Tips to send money to Rwanda much better while doing other things

shutterstock_RwandaSend money to Rwanda, one of the 10 fastest growing economies of the world.

Rwanda is a country that has suffered huge losses, especially during the political and economic turmoil of the 1990s. Since those turbulent years, Rwanda has won itself a position on the top 10 list of fastest growing economies in the world.

According to the Australian Department of Foreign Affairs and Trade (DFAT), Rwanda offers prudent fiscal and monetary policies and average annual economic growth in excess of 8% over the last decade.

Despite these growth spurts, poverty is still a huge problem in Rwanda, and economic aid from Australia can help turn this around.

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WorldFirst International Money Transfers

  • Worldwide access
  • Competitive exchange rates
  • 24-hour online payments system
  • Fast international payments process

International Money Transfer Offer

Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.

  • Minimum transfer amount: $2,000
  • Online transfer fee: $0
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Rates last updated October 19th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

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Each year, Australia imports $1.2 million worth of coffee from Rwanda, and the two countries trade a total of about $5 million in services.

Money transfer company comparisons for sending money to Rwanda

Celia and her family immigrated to Australia from Rwanda in the early 1990s. She was a young girl at the time and finished her education in Australia, but has now been working for a couple of years. After yearning to return to Rwanda for a couple of years now, Celia has gotten into touch with an uncle who will be able to help her with the transition back to Rwanda. She wants to set up basic cash flow for when she is there. She has drawn up the table below to compare her options.

Money transfer company AMoney transfer company B
Exchange rateAUD$1 = 549.672 RWFAUD$1 = 520.324358 RWF
Transfer feeAUD$10 if transfer is under AUD$10,000AUD$25
Amount of RWF received in Rwanda for 1,000 AUD549,671.54 RWF520,324.36 RWF
Transfer time2 to 4 days10 minutes
Transfer optionsPhone, online account, mobile appPhone, online, agent location
Difference in RWF+ 29,347.18 RWF- 29,347.18 RWF
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How did Celia compare transfer companies?

  • Exchange rates. The Rwandan franc is weaker than the Australian dollar. When doing comparisons, don’t only go off marginal exchange rate differences, also look at what the actual buying power is.
  • Pickup methods. Money can be received in a supported bank account or be picked up at a MoneyGram, Western Union or Xpress Money agent location in the towns listed below. Stick to main cities when picking up cash and research pickup options in the areas you will specifically move around in.
  • Fees. There aren’t huge fee differences when you send money to Rwanda. Cash transfer is a great option for emergencies and won’t result in high fees.
  • Bank to bank benefits. Bank to bank relationships between Rwanda and other international locations isn’t listed on most Australian bank websites. Citibank supports the RWF currency but requires a branch visit.
  • Turnaround time. The turnaround time ranges from minutes to days and usually has marginal cost differences.
  • Transfer methods. The transfer methods that can be used include online transfers through a registered online account, phone, mobile apps and agent or branch locations.
  • Transfer options. Depending on the service used, your transfer options may include recurring payments, spot contracts, market orders, once-off payments and booked rates.
  • Minimum/maximum transfer amounts. Minimum and maximum transfer amounts are important not only on the sending end but also on the receiving end. If you plan to send a large amount, phone the agent ahead of time to confirm availability of funds. Minimum amounts can be as low as $10 or over $10,000.
  • Customer service. Customer service is extremely important when visiting countries with a history of political or economical instability. Use email support as much as possible so that you have a record of your queries.

How will you send and receive money between Rwanda and Australia?

  • Money transfer services. The following companies can be used for an international money transfer: MoneyGram, Western Union, WorldFirst Foreign Exchange and Xpress Money. Visit a Moneygram and Western Union agent location to see if they have agent locations that send as well as receive funds.
  • Banks. Citibank supports the RWF currency but does not have any listed branches in Rwanda itself. Visit a Citibank branch to find out how you can send or receive money to and from a bank account in the RWF currency.
  • Paypal. Visit local banks in Rwanda to confirm which ones support uploading or withdrawing of funds to and from PayPal.
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Emergency cash transfers are possible within minutes to Rwanda

In the case of an emergency, you can send money to Rwanda through companies like Moneygram, Western Union and Xpress Money. Some of the agent locations are listed below.

Cash pickup locations in Rwanda using Western Union, MoneyGram and Xpress Money

Western Union


  • Banque Commerciale Du Rwanda
    Bp 354 Boulevard De La RevolutionKigali, Kigali City 250
    8am to 9pm Thursday to Monday, 8am to 11:59pm Tuesday
    24 hours on Wednesday
  • Agaseke Bank Town
    Kigali, Nyarugenge 265
    7:30am to 5:30pm Monday to Friday, 9am to 1pm Saturday
    Closed on Sunday


  • BK Rubavu Main Branch
    B.p 171Gisenyi
    8am to 8pm Monday to Friday
    8am to 4pm Saturday, 8am to 7pm Sunday



  • Bravia Forex Bureau - Kigali
    Remera, Kigali, 28833
    7am to 9pm Monday to Sunday


  • Equity Bank Rwanda - #4002 - Kigali
    494, Grand Pension Plaza Building, Kigali
    8am to 6pm Monday to Friday, 8am to 1pm Saturday
    24 hours on Sunday

Xpress Money


  • Bank of Kigali - Nyamata Br
    611, Avenue de la Paix, Kigali, Bugesera, Eastern, Rwanda
    P:P. +250-25-25593100
    8am to 8pm, Monday to Sunday


  • Bank of Kigali - Mahoko Br
    611, Avenue de la Paix, Kigali, Rubavu, Gisenyi, Rwanda
    P:P. +250-2525
    8am to 8pm, Monday to Sunday
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Tips for picking up cash in Rwanda

When picking up cash in a foreign country, always have government-issued photo ID. Have the tracking or reference number handy as well as the receipt for the original transaction.

Travel in groups and avoid travelling at night. Like its neighbouring country Burundi, Rwanda is prone to severe civil unrest. Crime and violence are currently at high rates, and public demonstrations should be avoided at all costs.

How will you go about the process to send money to Rwanda?

If you want to send money to Rwanda using Moneygram, Western Union or Xpress Money with one of their agent locations as a pickup option, make sure you have the following:

  • Details of the recipient
  • Details of the specific agent location so that you can phone ahead to confirm whether they have the correct amounts of the currency available
  • The amount and currency you would like to send
  • A registered account with the service you will be using

When you are sending money to a supported bank account in Rwanda, make sure you have the following:

  • Details of the bank and bank account number, including SWIFT BIC details
  • Correct amounts in the supported currency
  • Details of the recipient

Make sure to send a tracking or reference number and a copy of the receipt to the recipient. This information, along with government-issued photo ID will be required to pick up the transferred funds.

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldFirst International Money Transfers

Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.

FC Exchange International Money Transfers

FC Exchange 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.

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