Senegal, for the past years, has recorded strong economic growth in Africa. They are consistent in making the country invigorated, which will lead to the development and expansion they are all striving for. Remittance is also high as it represents a huge percentage of their GDP.
In the same way, Senegal is also allowing different money transfer providers in the country so that sending money outside of the country is simple. With the various remittance specialists in the country, both locals and foreigners are enjoying its service.
Send Money to the United States from Senegal
Wise
First Transfer Free!
- Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
transferGo
Send money very fast!
- Save up to 90% compared to banks. No hidden costs. Large selection of countries.
AZIMO
First Transfer Free!
- Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
How long does it take to transfer money from Senegal to the USA?
If you use a bank in Senegal to send money to the US, it would take a few days, the maximum day is 5-days, and sometimes money is delivered in 2 days. It will also rely on what bank is used for the money transfer. If the bank is a US bank with a presence in Senegal, the delivery may be faster. For money transfer providers, the delivery may take a day or two. But there are some money transfer providers who can complete the transaction in a day, a few hours, or even in minutes. For immediate need, this is what clients prefer when sending money to the US.
Expenses
Fees vary because banks have a different rate for money transfer transactions from those of money transfer companies. Banks will charge more while offering a lower exchange rate. It is crucial that before you send money anywhere in the world, make sure that you agree with their exchange rate and the charges they impose for the service. While money transfer providers can provide you with lower fees, they can give you a higher exchange rate.
It is what most customers are looking for, and they want their money delivered fast. The edge with using money remittance specialists is the cheap fees they impose for the money transfer. If you are someone who needs to send money daily to the US, or you have some employee you need to pay frequently, then having a money transfer provider that will give you great deals for the money remittance is what you should look for.
Introduction
Send money to the United States with the bank
Since there are limited US banks in Senegal, some people may find transacting with banks not as easy because there is a lesser option. However, since they are banks with such a presence in the US, they can make the money transfer possible and can even do it fast. For a US citizen in the country, they can open an account with the bank and make the bank to bank transfer easy for them. They can even do it online as long as they have money to fund their transaction. Online transaction is possible in Senegal, and it is not just with money remittance but also other bank transactions.
Transfer money to the US with a money transfer provider
It is a big deal for this country to have various remittance companies to cater to the local people or visitors with their money remittance need. This makes it easy for them to send money to the US, buy products, property, or even invest in a business there. Money transfer providers make such transactions possible, and it makes doing business in the US possible since there is a steady arrival of funds from Senegal. Locals also find that having money transfer providers makes it easy for them to receive remittance and sending money abroad is no longer something they see as challenging and inaccessible.
Conclusion
With the fast growth of this country, making the money transfer providers available is an enormous step as it can make visitors feel at ease when they need to send money to their country. Such service is available. The steady growth of the economy is not just one thing that helps the country but also the influx of businesses that are prospering there, including money remittance companies.