There are multiple ways to easily send and receive money in Algeria but these will largely depend on the provider you decide to use.
What’s the Fastest Way to Send Money to Algeria?
The fastest way to send money to Algeria is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money will reach its Algerian destination in a matter of minutes. The fast option also offers an affordable deal, as 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 Algeria?
The cheapest way to send money to Algeria is through Ria Money Transfer’s slow (normal) option. Ria Money Transfer offers very low upfront rates for their money transfer services. The company’s slow option also charges rather agreeable hidden currency conversion costs. In the end, Ria Money Transfer’s slower option is very cheap.
It should be noted that Ria Money Transfer’s slow option is indeed very slow. It should normally take 3-5 business days for your money to reach its Algerian destination.
What’s the Easiest Way to Send Money to Algeria?
The easiest way to send money to Algeria is through Payoneer. You can switch between their different money transfer methods to suit your needs. With Payoneer, you have several options for sending money. We recommend you use Payoneer to send moneyto the recipient’s debit card, which offers greater convenience and security when compared to other methods. With this method, the recipient can withdraw the money right away upon the transfer’s completion.
What’s the Overall Best Way to Send Money to Algeria?
The overall best way to send money to Algeria is through Ria Money Transfer. For the sake of getting a better (faster) deal, we recommend using their fast option unless you don’t mind waiting. Ria Money Transfer’s fast option gives you a great balance between cost and speed. If you are in less of a rush and would prefer cheaper rates, their slow option is also alright. With Ria Money Transfer, you have a service that is fairly accessible and generally well-rounded.
The USD to DZD Exchange Rate
When sending money to Algeria you should always check the latest exchange rates vs. what you are offered to ensure you are getting the best deal on your transfer.
Why Trust Us
Why Trust Us
Our thorough editorial policy demonstrates our commitment to carefully vetting every piece of information.
We also produce unbiased, detailed reviews of all the top money transfer services, helping you in making smarter, simpler choices. We're devoted to upholding the highest standards, providing you with accurate, current, and reliable content.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
Frequently Asked Questions About Algerian Money Transfers
How money transfers work & how long it takes?
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.
What is the currency of Algeria?
The official currency of Algeria is the Algerian Dinar, which is made up of 100 centimes. Coins are available in the following denominations: 100, 50, 20, 10, 5, 2 and 1 and bank notes are available in 1000, 500, 200, 100 and 50 groupings.
British pounds are readily accepted within Algeria and US Dollars are also sometimes appreciated.
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