Ivory Coast, also known as Côte D ‘Ivorie, is a Sub-saharan West African country that was colonised by the French in the 1800s. Eventually the country gained independence in 1960, but French remains to be the primary language used by Ivorians, along with 78 other indigenous languages.
Since gaining independence from France, 14 former French colonies in Africa continue to use the CFA franc (Communauté Financière Africaine). In 2020 President Alassane Ouattara revealed that plans to replace the French-backed XOF with a new, West African currency, had been pushed back due to the fallout from the pandemic.
When considering how to send money Ivory Coast from Austria there are some key aspects of the transfer to consider.
The fastest provider is WorldRemit, transfers from this provider normally take [SPEED]. The cheapest provider we found is WorldRemit at % Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using WorldRemit when transferring EUR to XOF.
This means that by using WorldRemit for online money transfers to Ivory Coast from Austria, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access WorldRemit for any reason, our comparison engine has found also to be very good options when sending EUR – XOF.
This recommendation was updated one minute ago.
In order to avoid high fees, you should consider the cheapest way to send from Austria to Ivory Coast.
WorldRemit has been determined by our comparison engine to be currently offering you the cheapest rates possible.
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When sending money from Austria to Ivory Coast, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, WorldRemit is the fastest way to send EUR – XOF.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as WorldRemit to pay for your transfer to Ivory Coast.
With WorldRemit you can send money online to Ivory Coast using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money Ivory Coast as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use WorldRemit to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to Ivory Coast from Austria using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Ivory Coast. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Ivory Coast.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as WorldRemit.
Before sending money to Ivory Coast from Austria, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send EUR to XOF. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in Ivory Coast. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in Ivory Coast, then they will usually need the following:
The amount of XOF you can receive from Austria will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of XOF that can be received in Ivory Coast or sent from Austria before making your transfer.
April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.