How to avoid common mistakes when sending money to Africa

How to avoid common mistakes when sending money to Africa

Sending money from Canada or anywhere in the diaspora to Africa can be a daunting task, especially if you're unfamiliar with the process. However, with the right guidance, you can avoid common mistakes and ensure that your money reaches its destination safely and efficiently. Here are common mistakes people make when sending money to Africa:

Failing to research exchange rates and fees: Different money transfer companies may charge different fees and offer different exchange rates. It's important to shop around and compare the fees and exchange rates of different companies before making your decision.

Not double-checking the recipient's information: It's important to ensure that the recipient's name, address, and other contact information are correct to avoid any delays or complications.

Not confirming the delivery method chosen: Some remittance platforms offer different delivery methods, such as bank transfer, cash pickup, or mobile wallet transfer. It's important to confirm the delivery method with the recipient and make sure that it's the one that they prefer.

Not being aware of additional charges, taxes, or regulations: Some countries may have additional charges or taxes on remittances, or may have regulations that need to be followed. It's important to be aware of these before sending the money to avoid any complications or hold-ups.

Not being aware of the currency with which the fund is received: Some remittance platforms may process fund transfer and pay in the local currency of the recipients, others may pay the recipient in the sender’s currency, it's important to be aware of the currency the recipient will receive before sending the money.

Not keeping records of the transaction: It's important to keep records of your transactions, including the recipient's information, the amount sent, the exchange rate, and any fees charged. This will help in case there are any issues that need to be resolved later.

Africhange, a remittance company, is making it easier for people to send money to Africa. Africhange is improving the experience of remittances from Canada to Nigeria, Ghana, and Kenya, and from Nigeria to Canada with competitive exchange rates and low fees, making it more affordable for people to send money to their loved ones in Africa.

One of the key features of Africhange is the ability to send money directly to the recipient's local bank account, which is a convenient option for many people in Africa. This eliminates the need for the recipient to process further exchanges in a bid to cash the funds and also enables them to use the funds instantly.

Africhange also offers a user-friendly website and mobile app, making it easy for customers to track their transactions and monitor the status of their transfers. Additionally, there is a dedicated customer support team to help with any questions or issues that may arise.

In conclusion, sending money to Africa can be a complex task, but with the right guidance and the help of a reliable remittance product like Africhange, you can avoid common mistakes and ensure that your money reaches its destination safely and efficiently. By researching the exchange rate and fees, double-checking the recipient's information, and choosing the right delivery method, you can make the process of sending money to Africa a smooth one. Africhange offers competitive exchange rates, low fees, and convenient delivery methods, making it an excellent choice for people looking to send money to Africa.

Send money with Africhange now!

Download the Africhange app here