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 the Ivory Coast

Let's say you need to send $1,000 to family in the Ivory Coast. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 539.040 XOF.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 537.423 XOF 1 USD = 536.345 XOF 1 USD = 512.088 XOF
Transfer speed 1-2 days Minutes 2-5 days
Amount received XOF$537,423 XOF$534,205 XOF$499,286
Verdict
  • 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 the Ivory Coast. A digital transfer sends the most, which is XOF$38,137 more than the bank. For speed, a cash transfer can typically have your transfer to the Ivory Coast in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to the Ivory Coast online

Sign up and send money to the Ivory Coast 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 the Ivory Coast.
  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 the Ivory Coast. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to the Ivory Coast

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

  • Exchange rates. The USD–XOF relationship fluctuates, so using a service that allows you to lock in exchange prices may help you save money down the line if the 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–XOF 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 CFA francs you're sending to the Ivory Coast.
  • 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 the Ivory Coast.
  • 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 the Ivory Coast or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send money to the Ivory Coast 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 CFA francs without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to the Ivory Coast 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.

The Ivory Coast's exchange rates explained

Banks and money transfer companies use exchange rate to calculate how much the Ivory Coast's currency is worth when converted to USD. The USD-XOF relationship can change daily based on global economic stability, interest rates, inflation and more.

Today's exchange rate USD to XOF

1
0
Updated: 18 May 2021 00:52:24 UTC

What to watch out for

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

Taxes on transfers to the Ivory Coast

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

Required information

Receiving money in the Ivory Coast:

  • 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 the Ivory Coast 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 the Ivory Coast.

Bottom line

Sending your hard-earned money to the Ivory Coast 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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2 Responses

    Default Gravatar
    CrJune 4, 2018

    I want to send money from india to ivory coast. Please let me know the complete process with duration of money transaction between sender bank account to receiver bank account.

    Appreciate for your quick reply

      Avatarfinder Customer Care
      nikkiangcoJune 5, 2018Staff

      Hi CR,

      We’ve read your message, Thanks!

      Before you can send an international money transfer to the Ivory Coast, you will need to provide:

      Your name and contact information.
      Proof of ID.
      Your recipient’s name, address and contact information.
      The details of your transaction, such as how much you wish to send and in what currency.
      Once you’ve handed over your money, you’ll receive a transaction reference number. Use this reference number to track the progress of your funds.

      Fees. Before you complete your transfer, confirm how much you’ll have to pay in transfer fees. What you’ll pay sometimes varies by payment option.
      Turnaround time. How long will you have to wait until your funds are available for your recipient? Processing times can vary depending by company and hours of operation at each cash pickup location.

      For any clarifications, feel free to message us again.

      Cheers,
      Nikki

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