Effective Ways to Send Money to Papua New Guinea

Information verified correct on January 20th, 2017

PNG

Here’s how to send a quick, affordable and secure money transfer to Papua New Guinea.

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. Sending money from the United States to Papua New Guinea doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Papua New Guinean kinas for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Papua New Guinea is easy. However, do your research and shop around for the best available deal.

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Rates last updated January 20th, 2017

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With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
Rates are always
changing, click to check
your price today
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WorldRemit International Money Transfers
An online money transfer service ... An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
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
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
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Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
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changing, click to check
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
your price today
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Banks versus money transfer companies

Banks might offer a convenient choice when it comes to sending money overseas, but they certainly don’t offer the most cost-effective option. With high transfer fees and some pretty poor exchange rates, banks take more than their fair share of the amount you transfer.

If you want to find a better deal, consider the services offered by money transfer companies such as OFX. These providers concentrate all their efforts on moving funds internationally, offering safe, easy and affordable transfers. With lower transfer fees and superior exchange rates, they can save you money the next time you need to send money to PNG.

Case Study: Ben Sends Money to Papua New Guinea

Ben’s girlfriend Sarah has been transferred to Papua New Guinea to work for six months. With her birthday fast approaching, Ben wants to send Sarah a $1,000 money transfer as a gift. Instead of approaching his bank to send the transfer — he’s seen the poor exchange rates they offer, and they don’t offer exotic currencies — he decides to compare two money transfer companies and see which one offers the most affordable option.

As you can see in the table below, using the first transfer company will save Ben $5 in transfer fees and also allow him to send an extra 65 PGK.

Money transfer company 1 Money transfer company 2
Exchange rate$1 USD = $2.111 PGK$1 USD = $2.046 PGK
Transfer fee$5$10
Transfer methodOnline bank account transferOnline bank account transfer
Processing time1-3 days1-3 days
Amount received (in PGK)$2,111 PGK$2,046 PGK

How do I compare transfer companies when sending money to Papua New Guinea?

  • Exchange rates. Does the company  offer better exchange rates than its competitors?
  • Transaction fees. How much will you need to pay in fees each time you send money to Papua New Guinea? Can you avoid fees by sending large transfer amounts?
  • Transfer methods. Can you place transfers in a branch or online? What about over the phone or through a mobile app?
  • Flexible options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments?
  • Transfer time. How long will it take until the funds you send make it into your recipient’s bank account or wallet?
  • Minimum transfer amounts. If the company imposes minimum or maximum transfer limits, will these have an impact on your transfer needs?
  • Pickup options. Can your beneficiary collect the funds from a cash pickup location? Or will the money be deposited straight into their bank account?
  • Customer service. If you ever need help with a transfer, does the company provide phone, email and live chat support?
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.
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What are my options for sending money to Papua New Guinea from the U.S.?

  • Money transfer providers. Online transfer providers such as OFX offer fast and affordable transfers.
  • Cash pickup transfer companies. Western Union and MoneyGram are two world-renowned companies that offer this service.
  • Bank transfers. Compare your bank’s exchange rates and fees with those from other transfer providers.
  • International checks. International guaranteed checks are a safe but slow transfer method.

Find a money transfer location near you

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What are the steps to send money to Papua New Guinea?

Although the transfer method will differ according to the provider you select, in most cases you will need to:

1.   Sign up for an account. You can often do this at no cost online by providing your name, full contact details and a valid form of photo ID.

2.   Enter transaction details. Provide details about how much money you’re sending, the currency you’re sending, and who will be receiving the funds.

3.   Pay for the transfer. You can then review the details of the transaction and submit a transfer request. Many providers offer online tracking services so you can monitor the progress of your funds.

Tips for picking up cash in Papua New Guinea

When you go to pick up cash from a transfer agent in PNG, follow a few simple precautions to ensure that you stay safe. Don’t go alone to a transfer branch and only pick up cash in an area where you feel safe. Don’t display the cash in front of strangers and make sure to deposit it somewhere safe as soon as possible.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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