Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Send money to Zambia

Do you need to send funds to Zambia from the US? These tips will help you save money.

Updated

Fact checked

Although it might seem like a complicated process, sending money from the US to Zambia doesn’t have to be difficult or expensive. If a friend or family member needs money quickly, you can use a money transfer service to convert your US dollars into Zambian kwachas. You’ll likely get a better interest rate and less fees, saving you money and getting more funds to your recipient in Zambia.

Send money to Zambia with WorldRemit

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

  • Use promo code 3FREE to send your first three transfers with no fee.
  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
Promoted

Compare money transfer services to Zambia

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1 Within an hour USD 3.99 19.802 ZMW 9,822 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
$1 1 - 2 days USD 9.70 19.921 ZMW
9,767
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
$1 3 - 5 days USD 20.00 19.423 ZMW 9,323 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
$1 Same day USD 1.00 19.523 ZMW 9,742 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How do international money transfers work?

An international money transfer allows you to send money to a recipient overseas. Transfers involve one person providing funds to a bank or an independent money transfer company that then converts the money to another currency–in this case, the Zambian kwacha. This can be done in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card, or transfer funds from your bank account. Your transfer can be deposited into your recipient’s bank account or made available as cash for them to pick up at a nearby location.

Case Study: General money transfer companies vs. immediate money transfer services

Jenny is a businesswoman from Zambia and has recently moved to America to make sure her father’s rubber export company continues to perform well in his absence.

Since her father has a successful exporting company, she won’t need to send money to Zambia to support her family, but she still needs to pay off her student debt. She decides that since she is earning US dollars, it will be better for her financial future to tackle the debt and send money while she is still in America.

She takes the time to speak to fellow Zambians and does some research before coming to the following conclusions using a benchmark of $1,000 USD. She compares the fees and exchange rates for two different money transfer companies so that she is sure to receive the most Zambian kwachas for every dollar she transfers.

Money transfer company AMoney transfer company B
Exchange rate$1 USD = $8.146 ZMW$1 USD = $7.782537 ZMW
Transfer feeFlat fee of $10 USD if amount is under $10,000 USD$25 USD
Amount of ZMW received in Zambia for 1,000 USD$8,145.44 ZMW$7,782.54 ZMW
Transfer time1-4 DaysMinutes
Transfer optionsApp, Online, PhoneOnline, Agent
Difference in ZMW
  • $362.90 ZMW

Since Jenny doesn’t need to have her money transfered immediately, she opts for Service A so she can get more kwachas and pay a small fee.

Back to top

What criteria did Jenny use to compare transfer companies when sending and receiving money between Zambia and US?

  • Exchange Rates. Jenny found that exchange rates were relatively consistent but that she could get the best rate using a money transfer company that got its rates through the bank. The drawback to this was usually the time delays in sending money.
  • Pickup Methods. Zambia offers a robust financial infrastructure and allows someone to receive money in their bank account, as well as cash at an agent or branch location.
  • Fees. Fees are much higher if Jenny wants to send her money with a quick delivery and a low amounts,but are generally standard and not above $30 USD.
  • Bank to Bank Benefits. There is no clear bank to bank benefit that Jenny could find through her research, but she has noticed that Citibank has branches in Zambia and that she can send money using Commonwealth Bank.
  • Turnaround Time. The turnaround time can range from minutes to five days in sending money to Zambia.
  • Transfer Methods. There are a couple of options through the services she has found including branch, bank accounts, online, phone and agent.
  • Transfer Options. Because Jenny wants to pay off debt, she will most probably want to find a recurring payment solution. She also sees the value of a currency option so she can fix her rates when they are low.
  • Minimum and Maximum Transfer Amounts. Although some companies specify these (and a minimum can be as high as $5,000 USD), Jenny notices that the lower the transfer amount, the higher the fees can be.
  • Customer Service. MoneyGram and Western Union have been around for years and offer vast support structures worldwide, whilst Xpress Money is newer with support features like live chat. Citibank also has a huge reach with customer support ranging across global boundaries.

Foreign exchange rates explained

Exchange rates are a flexible scale that determines how much the currency of one country is worth when converted to the currency of another currency. The US dollar (USD) has traditionally been strong against the Zambian kwacha (ZMW), meaning that you will get more kwachas for every dollar you transfer. Interest rates, economic stability and inflation rates all influence the exchange rate between the US and Zambia.

Compare daily USD to ZMW exchange rates

What are your options for sending money to Zambia from the US?

  • Money transfer services. Moneygram, Western Union and Xpress Money are able to send money to Zambia.
  • Banks. Citibank has branches in Zambia, but requires a visit to the branch to send and receive money. Commonwealth Bank allows you to send money to Zambia and receive it and can also be used to send money to someone with a supported bank account in Zambia.

What are the steps to send money to Zambia using various services?

  1. Browse the table above and compare each provider’s rates, fees and delivery speed to find a service that works for you and your recipient.
  2. Click Go to Site when you’ve found a good provider.
  3. Create an account and enter your personal information, including your bank account information if required.
  4. Enter your recipient’s information.
  5. Pay for the transfer.
  6. Keep your tracking number and give it to your recipient if they are planning to pick up cash. This helps you ensure your transfer goes through smoothly.

Tips for picking up cash in Zambia

Here’s what you’ll need when picking up cash in Zambia:

  • A government-issued ID.
  • The tracking or reference number.

In addition, you should follow a few simple steps to ensure that you and your money stay safe:

  • Avoid any areas where crime is known to be a problem.
  • Keep your wallet and/or bag safe and secure at all times.
  • Take a friend along to provide additional security and peace of mind.
  • Don’t flash your cash around in public.
  • Don’t carry large sums of money around for any longer than is absolutely necessary.

How to handle an emergency money transfer

If your friend or family member needs cash immediately, there are money transfer companies that can perform a same-day transfer. Keep in mind that these will have subprime exchange rates and higher fees than transfers that are made over the course of a few days. Gauge your need and the total cost of the transfer before committing. If it can wait, you’ll likely save money and be able to transfer more than with an emergency transfer.Back to top

WorldRemit Deals WorldRemit Deals

Zero fees on your first THREE money transfers

Send money with WorldRemit using the code '3FREE' and pay no fees on your first three money transfers

Last verified

Coupon code ends

Read more on this topic

  • US remittance statistics

    We’ve unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.

  • Best ways to send money online

    Navigate the world of sending money domestically and internationally with our hand-picked list of popular services.

  • XE vs. OFX money transfers

    Check out this side-by-side comparison of XE and OFX to find out which provider offers the best value on international money transfers.

  • Alternatives to InstaReM

    Find the best alternative websites to InstaReM for online money transfers.

  • TransferWise account for e-commerce sellers review

    Receive payments in five local currencies and convert them to dozens of others using one account.

  • XE vs. Western Union

    We compare XE’s and Western Union’s fees, exchange rates and transfer speeds side by side.

  • Remitly vs. PayPal

    Compare a well-known payments giant to the newer Remitly and see which one can give you a better deal.

  • Remitly vs. TransferWise

    Remitly and TransferWise’s fees, exchange rates and speeds compared side by side.

  • Send money to Guinea

    Compare the services that send money to Guinea. Find out how to get the best value for your money, how long it takes and what to look out for.

  • Best places to exchange currency in Sydney

    Your guide to currency exchange services in Sydney, including where to find the best exchange rates and lowest fees.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site