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- Easy to use with round-the-clock help
- Get cash to family and friends in minutes
There are a number of options when it comes to sending your money to Cameroon, but not all of them will give your recipient as many francs on the other end.
Compare your options before making a transfer to see how much money you might be able to save.
You can look at different services depending on whether you want it fast, cheap or convenient.
You may be able to go to your bank to send money to Cameroon. It’s convenient, but it will also be slow and expensive and you may not be able to get the desired currency.
Some services let you send money to Cameroon for a cash pick-up. It’s fast but expensive.
An online money transfer with a specialist service is usually the best value for money, but it can be a bit slower.
Here’s how much it would cost to send £1,000 to Cameroon with a cash transfer and with a money transfer service, so you can see how much a difference it makes.
Rates and fees are current as of 3 September 2019.
|Cash transfer||Money transfer service|
|Exchange rate||1 GBP = 691.9142 XAF||1 GBP = 698.97 XAF|
|Transfer speed||In minutes||Within hours|
|Receiver gets||XAF 7,155 less||XAF 7,155 more|
Using a cash transfer service is faster, but also more expensive. By using an online money transfer service instead, your recipient would get XAF7,155 more on a transfer of £1,000.
If you want to send money to Cameroon as fast as possible, cash transfer services can get it there within minutes.
If you’re in a hurry, but also want to save money, you can look for a high-speed online transfer option.
Emergency cash transfers are offered by services including Western Union and MoneyGram and can get your money to Cameroon in just a few minutes, although these are usually more expensive than bank transfers.
The recipient will have to pick it up from a specified location though and it will usually have to be within business hours for the agent at the destination.
Neither you nor the recipient needs a bank account for you to send money to Cameroon.
You can pay with cash at MoneyGram or Western Union agents in the UK if you don’t have a bank account.
If your recipient doesn’t have a bank account, you can request a cash pick-up or choose other options such as a mobile airtime top-up.
With the aim of making foreign investment easier, Cameroon enjoys a highly developed banking sector on top of its mobile money network and numerous cash pick-up agents.
Keep in mind that Cameroon’s currency is pegged to the euro at a rate of 1 EUR = 654.59 XAF. This means that factors that affect the euro affect the Central African CFA franc (XAF) as well.
You will need to provide documentation to send money to Cameroon. This may include the following:
If you’re having trouble deciding which money transfer service to use, here are some aspects to consider:
By knowing the mid-market foreign exchange rate for your destination country’s currency, you get a benchmark to consider when comparing quotes from different money transfer services.
Here are the current mid-market rates for Cameroon. See how close you can get with a money transfer service to find the best rates.
Today’s exchange rate GBP to XAF
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