Highest remittance rate for converting 1 AUD to GHS = 5.7
while sending money from Australia to Ghana seems like a simple task, not everyone is successful with their transfer. That is because they fail to follow the right steps to finding the most appropriate way of sending money. At Exchange Rate IQ, we help money senders to find the right way to send money to Ghana and all over the world. We do this by comparing and analyzing the available transfer agents with respect to the transfer corridor that you want to send money.
Many people are stuck between options when it comes to sending money from Australia to Ghana because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
Australia and Ghana go a long way and if you think sending money from Australia to Ghana is new then you are wrong. Even before the technology existed, Ghanaian migrants residing in Australia have been sending money back home to their loved ones using services like bank transfer and cash delivery services. Today, we help people who need to transfer money from Australia to Ghana pick the best service with regards to what they need and expect from the service.
If you have to send money using a less costly service today, you are most likely to use one of the following services.
Money transfer apps: This is the newest way to send money not only from Australia to Ghana but all over the world. According to users, online money transfer is the cheapest way to send money from Australia to Ghana with services like XE Money allowing money senders to enjoy free transactions. With so many online money transfer services available today, it is important to know that not all of them are genuine. It is therefore important to make sure that you conduct proper background research about a service provider before contracting them to offer their service. Some of the top picks for sending money from Australia to Ghana include; Remitly, WorldRemit, TransferWise, and XendPay.
Bank transfer: banks are one of the longest existing financial institutions in the world. With a system that runs similarly in almost every country, banks allow you to make a direct deposit to any country provided that you select a bank that is not limited by the international borders. Although bank transfers are relatively costly compared to online money transfer, know that there are different service packages. For example, there are some banks that will allow a high discount if you are sending a large amount of money. If you are lucky enough to find a bank that exists in both countries.
Cash pick up and delivery services: People who are not conversant with technology and require a much simpler way to send or receive money use cash pick up and delivery services. It is safe to say that this is one of the fastest ways to send money from Australia to Ghana. Services like Travelex and MoneyGram are some of the most popular cash delivery and pick-up services to use for your AUD to GHS transfer. With the impact of technology in international, money transfers, you can easily initiate your transfer using this service without having to visit the premises of the transfer agent.
To avoid any unexpected problems with your transfer, you will want to take note of the following
Service availability: As stated, there are so many money transfer companies. It is however important to know that not all of these services are available in every country in the world. With that said, know that there are some international money transfer agents that are available in Australia but not in Ghana. Using such a service can greatly inconvenience both parties and also prove to be costly.
Cost of service: There is a reason for both free and expensive international money transfer services. Typically, expensive options are much faster compared to free services that can take up to five days to clear. Nevertheless, knowing the cost of service will allow you to identify the service that you can afford without any compromise.
Service duration: Without knowing how long a certain transfer agent will take to transfer money from Australia to Ghana you will never know when to send your money for it to reach at the right time. If you want to send money for an emergency and fail to confirm an instant service then you will not only inconvenience the receiver but you can end up spending much more.