Money Transfers to Tanzania

Xendpay
FCA Regualted: FCA Regulated
Margin Rate: 1%
100,000 gets you: 273,730,454 TZS
FairFX
FCA Regualted: FCA Regulated
Margin Rate: 3%
100,000 gets you: 268,200,546 TZS
ANZ Global Bank
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 262,670,638 TZS
The Change Group
FCA Regualted: Not FCA Regulated
Margin Rate: 2%
100,000 gets you: 270,965,500 TZS
The Bank of East Asia
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 262,670,638 TZS

Minimal fees in Tanzania
Any time that money is transferred between countries there will be fees involved to set up the transfer. Online transfers thankfully have minimal fees to do this. Other methods of transfer can be very costly and as most people want to save money a money transfer to Tanzania is certainly preferable.

Better rate of exchange in Tanzania
A currency transfer to Tanzania will normally get you a better rate of exchange than some methods. By looking at the currency rate Tanzania money follows you will see that the rate of exchange you will get online can be excellent. The unit of currency that is used in the country is the Tanzanian Shilling (TZS) although it is also possible to send US dollars as these are accepted in many different places in the country. Some shops and restaurants will even display their prices in US dollars so your recipient will already understand this.

Your recipient will get fast cash in Tanzania
Finally, when you send money via an online exchange broker your recipient will get fast cash. Most people will find their transfer will be completed on the same day as it is arranged which is very fast. When this is compared side by side with a bank transfer, which can take up to 5 days to process it is clear why it is so popular. So if you want to choose the best method to get money to someone in Tanzania these three reasons should help you to understand which you should use.