- Use promo code 3FREE to get three free transfers
- Easy to use with round-the-clock help
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The UK is Madagascar’s 13th biggest trading partner when it comes to exports. Their top exports are raw nickel and vanilla, with most of their economic activity coming from agriculture, fishing and forestry.
The UK maintains a special relationship with Madagascar, being one of eleven countries with an embassy in this island nation.
Inspired by his favourite childhood movie, Madagascar, Neil has wanted to visit this country since he was a young boy. Neil couldn’t find a solution from his local bank in the UK to send him a cash pickup in the MGA and has therefore compared two money transfer companies with a cash pickup option. He uses £1,000 as a comparing amount.
|Money transfer company A||Money transfer company B|
|Exchange rate||1 GBP = 3998.90 MGA||1 GBP = 3876.50 MGA|
|Transfer fee||15 GBP||30 GBP|
|Amount of MGA received in Madagascar for £1,000||3,998,900 MGA||3,876,500 MGA|
|Transfer options||Online, agent, phone||Online, agent, phone|
|Difference in MGA||122,400 MGA|
Neil has already explored the options for cash transfers which will also be used in cases of emergency. Neil’s family and friends have the option to send him cash through Moneygram, Western Union, and Xpress Money.
All three of these services offer great customer support and have locations available in at least two of the main cities in Madagascar. Below are listed some of the locations that Neil can visit to pick up any emergency cash and after that follows some tips that you can keep in mind when picking up money.Back to top
It is advised that a traveller in Madagascar do not walk around with their passport as something that is easily accessible due to identity fraud cases. Phone ahead to the agent location you will be visiting and check if you can take along a copy of your ID or passport instead of the original document when picking up your cash.
There are some recurring cases of theft and violence as well, so when going to pick up cash, make sure that you are in a safely populated area and keep the transaction as discreet as possible. It is also advised to not travel alone when picking up cash as it makes for easy targeting.Back to top
Sending money through a bank or online service provider to a bank account in Madagascar
If you are receiving money from Madagascar, you will need to supply the sender with the above details.
Send money to a person for cash pickup
Picking up cash from an agent location
The Foreign and Commonwealth Office (FCO) advise against all travel to Batterie Beach, north of Toliara (Tuléar), where there have been violent attacks including fatalities. The FCO also advises travellers to take caution as there may be signs of political instability since the 2009 coup d’état.
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