- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
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 UK to Burundi 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 Burundi is easy. But do your research and shop around for the best available deal.
Barry is a dynamic young leader of a non-profit organisation in the UK that campaigns against human trafficking. Due to the latest political upheavals and violence between cultural groups in Burundi, most people are advising Barry not go. As an activist, he cannot help himself and goes about getting details for having enough cash resources when he is in Burundi.
After some research using £1,000 as a comparison amount, he concludes that his best options are companies that will be able to deliver his cash at agent locations in a safe area.
|Money transfer company A||Money transfer company B|
|Exchange rate||1 GBP = 2,010.75 BIF||1 GBP = 2,021.33 BIF|
|Transfer fee||30 GBP||15 GBP|
|Amount of BIF received in Burundi for 1,000 GBP||2,010,750.00 BIF||2,021,330.00 BIF|
|Transfer time||Minutes, 1-2 days||Minutes, 1-2 days|
|Transfer options||Online, Phone, Agent||Online, Phone, Agent|
|Difference in amount||10,590 BIF|
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 pound was worth approximately 26 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.
An international money transfer allows you to send money to a recipient overseas. Generally, a transfer involves you providing funds to a bank or an independent transfer provider, which then sends the money to your recipient in another country — in this case, Burundi. 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, which will then either be deposited into your recipient’s bank account or mobile wallet, or made available as cash for them to pick up at a location in their country.
For emergencies, Barry can go to one of the agent locations in Burundi’s main towns where there is preferably a lot of business activity. She can visit one of these agent locations with her photo ID and tracking or reference number to pick up cash that has been sent to her.Back to top
This means that in the case of Barry, he has himself in a tricky situation. The general safety advice is to not travel at night ever, and to stay away from areas other than densely populated business areas. Public transportation has also received a no-go from travellers. Because of severe laws against money theft, Barry is advised to carry more than sufficient proof that the money he picks up is intended for him.
|When sending to an agent location in Burundi:|
|1. Details of recipient|
|2. The details of the specific agent location (to make sure they have the available currencies)|
|3. Specified amount|
|4. If you’re doing it online, you will need to register an account with the service provider you are going to use.|
|If you are sending money to a supported bank account in Burundi:|
|1. Details of the bank and bank account number|
|2. The branch number of the bank along with any of the necessary SWIFT / BIC / IBAN details|
|3. Amount in the supported currency|
|4. Details of the recipient|
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.