Money Transfer to Angola – the Best Money Transfer Companies to Transfer Money to Angola

Why you can trust us: Our recommendations are unbiased, based on personal experience, and regularly updated to ensure accuracy. We personally test every provider we review. We may earn a commission if you sign up for a platform using one of our links. Learn more.

Sending money back home to Angola can be a lifeline for many families and individuals in the country. However, finding the right money transfer provider that offers favorable exchange rates, low fees, and reliable service can be a challenge when you’re sending money from abroad.

In this guide, we outline the top international money transfer services for sending funds to Angola from countries like the USA, UK, Portugal and Germany. Whether you need to set up recurring remittances or want to make a one-time transfer, using the right provider can end up saving you a significant amount in fees and foreign exchange charges.

We have researched and compared popular remittance companies on criteria such as exchange rates, transfer fees, transfer speed, cash pickup options in Angola and customer service. The aim is to help readers select the most affordable and reliable service for sending money back to loved ones in Angola according to their specific needs.

So if you want to make sure your hard-earned money reaches your family and friends back home without incurring unnecessary charges, read on for our picks of the best money transfer services for payments to Angola.

Angola’s Currency – Angolan Kwanza (AOA)

Angola’s official currency is the Angolan Kwanza (AOA), symbolized by the abbreviation ‘Kz’. Introduced in 1999, it replaced the previous currency, the novo kwanza, as part of the country’s economic reform. The Kwanza is issued and regulated by the Banco Nacional de Angola, the nation’s central bank. Angolan banknotes and coins feature a variety of designs, often depicting significant national symbols and figures that reflect Angola’s rich cultural heritage and history. The value of the Kwanza is subject to fluctuations based on international exchange rates and domestic economic conditions. As an integral part of Angola’s economy, the Kwanza plays a crucial role in both national and international financial transactions, impacting trade, investment, and everyday commerce within Angola.

Comparison of Money Transfer Providers

When comparing money transfer providers to Angola, it’s important to consider a range of factors beyond just the basic exchange rates and transfer fees. Providers like Transfer, Revolut, MoneyGram, Western Union, Remitly, WorldRemit, and XE adhere to stringent international standards, ensuring that your funds are secure during the transfer process. Each service offers unique methods of delivery in Angola, including options like bank deposits, cash pickups, and even crediting to digital wallets, with each method varying in speed and convenience.

The dynamic nature of exchange rates, which are influenced by global economic trends, plays a significant role as it impacts the ultimate amount the recipient in Angola receives. Services that offer features like rate alerts can be invaluable for keeping track of these fluctuations. Additionally, service fees differ across providers; some may offer more favorable rates for larger transfers or special conditions like waived fees for regular customers.

The ease of initiating transfers is another crucial aspect to consider. Some providers, such as Revolut and Transfer, offer streamlined online platforms, while others like MoneyGram and Western Union boast extensive physical networks for in-person transactions. The availability and quality of customer support are also vital, particularly for addressing any issues that might arise during the transfer.

Furthermore, the specific needs of the recipient in Angola should be taken into account. The choice between receiving money directly into a bank account or through cash pick-up options can greatly affect the selection of a provider, especially in areas with limited banking infrastructure. Also, promotional offers, like reduced fees for first-time users or rewards for frequent transactions, can offer added value.

In conclusion, a thorough evaluation of these diverse factors is essential for selecting the most appropriate money transfer provider for sending funds to Angola.

What Are the Best Companies for Transferring Money to Angola?

When comparing money transfer providers to Angola, it’s important to consider several key factors beyond just exchange rates and transfer fees. Providers such as MoneyGram, CurrencyFair, Western Union, and XE adhere to international standards, ensuring the security and safety of your funds throughout the transfer process. Each service offers a range of delivery methods in Angola, including options like bank deposits, cash pickups, and crediting to digital wallets, with each method varying in terms of speed and convenience.

The dynamic nature of exchange rates, which are influenced by global economic trends, plays a significant role in determining the final amount received in Angola. Providers that offer features like rate alerts can be invaluable for staying informed about these fluctuations. Moreover, the fees for services can differ; some providers may offer more favorable rates for larger transfers or provide special conditions such as waived fees for regular customers.

The ease of initiating transfers is another crucial factor. Providers like CurrencyFair and XE have streamlined online platforms, whereas companies like MoneyGram and Western Union offer extensive physical networks for those who prefer in-person transactions. The availability and quality of customer support are also vital, especially for addressing any issues that might arise during the transfer process.

Furthermore, the specific needs of the recipient in Angola should be taken into account. The convenience of receiving money directly into a bank account versus the option of cash pick-up can greatly affect the selection of a provider, particularly in areas with limited banking infrastructure. Promotional offers like reduced fees for first-time users or bonuses for frequent transactions can also add value.

In conclusion, a comprehensive evaluation of these diverse factors is essential for selecting the most appropriate money transfer provider for sending money to Angola.

What Is the Fastest Way to Transfer Money to Angola?

The fastest way to transfer money to Angola involves selecting services known for their rapid processing capabilities. Companies such as Western Union, MoneyGram, CurrencyFair, and XE stand out for their efficiency in facilitating quick money transfers. These providers have developed systems and processes that often enable the swift receipt of funds, frequently allowing transactions to be completed shortly after initiation.

The speed at which these services operate is significantly enhanced by their use of advanced electronic networks and their strong operational presence in Angola. This presence is crucial in accelerating the transaction process. Furthermore, the adoption of mobile applications and online platforms by these providers plays a vital role in speeding up the transfer process, enabling senders to initiate transfers with ease and convenience.

