Send Money to Tanzania Simply and Securely

Information verified correct on February 23rd, 2017

Wondering how to send moneytanzania-dar-es-salaam-national-museum to Tanzania from the U.S.? Here’s the information you need.

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

Rates last updated February 23rd, 2017

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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:

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
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
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... 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.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

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Case study: Comparing transfer companies

Neema Bilal arrived in America as a student. She did not return to Tanzania at the end of her education because she got a job in the U.S. that permitted her to continue living here. However, her parents still live in Tanzania. While her father makes enough money to sustain their livelihood, Neema wants to contribute so they can lead a more comfortable life. She figures she can afford to send around $1,000 every two months.

First, she checks if she can use her bank for the transfer. Since it does not deal in exotic currencies, she cannot. She then turns online to compare money transfer companies, and this is what she finds.

Money transfer service 1Money transfer service 2
Exchange rate$1 = $1,493.45 TZS$1 = $1,500.50742 TZS
Transfer fee$0$13.99
Amount received for $1,000$1,493,450 TZS$1,479,515 TZS
Transfer time1 day1 day
Transfer optionsBank accountBank account, cash pickup
Difference of$13,935 TZS

While the second service provider offers a better exchange rate when compared to the first, it also charges a fee. As a result, Neema uses the first service provider, through which her parents stand to receive more money. Since she wishes to transfer the money directly into her father’s bank account, the first service provider not offering cash pickup as an option is not a concern.

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

Comparing banks and money transfer companies is not difficult, provided you know what to look out for.

  • Fees and exchange rates. Some service providers may offer no-fee services, but they can offset the cost by offering unfavorable exchange rates. Similarly, paying exorbitant fees to get a seemingly great rate does not make sense. An easy way to pick the better deal is to compare the money the recipient stands to receive.
  • Ways to send money. Banks that offer fund transfer services to Tanzania can let you go through the process online, over the phone or in person. Sending money in person is also an option if you choose a suitable money transfer company. There are numerous money transfer companies that operate in the online world. Some of these let you send money over the phone as well.
  • Ways to receive money. If you have the recipient’s bank account details, you can transfer funds directly into a Tanzanian account. Collecting transferred funds from a cash pickup location is also an option.
  • 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?
  • Using the same bank. You can benefit by using a bank for the transfer, provided both you and the recipient have accounts with the same institution. Benefits can come in the form of a quicker turnaround time and reduced fees.
  • Minimum limits. Some service providers have minimum transfer amounts in place, which can be $500 or even $1,000.
  • Customer service. You never know when you may need to contact a company representative. You should ideally be able to do so over the phone, via chat and via email.
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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.

Options for sending money to Tanzania from the U.S.

  • Banks. There are banks in the U.S. that let you send money to Tanzanian bank accounts, which you can do in person, online or over the phone. You can also think about mailing a bank-issued check, draft or money order.
  • Non-banks. Money transfer companies such as Western Union and MoneyGram let you transfer funds to Tanzanian bank accounts. You can also use their services to send money to cash pickup locations in Tanzania. Using PayPal is also an option, as long as you and the recipient have accounts with this service provider. You can open a new PayPal account for free, in little time.

Find a money transfer location near you

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Tips for picking up cash in Tanzania

It is recommended to exercise a high degree of caution when in Tanzania. Instances of bag snatching from moving vehicles are common. As a result, when you’re driving make sure you keep your vehicle’s doors locked and windows closed. Exercise vigilance in isolated areas and refrain from traveling to such areas alone or after dark. 

Remain vigilant when using public transportation, as well as when at tourist destinations and bus stations. Stick to using registered taxis. Don’t accept food or drink from strangers as it may be spiked.

What are the steps to send money to Tanzania?

The steps involved in sending money to Tanzania from the U.S depend on the method you choose.

  • Transfer to bank account. If you’re sending money through your bank, you’ll have to provide the recipient’s name, account number, bank’s name and the bank’s routing number. If you’re using another bank or a money transfer company, you’ll have to provide details of your bank account, debit card or credit card as well. You should get a reference number once you initiate the transfer. You can use it to track the progress of the transfer at any time.
  • Cash pickup. You’ll have to provide the recipient’s name and a desired cash pickup location along with details of your bank account, debit card or credit card. You get a reference number, which the recipient will needs in order to collect the transferred money.
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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.

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