How to send money to The Gambia
How to send a fast, secure and affordable money transfer to The Gambia from New Zealand.
Sending money to family or friends in Gambia may seem like a difficult and costly process, but it doesn’t have to be. Money transfers from New Zealand to Brikama or anywhere else can be quick and affordable. Just compare the transfer fees and exchange rates of the options available to you to get the best deal.
Compare money transfer services to Gambia
How to compare transfer companies when sending money to Gambia?
Since there are numerous money transfer companies to choose from, it is important that you compare them across different parameters.
- The monetary aspect. Some service providers lure customers by offering highly competitive exchange rates or fee-free services. This can be a problem if a high fee accompanies a seemingly favorable rate, or if you get an unfavourable rate while not paying any fees. A simple way to pick the more lucrative option is to compare how much money the recipient stands to receive.
- Ways to send money. If your bank permits fund transfers to Gambia, you can start the process in person, online or over the phone. Some money transfer companies operate out of stores and kiosks that you can visit to send money in person. Most let you carry out online transfers and some let you initiate the process over the phone as well.
- Ways to receive money. Some prominent money transfer companies that provide money transfer services to Gambia from New Zealand only offer cash pickup as an option. However, you can find some international money transfer companies that let you transfer funds directly into Gambian bank accounts.
- Methods. If you wish to send money to Gambia regularly, you can benefit from working with a company that lets you schedule automatic transfers based on a frequency of your liking. This takes away the need to go through the entire process repeatedly. Some money transfer companies also offer forward contracts and market orders.
- Turnaround time. If you’re sending money that the recipient will collect from a cash pickup location, the transfer can go through almost immediately. If you’re sending money to a Gambian bank account, money transfer companies can take one to three days to complete the process. Banks tend to take longer.
- Minimum limit. Some money transfer companies have minimum limits in place.
- Customer service. Customer service of a money transfer company can play an important role, especially if you plan to send money periodically. Ideally, you should be able to contact a company representative over the phone and via chat, not just via email.
Foreign exchange rates explainedThe 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. Exchange rates are flexible, which means they can change from moment to moment based on influences like interest rates, economic stability and inflation.
Today’s exchange rate NZD to GMD
Steps to send money to Gambia
- Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
- Supply your recipient’s name, contact information and bank account details as required.
- Enter the amount of your transfer and complete the transaction.
- Keep track of any receipt you receive so you can monitor the progress of your transfer.
Ways to send money to Gambia from New Zealand
- Bank transfers. Some major banks offer wire transfers to Gambia.
- Money transfer providers. Online providers like TransferWise and WorldRemit can help you transfer money quickly and easily. OFX is a trusted partner of Finder NZ and is offering Finder readers an exclusive deal of $0 in fees.
- Transfer companies with cash pickup. Providers like Western Union and MoneyGram offer this service — your recipient can sometimes pick up the cast within minutes.
- PayPal. You can send money abroad using your PayPal account.
Picking up cash in Gambia
Whether you’re picking up cash in Gambia or any other country, take a few simple safety precautions to prevent yourself becoming a target for thieves.
- Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
- Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
- Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
- Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
Same-day transfers to Gambia
You might need to send an emergency cash transfer to Gambia— for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
More guides on Finder
Review: Interactive Brokers online share trading broker
Interactive Brokers offers some of the lowest brokerage fees on the market, but there are caveats you need to be wary of.
HostMonster discount codes and coupons November 2020 | 30-day money-back guarantee
HostMonster offers affordable and reliable web hosting services for individuals and businesses. Save with our promos.
Passive income ideas for New Zealand investors
Looking for an easy way to earn money while you sleep? Investing in shares, peer-to-peer lending and renting out property can all offer the returns you desire.
The Co-operative Bank Fair Rate credit card
Transfer an existing balance and pay 0% p.a. for 12 months, plus enjoy a low interest rate and account fee with The Co-operative Fair Rate card.
SuperLife KiwiSaver review
SuperLife offers 42 different KiwiSaver plans for you to choose from — ranging from ethical funds to emerging markets ETFs.
ScotPac business finance review
Access business, trade or invoice finance for businesses of all sizes from ScotPac.
WorldFirst World Account for online sellers
Read our guide to the WorldFirst World Account for online sellers, including info on supported currencies, fees and how to open an account.
Review: PayPal for ecommerce sites
Learn about the pros and cons of using PayPal to convert your online seller profits into New Zealand dollars in this detailed review.
Review: Payoneer for online sellers
Read our guide to Payoneer and how it can help marketplace sellers save money when receiving international payments.
Selling on Shopify vs Etsy
This guide for online sellers compares Shopify and Etsy side by side to find out which platform is easiest to use and offers the best value for money.
Ask an Expert