Get the latest rates and fees for sending money to Andorra
There are multiple ways to easily send and receive money in Andorra but these will largely depend on the provider you decide to use.
What’s the Fastest Way to Send Money to Andorra?
The fastest way to send money to Andorra is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Andorran destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take longer. The main downside to Western Union’s fast option is the fact that it is more expensive than most of the competition. You can always expect to pay more with Western Union.
What’s the Cheapest Way to Send Money to Andorra?
The cheapest way to send money to Andorra is through OFX. With OFX, you only pay a small percentage of each transaction. OFX carries a minimum transfer size requirement which is significantly higher than any of the competitions. Despite this, their rates cannot be beaten, particularly when you send more money at once. The more money you send through OFX in a single transfer, the cheaper the transfer becomes. The result is the best rates on the market. Furthermore, it typically only takes a day or two for your money to reach its Andorran destination.
What’s the Easiest Way to Send Money to Andorra?
The easiest way to send money to Andorra is through Wise. Wise makes sending money to Andorra exceptionally easy. After you set up your account, 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 at the Andorran destination.
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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