The West African nation of Liberia is the continent’s first and oldest republic. The country is known for its rare wildlife and its civil wars of the 1990s, with a significant portion of the country’s population living below the international poverty line.
If you want to send money from Australia to a friend or loved one in Liberia, make sure that you shop around to find a secure and affordable transfer option. If you don’t compare your transfer options before you send your funds, your transaction could end up costing a whole lot more than it needs to.
Send money to Liberia with WorldRemit
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Send money to Liberia with WorldRemit
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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
Banks versus money transfer companies
Unfortunately, most Australian banks don’t offer international money transfers to Liberia, in part due to political instability in the country in previous years and also due to Liberia’s association with the blood diamond trade – check with your bank for a list of approved transfer destinations. In any case, banks don’t offer a very affordable option when you need to send money overseas, as you’ll need to contend with their poor exchange rates and high transfer fees.
A much more affordable money transfer option is available from specialist money transfer companies. These providers, which usually offer fast online transfers, have far superior exchange rates to those offered by banks and also tend to charge lower fees. However, you’ll need to shop around to see which companies will allow you to send money from Australia to Liberia.
Tony Sends Money to Liberia
Tony wants to send money to his sister Janine, who is completing a schedule of volunteer work in Liberia but has unexpectedly spent all her money. His bank doesn’t offer transfers to Liberia, so Tony seeks out two cash pick-up transfer companies to see which one offers the best deal when transferring $1,000 from Australia to Liberia.
As you can see from the table below, Tony must send US Dollars and can send an extra USD $1.33 using the first company. However, because the second transfer company charges AUD $15 less in transfer fees, it represents the most affordable option.
Specialist money transfer providers. Start researching today to check whether any specialist transfer companies offer transfers to Liberia. WorldRemit is one company that offers mobile airtime transfers.
Cash pickup transfer companies. Western Union and MoneyGram both offer this service.
Bank transfers. Check with your bank to see whether it offers international transfers to Liberia.
International cheques. Another transfer option is to obtain an international cheque from your bank and then post it to your recipient.
How do I receive money from Liberia in Australia?
Specialist money transfer providers. Compare a range of options to see which providers offer affordable transfers from Liberia to Australia.
Cash pickup transfer companies. Your choice of cash pickup transfer provider will be influenced by which company has a pickup location close to you.
Bank transfers. Another option you may like to explore is a bank transfer from Liberia to Australia.
International cheques. Ask your bank about all the fees and charges associated with international cheques.
Companies such as Western Union and MoneyGram can help you send urgent cash transfers from Australia to Liberia in as little as tenminutes. However, be aware of the fact that emergency transfers come at a higher premium than ordinary transactions. Poor exchange rates and high transaction fees are the norm, so it’s important to review the cost of your transaction before agreeing to it.
Cash pickup locations in Liberia/ Western Union/ MoneyGram branches in Liberia
Western Union and MoneyGram both offer fast and convenient cash transfers to locations all over the world, and you can see the details of some of their popular cash pickup spots in Liberia listed below. Make sure that your recipient has a valid form of photo ID and a transaction reference number when they go to collect funds, while phoning ahead to confirm opening hours could also be beneficial.
Afriland First Bank Liberia Broad Street, Crown Hill 1000 Monrovia, 10 Liberia Monrovia, Montserrado County P.O. BOX 1935 +231-776-232420 Open 8am to 6pm Monday to Saturday
Aminata Chocolate Ecobank Liberia Garnesville City Monrovia, Montserrado 1000 +231-10-077712898 Open 8:30am to 7pm Monday to Friday, 9am to 7pm Saturday
Guaranty Trust Bank Liberia Tubman Street Buchanan, 231 +231-774-99992 Open 8:30am to 4pm Monday to Friday, 8:30am to 2pm Saturday
LBDI Grand Bassa County, Buchanan Main Street Buchanan, 547 +231-6529755 Open 8:30am to 4pm Monday to Friday, 9am to 2pm Saturday
LBDI Tubman Boulevard Monrovia, 886511747 Open 8am to 5pm Monday to Saturday
United Bank for Africa Tubman Boulevard Montserrado, Monrovia, 880239349 Open 9am to 2pm Monday to Friday
LBDI Tubman Street Buchanan, 886511750 Open 8am to 5pm Monday to Saturday
Global Bank Grand Bassa County Buchanan, 2053 77040440 Open 8:30am to 6pm Monday to Friday, 8:30am to 2:30pm Saturday
Australian visitors to Liberia are warned to exercise a high degree of caution by the Australian Government’s Department of Foreign Affairs and Trade, so it pays to take care when picking up cash from a transfer agent. Only visit cash pick-up locations in safe areas and avoid picking up funds at night if you can. Take a friend along with you to deter any would-be thieves and make sure that you don’t carry the money around in public for any longer than is strictly necessary.
You will usually need to complete the following steps when you want to send money to Liberia:
Sign up for an account. Most providers make it possible to sign up for a free account online, but in some cases you may have to visit a branch.
Provide your transaction information. The next step is to provide details about where you are sending the money, how much money you are sending and in what currency.
Review and pay. Finally, it’s time to check over the exchange rate and fee that apply to the transfer and then pay for your transaction. Most companies offer online tracking services and email/SMS notifications so you know when your transfer is complete.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
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