Find the best ways to transfer money to South Sudan

Pay attention to SSP exchange rates, as it determines how much SSP your recipient will receive.

For instance, today’s average USD to SSP rate is 0 but the highest rate over the past 7 days was 0 SSP/USD.

Your aim is to transfer when SSP reaches a higher value so waiting a few days could result in a better rate, hence more SSP received.

For urgent transfers, we recommend MoneyGram. It consistently provides the best SSP rates.

How you fund your transfer affects the cost, speed, and the amount of the recipient will receive.

The cheapest way to fund your transfer to South Sudan is with a bank transfer via MoneyGram, which is 0% cheaper than the next cheapest service.

Based on our analysis of a $7,000 transfer from to South Sudan, here are the top options:

• MoneyGram (bank transfer): Costs $490.00000000000006 + 2% markup on top of the SSP mid-market rate.

• (debit card): Costs $ + % markup.

bank transfer is the most expensive deposit method for transfers, so we recommend avoiding it to maximize the amount of SSP received.

Credit card transfers may result in cash advance fees and higher interest rates when sending money to South Sudan.

Avoid sending SSP over the SWIFT network, as it's slower and more expensive. Instead, consider cheaper options like ACH or account balance for SSP transfers.

Money transfer companies often have minimum and maximum limits on how much SSP you can transfer.

The amount of SSP you send can impact the fees and exchange rate. Some services such as MoneyGram may offer a better exchange rate for large SSP transfers.

There may also be government-imposed restrictions, commercial limitations, and other factors that may affect how much SSP you can send.

To ensure your money transfer to South Sudan goes smoothly, especially if moving large amounts of , use our comparison tool to find the service that best fits your needs.

The speed of sending to South Sudan depends on factors like the amount of SSP sent, the chosen deposit and withdrawal methods, and when you send SSP.

As a rule of thumb, faster transfers come with higher fees.

Let’s imagine you want to transfer $7,000 to South Sudan, here are your options:

• For the fastest transfers, use MoneyGram - Out of 1 companies serving South Sudan.

• For bank and card deposits, use MoneyGram - MoneyGram provides fast and affordable SSP transfers, with fees around $490.00000000000006 for bank account deposits and $ for debit/prepaid card deposits, with a small 2% markup on the ‘real’ SSP exchange rate.

• For credit card transfers, beware of potential cash advance fees and higher interest rates from your credit card company.

• For urgent transfers, use cash transfer services - If you need to be delivered urgently, services like Western Union, MoneyGram, or Ria Money will have it ready within minutes for collection in South Sudan.

Avoid using the SWIFT network for SSP transfers, as intermediary banks slow the process. Instead, opt for faster and more cost-effective alternatives discussed above.

For SSP transfers, you have the following options:

1. Money transfer company - You can transfer money online using an FX broker (managed service) or a self-managed online company like MoneyGram. Based on our analysis, MoneyGram ranked as the top provider for sending money to South Sudan, appearing in 1 comparisons involving SSP.

2. Mobile apps and digital wallets - Many services available in South Sudan offer mobile apps, often giving transfer offers on SSP rates.

3. Cash transfers - You can send cash to South Sudan through services like Ria Money, MoneyGram, or Western Union. Cash transfers are typically instant, but the recipient must visit a local agent in South Sudan to collect the .

4. Wire transfers - While you can wire money to South Sudan through your bank, we advise against it. Banks can charge up to $60 per transfer to South Sudan and add 5% - 6% to the SSP exchange rate. Instead, use bank transfer to deposit money to MoneyGram and send SSP from there.

There are several ways to receive money in South Sudan, and choosing the right one will help the recipient get the most SSP. Mainly, these are:

• Deposit to bank account - For direct bank deposits in South Sudan, we recommend MoneyGram. SSP will arrive directly to the recipient's bank account in South Sudan.

• Deposit to digital or mobile wallet - SSP can be sent directly to digital wallets like PayPal, though this option often has more limitations and higher costs compared to services like MoneyGram. Recipients in South Sudan will need to transfer it to their account, which may incur more fees.

• Cash pickup or home delivery - If the recipient needs SSP urgently or doesn't have access to a bank account in South Sudan, cash pickup or door-to-door delivery is a good alternative. Be sure to check if these services are available in South Sudan. This will require the recipient to visit a nearby agent in South Sudan.

When making large SSP transfers or sending for cash pickup, the recipient may need the following:

• Government-Issued ID: This can be a non-expired and valid passport, driver’s license, or national ID of South Sudan.

• Sender’s Details: Full name, address, and other personal information.

• Transfer Details: The amount being received in SSP.

• Transfer number: This is given at the time of transfer.

• SWIFT Code / IBAN: This may be required for bank transfers to South Sudan from some countries.

*The exact documents may vary depending on the transfer method and service used.

For bank accounts, debit cards, or wallet deposits, the recipient typically doesn’t need to do anything. will arrive without their involvement.

For larger transfers, companies may request additional documents like proof of funds and address verification in compliance with Anti-Money Laundering policies.

We recommend using MoneyGram for transferring large amounts of .

There may be tax implications and government-imposed limits on transfers.

Some transfers may be subject to gift tax, commercial tax, and other types of taxes.

Even if no immediate taxes or limits apply, larger SSP transfers may need to be reported to tax authorities in South Sudan or your home country.

To be fully safe, we strongly recommend consulting with a tax professional in either South Sudan or your home country to ensure compliance with relevant regulations and tax laws.