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Find the best way to send money to Benin

Learn how to send money to Benin from Australia in our step-by-step guide.

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Looking for a way to send money to family, friends or a business in Benin (or even to your own bank account overseas)? According to MoneySmart, you should avoid Australian banks and go with a money transfer specialist to get better XOF exchange rates and lower fees on international transfers.

Unfortunately, Finder doesn't have any providers that can help you send money to Benin from Australia. Transferring money to countries like Benin is challenging but potentially services such as Western Union and WorldRemit are worth exploring.

Best ways to send money to Benin from Australia

The best way to send money to Benin depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Australian dollars or CFA Franc bceaos money transfer specialists typically offer better rates and cheaper fees than a local bank.

Compare other Australia money transfer companies

Although we don't have any options for you to transfer money to Benin, here are some other money transfer companies that send from Australia you can check out in the meantime.

Cheapest way to send money to Benin

Remember, it's more important to look at the overall cost of your transfer to Benin and this has a couple of elements:
  • Transfer fees. While still cheaper than your Australian bank, money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market AUD/XOF exchange rate.

Certain providers may give the mid-market rate but add fees on top and others will have low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many CFA Franc bceaos your recipient will end up with.

Safest way to send money to Benin

The safest way to get your money to Benin is using a provider registered with Australia's industry regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Australia and Benin.

A great way to dive deeper is by reading our reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Benin

If you need to make a sizable money transfer to Benin, consider using a provider such as to secure a better XOF exchange rate and benefit from its expertise handling larger transactions.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Benin may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the Australian Taxation Office's latest advice.
  • Foreign exchange tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the XOF exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can offer advice and help facilitate transfers.
  • Phone service. If you want to talk your transfer through with someone, some providers can provide support over the phone.

How to send money to Benin from Australia

To send money to Benin, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Benin. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Beninese bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total CFA Franc bceaos your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Benin. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

How to choose a money transfer company for Benin

Although we currently have any active deals to help you transfer money to Benin from Australia, below we cover the most features to consider when researching providers.

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. However, not every money transfer provider offers the mid-market rate so compare the XOF you're offered to the mid-market rate to calculate the margin.
  • Transfer fees. Are you being charged a flat fee or a percentage of the transfer amount? A provider offering to transfer your money to Benin for a flat or low fee might work out better if you're sending a large amount.
  • Transfer type. Does your recipient have a Beninese bank account or is cash pickup a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Some companies offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value.
  • Transfer limits. Find out how much you can send with each service.
  • Discounts. Providers may offer you a free transfer simply for signing up. Others may give a discount for transferring more than a specific amount of CFA Franc bceaos.

Frequently asked questions

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