Compare all the best ways to send money to Algeria

The exchange rate determines how much DZD the recipient will receive.

For instance, in the past 7 days average exchange rate between the US Dollar and the Algerian Dinar was 132.5302 DZD.

Since USD - DZD exchange rates fluctuate based on market conditions, waiting a few days can result in a better rate and more DZD for your recipient.

If you urgently need the money in Algeria, we recommend using Wise, which has offered the best DZD exchange rates over the last 7 days.

The cheapest way to fund your transfer to Algeria is by using a bank transfer with Revolut, which is % cheaper than the next best option.

How you pay for your transfer impacts the cost, speed, and the amount of DZD received.

Based on a $7,000 transfer to Algeria using the last 7 days of our data, the options you have are:

• A bank transfer with Revolut will cost you $0 in fees and a 0.2% markup

• Debit card transfer with Wise costs $12.61 with 0.08% markup

We recommend not using bank transfer when sending money to Algeria, as they tend to be the most expensive.

Credit card transfers tend to add cash advance fees and might have higher interest rates on DZD.

Whenever possible, avoid sending DZD over the SWIFT network. Despite the name, DZD transfers over SWIFT are slower and come with higher fees.

Money transfer companies will often have minimum and maximum limits on how much DZD you can send.

Often, the amount will also impact the fees and the DZD rate you get.

For example, we found Wise to be the best option for sending large amounts to Algeria.

There might also be government-imposed restrictions, commercial restrictions, and many more.

This is why it’s important to compare your transfer options to Algeria.

The speed of transferring DZD to Algeria depends on several factors, including the amount being sent, the timing of the transfer, and the chosen payment method.

Usually, the quicker you need your DZD, the more it will cost you in fees.

For example, consider a transfer of $7,000 from the US to Algeria:

• Fastest provider: Among 6 companies servicing Algeria, MoneyGram consistently offers the quickest delivery times across all deposit methods, appearing in 47.8% of our searches.

• Bank or debit card deposits: Services like MoneyGram for bank account deposits and Wise for card deposits provide almost instant and cost-effective DZD transfers. Fees are approximately $11.17 for bank deposits and $Wise for debit card deposits, with a minimal 0.08% markup.

• Credit card deposits are another option, but be mindful of potential cash advance fees.

• Urgent transfers: For the fastest possible transfers, we recommend opting for cash pickup services through providers like Western Union or Ria Money.

Avoid making DZD transfers over SWIFT

SWIFT is slower for DZD transfers due to the involvement of intermediary banks in Algeria, so it’s best to avoid it if speed is your priority.

For DZD transfers, you have the following options:

Money transfer companies

You can send Algerian Dinar via an FX broker (a managed service) or via an online-only company (self-managed).

According to the past 7 days analysis, we found that Wise is the overall best way to transfer money to Algeria, appearing 97.3% of the time for DZD transfers in our search system.

App

Most money transfer services to Algeria offer mobile apps, which often provide better DZD exchange rates.

You can check our guide on the best money transfer apps to find one that fits your needs.

In-person

Cash transfers to Algeria can be made in person through services like Ria Money Transfers or Western Union.

Cash transfers are almost always instant but require the recipient to physically visit the nearest agent to collect DZD.

Bank transfers

We advise you not to use your bank to wire money to DZ because of the fees but rather use it to fund your DZD transfer.

There are several ways to receive money in Algeria, including direct bank deposits, cash pickups, home deliveries, and mobile wallets.

Here are your options:

• Direct bank deposits: to deposit money into the recipient's account in Algeria, we recommend using Revolut. They appeared in 94.5% of the searches as the cheapest option for bank transfers to Algeria.

• Cash pickup: if you need immediate access to cash in Algeria, consider using cash pickup, but check availability.

• Mobile wallets: you can receive DZD directly into your digital wallet like PayPal, but they come with limitations and higher costs compared to using Revolut.

In most cases, DZD will arrive without any involvement from the recipient.

However, if you’re sending Algerian Dinar as cash, or in large amounts, the receiver might need the following*:

• Valid forms of ID: such as passport, or driver’s license.

• Sender's information: the full name and address.

• Transfer details: the amount of DZD to be received.

• Transfer confirmation number: the sender should give it to the recipient.

• SWIFT code / IBAN: sometimes you may need to include IBAN and/or the SWIFT code.

*The exact documents you need might vary by the company you use.

For larger Algerian Dinar transfers, money transfer companies may ask for a source of funds and proof of address. This is done in accordance with AML policies.

If you’re making a large transfer to Algeria, we recommend using Wise.

There might be tax implications and government-imposed limits when sending Algerian Dinar to Algeria.

Some DZD transfers may be subject to various taxes, including gift tax and commercial tax.

Even if there are no limits or taxation involved, certain DZD transfers need to be reported to the tax authorities in Algeria.

When in doubt, please contact a tax professional in Algeria or in your country.