CMT money transfer to a country
On a daily basis, the rate of transfer of money across borders increases which is as a result of increasing contact between people among different nations. The contact can either be official that is for business purposes or on the other hand, it can be to family and friends. In Sierra Leone, things are not any differences are there are similar transactions there too. The currency used in Sierra Leone is the SSL.
Best ways to send money
Transferring money from one country to another can be done in two major ways; The first way is by use of money transfer companies which is not that efficient in this case since if you send a pre-paid card, the recipient will have to wait to receive the card which may take quite a lot of time. The other method to use is by use of online money transfer which is the most preferred method in Sierra since it is swift and the recipient gets money instantly.
Types of options to send money
There are 3 major ways you can do the transaction
â€¢ Rechargeable debit cards
To use this option you simply get one of the online money transfer services and you will have your card send to an address that you desire.
â€¢ Wire transfer
In this method, money is sent electronically from one bank to another
â€¢ Personal checks
The check will ensure money is delivered to a specified person
Restrictions on receiving money
It is important to note that foreign cards are not accepted in Sierra Leone and if you, therefore, send a prepaid card, the recipient may never receive the money.
Restrictions on sending money
As for the amount of money to send, there in no restriction of the amount that you can send.
Process to send money
The process to send the money is very is as the only thing that you will be required to do is to get a broker and the broker will do all the transaction for you.
Brief economic trend
There are recessions and depressions in a country and therefore the rate of exchange is expected to vary from time to time.
The main bank in Sierra Leone is the Central Bank of Sierra Leone.
Swift transfer to Sierra Leone?
A currency transfer to Sierra Leone is very swift. In most instances that this will happen instantly and a persons chosen recipient will be able to access their funds immediately. When you send a pre paid credit card to a recipient in Sierra Leone they will have to wait to receive the card which can take quite a lot of time. Add to this the fact that not all postal systems are 100% reliable and you can see why a card like this is not always the best option.
Foreign cards are not accepted in ATMs in Sierra Leone?
It is also important to note that foreign cards are not accepted in ATMs in Sierra Leone. So if you send a prepaid credit card the chances are your recipient will not be able to get to their money at all. So as you can see it is far better to send money to Sierra Leone using an online transfer.
Few places accept credit cards in Sierra Leone?
In addition to the issues mentioned few places even accept credit cards which could make the one you sent your recipient virtually useless. So set up an online money transfer to Sierra Leone and you can rest easy knowing that your recipient will get their money. Sierra Leone uses the Leone (SLL) as their currency and like every other currency in the world the exchange rates can vary. You can check the currency rate Sierra Leone follows at the time of your transfer so you will always know exactly how much money your recipient will receive.