Compare money transfers from Sweden to Somalia

The best services for sending money from Sweden to Somalia

🪙 Cheapest to a bank account	Wise
💳 Best with credit card payment	Wise and Xe
💶 Easiest cash pickup	Remitly

There are many people and businesses who may need some extra money in the current climate. What’s the best way for you to send money to Somalia from Sweden, and what do you need to look out for?

How to transfer money from Sweden to Somalia online?

In today’s super modern world, there’s definitely the best way to send money from A to B: online. There are plenty of different services out there that will help you, and an e transfer method will be fastest.

The best way to use online services is to pick a well-known brand, and then log in, and transfer your money. Generally, the more well-known a brand is, the more reputable it is.

Which provider to use to wire money from Sweden to Somalia?

There are two main things you need to concern yourself with when you’re transferring money to Somalia: speed and fees.

There are some services which will be faster than others. In most services, you will be able to make a payment into an online account using either bank transfer or a credit card. With those methods, you’ll typically be able to authorize payment at the other end in a matter of minutes. A number of different services will allow you to deposit funds into an online account to be withdrawn at the other end as a hard cash payment. These types of transfers are normally very fast. The company you’re using already has money at the destination, and the money you’re paying will allow the company to release their money almost immediately.

When transferring money, you need to bear fees in mind. Some companies will charge a fee for the transferring of money. Other companies will charge a smaller fee, but take a cut of the money you’re sending. The second option may be better for your wallet, as they will typically charge a lower fee for use of their services, though they do take a small cut of the money you’re transferring.

How much does it cost to send money to Somalia from Sweden?

There are two different ways that services might charge you to use them: by a fee, or by taking a cut of the money you’re sending.

If a service charges by a fee, it could be more expensive, as they need to meet their profit margins exclusively in that fee.

If a service takes a cut of the money you’re transferring, it may be cheaper, as their entire profit margin is made up of the cut they’re taking. As such, they will calculate what percentage of your money they need to take, and it will often be cheaper than exclusively paying a fee. If you’re using a service that is going to take a cut of the money you’re sending, remember to pay a little more so your ideal amount gets to the recipient.

Our Advantages

There are lots of reasons that you should take our advice on this topic, but the biggest one is that our team of financial experts aren’t afraid to do all the research on your behalf. We work hard to write and provide reputable articles, and we’re proud to say that all the information we right about is thoroughly fact-checked and accurate.