When you want to send money to your loved ones in Ghana, it is best to choose the cheapest and easiest way. It is best to compare the exchange rates and transfer fees so that you get the best deal from the options. In this article, we will show you money transfer alternatives which are easy on your pocket.
How Do You Send Money From the US to Ghana Online?
Here are the steps to take in order to send money to Ghana online.
- Pick the provider of your choice and sign up for a free account by providing the necessary information.
- Provide the transfer details by submitting the contact information for the recipient. Also, it is important that you provide a delivery method. In the event that you are transferring the money to a bank account, you should give the recipient’s account details in Ghana.
- Confirm the transfer details by double-checking your method of payment, transfer fees as well as the destination.
- Depending on the transfer provider, save the receipt’s confirmation details so as to track your transfer progress. Moreover, some providers send texts for confirmation, whereas others send emails.
TransferWise Money Transfer to Ghana From the US
TransferWise, rebranded to Wise, is one of the most convenient online money transfer service providers. Moreover, the service lets you send money from the US to Ghana up to eight times cheaper than the bank. Unlike many other money transfer services, Wise uses the mid-market rate or interbank rate with no markup added. You can send money to individuals or businesses in Ghana.
Most importantly, Wise, formerly TransferWise, transaction costs are transparent. On the contrary, other service providers increase the exchange rate as well as add extra transaction fees. Making transactions on the website or Transferwise app is an easy task. All you need to do is type in the recipient’s details as well as yours and how much money you intend to transfer. If you have an online bank account, you can send the money to Wise, or you can type in your debit card details.
Transferwise Payment Methods
You can fund your transfer with a debit/credit card, bank transfer, PISP or SWIFT. Bank transfers are usually the cheapest option for your international money transfer with TransferWise. However, bank transfers can be slower than debit or credit cards. Paying with a debit card is usually cheaper than credit card. Transferwise accepts Mastercard, Visa and Maestro cards. Your transfer will take longer if you use SWIFT and will be more expensive as your bank and any orrespondent banks in between will charge a fee.
How Do I Receive Transferwise Money Transfer in Ghana?
You can send money from the US to a bank account or mobile money wallet in Ghana. Before you make your transfer, it is advisable that you find out from your beneficiary in the country which receiving method is convenient for them.
How Long Does It Take to Transfer Money to Ghana From the US With Transferwise?
TransferWise can send your money within one day, as a same day transfer, or even an instant money transfer. Sometimes, different payment methods or routine checks may affect the transfer delivery time. For example, card payments are usually instant while bank transfers take longer.
Once TransferWise receives and converts your money, it usually arrives in your recipient’s bank account on the same working day. Conversion can take up to 2 working days.
How Much Does It Take to Send Money to Ghana From the US With Transferwise?
As we pointed out, Transferwise doesn’t add a markup on exchange rate. However, you will have to pay a fee. If you send 500 USD, your recipient will receive 2,786.89 cedis and your transfer fee will be 17.11 USD.
WorldRemit Money Transfer to Ghana From the US
WorldRemit offers a low-cost solution to transfer of funds abroad as well as making payments in Ghana. More so, WorldRemit is cheaper and more convenient than other high-end money transfer service providers and banks.
Send money with WorldRemit using the code 3FREE and pay no fees on your first three money transfers.You will also receive a discount voucher for use in your next transaction when you refer a friend via your referral code. Other codes that you can also use are TRACE, NOLLYWOOD, APLUS, TFC, GMA, ASAP, Jollibee1, Jollibee2, Jollibee3, Jollibee4, WRBEE, EVENTS, CIMB.
How Can I Pay for WorldRemit Money Transfer to Ghana?
There are several options available for you to fund your money transfer from the US to Ghana. These are card (debit, credit and prepaid), bank account transfer, Interac, Apple Pay, and ACH.
How Do I Receive WorldRemit Money Transfer in Ghana?
Your recipient in Ghana can receive the money via mobile money, bank transfer, cash pickup, and WorldRemit wallet. You can also send mobile money topup to your recipient in Ghana. For your recipient to receive money through WorldRemit Wallet, they will need first to download WorldRemit app. The wallet is part of the app.
How Long Does It Take to Transfer Money to Ghana From the US With WorldRemit
Mobile money, cash pick up and airtime topup are usually instant while bank transfers can take up to two working days.
