There are a huge number of reasons why you might want to transfer money to Algeria, but it is worth taking some time to decide on the best way of making transfer.
You have three main options: making a transfer through a bank, using a Money Sending Bureau or using a foreign exchange broker to transfer money to Algeria.
The first option can be particularly convenient if you need to transfer money to somebody with a bank account in Algeria, perhaps with Credit Populaire d'Algerie.
However, the Algerian dinar currency exchange rate tends to be fairly uncompetitive when you transfer money to Algeria through a bank.
On top of the poor foreign exchange rate, you are likely to find yourself paying per-transfer fees each time you move money to Algeria.
Unfortunately, these fees are also imposed by Money Sending Bureaus. Indeed, these establishments can charge between ten and 15 per cent of the transfer in fees.
If this puts you off, you might want to look into making a transfer with RationalFX.
We can guarantee you a low fee service when you transfer money to Algeria with us.
But that isn't all. The Algerian dinar currency exchange rate on offer with RationalFX will be one of the most competitive rates on the market.
Don't believe us? Why not open an online account for free today and check out the rates on offer at the moment.
There is no obligation to transfer money to Algeria with us if you open account; but you can compare our rates with those of other service providers to ensure you choose the best way to transfer money to Algeria.