Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to send money to Liberia

Compare your options and find a great deal when you need to send money from the US to Liberia.

Updated

Fact checked

Making a money transfer doesn’t have to be an expensive process. By comparing your options and finding the right company, you can save on fees and receive an exchange rate that gets your recipient the most Liberian dollars.

Send money to Liberia with WorldRemit

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.

  • Use promo code 3FREE to get three free transfers.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.
Promoted

Compare money transfer services to Liberia

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Liberia 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 3.99 198.513 LRD 991,771 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 20.00 194.366 LRD 967,944 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 8.00 194.865 LRD 972,764 Easily transfer cash to more than 350,000 locations around the world. Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. You’ll provide funds to an independent transfer provider, which will then exchange your money to the currency of your choice before sending it along to your recipient.

You can complete the process in person, online or over the phone, and you can pay for it with cash, card or through your bank account.

Banks versus money transfer companies

Unfortunately, many US banks don’t offer international money transfers to Liberia, in part due to political instability in the country in previous years and also due to Liberia’s association with the blood diamond trade. This means that specialist money transfer companies are the best place to start. These companies, such as OFX and WorldRemit, offer fast, secure and much more affordable transfers to Liberia and around the world. Their fees are usually lower than those from a bank, their exchange rates higher and the transactions can be handled from the comfort of your own home.

Foreign exchange rates explained

Exchange rates are influenced by economic stability and inflation. When one country’s currency is strong, it yields more when exchanged for a weaker currency. Since the Liberian dollar (LRD) is traditionally weak against the US dollar (USD), you’ll be able to get more Liberian dollars for every dollar you send.

How to compare transfer companies when transferring money to Liberia

By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

Case Study: Tony Sends Money to Liberia

Tony wants to send money to his sister Janine, who is completing volunteer work in Liberia but has run out of money. His bank doesn’t offer transfers to Liberia, so Tony seeks out two cash pickup transfer companies to see which one offers the best deal when transferring $1,000 from the US to Liberia.

Money transfer company 1Money transfer company 2
Exchange rateUS dollarsUS dollars
Transfer fee$40$25
Transfer methodCash pickup transferCash pickup transfer
Processing time10 minutes10 minutes
Amount received (in USD)$1000$1000

Tony is only able to send US dollars. He decides with to go with the second transfer company since he’ll save $15 on the transfer fee.

How to send money to Liberia

  1. Compare your options in the table above.
  2. Click Go to Site once you’ve made your decision.
  3. Create your account and enter your recipient’s information.
  4. Pay for your transfer.
  5. Save your tracking number and receipt.

Once your transaction is complete, make sure it gets to your recipient on time.

Back to top

What are the ways that I can send money to Liberia?

Must read: How safe is a money transfer?

Reputable money transfer providers will track your funds until they’re in the hands of your recipient.There are federal protections in place that require banks, credit unions and money transfer companies to disclose all fees upfront and give you 30 minutes to cancel a transfer.


Emergency transfers

Emergency transfers are expensive because of the quick turnaround time. Exchange rates will be worse, and it’s often better to have your recipient wait a day or two if at all possible so you save money on fees and they receive more Liberian dollars.

Picking up cash

Take a few simple safety precautions to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.

Bottom line

Overseas money transfers are easy no matter which method you choose, but knowing how to compare your options gives you a leg up in terms of cost, rates and transfer speeds.Back to top

Read more on this topic

  • US remittance statistics We've unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
  • Best ways to send money online Navigate the world of sending money domestically and internationally with our hand-picked list of popular services.
  • XE vs. OFX money transfers Check out this side-by-side comparison of XE and OFX to find out which provider offers the best value on international money transfers.
  • Alternatives to InstaReM Find the best alternative websites to InstaReM for online money transfers.
  • XE vs. Western Union We compare XE's and Western Union’s fees, exchange rates and transfer speeds side by side.
  • Remitly vs. PayPal Compare a well-known payments giant to the newer Remitly and see which one can give you a better deal.
  • Remitly vs. TransferWise Remitly and TransferWise’s fees, exchange rates and speeds compared side by side.
  • How to send money to Guinea Compare the services that send money to Guinea. Find out how to get the best value for your money, how long it takes and what to look out for.
  • Best places to exchange currency in Sydney Your guide to currency exchange services in Sydney, including where to find the best exchange rates and lowest fees.
  • Best places to exchange currency in Winnipeg Looking for the best deal on Canadian dollars in Winnipeg? Compare popular services and access handy tips to get the most out of your next transfer.

Ask an Expert

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

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site