How to send money to Chad from UK with the best GBP-XAF rate

The exchange rate determines the price you’ll pay for CFA Franc BEAC when you send Pound Sterling to Chad.

The current exchange rate between the Pound Sterling and CFA Franc BEAC is 748.0103. Wise offers the best exchange.

The GBP-XAF exchange rate is always moving.

It’s possible that waiting a day or two can help you get more XAF for the same amount of Pound Sterling. But, the best way to lock in a price between the United Kingdom and Chad is by using a forward contract.

A bank transfer is our recommended option for money transfers between the United Kingdom and Chad. Revolut offers the best price on a bank transfer.

A bank transfer to Chad through Revolut is 0.43% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both United Kingdom and Chad to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between the United Kingdom and Chad.

Some services have minimum or maximum thresholds on how much you can transfer from the United Kingdom to Chad.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of GBP to Chad. The combination of rates and fees when sending to Chad is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving the United Kingdom, or entering Chad. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Chad. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from the United Kingdom to Chad will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from the United Kingdom into CFA Franc BEAC. Wise is the best company for bank transfers between United Kingdom and Chad.

And if you need cash right away, check if cash pickup is an option for transfers between the United Kingdom and Chad.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When signing up to a money transfer company to send between the United Kingdom and Chad, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in the United Kingdom this will be a government ID like a passport or driver's license. In Chad it will be a similar set of documents, although this should only be needed if you are opening a new account in Chad, or collecting in cash.

Big transactions between the United Kingdom and Chad, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in the United Kingdom.

When sending large amounts of money between the United Kingdom and Chad there will be tax implications to consider.

Some transfers into CFA Franc BEAC may need to be reported to tax authorities in Chad, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Chad based on age, income and a few other elements. When in doubt, please contact a tax professional in the United Kingdom or Chad to discuss your personal circumstances.