There are multiple ways to easily send and receive money in Albania but these will largely depend on the provider you decide to use.
What’s the Fastest Way to Send Money to Albania?
The best way to send money faster to Albania is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Albanian destination in a matter of minutes. The fast option is also quite affordable and it costs less than most of their slower competition. The main drawback to Ria Money Transfer is that some users complain of hassles and a platform which isn’t the easiest to use. When it comes to their fast option, you can be sure you’re getting a good deal when it comes to both speed and cost.
What’s the Cheapest Way to Send Money to Albania?
The best way to transfer money internationally cheap is through Wise. Wise simply offers the best deal for sending money to Albania. The young peer-to-peer money transfer company is one of the only options on the market that doesn’t mark up currency conversion fees at all. Wise does charge a simple, upfront fee, but this fee is quite low when you factor in the complete lack of hidden currency conversion costs.
What’s the Easiest Way to Send Money to Albania?
The easiest way to send money to Albania is through Wise. Wise makes sending money to Albania exceptionally easy. All you need to do is follow these simple steps:
1) Tap in the amount of money to be sent
2) Tap in the destination
3) Pay Wise for the transaction.
4) Wait one or two days for the funds to arrive
What’s the Overall Best Way to Send Money to Albania?
Wise is the overall best option available to you if you need to send money to Albania. The company simply offers the best-rounded deal. With Wise you can expect consistently low costs and more honesty regarding these costs. You can also expect to send money with ease and to have your money arrive at its Albanian destination within two business days. We've compare Wise vs XE to help you identify the best provider for your needs.
The USD to LEK Exchange Rate
When sending money to Albania you should always check the latest exchange rates vs. what you are offered to ensure you are getting the best deal on your transfer.
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The process will largely depend on the provider you use, however, the process typically involves the following steps:
You will need to sign up with the chosen provider (use our comparison tools to find the best service for your needs)
Then you will need to deposit the amount you want to send and the fees associated with it.
The provider will transfer your funds in the right currency directly to the recipient without any intermediaries.
You can deposit your money with a bank card online or you can make a transaction inside the store.
This process usually takes 1-2 days for the recipient to receive their money, but some providers can send money instantly.
Why use money transfers over my bank?
Unless you don't mind paying higher fees to send money abroad, we recommend you avoid using your bank to for international money transfers. Banks usually charge a lot of different fees for each transfer you make, including handling charges and foreign exchange commission.
Money transfer services, on the other hand, provide the same security, quicker delivery times and much lower fees as they are deposited directly to recipients bank account without any intermediaries. Quite often, using a money transfer provider is the best way to send money internationally.
What can I use money transfers for?
It might look confusing and unusual to use anything other than a bank to send money for any reason other than a generic transfer, however, there are many more ways to use money transfers.
For instance, you can sign up with a money transfer provider to receive your pension abroad. Many money transfer companies have dedicated teams and resources for that particular reason.
You can save a lot on fees if sending large sums at once. For example, if you’re looking to buy a house abroad you can benefit from the better exchange rate and lower fees by using a money transfer company compared to a traditional bank.
You can use money transfer services for the same reasons you use your bank, but with lower fees, quicker delivery times and better exchange rates. If you are just getting started you can read our selection of guides to help you grasp on the basics.
How to find the best exchange rate?
Finding the best exchange rate is crucial to maximising the money received on the other end. Usually, you will receive better exchange rates with money transfer provider compared to a traditional bank. Here’s are a few tips to find the best exchange rate online:
Start looking early: various providers will offer different exchange rates on different days, start looking as early as you can to identify the best provider for your currency pair.
Pay attention to the current exchange rate: staying up to date with the current exchange rate will give you the advantage to buy and sell on time. Currencies fluctuate daily due to supply and demand, so checking it frequently is advised to get the best rate possible. Alternatively, you can sign up with our price alerts to know when your currency reaches the desired price.
Avoid using your bank: banks are trustworthy, reliable and convenient, but they do not provide value for money. They charge high fees and usually have higher costs compared to the money transfer provider. Some money transfer companies will even provide a mid-market rate.
Can I send money with MoneyTransfers.com?
No. MoneyTransfers.com is a comparison website aiming to match you with the best money transfer providers for your needs when transferring money online.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com