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Send money to Sierra Leone

Here’s how to send a quick, affordable and secure money transfer to Sierra Leone.

If you’re looking to send money to Sierra Leone, you should be prepared to compare your options. This exotic currency isn’t widely-traded, which means you’ll need to spend extra time finding a provider that can send money from the US to your recipient in Sierra Leone.

Send money to Sierra Leone with WorldRemit

WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
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Compare international money transfers to Sierra Leone

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
Dunbridge Financial
Dunbridge Financial
24 hours
$0

View details
Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
XE
Within minutes
$3

View details
XE has fast transfers with low fees and a range of foreign currency tools.
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.
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.
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Compare up to 4 providers

Best ways to send money to Sierra Leone

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

1. Digital money transfer services

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

Let's say you need to send $1,000 to family in Sierra Leone. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 0.000 SLL.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 0.000 SLL 1 USD = 0.000 SLL 1 USD = 0.000 SLL
Transfer speed 1-2 days Minutes 2-5 days
Amount received SLL$0 SLL$0 SLL$0
Verdict
  • Better than the bank
  • Fastest and best value
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Sierra Leone. A cash transfer sends the most, which is SLL$0 more than the bank. For speed, a cash transfer can typically have your transfer to Sierra Leone in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to Sierra Leone online

Sign up and send money to Sierra Leone 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 Sierra Leone.
  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 Sierra Leone. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to Sierra Leone

Weigh costs and fees against convenience to best compare money transfer providers that send to Sierra Leone. Consider:

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

How to send money to Sierra Leone 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 Sierra Leonean leones without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to Sierra Leone 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.

Sierra Leone's exchange rates explained

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

Today's exchange rate USD to SLL

1
0
Updated: 28 Jul 2021 23:50:11 UTC

What to watch out for

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

Taxes on transfers to Sierra Leone

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

Required information

Receiving money in Sierra Leone:

  • 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 Sierra Leone 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 Sierra Leone.

Bottom line

Sending your hard-earned money to Sierra Leone 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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