Compare money transfer from Algeria

The best services for sending money from Algeria overseas

The Algeria government does not allow anyone to transfer money directly from Algeria overseas using mainstream methods such as banks. This restriction started in 2010 and applies for sending money from Algeria to any other country.

How to transfer money from Algeria overseas online?

The best e-transfer methods and online payment methods to use in Algeria when sending money overseas include Skrill, World Remit, and Kantox. These methods are cheap for transferring any amount and most of them allow you to send the money almost instantly.

Which provider to use to wire money from Algeria overseas?

• Skrill online payment method is presented in both and Algeria. In Algeria, you can load the Skrill account using VISA, MasterCard, American Express Cards, and bank transfers. The transfer is instant when transferring to another Skrill account in . 
  Benefits of using Skrill: Transferring to international bank accounts is free.
• PayPal. It is not possible to send directly overseas using this service with a normal account balance. The balance will need to be withdrawn from a linked bank account. DZ Bank and its branches do issue VISA/MasterCard cards that you can then link to your PayPal account. From there, you can load your PayPal account and send it to anyone in . 
  Advantages of using PayPal: it is secure, it is instant and easily available.
• World Remit. Starting from 2016, it is now possible to use World Remit website and mobile app to send money from Algeria overseas and other 150 countries. You can load your World Remit account through World Remit cash collection points, or some local banks in Algeria. 
  Advantages of using World Remit: It is safe and secure.
• Kantox is a cross-border remittance service useful to SMEs and mid-cap companies in more than 20 countries. With it, you pay through SWIFT in the Algerian dollar, and the recipient receives the money via SWIFT and bank. 
  Benefits of using Kantox: You can check the exchange rates in real-time and it depends on the amount of money you wish to send.
• Cash. You can carry cash if traveling abroad or send someone traveling but the limit is 7500 Euros.

How much does it cost to send money overseas from Algeria?

The cheapest method for sending money from Algeria overseas is using e-wallets or online payment methods such World Remit, and Skrill. In most cases, it costs less than 2% of the amount to send.

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