Sending money to Liberia is not as easy as sending it to other countries in Africa. This is because the country’s bank transfer charges are enormous as you will see later in this article. And many African countries have established stringent regulations for money transfer in and out of their countries.
It, however, doesn't mean that you cannot transfer money back home for people to enjoy the fruits of your labour. There are numerous ways that you can use to send money to Liberia without incurring massive transaction costs.
This article will look at most money transfer methods available in Liberia and how to securely send money there.
4 Issues to solve to send money to Liberia
Problems that people face when transferring money to Liberia using local money transfers
There are so many challenges involved when it comes to sending money to Liberia. This makes it hard for employees to help their families whenever the need arises.
1. It takes too much time for money to reach the receiverThere are times when you want money to be delivered fast to your family and without undergoing through many processes to do so. But whenever you use bank transfers, they can take days before the money is delivered to Liberia. This means that whatever the money is intended for cannot be done on time.
2. The charges are enormousThe last thing you want is to spend too much of your hard-earned cash to send money to your people in Liberia. Bank transfer fees can be very costly. That means that you will have to ruin your budget just catering for the transfer fees.
3. The withdrawal process is a bit lengthyOnce the money is delivered to your family in Liberia, they will have to access a bank before they can make any withdrawals. They can also use ATM cards which they will have to be charged an enormous withdrawal fee. This means that a lot of money will be wasted paying bank transfer rates and withdrawal rates.
4. You need to have a bank account in LiberiaOther local money transfers require you to have a bank account in Liberia. This can be quite inconveniencing given that you need it to send cash back to the family. In case you are yet to open an account with any of the local banks, you will have too much time creating a current account with the local bank.
5 Reliable methods to send money to Liberia
The good news is that there are several safe methods which you can use to send money to your family in Liberia. This is by using mobile money transfer methods.
These methods are not only dependable but very useful. You also don't need to walk to the bank and queue only to send a couple of dollars back home. The methods allow you to send money at the comfort of your home.
Some of the significant advantages that come with using these alternative money transfers methods include:
1. They are fast
Send money to Liberia from the UK, Canada or the United States with mobile money Liberia and get ultra-fast services. This means that your family will get the cash faster than they would if you used local banks to transfer the money. Methods such as MoneyGram Liberia and PayPal Liberia, which is also operated by an online service known as zoom, will only take your family less than an hour to receive the cash. This means that you can send urgent cash without worrying about the transfer time it will take for the money to reach your family. You will no longer have to worry about transferring urgent money.
2. They charge less fee
The fee that you are charged when you send mobile money to Liberia is much less than if you decide to use local money transfer methods. For instance, if you send using Western union Liberia, you will only be charged a total of 11 USD. This is if you use the internet. You will, however, be charged and a total of 15 USD when you use western union agent. MoneyGram Liberia costs 10.99 USD via the internet using bank transfer method, 9.99 USD via a Western Union agent. PayPal Liberia using Xoom charges 9.99 USD for using bank account transfer and 14.99 USD for using credit transfer. All these can be done by simply login into your account on the internet from the USA.
3. There is no need for people back home to exchange the money
The best thing about using mobile money Liberia is that your family will receive the cash in Liberian dollar. This means that they don’t have to undergo the process of converting USD to Liberian Dollar before using it. Same goes to the euro and the pound in case you are sending from the UK or Canada. Your family will thus receive the money sent via mobile money Liberia in Liberian Dollars, and so they will have an easy time making their withdrawal.
4. Your family can receive money from anywhere
There are methods such as WorldRemit Liberia, western union Liberia, MoneyGram Liberia and PayPal Liberia that allow your family to get money from anywhere. This means that whether you are in the UK, Canada or the USA, you can transfer money to Liberia without worrying whether people back home will be able to receive it from that location or not. Mobile money Liberia also gives them the luxury of receiving money at the comfort of their living room. With these methods, international money transfer Liberia has been made easy and fast.
5. There are no limits
Unlike local money transfer that will require you to send money during specific times of the day in a limited amount, international money transfer Liberia allows you to transfer cash during any time of the day or night. Some like WorldRemit Liberia and MoneyGram Liberia work round the clock allowing you to send mobile money to Liberia whenever you want. This gives you the power to control your finances without having any problems whatsoever.
Providers that allow you to send money to Liberia via mobile phone
There are three leading providers that you can use to send mobile money to Liberia. They are dependable and always available. All you need is the internet to utilize their services. They include:
WorldRemit is a simple way of transferring money to Liberia. It is very secure, and you can easily access it via your mobile phone, computer or tablet. This is among the easiest way for anyone wondering how to send money to Liberia. The method is swift. Cash gets to reach your friends and family in a matter of minutes regardless of your location. The transaction cost is also meagre, and so you will not waste money sending the funds.
The international money transfer system is also very secure. You can log to their site directly or download the WorldRemit app. This will give you access to your online wallet in seconds and give you a comfortable time sending money to your family and friends. It is the best method for anyone wondering how to send money to Liberia from the USA, Canada and even the UK.
This is yet another secure international money transfer system that you will definitely enjoy using. You can access it via your mobile phone or through their official website. The process of sending money to Liberia is quite simple and straightforward. You need to select the country you are sending money to as Liberia, indicate how much you are sending and choose how you want to pay the money. This can be with your bank account, credit card or debit card.
Once you are done with all the selection, press send. The system will deduct the transaction fee and deliver the money to the recipient in a matter of minutes. The recipient in Liberia will get a notification that he or she has received money. They can thus proceed to initiate a withdrawal.
Azimo allows you to transfer money to more than 200 countries, including Liberia. Just like other mobile money transfer methods, Azimo is easy to set up and use. The international money transfer system allows you to transfer money to Liberia with only a few clicks. You will first have to sign up to Azimo before proceeding. Indicate which country you want to move your money as well as the amount you wish to transfer. Once you are done, go ahead and send the cash.
The mobile money transfer system allows you to track your money so that you know as soon as it has been delivered to your family and friends. They use biometric security to make sure that no one gains access to your accounts without credentials. They have over 60 currencies, so be sure that you are completely sorted.
From the above information, it is clear that sending money to Liberia is quite hard and expensive, especially if you are using the local money transfer methods.
But then there are numerous mobile money transfer methods that you can use to get money fast and securely to your friends and family.
Pick which way best suits you and use its money transfer services.