Send money to Zimbabwe

Find the best way to transfer money to Zimbabwe from the UK.

Using a dedicated money transfer service could let you send money to Zimbabwe more cheaply than with your bank. Use the table below to compare quotes from a range of popular transfer providers to see which could get you more dollars for your pounds.

Compare quotes for sending money to Zimbabwe

1 - 7 of 7
Name Product Filter Values Pay By Fastest transfer Fee (Pay by Bank Transfer) Key benefits
OFFER
Xe
Credit card, Bank transfer
Within minutes
£2
Refer a friend and you'll each get a £25 Amazon voucher when they transfer over £1,000
Wise (TransferWise)
Credit card, Debit card, Bank transfer
4 hours
From £3.75
CurrencyTransfer
Bank transfer
24 hours
£0
OFFER
VertoFX Business
Bank transfer
24 hours
£0
New customers get $100 trade credit after their first transaction. T&Cs apply.
CurrencyTransfer Business
Bank transfer
24 hours
£0
XE Business
Bank transfer
24 hours
£0
Special offer: £25 Amazon voucher when you refer a friend
OFFER
WorldRemit
Credit card, Debit card, Bank transfer
Within minutes
From £1.99
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
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Compare up to 4 providers

Please note: You should always refer to quotes you receive from transfer services themselves directly for exact amounts as they may vary from our estimates.

Here’s our simple process for sending a money transfer to Zimbabwe as a cash pickup or bank transfer – the two options are similar:

How to send money to Zimbabwe from the UK

  1. Compare transfer services. Use our table above to compare quotes for sending GBP to Zimbabwe.
  2. Register for an account. You'll need to give your name, address, contact details and confirm your ID (which typically involves submitting a selfie along with a photo of the page in your passport which has your headshot).
  3. Provide recipient details. Enter your recipient's name and contact information. If you're sending straight to their Zimbabwean bank account, you'll need their account details – namely their "IBAN" and their bank's "SWIFT" code.
  4. Enter the transfer amount. Double-check you're happy with the fees, exchange rates, transfer speed and the amount of dollars your recipient will receive.
  5. Complete your transfer. Add your payment details and action your transfer to Zimbabwe! Keep any reference safe so you can track your transfer (your recipient may need this).

The whole process can take as little as 1 hour and all you'll need is a smartphone or computer, an internet connection, your passport or driving licence, your recipient's account details and a means of payment.

If you send to a Zimbabwean bank account, your recipient will need to wait for the funds to arrive. For a cash pick up, your recipient in Zimbabwe might be able to pick it up as soon as payment has cleared. They’ll need to show some form of photo ID in order to pick up the funds and may additionaly require a reference number and details of the sender and amount.

Case Study: Jendayi sends money to Zimbabwe

Jendayi is spending two years working in the UK for a clothing company, but she stays in regular contact with her elderly parents back home in Zimbabwe. Her parents need some funds to help pay off a debt to a previous landlord, so Jendayi plans to send them £2,400 from the UK.

Jendayi decides to check out an online money transfer specialist to see if it works out any cheaper than her bank

Bank Money transfer firm
Exchange rate 1 GBP = 1.17 USD 1 GBP = 1.21 USD
Transfer fee £0 £2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2-5 working days Next day
Amount received 2,808.34 USD 2,898.64 USD

As you can see, while the transfer fee is slightly higher for the online money transfer company, it allows Jendayi to send an extra 90.30 USD, which is transferred straight to her parents' CBZ Bank account.

How much does it cost to send money to Zimbabwe from the UK?

The cost of sending money to Zimbabwe from the UK depends on the GBP to USD exchange rate applied to the transfer, plus any fees incurred.

Exchange rates

The “mid-market” or “interbank” rate is the that banks and transfer services use to trade between one another. It’s the best rate going. To cover costs and make some profit, transfer services either give consumers a slightly less preferential rate or charge a transfer fee. In a few cases, they might do both.

If you’re not in a rush, companies like TorFX let you set “rate targets” so that your transfer can be automatically executed if and when the exchange rate hits a target you set. This can translate into meaningful savings, especially on larger transfers.

Transfer fees

Transfer fees can take the form of a flat fee (e.g. £5) or a percentage fee (e.g. 0.5% of the amount being transferred). As well as varying from brand to brand the fee at a specific brand might vary according to the service you require (a cash pick-up or a faster transfer could cost more, for example).

Discounts

Some transfer services offer a discount to new customers. Ultimately you just want to look at how may Zimbabwean dollars they’re promising you for your pounds. That’s the easiest way to find the best deal.

Is this a good time to send money to Zimbabwe?

Compared to the start of 2022, the pound is weaker against the dollar. Currently £1,400 is equivalent to $1,701.14, whereas at the start of 2022, £1,400 was equivalent to $1,889.86. That's a decrease of 9.99%.

Similarly, compared to mid-2021, the pound is again weaker against the dollar. In mid-2021, £1,400 was equivalent to $1,935.92. That's a decrease of 12.13%.

What's more important, however, is where the strength of the pound against the dollar goes from here – which is harder to call. Based on those two quick glances back, your pounds might not go as far as they would have, so shopping around for the best deal on your transfer is key.

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2 Responses

  1. Default Gravatar
    PriscaMarch 9, 2018

    Agents and pick up points locations in Zimbabwe

    • Avatarfinder Customer Care
      joelmarceloMarch 15, 2018Staff

      Hi Prisca,

      Thanks for leaving a question on finder.

      The agent and pickup points in Zimbabwe will always be posted in their websites if you are referring to WorldRemit, Western Union and MoneyGram.

      Cheers,
      Joel

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