Money Transfers to Algeria

UKForex
FCA Regualted: FCA Regulated
Margin Rate: 1%
100,000 gets you: 99,000 AFN
Aston Currency Management
FCA Regualted: FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 AFN
Oanda
FCA Regualted: FCA Regulated
Margin Rate: 2%
100,000 gets you: 98,000 AFN
Yorkshire Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 AFN
Allied Irish Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 95,000 AFN

You don't have to use a bank transfer

You may be under the impression that any time you send money to Algeria you will need to complete this via a bank to bank transfer. While this may have been the case several years ago it is certainly not the case today. This is due to the fact that many people found that waiting for five days to receive money sent by a friend in a foreign country was far too long. Now thanks to online exchange brokers you can wave goodbye to bank to bank transfers are forever and say hello to a much faster and more straightforward method of currency transfer.

You need to exchange the right currency

As you would think it is important that you know the currency of Algeria prior to transferring any money across to your recipient. The unit of currency that Algeria uses is the Algerian dinar (DZD) and like any other foreign currency its exchange rate will vary on a daily basis. With this in mind you should check the currency rate Algeria currency is following before you transfer funds.

Your transfer can be complete in minutes

Another thing you should be aware of when you transfer money to Algeria is that these processes will now take a matter of minutes. So if you need to ever get money to someone in Algeria quickly you can transfer money to them on the same day as they ask you for help. This is so much better than having to ask your recipient to wait for five days before they could manage to access the funds you have sent.