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Send money to Swaziland
Save on your transfer to the country formerly known as Swaziland.
If your recipient needs money immediately, a cash transfer is the fastest option. But if you have a little more time, you can save by using an online transfer provider.
Eswatini vs. Swaziland
In April of 2018, King Mswati III officially renamed Swaziland as Eswatini. As the name change is still relatively new, many people still use the country’s former name. But whether the transfer company you use lists Swaziland or Eswatini, your money will go to the same place.
Compare money transfer services for Eswatini
Best ways to send money to Swaziland
Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Swaziland. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.
1. Digital money transfer servicesCompanies like PayPal and XE specialize in foreign currencies, making them some of the most cost-effective ways to send money to Swaziland. Most offer transfers directly to your recipient's bank account in Swaziland, 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 transfersServices like MoneyGram and Western Union allow you to transfer cash for pickup at a local branch in Swaziland— 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. BanksThe Swazi lilangeni 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 Swaziland.
- 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 SwazilandLet's say you need to send $1,000 to family in Swaziland. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 14.296 SZL.
|Digital money transfer service||Cash transfer||Bank transfer|
|Fee||$0||$8||$25 + additional correspondent bank fees|
|Exchange rate||1 USD = 14.253 SZL||1 USD = 14.225 SZL||1 USD = 13.581 SZL|
|Transfer speed||1-2 days||Minutes||2-5 days|
The bank option ends up being the slowest and gets the smallest amount of money to your recipient in Swaziland. A digital transfer sends the most, which is SZL$1,011 more than the bank. For speed, a cash transfer can typically have your transfer to Swaziland in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.
How to send money to Swaziland online
Sign up and send money to Swaziland with a digital money transfer specialist in four steps:
- 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.
- 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 Swaziland.
- Confirm transfer details. Double-check your payment method, expected fees and destination.
- Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to Swaziland. Some money transfer providers send a text or email when your transfer is complete.
Get the most out of your money transfer to Swaziland
Weigh costs and fees against convenience to best compare money transfer providers that send to Swaziland. Consider:
- Exchange rates. The USD–SZL relationship fluctuates, so using a service that allows you to lock in exchange prices may help you save money down the line if the Swazi lilangeni 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–SZL 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 Swazi lilangenis you're sending to Swaziland.
- 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 Swaziland.
- 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 Swaziland or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.
How to send money to Swaziland without a bank accountIf 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 Swazi lilangenis without a bank account.
Emergency cash transferWhen urgency trumps cost to get your money to Swaziland 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.
Swaziland's exchange rates explained
Banks and money transfer companies use exchange rate to calculate how much Swaziland's currency is worth when converted to USD. The USD-SZL relationship can change daily based on global economic stability, interest rates, inflation and more.Today's exchange rate USD to SZL
What to watch out for
Sending money to relatives or family members in Swaziland may be subject to taxes on the money transfer and certain documents may be required.
Taxes on transfers to Swaziland
In general, any large transfers being sent from the US to Swaziland should be filed with the IRS to avoid any penalties.
Receiving money in Swaziland:
- 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 Swaziland 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 Swaziland.
Sending your hard-earned money to Swaziland 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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