How Much Does it Cost to Send Money to Ghana From the US With WorldRemit?
WorldRemit transfer fees can range from $3.99 to $24.99. Factors that determine the actual fee include the sent amount, the payment method, receiving method and the country you are sending the money from. Bank transfers are usually cheaper than cash pickup or mobile wallet transfers.
Send money with WorldRemit using the code 3FREE and pay no fees on your first three money transfers. You will also receive a discount voucher for use in your next transaction when you refer a friend via your referral code.
Remitly Money Transfer to Ghana From the US
Remitly is a digital remittance money transfer service provider that makes the process faster, more transparent and affordable. Since it is an entirely online service provider with no physical locations, you will make low-cost transfers, and thus, you get to save some fees. Moreover, clients are also eligible for wonderful promotions, especially for first-time users.
How Do You Make a Remitly Transfer to Ghana?
Once you create an online account with Remitly, check out the step-by-step guide on how you will send your transfer. Afterwards, you will receive a prompt for you to select an option for delivery.
Remitly Payment Methods
You can fund your money transfer to Ghana from the United States with a bank transfer or debit/credit card.
How Do I Receive Remitly Money Transfer in Ghana?
Delivery options are bank deposit, cash pickup, mobile money (Airtel, MTN, Tigo Cash, Vodafone Cash)
How Long Does It Take to Transfer Money to Ghana From the US With Remitly?
If you send money using Exprss Plan, the funds will be delivered within minutes while Economy Plan, delivery may take between 3-5 working days.
How Much Is Remitly Money Transfer to Ghana From the US?
Your first transfer with Remitly is free. Generally, the fees differ based on the transfer plan you have selected. For example, Express plan is faster so it attracts higher fee ($4.99) while Economy is slower but the fees are lower ($3.99). When you start to make your transfer, Remitly will show you the actual exchange rate the at the time of your transaction.
Ria Money Transfer to Ghana From the US
Ria Money Transfer is a money transfer service you can use to send money to Ghana from the US with fees as low as 0 USD. To use the service, you need to create a free account using Ria website or apps, Android and iOS. Ria will ask for your personal details such as name, ID, address, etc. In less than 5 minutes the registration process will be completed then you will be able to make your transfer.
Ria Payment Methods
You can fund your transfer with debit card, credit card, bank account and cash. To pay with cash, you need to visit Ria stores. Find Ria location near you here. In the US, Ria allows you to send money using PayNearMe. You can create your money transfer online and pay with cash at 7-Eleven store near you. There are no extra charges for using this method.
Ria allows you to send $2999.99 per day. Residents of Oklahoma and Arizona are limited to $999.99 per calendar day.
How Do I Receive Ria Money Transfer in Ghana?
Your beneficiary in Ghana can receive the money via a bank account or cash pickup.
How Long Does It Take to Transfer Money to Ghana From the US With Ria?
If you pay for your transfer with a credit or debit card, your money usually arrives in minutes. Paying through your bank account is the cheapest way but it is the slowest. The transfer can take up to 4 working days.
How Much Does It Cost to Send Money to Ghana From the US With Ria?
Ria transfer fees vary based on factors such as payment method, receiving method, amount, etc. However, you will be able to clearly see how much your transfer will cost before finishing your transaction. The company makes money from the markup they add on exchange rate. But it offers the same exchange rate regardless of the amount involved.
Digital Transfer Services to Ghana From the US
Companies like CurrencyTransfer and XE have specialized in offering services for transfers that deal with foreign currencies. Therefore, they are cost-effective, and clients make the most out of the transfers that they make from these service providers. Furthermore, the funds are available in the recipient’s account in Ghana within two days.
Cash Transfers to Ghana From the US
Companies like MoneyGram offers services where the recipient can pick up cash at Ghana local branches in 15 minutes after the transfer. On the downside, you will get weak exchange rates and high transaction fees. However, it is a good means to make an emergency money transfer from the US to Ghana.
Final Thoughts on Best Ways to Send Money to Ghana from the US
Sending money from the US to your loved ones in Ghana should be an easy process. Once you compare the companies that offer the transfer services, check out for options that give you the most reliable rates, flexible delivery for your recipient as well as the lowest fees. We hope that this article will come in handy in giving you an insight into cheap ways to send money from the US to Ghana.