About Uganda and USA

As per data from the US Department of Commerce, US exports to Uganda supports approximately 400 jobs in Uganda. Remittances from the US to Uganda exceeds over 970 Million every year. Therefore it is evident that there is dire need for money transfer between these two countries. Even more pressing is the fact that the rate of remittance keeps on growing daily due to the increasing number of people who want to send money to Uganda from the US to their families, friends and even remote employees.

Here at Exchange Rate IQ, we will provide all the information for the best way to send money from US to Uganda. Find detailed comparison between some of the most popular money transfer services between the US and Uganda.

Top picks for sending money to Uganda from US

The best money transfer companies that you can use to send money from US to Uganda with respect to the consumers preferences include:

Money Transfer Companies:

XE Money: Great exchange rates, internationally trusted, 24/7 Online access, No exchange fees, currency specialist.

World Remit: 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 and home delivery if you choose the option, can allow for multiple transfers, and provides different currency options.

Western Union: 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.

Banks:

You can choose to send money through banks directly from US to Uganda.

The service providers mentioned above are highly secured. You can easily send funds worry-free as they will make sure that they convey your cash.

What you should have in mind when sending money from US to Uganda

1. Charges: As much as most international companies claim to offer fee-free rates, they all have their ways of getting their fair share. They obtain these either by adding some fees directly from the sender’s fee, receiver’s fee or setting their conversion rates. As this is one of the major factors that differentiate international money transfer companies, it is important to look for which one offers charges and US to UGS rates that fits your budget.


2. Accessibility: The ease of accessibility and convenience by these various methods offered matters. It is usually determined by factors such as the area of coverage as well as participation barriers i.e. what does the receiver in Uganda need to access the service.


3. Wait times: How long does the receiver have to wait before getting the money after the sender has finished making the transaction on their end?