Compare money transfers to Tunisia

The best services to transfer money to Tunisia

What’s the easiest, cheapest method of sending money to Tunisia? Well, for any Tunisian resident overseas, this is a common question that they grapple with every time they wish to remit some money home. Like with any other country, it has a fair share of money remittance services that serve the North African nation. These range from the traditional bank transfer, to online remittance services and Paypal. With a full basket of options, how do you narrow down on the cheapest and most affordable method of remitting cash? Let’s do the heavy lifting for you.

How to easily process a money transfer to Tunisia?

Tunisia’s national currency, the Dinar, is fairly stable; that means the exchange rates are relatively constant. Unless there’s runaway inflation, political instability or an economic downturn, the Dinar will only record marginal fluctuations. For bank transfers, you need to have a bank account with a Tunisian bank. Additionally, you need to show your ID to be allowed to send cash to this country. Other than this, you are required to provide the name and address of the recipient, as well as their bank account. If you or your recipient has not signed up for a bank account, there are other methods at your disposal, including online money transfer services. Essentially, some services allow you to send cash to Tunisia without an ID, but will most likely need your SSN.

Which service should you use to send money to Tunisia?

The expense you incur to send money really depends on the amount of cash you’re sending, the exchange rate and the money remittance method that you use. Here are the most practical and popular ways of sending cash to Tunisia.

1. Banks. Most banks across the globe allow for cash transfers. However, the hassle free interbank transfer involves international banks with subsidiaries or branches in Tunisia.
2. Online cash transfer methods. Cash remittance services like WorldRemit serve Tunisia. They are a fast and convenient method of sending money.
3. Cash pick up agents — International remittance services like Western Union has cash agents where your recipient can easily and conveniently pick up the cash in person. It’s important to note that they will need to identify themselves and to produce the transfer code once they reach the pick up point.
4. Cheques — are an age-old method of transferring cash from one person to the other. For those people who like writing checks, nothing stops them from doing so as long as they are sending the checks to Tunisia. It’s easy, hassle free, safe, but not a fast way of sending money. Once you write that check, you still need to post it, and this can take lots of time.
5. Money orders. Like checks, money orders are also allowed. You can write a money order from most parts of the world and send to Tunisia, at a small fee.
6. Paypal — an international money remittance services, operates in almost every country. The beauty of Paypal is that it’s instant, so your recipient gets the cash in minutes. However, there’s a catch; you need a Paypal account that matches your ID. The same goes for your recipient.

How much does it cost to wire money to Tunisia?

Perhaps one of the most important questions for anyone sending cash from one country to another is the cost of doing so. We all want the cheapest and most reliable method, which delivers most of our money to the recipient. All the above methods of transferring money to Tunisia have different rates and fees. For instance, digital remittance services are known for their strong forex rates and low fees, compared to interbank transfers and Paypal which attract higher fees.

Cash transfer services like Western Union are ultra fast; with some of these methods delivering your cash to a pick up location in less than 15 minutes. Their speed comes at a steep price; you’ll have to conform with poor forex rates and high fees. In a nutshell, banks are the slowest and attract the highest fees, while online cash transfers methods are the best value for money. Cash pick up agents are the fastest, but are expensive.

Again, the fees and charges will also depend on the amount to be transferred to Tunisia. For smaller amounts, digital cash remittance services are the best option, while banks handle bulk cash better.

Our advantages

With years of experience comparing the various methods of transferring money, we have built an online comparison tool that makes it easier for you to select the remittance method that best suits you.

Here’s what our interactive comparison tool delivers:

• Cheapest remittance methods
• Reliable and regulated companies
• A huge user base