However, while the speed of the transfer is a critical consideration, it’s equally important to consider other aspects such as the service’s reliability, the exchange rates, and the transfer fees. For those who prioritize quick transactions, choosing a service that offers not only speed but also reliability and competitive rates is crucial. Western Union, MoneyGram, CurrencyFair, and XE excel in balancing these factors, making them top choices for individuals and businesses seeking to transfer money to Angola rapidly and efficiently.

What Is the Cheapest Way to Transfer Money to Angola?

For those looking to transfer money to Angola in the most cost-effective way, MoneyGram emerges as a standout option. Offering services from various locations like Germany/Europe, the United Kingdom, and the USA, MoneyGram facilitates transfers in the respective local currencies (EUR, GBP, USD) directly to Angola in Angolan Kwanza (AOA). This ability to transact directly in the local currency of Angola typically results in lower conversion fees, enhancing the overall affordability of the service.

MoneyGram’s established history and solid reputation play a significant role in its appeal as a budget-conscious choice. Since its inception in 1940, MoneyGram has expanded to become a well-recognized and trusted name in the international money transfer sector. It has built an extensive network, enabling fast and secure transactions across the globe. Constantly evolving, the company has embraced technological advancements to provide services that are both convenient and easily accessible. This combination of longstanding experience, technological integration, and widespread coverage positions MoneyGram as a reliable and economical choice for transferring money to Angola, particularly for those seeking to minimize costs.

Should You Transfer Money to Angola Using Your Bank? 

Using traditional banks to transfer money to Angola may not be the most beneficial option, especially when compared with specialized remittance services or online money transfer platforms. The main disadvantage of using banks for such international transfers is the associated cost. Banks are known to levy significant fees, which often include both upfront charges and hidden costs in the form of exchange rate markups. These additional expenses can notably decrease the amount that the recipient in Angola ultimately receives.

On the other hand, money transfer sites or specialized remittance services typically offer more competitive exchange rates and lower fees. This approach ensures that a larger portion of your sent funds effectively reaches the recipient, rendering these services more cost-effective for international money transfers.

The time it takes for the funds to reach Angola is another crucial aspect. Bank transfers can be considerably slower, usually because of the involvement of multiple intermediary banks, which can introduce delays and add uncertainty for both the sender and the recipient. In contrast, money transfer sites and specialized remittance services prioritize speed and efficiency. Many of these platforms can complete transfers much more quickly, sometimes even within minutes, ensuring that recipients in Angola can access the funds promptly and without unnecessary waiting.

Therefore, if your main concerns are cost efficiency and speed, opting for money transfer sites or specialized remittance services rather than traditional bank transfers is likely a more advantageous choice. These alternatives tend to provide a more efficient and economical solution for sending money to Angola.

How to Send Money to Angola? Step-by-Step Guide

Sending money to Angola using online transfer services can be a straightforward and convenient process. Here’s a step-by-step guide to help you through it:

  1. Choose a Money Transfer Website:
    • Conduct research to find a reliable money transfer service like MoneyGram, Western Union, or Remitly.
    • Consider factors such as exchange rates, transaction fees, transfer speed, and customer reviews.
    • Verify that the service operates in your country and supports transfers to Angola.
  2. Create an Account:
    • Visit the website of your chosen provider and sign up for a new account.
    • Fill in the registration form with your personal information, including your name, address, and contact details.
    • Provide a valid form of identification to comply with security and regulatory requirements.
    • Complete any required verification steps, like email or phone confirmation.
  3. Initiate a Transfer:
    • Log into your account and go to the money transfer section.
    • Select Angola as the destination country.
  4. Enter Transfer Details:
    • Input the amount you want to send. The website should display its equivalent in Angolan Kwanza (AOA) based on the current exchange rates.
    • Enter the recipient’s details, such as their name, and, for bank deposits, their banking information. Ensure all the details are accurate.
  5. Review and Confirm:
    • Carefully review all the transaction details, focusing on the exchange rate and any applicable fees.
    • Confirm the accuracy of all the information, particularly the recipient’s details.
  6. Choose Payment Method:
    • Select your preferred payment method, which may include options like bank transfers, debit/credit cards, or other online payment methods.
    • Be aware of any processing times or fees associated with your chosen payment method.
  7. Complete the Transaction:
    • Finalize the transaction and note the transaction confirmation and tracking number for future reference.
  8. Track the Transfer:
    • Use the tracking number to monitor the status of your transfer on the service provider’s website.

Following these steps will help you to successfully send money to Angola in a secure and efficient manner.

How Can You Find the Best Transfer Rate to Angola?

At RemitStack, we are dedicated to assisting individuals and businesses in finding the best transfer rates for sending money to Angola. Our platform is meticulously designed to compare a wide range of money transfer providers, utilizing our deep industry knowledge and expertise. We place a high priority on key factors such as exchange rates, service fees, transfer speeds, and the reliability of each provider, with the aim of ensuring our users can identify the most cost-effective and efficient options that are specifically tailored to their needs.

Our service proves especially beneficial for those seeking to maximize the value of their financial transactions, helping them secure the most advantageous deals when transferring money to Angola. Whether the transfer is for personal or business reasons, RemitStack is committed to providing up-to-date and comprehensive comparisons. Our objective is to streamline the process of selecting the right money transfer service, offering transparency and clarity to aid our users in making well-informed decisions that align with their specific transfer requirements.

Using RemitStack, our users can confidently navigate the complexities of international money transfers, secure in the knowledge that they are accessing the best rates and services available in the market. We are dedicated to simplifying this often complex process, offering a trustworthy and reliable resource for those in search of the most effective financial solutions for their international transfer needs to Angola.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments