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Best Ways to Send Money to Libya

Ensure quick transfer speeds, low fees, and competitive exchange rates when sending money to Libya.

Read on for reviews, expert tips, and everything needed for money transfers to Libya.

Jonathan Merry
Author 
Jonathan Merry
5 minutes
November 22nd, 2023
Disclosure
Recommended Provider
9.2
Wise

Wise is our recommended provider for sending money to Libya. This is based on having the best rates, fees and transfer times.

Compare rates and fees for sending money to Liberia

There are multiple ways to easily send and receive money in Libya but these will largely depend on the provider you decide to use.

What’s the Fastest Way to Send Money to Libya?

The fastest way to send money to Libya is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Libyan destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take a bit longer.

The only downside to Western Union’s fast option is the fact that it is very expensive. You can always expect to pay more with Western Union.

What’s the Cheapest Way to Send Money to Libya?

The cheapest way to send money to Libya is through MoneyGram. If you’re using MoneyGram’s cheaper option, you can expect lower rates across the board.

MoneyGram does charge upfront fees, but these fees are not very high. Like most of these companies, they do make most of their money through hidden currency conversion markups. Regardless, when both of these factors are considered, MoneyGram’s slow option is the cheapest option for sending money to Libya.

What’s the Easiest Way to Send Money to Libya?

A Wise bank transfer set up with BIC/SWIFT is the easiest way to send money to Libya. While linking your Wise account to a bank account through the BIC/SWIFT may sound like a hassle, it’s not that difficult. After the accounts are set up properly, however, you will find that conducting a bank transfer is exceptionally easy.

What’s the Overall Best Way to Send Money to Libya?

The overall best way to send money to Libya is through Western Union. Western Union has agents in several cities inside Libya, especially in Tripoli. With Western Union, you can get your money to Libya faster and in a safer manner than you would be able to with their competition. Western Union is also one of the most common money transfer services in the world, making it easier to send money through them.

The USD to LYD exchange rate

Mid-market Rate
1
= 4.819841 LYD
Mid-market rate at: 13:54 UTC
USD/LYD Median: 4.810343 Low: 4.804244 High: 4.819841
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Want to Send Money Somewhere Else?

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Frequently Asked Questions About Libya Money Transfers

What is the currency of Libya?
What currency regulations should I be aware of in Libya?
Are the banks in Libya reliable?
What is my best option for sending money to Libya?
What do I need to send money to Libya?

Contributors

Jonathan Merry
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com