In this article, we’ll explore the options for sending money to Madagascar from the US.
Importantly, compared to other countries, there are fewer options available for sending money to Madagascar. But, there are options available.
Of course, one option is to apply and open a bank account with one of the best international banks for expats, which can unlock preferential exchange rates. We’ll discuss this and other options for you to consider below.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Sending Money to Madagascar From the US
- Ways to Send Money to Madagascar From the United States
- Frequently Asked Questions
- Do You Want Help Opening Bank Accounts?
Sending Money to Madagascar From the US
Sending money to Madagascar from the US is possible through money order services, international transfer providers, and traditional banks. Each of these options varies in terms of cost, security, and delivery time. Individuals should consider each of these variables before deciding on which service matches their needs.
That said, certain popular transfer services (like Wise) do not support transfers to Madagascar. At least not yet. So, you will likely need to use one of the large money order services or platforms that allow you to send SWIFT transfers directly to end-user accounts.
Of course, another alternative that we often suggest when sending international transfers is setting up an international account that offers multiple currencies. Unfortunately, very few banks offer Malagasy Ariary, the currency of Madagascar.
As a result, if your sole objective is to open an international account to support sending regular money transfers to Madagascar, then you would only want to consider this if you were able to access preferential rates between USD and MGA.
Alternatively, if you’re looking to complete crypto transactions and want to open accounts with crypto-friendly banks in the UK specifically, you can access our free article linked here for more information.
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Ways to Send Money to Madagascar From the United States
As mentioned, when sending money to Madagascar from the United States, individuals can choose from several different methods. We’ll explore each of these options in greater detail below.
Bank Wire Money Transfer
One of the most popular ways to transfer money to Madagascar from the United States is through a traditional bank transfer. This is a common transfer method used to send money to South Africa from the USA as well. While this is often seen as slower or more expensive, it does offer security and ensures that money arrives directly into your recipient’s bank account.
Send Money Online
There are online money transfer options available as well. However, unlike sending to larger markets, these options are more limited and typically involve facilitating transfers to a recipient’s bank account.
Other Money Transfer Providers
Money order services are another popular method for sending money to individuals in Madagascar. However, it’s important to note that the recipient may need to show in up person to receive the transfer.
Frequently Asked Questions
Below are three of the most common questions that we receive from people sending money to Madagascar from the US. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
How to Send Money From USA to Madagascar?
To send money from the USA to Madagascar you can choose between money orders, bank transfers, or international transfer services. That said, many international money transfer services do not support transfers to Madagascar or Malagasy Ariary.
Can You Use PayPal in Madagascar?
You can use PayPal in Madagascar to transfer money and make online payments. However, PayPal does not offer Madagascar residents the ability to receive payments directly. Instead, residents of Madagascar can use Xoom, which is a transfer service that allows direct transfers to bank accounts.
What Is the Best Way to Send Money Internationally?
The best way to send money internationally is the way that is secure, cost-effective, and timely. In most cases, this is through a combination of an international transfer service and a traditional bank account.
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