About Tanzania and USA
Data from the US Department of Commerce records that US exports to Tanzania support many jobs in Tanzania.Annual Remittances from the US to Tanzania are also high thanks to Tanzanian immigrants living and working in the US. Therefore it is evident that there is a need for money transfer between these two countries. The rate of remittance goes up daily due to the increasing number of people who want to send money to Tanzania from US, their family's friends, and even remote employees.
Here at Exchange Rate IQ, we have everything you need to know concerning the best rates to send money from the US to Tanzania. Look for a detailed comparison between some of the most popular money transfer services between the US and Tanzania.
Top picks for sending money to Tanzania from the US
These are among the money transfer companies that you can use when considering the best way to send money from the US to Tanzania. They are as follows:
Money Transfer Channels:
XE Money: It is an instant money transfer company that has, reasonable exchange rates, it is convenient and globally trusted, you can access it anytime you want, there are no stated exchange fees,
World Remit: It is highly recommended since, No minimum transfer limit, Competitive exchange rates, Flexible payment options including bank deposits, cash pick-up, mobile money or airtime top-up and simple to use platform.
In-Store transfer companies:
Travelex: Availability of stores at airports, home delivery if you choose the option, can allow for multiple transfers. Different currency options can be used.
Western Union: It is one of the most trusted service providers, a vast network of ATMs and agents, no limit on the maximum amount of transfer, low minimum transfer limit of 1USD.
It is easily accessible even in the remote areas of Tanzania. You are safe when you choose to send money through banks directly from the US to Tanzania, which is very fast and secure.
All the channels discussed above are reliable, fast, and convenient.
What should consider when sending money from the US to Tanzania?
Transfer speed: In most cases, the money being sent is for sorting out emergency cases. Therefore, you need to know which remitting company can help you send money instantly. In this case, XE Money is one of the instant channels that can never fail.
Charges: Most international companies offer fee-free rates; however, they have tricky ways of getting their income. This happens by adding some fees directly from the sender's expense, receiver's cost, or setting their conversion rates. As this is one of the significant factors that differentiate international money transfer companies, it is essential to look for which one offers charges and the US to TZS rates that fit.
Accessibility: You need to make sure that the channel you use can be accessed easily. Confirm whether the receiver can also find the channel in Tanzania
Time: How long is your client in Tanzania willing to wait for the money. You will be able to determine which channel to use.