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How to send money to Lebanon

How to compare transfer services when transferring money to Lebanon.

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Online money transfer companies usually offer the lowest fees and the most competitive exchange rates, often beating your local bank by a long shot when sending money to Lebanon. You’ll need to send cash if your recipient doesn’t have an account with a supported bank, so compare options to find the best deal for your situation.

Compare international money transfers to Lebanon

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Lebanon with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 1504.367 LBP 746,181 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1 3 - 5 days USD 20.00 1475.612 LBP 708,294 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 1 Same day USD 1.00 1483.179 LBP 740,106 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. 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.

How to send money to Lebanon online

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

  1. Sign up for a free account. Pick a provider and sign 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 Lebanese bank account information.
  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 Lebanon. Some money transfer providers send a text or email when your transfer is complete.

What are the ways that I can send money to Lebanon

  • Bank transfers. Many major US banks will allow you to send money to Lebanon.
  • Money transfer providers. Providers like WorldRemit and CurrencyTransfer can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union, Ria and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from the US to Lebanon.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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What’s the best way to send money to Lebanon?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Lebanon. Some offer cash pickup in as little as a few minutes, while others seamlessly transfer to bank accounts. Sending money through PayPal or your bank is also an option, but you’ll typically face higher fees and weaker exchange rates when going that route.

Blue icon representing money transfers Image: Infogram

Digital money transfer services

Companies like WorldRemit specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Lebanese bank account, often in as little as a day or two.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

Cash transfers

Services like MoneyGram, Ria and Western Union allow you to transfer cash for pickup at a local branch in Lebanon— 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.

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Banks

The Lebanese pound isn’t a popular currency, so your local bank may not be able to exchange it. If your bank does support the Lebanese pound, beware of high fees and wide margins on the exchange rate compared to digital and other options when sending a wire transfer to Lebanon.

Let’s crunch the numbers: Sending $2,000 to Lebanon

Let’s say you need to send $2,000 to family in Lebanon. Here’s what you might face as far as fees and exchange rates as of June 19, 2020.

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$25 + additional correspondent bank fees
Exchange rate1 USD = 1,498 LBP1 USD = 1,507 LBP1 USD = 1,402 LBP
Transfer speed1-2 dayMinutes2-5 days
Amount receivedLBP 2,996,730LBP 3,008,273LBP 2,768,950
Verdict
  • Better than the bank
  • Fastest and best value
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient in Lebanon. If you go with the cash transfer service, your recipient ends up with LBP 239,323 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Lebanon in as little as 15 minutes, just make sure there is a cash pickup location near your recipient before sending.

How to get the most out of your money transfer to Lebanon

Weigh costs and fees against convenience to learn how to compare money transfer providers that send to Lebanon to best meet your needs:

  • Exchange rates. The USD-LBP relationship fluctuates occasionally, so using a service that allows you to lock-in exchange prices may help you save money down the line if the Lebanese pound 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-LBP 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 pounds you’re sending to Lebanon.
  • 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 Lebanon.
  • 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 Lebanese bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer

When urgency trumps cost to get your money to Lebanon 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.

How to send money to Lebanon without a bank account

Cash transfer services can help you if you’re unbanked or marginally banked. 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 cash without a bank account.

Lebanon’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Lebanon’s exchange rate is stable compared to the US dollar, and the USD-LBP relationship typically doesn’t change often because the Lebanese pound is pegged to the USD. Factors that may influence the exchange rate include interest rates, economic stability and inflation.

Track how the Lebanese pound trades against the US dollar in our historical rate chart.

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Updated: 08 Jul 2020 01:47:39 UTC

Can you use Venmo in Lebanon?

No. Venmo, Cash App, Zelle and similar services are all restricted mostly to the US. Cash App and Venmo do not work between Lebanon and the US. You’ll need to use a dedicated money transfer service, a bank transfer, a PayPal transfer or something similar to send money to Lebanon. Use our comparison table above to see what your transfer to Lebanon could cost.

Documents needed for sending to and receiving money in Lebanon

To send money to Lebanon from the US, you’ll need government-issued ID and other documents, while documents needed to pick up money in Lebanon may differ by company.

Documents to send money from the US

To send money from the US to Lebanon, 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 and Lebanese bank account information.

Documents to receive money in Lebanon

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Lebanese Passport, Lebanese ID 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.

What to watch out for

Sending money to Lebanon may be subject to taxes on the money transfer, but it depends on a lot of variables. In general, any large transfers being sent from the US to Lebanon should be filed with the IRS to avoid any penalties. To learn more about what penalties you may face by failing to file your transfer, read our guide on IRS taxes for large money transfers.

Bottom line

Sending your hard-earned money to Lebanon 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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3 Responses

  1. Default Gravatar
    alexandreSeptember 26, 2017

    Hi. I’m a US citizen. I live nowin Lebanon. I sold my house at Rochester Ny and want to transfer the money to Lebanon. Is there any restriction for such transfer?

    • Default Gravatar
      GruSeptember 26, 2017

      Hello Alexandre,

      Thank you for reaching out to us.

      You can transfer money to Lebanon. Please take time to read through the pages below to have guidance on your intended money transfer.
      Send Money to Lebanon
      Transferring a Large Amount of Money Internationally

      Hope this helped.

      Cheers,
      Gru

    • Avatarfinder Customer Care
      AdrienneSeptember 26, 2017Staff

      Hi Alexandre,
      There are no restrictions on a money transfer of that size to Lebanon as long as you use a transfer provider with no maximum sending limit, like OFX: https://www.finder.com/ofx-international-money-transfers

      Through OFX you can get exclusive exchange rates (click “Go to site” from the page above) and no fees.
      Best regards,
      Adrienne

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