Find the best ways to transfer money to Angola

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

For instance, today’s average USD to AOA rate is 918.0001 but the highest rate over the past 3 months was 954.5041 AOA/USD.

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

For urgent Kwanza transfers, we recommend Wise. It consistently provided the best AOA rates over the past six months.

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

The cheapest way to fund your transfer to Angola is with a Bank transfer via Wise, which is 0% cheaper than the next cheapest service.

Based on our six-month analysis of a $2,000 transfer from to Angola, here are the top options:

• Wise (bank transfer): Costs $15.25 + 0% markup on top of the AOA mid-market rate.

• Wise (debit card): Costs $11.34 + -0.78% markup.

• Wise (credit card): Costs $43.81 + 0% markup.

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

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

For instance, charges $0 for credit card deposits, while Wise charges $15.25 for bank transfers.

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

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

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

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

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

The speed of sending Kwanza to Angola depends on factors like the amount of AOA sent, the chosen deposit and withdrawal methods, and when you send AOA.

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

Let’s imagine you want to transfer 2,000 USD to Angola, here are your options:

• For the fastest transfers, use MoneyGram - Out of 6 companies serving Angola, MoneyGram appeared 21 times in our searches as the fastest service in the past 6 months.

• For bank and card deposits, use MoneyGram - MoneyGram provides fast and affordable AOA transfers, with fees around $11 for bank account deposits and $13.65 for debit/prepaid card deposits, with a small 2% markup on the ‘real’ AOA exchange rate.

• For credit card transfers, use Wise - Wise charges $43.81 for credit card transfers to Angola with 0% markup. However, 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 Kwanza to be delivered urgently, services like Western Union, MoneyGram, or Ria Money will have it ready within minutes for collection in Angola.

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

For AOA 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 Wise. Based on our 6-month analysis, Wise ranked as the top provider for sending money to Angola, appearing in 39 comparisons involving AOA.

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

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

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

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

• Deposit to bank account - For direct bank deposits in Angola, we recommend Wise, which appeared in 72.5% of AOA searches as the cheapest option for bank transfers. AOA will arrive directly to the recipient's bank account in Angola.

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

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

When making large AOA transfers or sending Kwanza 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 Angola.

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

• Transfer Details: The amount being received in AOA.

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

• SWIFT Code / IBAN: This may be required for bank transfers to Angola 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. Kwanza 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 Wise for transferring large amounts of Kwanza.

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

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

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

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