How to send money to Senegal

Are you looking for a quick and cost-effective way to send money to Senegal from the U.S.?

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 Senegal doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most West African CFA francs 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 Senegal is easy. However, do your research and shop around for the best available deal.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FREE.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    Compare money transfer services to Senegal

    I want to send

    to

    Enter your details to speak to a foreign exchange expert

    By submitting this form, you agree to finder.com privacy policy
    Ofx Logo

    Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

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

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day USD 0.00 585.261 Online XOF 2,926,304 Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 4.99 582.504 Online, Bank Account to Bank Account, Cash Transfer XOF 2,909,612 Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 584.264 Online, Bank Account to Bank Account XOF 2,921,318 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    How do I compare transfer companies when sending money to Senegal?

    • Exchange rates. How do each company’s exchange rates compare to the competition?
    • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
    • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
    • Transfer 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, or does the company only provide one-off spot orders?
    • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
    • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfers?
    • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
    • Customer service. What sort of customer support is offered and during what hours can you receive assistance?
    Back to top
    Case study - Banks vs money transfer companies
    Amadou Diome moved to the U.S. because of work, while his parents and younger brother continue living in Senegal. Since they depend on him financially, he’ll have to send them money from time to time. Given his income, he feels he can afford sending around $1,000 every month.

    He first turned to his bank to go make the transfer, only to learn that since the West African CFA franc is an exotic currency, his bank does not carry out fund transfers to Senegal. Instead of turning to other banks, he chose to compare money transfer companies using the internet. This is what he found.

    Money transfer service 1Money transfer service 2
    Exchange rate$1 = $413.1809 XOF$1 = $413.75 XOF
    Transfer fee$60$0
    Amount received for $1,000$388,391.00 XOF$413,750.00 XOF
    Transfer timeInstantly1-3 days
    Transfer optionsCash pickupBank account
    Difference of$25,359.00 XOF

    The fact that Amadou chose the second money transfer company over the first comes as no surprise. Not only did it get the money directly into his father’s bank account, his father also stood to receive more money. The longer turnaround time did not bother him, since there was no urgency involved.

    Back to top

    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.

    What are my options for sending money to Senegal from the U.S.?

    • Banks. Find out if your bank lets you send money to Senegal. If it does, there’s a good chance you’ll have to pay a fee to use its services. You can also think about sending a bank issued check, money order or draft via mail.
    • Non-banks. Non-banking institutions such as Western Union and MoneyGram let you send money to cash pickup locations in Senegal. You can also find international money transfer companies that let you send money directly into Senegalese bank accounts. PayPal allows transfers to Senegal from the U.S., so you can use its services as well. In this case, both you and the recipient should have PayPal accounts.
    Back to top

    How to send money to Senegal through an independent transfer provider

    When sending funds to Senegal, you’ll be asked to provide the following information:

    • Your name, address, contact information and valid photo ID.
    • Your beneficiary’s name, address and information, along with their bank account info if the funds will be deposited in their bank account.
    • How much money you’re sending, in what currency and which country you’re sending it to.
    • If you are not using cash for this transaction, you will need to provide your banking info in order to have funds drafted from your account.

    Once you have completed your transaction, you will be given a tracking number. Make a note of this number so you can monitor the progress of your money transfer.

    Emergency cash transfers in Senegal

    There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.
    Find a money transfer location near you

    Back to top

    Tips for picking up cash in Senegal

    Picking up cash from a transfer agent in Senegal? Follow a few simple steps to ensure that you and your money stay safe:

    • Avoid any areas where crime is known to be a problem.
    • Keep your wallet and/or bag safe and secure at all times.
    • Take a friend along to provide additional security and peace of mind.
    • Don’t flash your cash around in public.
    • Don’t carry large sums of money around for any longer than is absolutely necessary.
    Back to top
    Was this content helpful to you? No  Yes

    Ask a Question

    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

    Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
    Rates and fees mentioned in comments are correct at the time of publication.
    By submitting this question you agree to the finder.com privacy policy.

    US International Money Transfers Offers

    Learn about our information service
    HiFX International Money Transfers

    Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

    WorldRemit International Money Transfers

    Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

    World First Foreign Exchange

    Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.

    TransferWise International Money Transfers

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

    feedback