Wiring money to Africa
#1
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Wiring money to Africa
I just found out that we'll have to wire money to Zanzibar for our hotel reservations. What is the cheapest way to do this? Has anyone had problems with this process that I should be aware of?
Thanks!
KitKat2
Thanks!
KitKat2
#2
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I've done this a few times. I've never had any problems. The cost is generally what your bank charges you; I pay a $30 fee.
Just make sure you get all the names/numbers you need (beneficiary, correspondent bank and recipient bank, I believe) but the hotel or travel agent you're using in Zanzibar will provide you with this information.
Good luck.
Just make sure you get all the names/numbers you need (beneficiary, correspondent bank and recipient bank, I believe) but the hotel or travel agent you're using in Zanzibar will provide you with this information.
Good luck.
#3
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My bank also charges $30 for online wire transfers (it's higher from a branch) and I haven't had any problems. Like Leely said, just make sure you input the correct information provided by your operator.
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My bank (Wachovia) charged a whopping $40 at a branch. If you have Washington Mutual they have been running ads for their free checking account, and one of the perks is free wire transfers. I've contemplated opening account there largely for that purpose but it came along a bit late to be useful for my Aug trip.
-Matt
-Matt
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I called Wamu. They said I would need to convert my account to the new free checking account to take advantage of free wire transfers, but my account number would remain the same. However, they don't have online wire transfer capability, so I would need to go into the branch to initiate a wire
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Hello,
Thanks for the tip, Patty -- I also have a Wamu account, though obviously going into a branch is a bit problematic...however their international service has been improving so perhaps they will do online transfers in the near future.
Cheers,
Julian
Thanks for the tip, Patty -- I also have a Wamu account, though obviously going into a branch is a bit problematic...however their international service has been improving so perhaps they will do online transfers in the near future.
Cheers,
Julian
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Just to update this thread. Converting my account at Wamu was a breeze and I've sent 3 wire transfers through the account since then, all fee free.
The downside is that you must do it at a branch and I've found that the employees at my local branch have a highly variable degree of familiarity with setting up international wires.
I sent one a few weeks ago and that was done relatively quickly. Yesterday I went in to send two more and it took 3 employees 1 hour to figure out how to input my two transfers correctly. As a result, I'm now intimately familiar with Wamu's computer system and can walk the next employee through the process step by step if need be!
The downside is that you must do it at a branch and I've found that the employees at my local branch have a highly variable degree of familiarity with setting up international wires.
I sent one a few weeks ago and that was done relatively quickly. Yesterday I went in to send two more and it took 3 employees 1 hour to figure out how to input my two transfers correctly. As a result, I'm now intimately familiar with Wamu's computer system and can walk the next employee through the process step by step if need be!
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Hi Patty,
I've had a similar experience at my WaMu branch -- there's one person who knows how to do the transfers quickly and easily, and several who act as if I'm sending the money to Mars rather than to Africa.
Cheers,
Julian
I've had a similar experience at my WaMu branch -- there's one person who knows how to do the transfers quickly and easily, and several who act as if I'm sending the money to Mars rather than to Africa.
Cheers,
Julian
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