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EUR to XOF
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.
Choosing the best service provider
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.
The cheapest way to send money from Austria to Ivory Coast
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.
Get the Best Rate and Sign Up for Rate Alerts Austria to Ivory Coast
The fastest way to send money from Austria to Ivory Coast
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.
What payment methods are available when sending money from Austria to Ivory Coast?
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.
Sending money to Ivory Coast from Austria using credit card
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.
Sending money to Ivory Coast from Austria using a debit card
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.
Using a wire transfer to send money from Austria to Ivory Coast
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.
Considerations for a EUR – XOF Currency Transfer
Before sending money to Ivory Coast from Austria, you should consider the following:
- The amount you want to transfer: It is likely that the more money you send to Ivory Coast the more value you will get and more XOF the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
- The EUR – XOF exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 650.682675 and the lowest exchange rate margin is currently offered by WorldRemit at % above the mid market rate.
- Hidden fees & charges: Before sending money to Ivory Coast, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers WorldRemit, and will give insight here.
How to send money from Austria to Ivory Coast at the best rate?
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:
- Click “Visit Site” inside our comparison table
- Register for an account if required
- Input how much you are willing to send
- Fund your transfer
- Receive & save an email confirming your transfer
How to receive transfers from EUR to XOF in Ivory Coast?
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:
- Deposit XOF directly into a bank account
- Enable the recipient to pick up cash a specific locations across Ivory Coast
- Deliver money directly to their door
- Send XOF to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Ivory Coast, then they will usually need the following:
- A government issued I.D document such as passport, drivers license or national identity card
- The money transfer reference number
- Senders details and the amount of money sent
How much money can be transferred from Austria to Ivory Coast?
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.