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Send money to Tanzania

Compare your options to get the best deal on a money transfer to Tanzania.

From bank transfers and online transactions to options that allow recipients to pick up cash on the same day in Tanzania, you can compare the transfer fees and exchange rates of your options to get the best deal.

Send money to Tanzania 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 Tanzania

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
OFX
24 hours
$0

View details
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

View details
Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
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.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
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 Tanzania

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Tanzania. 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 Ria specialize in foreign currencies, making them some of the most cost-effective ways to send money to Tanzania. Most offer transfers directly to your recipient's bank account in Tanzania, 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 Remitly allow you to transfer cash for pickup at a local branch in Tanzania— 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 Tanzanian shilling 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 Tanzania.
  • 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 Tanzania

Let's say you need to send $1,000 to family in Tanzania. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 0.000 TZS.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 0.000 TZS 1 USD = 0.000 TZS 1 USD = 0.000 TZS
Transfer speed 1-2 days Minutes 2-5 days
Amount received TZS$0 TZS$0 TZS$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 Tanzania. A cash transfer sends the most, which is TZS$0 more than the bank. For speed, a cash transfer can typically have your transfer to Tanzania in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to Tanzania online

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

Get the most out of your money transfer to Tanzania

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

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

How to send money to Tanzania 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 Tanzanian shillings without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to Tanzania 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.

Tanzania's exchange rates explained

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

Today's exchange rate USD to TZS

1
0
Updated: 01 Aug 2021 05:41:05 UTC

What to watch out for

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

Taxes on transfers to Tanzania

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

Required information

Receiving money in Tanzania:

  • 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 Tanzania 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 Tanzania.

Bottom line

Sending your hard-earned money to Tanzania 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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16 Responses

    Default Gravatar
    EvansDecember 11, 2019

    Where do you get money in Tanzania meant with bank person will go to get money after send? Send me more information. We know when we use western union service where will get money. How about your services?

      Avatarfinder Customer Care
      nikkiangcoDecember 12, 2019Staff

      Hi Evans,

      Thanks for your comment, hope you are well.

      Money transfer providers assist in transferring money from one point to another. The receiver can either, get money at their agent’s location or have the money deposited to their account. Our page shows the money transfers you can use to send money to Tanzania. To get started comparing your options, read through the providers above by transfer speed, fees, currency exchange and money received.

      When sending money – it’s important to check the exchange rate beforehand to maximize the funds to be exchanged.

      Also, read through the transfer process of the provider such as transfer fees, transfer options and transfer speed to set expectations for the receiver. Take note of any reference or tracking numbers should any transaction delays come up during the transit. A friendly reminder, exchange rates vary on a daily basis, the rate today may differ from the rate tomorrow. Observe the fluctuations of exchange rates more frequently days before you exchange your money.

      Best,
      Nikki

    Default Gravatar
    josephJanuary 28, 2019

    whats the best way to transfer money from china Wenzhou to Kenya.

      Avatarfinder Customer Care
      johnbasanesJanuary 29, 2019Staff

      Hi Joseph,

      Thank you for reaching out to finder.

      Based on our comparison website of money sending companies on this guide, you may want to check up on RIA, WorldRemit or XE money transfer. Please note that sending money to Kenya would require your recipient to physically go to the agent location to receive the amount. Hope this helps!

      Cheers,
      Reggie

    Default Gravatar
    NurdinDecember 5, 2018

    Someone in India wants to send me money in Tanzania via my Vodacom M-Pesa account! which will the best way do it?

    Where can get a WorldRemit branch in India?

    is WorldRemit work in India?

      Avatarfinder Customer Care
      JoshuaDecember 9, 2018Staff

      Hi Nurdin,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      We currently don’t have a page that lists providers who specifically send money from India to Tanzania. However, you can start your search using this page. Above, you could see a list of providers that could help you. Once you find the right provider, click on its “Go to site” green button. From there, you can then check if they handle transfers from India to Tanzania.

      Regarding the Vodacom M-Pesa account, yes, it is possible to use this to make a transfer. With this method, you can receive money from abroad via Moneygram international transfer, directly into their M-Pesa accounts. However, please note that we are not permitted to provide specific recommendations and so, I can’t tell you which one is the best choice for you. What you can do is compare fees and see which provider offers the best rates.

      Regarding WorldRemit, transfers are done online. You can visit their website to initiate your money transfer.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    CarolynNovember 29, 2018

    I have been told that paypal does not allow payments to be received in Tanzania. Please clarify

      Avatarfinder Customer Care
      nikkiangcoDecember 6, 2018Staff

      Hi Carolyn,

      Thanks for reaching out to us! Upon checking, users are unable to receive payments with PayPal for Tanzania. That feature is blocked because of intl banking rules and regulations. You may find other ways to send money to Tanzania using the information above. Hope this helps and feel free to reach out again, we’re standing by.

      Best,
      Nikki

    Default Gravatar
    JuliusOctober 13, 2018

    Does world first work as payoneer for I want to be paid online from platforms such as clickbank and am looking for an alternative to payoneer can this work for I am in Tanzania

      Avatarfinder Customer Care
      JoshuaOctober 17, 2018Staff

      Hi Julius,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      WorldFirst and Payoneer aren’t the same and they provide different services and feature. If you want to get paid online, you would need to ask your payer if WorldFirst could be one of their payment methods.

      Regarding Clickbank, I checked and WorldFirst isn’t specifically mentioned as one of the payment methods. Their page mentioned you can get paid through direct deposit, wire transfer, check, and Payoneer. However, there’s an option where you can contact ClickBank Accounting department to inquire about the WorldFirst and check if it is possible.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

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