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Money Transfer to Somalia
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Why a currency transfer to Somalia is a good option

Trying to decide which option to turn to when you send money to Somalia can be quite difficult. By being in for receipt of all the facts relating to a foreign currency transfer you will be able to make the right decision. Arranging a currency transfer to Somalia is certainly a good option if you want to have a smooth and straightforward transfer, but why is this?

 

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Currencies Direct
£100
No Money Transfer Fees
1%
Sameday in major currencies
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TorFX Review
£300
No Money Transfer Fees
0.7%
Sameday in major currencies
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Moneycorp
£1000
No Money Transfer Fees
1%
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Somalia does not accept cards for payment

You might have been wondering about sending a pre paid credit card rather than a money transfer to Somalia. The main reason that you should not do this is that credit cards are not accepted as payment in Somalia. If you were to send one your recipient would not be able to use the money that was on the credit card so it would be a wasted effort.

Foreign exchange in Somalia is hard

Some people will send travellers cheques to their recipient who lives in Somalia. Once again this is not advised as foreign exchange in Somalia is hard. Your recipient could find that they are unable to exchange the travellers cheques for Somali currency which is the Somali Shilling (SOS), so you should transfer money to Somalia instead. Do this and you will know that your recipient will have their money when they need it.

You will get a great rate online

By exchanging money and sending it online you could benefit from a great rate of exchange. You can check the currency rate Somalia money is being traded at when you arrange your transfer. Using such a service is 100% free and you are able to take a look at the exchange rate whenever you wish to. With all of these facts in mind it is quite simple to see why arranging an online transfer is by far the most preferential method of getting funds to someone that you know who lives in Somalia.



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