SendMoneyToCapeVerde_GettyImages_250x250

How to send money to Cape Verde

Find a better deal when transferring money to Cape Verde.

Cabo Verde gets a lot of visitors, but if you're just sending money to the islands instead of going in person, it's still worth comparing options to make sure you're getting the best deal.

This guide explains what to look for when sending money to Cape Verde and how to compare your options.

How much does it cost to send money to Cape Verde? Compare your options

The table below shows how much it may cost to send money to Cape Verde with different services. Simply enter your transfer details in the table, and it will crunch the numbers.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Within an hour AUD 3.99 70.059 CVE
69,780
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details

Compare up to 4 providers


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.

Learn more about

Step-by-step: How to send money to Cape Verde

  1. Compare some services that can send your dollars to CV Esc.
  2. Choose the one that works best for you and go to its website.
  3. Create an account, then enter your transfer amount and recipient details.
  4. Confirm the details and send your money.

What's the best way to send money to Cape Verde?

The best option depends on what you're looking for in a transfer. The main options include:

Blue icon representing money transfers Image: Infogram

Money transfer services

A range of services can deliver money to Cape Verde in different ways, including to bank accounts, for a cash pick-up and as mobile airtime.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

Cash transfers

You can send money for pick-up as a cash transfer agent in Cape Verde. This will often be one of the fastest ways of sending money.

Picture not described: BlueBankIcon_Infogram_62x56.png Image: Infogram

Banks

You can send money transfers to Cape Verde directly through a bank, although some banks may not be able to help, and it can be more expensive than other options.

Let's crunch the numbers: Sending $1,000 to Cape Verde

The table below shows how much it costs to send $1,000 to Cape Verde with two different money transfer services, so you can see how exchange rates and fees come together to make up the total cost.

Transfer service 1 Transfer service 2
Fee $25 $9
Exchange rate 1 AUD = 66.3415 CVE 1.00 AUD = 66.7114 CVE
Transfer speed Within minutes Within minutes
Total escudos received CVE64,683 CVE66,111
Receiver gets CVE1,428 less CVE1,428 more

Both transfers are almost identical, except one will cost almost CVE1,500 (roughly $20) less overall.

How long will it take to send money to Cape Verde?

How long it takes to send money to Cape Verde depends on your transfer method. Generally, it will be slowest whenever you have to make a bank deposit or withdrawal on either end of the transfer.

As such, the fastest options will usually be cash transfers and mobile money payments, which can be available in just minutes.

Emergency cash transfer

Services such as MoneyGram can let you send money for a cash pick-up. But if you want it to be available immediately, you'll have to be mindful of agent opening hours and how long it will take the recipient to get to the pick-up point.

For instant 24-hour delivery, you can use other options, such as sending mobile airtime to the recipient in Cape Verde.

How to send money to Cape Verde without a bank account

If you don't have a bank account, you can still send money to Cape Verde by using a service which lets you pay in cash through local branches, such as Western Union.

And if you have a suitable mobile money account, you can send money directly to the recipient's mobile money account.

What to watch out for

Mobile money, either through your own account or through a third party such as WorldRemit, can be one of the most practical ways of sending money to Cape Verde, but it may not be suitable for larger transfers.

Depending on how much you're sending you may have to look for other options such as money transfer services which can make a deposit to the recipient's bank account.

The Cape Verdean escudo and the euro

The escudo is pegged to the euro at a rate of 1 EUR = 110 CVE. This means that the Cape Verdean escudo moves at the same rate as the euro. This has been in place since the late 1990s, where it was pegged against the Portuguese escudo. So while CVE is the main currency in Cape Verde, some of the larger hotels will accept euros.

Documentation you'll need to send money to Cape Verde

To send money to Cape Verde, you'll typically need to provide information including:

  • Personal details and identification documentation
  • Who the recipient is and the purpose of the transfer
  • How much you want to send and how you want it delivered

What to compare to get the best deal

To find the best deal, remember to look at both the fees and exchange rates. But if you're looking for something in particular, it may be worth prioritising those over cost.

  • Fees. How much is the service charging you?
  • Exchange rates. How many escudos are you getting for your money?
  • Transfer speed. How long will it take for the funds to arrive?
  • Payment options. What are your payment options? Can you pay with card or cash, or just a bank transfer?
  • Delivery methods. How will the recipient get the money?
  • Customer service. Can the transfer service's customer team assist in case things go wrong?

Cash pick-up locations in Cape Verde

Was this content helpful to you? No  Yes

Related Posts

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

TransferWise International Money Transfers

Make online transfers at the mid-market rate with transparent fees in 45+ currencies.

Ask a question
Go to site