Boat harbor in Yemen

Here Are Ways to Send Money to Yemen Better

Information verified correct on February 21st, 2017

Wondering how to send money to Yemen 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 deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Yemen doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Yemenis easy. But do your research and shop around for the best available deal.

Compare your options for transferring funds to Yemen

Rates last updated February 21st, 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:

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

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
Fast... Fast, low-cost transfers to 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: Alida sends money to her family in Yemen

Alida’s family emigrated to Yemen from Africa, while Alida decided to travel to the U.S. to study at a prestigious university here. After graduating, Alida found work in the U.S. and wants to send money to her family in Yemen.

Surprised at her U.S. bank’s high fee and poor exchange rate, she decides to compare a couple of money transfer companies. Below is a summary of her findings when using $1,000 USD as the transfer amount.

Money transfer company AMoney transfer company B
Exchange rate1 USD = 145.358662 YER1 USD = 148.6667 YER
Transfer fee60 USD70 USD
Amount of Yemeni Rial received in Yemen  for 1,000 USD145,358.66 YER148,666.68 YER
Transfer timeMinutes1 day
Transfer optionsOnline or branch transfer with a cash pickup at an agent.Online or branch transfer with a cash pickup at an agent.
Difference in YER
  • 3,308.02 YER

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

Keep in mind these factors when comparing transfer providers:

  • Exchange Rates. It is advisable to view the different exchange rates offered by money transfer companies like Moneygram, Western Union and Xpress Money as it varies according to each one’s exchange rate calculator.
  • Pickup Methods. Cash pickup locations are plentiful in Yemen. When transferring money to a bank account in Yemen, first make sure the bank and service you are considering support a money transfer to that bank account.
  • Fees. The fees when sending money to Yemen are higher than usual fees, but don’t vary too much between the available services. Consider the exchange rate along with the fee to get the best deal.
  • Turnaround Time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • 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-time orders?
  • Customer Service. What sort of customer support is offered and during what hours can you receive assistance?

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.

Ways to send money to Yemen from America

  • Bank transfers. Some major banks offer wire transfers to Yemen.
  • Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily.
  • Transfer companies with cash pickup. Providers like Western Union and MoneyGram offer this service — your recipient can sometimes pick up the cast within minutes.

Banks vs. money transfer companies or services

We use our banks to take care of all our other financial needs, so surely we should use them when we need to send an international money transfer, right? Not necessarily. While major U.S. banks offer money transfer services, they usually offer less competitive exchange rates coupled with high transfer fees.

You can often save money by using the services of a dedicated money transfer company. These providers specialize in handling overseas money transfers, offering attractive exchange rates and affordable transfer fees. This translates to big savings for you.


PRO TIP:

Helpful tips for picking up cash in Yemen

Whether you’re picking up cash in Yemen or any other country, take a safety-first approach. Use common sense, such as keeping your cash hidden and depositing it with your bank as soon as possible. Taking a friend along with you to collect the funds is also a good idea.

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US International Money Transfers Offers

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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

Fast, low-cost transfers to 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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