We found Wise to be the best way to send money to Cameroon.
After testing and reviewing 11 money transfer providers servicing Cameroon, Wise came out on top.
Wise appeared in 96.6% of searches for XAF transfers and was rated the best option among the 11 providers that support CFA Franc BEAC transfers.
Wise offers quick transfers, adds a -0.06% markup on XAF transfers, and costs $15.48 in fees.
This makes it the best option for a mix of cost, speed & features for XAF transfers.
How to get the best rate when sending money to Cameroon
Consider this before sending money to Cameroon
Don't settle for the first option. Always compare ways to send money to Cameroon to find out about fees, speed, and reliability.
Our analysis included 11 providers that operate in Cameroon.
Through this, you get a comprehensive view of all the options you have when sending money to Cameroon.
WorldRemit is the cheapest way to send money to Cameroon
In the past 6-months, WorldRemit appeared in 79.7% of our searches as the cheapest money transfer service. We found it to be % cheaper than the next best option.
WorldRemit charges $0 per transfer and adds a -0.08% markup on top of the CFA Franc BEAC exchange rate.
Bank transfer is the cheapest funding option when sending money to Cameroon. Pair it together with WorldRemit, to get the most out of your XAF transfer.
The fastest way to send money to Cameroon: MoneyGram
Based on a $2,000 transfer and six months of comparison data for XAF transfers, MoneyGram appeared 30 times in our searches as the quickest option for sending XAF to Cameroon.
They charge $10.1 in fees and apply a 2% markup on the ‘real’ XAF rate. This is 0% cheaper than the second-best provider.
For the best balance between speed and cost, we suggest using a deposit for CFA Franc BEAC transfers.
Wise is the easiest way to send money to Cameroon
Wise appeared 57 times in our searches involving Cameroon as the top-rated money transfer company.
Wise is very transparent with its fees, charging $15.48 and -0.06% markup on XAF transfers.
They offer multiple deposit options, have good customer service, and take less than 5 minutes to get started with.
Making large money transfers to Cameroon
When sending large amounts of CFA Franc BEAC to Cameroon, it's important to consider factors like the limits, XAF rates, customer support, as well as legal and government-imposed restrictions in Cameroon.
Wise is our top recommendation for moving large amounts of XAF.
Whether you're purchasing property in Cameroon, need to pay tuition fees, have a wedding there, or transfer money for business in Cameroon, Wise will ensure a smooth and secure transaction.
Of all the companies we’ve tested and reviewed that specialize in large XAF transfers, Wise consistently ranked as the top-rated choice.
They charge $15.48 per transfer and apply -0.06% markup on top of the XAF exchange rate, making them perfect for moving big amounts.
Understanding the costs involved when moving money to Cameroon
When calculating the cost of money transfers to Cameroon, here's what really matters: the country of origin, amount, payment method, fees, and the markup on the XAF exchange rate.
Exchange rate markup
This is a percentage added on top of the "real" XAF rate (known as the mid-market rate).
Wise, for example, offers the best exchange rate. It adds -0.08% markup to the USD-XAF exchange rate (640.0018 XAF - -0.08% per US Dollar).
Transfer fees
These are fixed and/or percentage fees added for the service when sending money to Cameroon.
Let's imagine you want to send $2,000 from the US to Cameroon.
After analyzing 11 companies supporting CFA Franc BEAC, we found Remitly to offer the lowest fees ($0 in fees and 3.36% markup).
However, exact fees vary by deposit method and the service, for example:
Bank transfers vary from $0 to $10.1
Debit cards range from $16.03 to $16.03
Credit cards can go from $43.51 to $43.51
Getting the best XAF rate when sending money to CFA Franc BEAC
The exchange rate is the value of the CFA Franc BEAC (XAF) compared to other currencies. Since it consistently moves up and down, sending at the high will give your receiver more XAF compared to the low.
In the past 6-months, the XAF exchange rate reached:
An average rate of 604.5452 CFA Franc BEAC per US Dollar
A high of 630.1977 XAF per USD
And a low of 585.2317 XAF per US Dollar
The XAF/USD exchange rate has seen some movements. Making a transfer when the rate is close to 630.1977 XAF/USD will result in more XAF received.
Wise is our top recommendation for sending CFA Franc BEAC, offering a markup of -0.06% which is 0% better than the next cheapest option.
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Payment methods available for money transfers to Cameroon
The way you fund your transfer to Cameroon will impact the speed, cost, and amount of XAF your recipient receives.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available in Cameroon.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money to Cameroon.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Cameroon
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Related transfer routes
Send money from Cameroon
Staying safe when sending money to Cameroon
Making sure your funds are safe when transferring to Cameroon is really important. All the services supporting Cameroon that we recommend are safe and regulated.
Only send money to those you know and trust using a regulated money transfer company.
If you’re unsure about the financial regulators in your country or Cameroon, please refer to our directory of financial regulators.
FAQs
Find answers to the most common questions on our dedicated FAQ page.