If you're wanting to send money to Burkina Faso, it should be easy and affordable. This means comparing options to find the lowest fees and the best exchange rates for your next transfer, so you can be confident that you're finding the best deal with the least amount of hassle.
We'll go through what options are available and what to watch out for.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
Compare money transfer services to find the one that's best for sending your dollars to XAF.
Once you've chosen one, create an account for it.
Enter the details of your transfer, including the recipient and the amount you want to send.
Confirm the transfer details and make your payment to the transfer service.
What's the best way to send money to Burkina Faso?
There are three different options you can use, each with its own benefits and downsides.
You can send money to Burkina Faso through bank transfers, but it will often be slower and more expensive than other options.
You can send money for the recipient to pick up as cash from a local agent.
Money transfer services
Some online money transfer services will deliver funds to the recipient's bank account, as cash or to mobile wallets as needed. These will often be more cost-effective than other options.
Let's crunch the numbers: Sending $1,000 to Burkina Faso
Here's how much it would cost to send $1,000 to Burkina Faso with two different services, to give a sense of how much costs can vary and why it pays to compare.
Money transfer service
1 AUD = 394.8678 XOF
1 AUD = 400.8374 XOF
Amount of West African CFA francs received
One service has both lower fees and better exchange rates, resulting in your recipient getting XOF9,832.75 (around $25) more than they would with the other service, although the transfer will be slower.
How long will it take to send money to Burkina Faso?
How long it takes to send money to Burkina Faso depends mostly on which type of transfer you send. Generally, it will be slowest whenever you either have to have money deposited into a recipient's bank account or when you're making a payment from a bank account.
To find the fastest transfer, you'll generally want to look at cash transfers and mobile money payments.
Emergency cash transfer
Certain services can quickly send money to Burkina Faso to be picked up as cash at an agent's location.
However, you will need to bear in mind that the agent locations will have their own business hours, and that your recipient will need to be able to get to the agent quickly if you're in a hurry.
Where possible, mobile money transfers with services such as Orange Money can also facilitate fast money transfers.
How to send money to Burkina Faso without a bank account
If you don't have a bank account, you can still pay with cash at the agent location closest to you. You'll be able to find the address on the money service's website.
At the other end of the transfer, if your recipient doesn't have a bank account, they can still pick up cash. If they have a mobile money account, you can also look at services that deliver directly to mobile in Burkina Faso.
Faster transfers are often more expensive. So if you're not in a rush, it will typically be more cost-effective to take your time and look for slower transfers.
You might find options that are considerably cheaper but can still send money within 1-3 days.
What to watch out for
Although they only arrived relatively recently, Burkina Faso's mobile money services are growing quickly. Orange Money and Mobicash now have thousands of agent locations around the country.
Within the country, mobile money services are becoming the primary payment network.
Due to the popularity of these services, you may want to look for a money transfer service that can deliver to mobile if you want to make things more convenient for the recipient.
Documentation you'll need to send money to Burkina Faso
You will need to provide some information when you send money overseas and you'll also need to have some documentation handy.
Identification. You will typically need to show some form of identification – such as a driver's licence or passport – when setting up a transfer.
Transfer amount. This includes the amount you want to send and the receiving currency.
Recipient's details. You'll also have to provide recipient information such as their name, and their bank details if you're sending money to a bank account, or their mobile number if you're sending money to their phone.
Reason for sending the money. You will often be required to specify a reason for sending the money, such as whether it's a gift, a remittance or a business expense.
What to compare to get the best deal
The best money transfer for your needs depends on what you're looking for. If you want a faster transfer it might be worth paying a bit more. Or if you're looking for the most cost-effective transfer you should consider both the fees and the exchange rates.
Fees. Look at how much you're being charged in transfer fees.
Exchange rates. Look at how much of one currency you're getting for the other. This will often make even more of a difference to the overall costs than the fees will.
Transfer speed. How long will it take for the money to arrive in Burkina Faso?
Payment options. Your options may vary depending on whether you want to pay with card, cash or bank transfer.
Delivery methods. How does the recipient want to get the money? Are they happy to pick up cash, or do they want it delivered to their phone or bank account?
Customer service. How good is the service's customer support? Will you be able to contact it if something goes wrong?
Foreign exchange rates explained
The exchange rates are how much two currencies are worth relative to each other. They're changing constantly, which means the amount of money the recipient gets will vary depending on when you send the money.
The West African CFA franc (XOF) used in Burkina Faso is pegged to the euro at 1 EUR = 655.957 XOF. This means that whenever the euro changes, the West African CFA franc does too.
Updated: 22 Oct 2019 17:20:21 UTC
Cash pick-up locations in Burkina Faso
BATG NADEL 01 Bp 482 Bobo Dioulasso 01 Avenue De La Nation Secteur 01 Bobo Dioulasso, Houet +226-20-980708 Mon-Sun 8am to 7pm
SAES BOBO DIOULASSO Bobo A Cote De Marina Market Bobo Dioulasso, Houet +226-74202047 Mon-Fri 7.30am to 7pm, Sat 8am to 7pm, Sun 8am to 5pm
CORIS BANK - AGENCE BOBO MARCHÉ 2220 Avenue du Gouverneur William Ponty +226 2098 2011 Mon-Fri 7am to 7pm, Sat 8am to 2pm
CORIS BANK - AGENCE BOBO PRESTIGE En face de l'Onatel +226 2098 2011 Mon-Fri 7am to 7pm, Sat-Sun 8am to 2pm
BOA - BOBO-DIOULASSO - BOBO DIOULASSO MA Avenue. Andre Aubaret 01 BP 1319 20975114 Mon-Fri 7.45am to 3.45pm, Sat 8am to 12pm
VIVO ENERGY BURKINA - BOBO-DIOULASSO Shell Boulevard 25327600 Mon-Sun 6.30am to 6pm
BANK OF AFRICA Africa Voyage Ouagadougou, Kadiogo 11 BP 1637 +226-50-470003 Mon-Fri 7.30am to 6.30pm
WAFACASH AG BV FRANCE AFRIQUE Boulevard De L Insurrection Populaire Ouagadougou, Ouagadougou +226-70217210 Mon-Fri 8am to 5pm, Sat 12am to 1pm
CORIS BANK - AGENCE BONHEUR VILLE A 200 Mde La Cour Du 75Eme Anniversaire De L''Eglise Des Assemblees De Dieu +22625491000 Mon-Fri 7am to 7pm, Sat-Sun 8am to 2pm
CORIS BANK - AGENCE SOMGANDÉ Avenue Sanmatenga collé Boulagerie Wend Konta +226 2549 1066 Mon-Fri 7am to 7pm, Sat 8am to 2pm
VIVO ENERGY BURKINA - OUAGADOUGOU Shell Ex Gare Routiere 25327600 Mon-Sun 6.30am to 6pm
SONAPOST - #14138 - PISSILA - PISSILA Agence Postale Ouaga Pissila 24458727 Mon-Fri 7.30am to 3.30pm, Sat 8am to 3pm
Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
Products marked as 'Promoted' or "Advertisement" are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
We try to take an open and transparent approach and provide a broad based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.