We compared 6 companies sending money from the United States to Madagascar. Regency FX is the best and cheapest, while TapTap Send is the fastest.
Sending $7,000 with Regency FX gets your recipient 30,852,303.19 MGA at 4407.4719 MGA per USD.
| 6 of 6 providers Last updated on 28 September 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/MGA transfers | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 4288.4568 MGA +3.01% vs mid-market | Recipient gets Ar 30,019,197.60 Minutes - 24 hours | |
Ways to receive money in Madagascar with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4288.4568 MGA Ar 30,019,197.60You pay$7,000.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 4407.4719 MGA +0.27% vs mid-market | Recipient gets Ar 30,852,303.19 Minutes - 24 hours | |
Ways to receive money in Madagascar with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4407.4719 MGA Ar 30,852,303.19You pay$7,000.00 | |||
Run a live search Showing top United States to Madagascar deals for 7,000 USD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live USD to MGA rates. | |||
Run a live search These companies offer multi-currency accounts for spending MGA. We suggest doing a live search based on how much USD you're planning to spend in Madagascar. | |||
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 4407.4719 MGA +0.27% vs mid-market | Recipient gets Ar 30,852,303.19 Minutes - 24 hours | |
Ways to receive money in Madagascar with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4407.4719 MGA Ar 30,852,303.19You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 4397.3073 MGA +0.50% vs mid-market | Recipient gets Ar 30,781,150.78 Minutes - 24 hours | |
Ways to receive money in Madagascar with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4397.3073 MGA Ar 30,781,150.78You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Cash deposit | Fee $60.79 1 USD = 4356.3762 MGA +1.44% vs mid-market | Recipient gets Ar 30,494,633.40 Minutes - 24 hours | |
Ways to receive money in Madagascar with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $60.791 USD = 4356.3762 MGA Ar 30,494,633.40You pay$7,060.79 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $75.99 1 USD = 4308.8121 MGA +2.53% vs mid-market | Recipient gets Ar 30,161,684.70 Minutes - 24 hours | |
Ways to receive money in Madagascar with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $75.991 USD = 4308.8121 MGA Ar 30,161,684.70You pay$7,075.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $1.491 USD = 4285.7713 MGA Ar 30,000,399.10You pay$7,001.49 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee $105.00 1 USD = 4308.8121 MGA +2.53% vs mid-market | Recipient gets Ar 30,161,684.70 Minutes - 24 hours | |
Ways to receive money in Madagascar with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $105.001 USD = 4308.8121 MGA Ar 30,161,684.70You pay$7,105.00 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $1.991 USD = 4291.0306 MGA Ar 30,037,214.20You pay$7,001.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $179.99 1 USD = 4308.8121 MGA +2.53% vs mid-market | Recipient gets Ar 30,161,684.70 Minutes - 24 hours | |
Ways to receive money in Madagascar with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $179.991 USD = 4308.8121 MGA Ar 30,161,684.70You pay$7,179.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets $210.001 USD = 4285.7713 MGA Ar 30,000,399.10You pay$7,210.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 4288.4568 MGA +3.01% vs mid-market | Recipient gets Ar 30,019,197.60 Minutes - 24 hours | |
Ways to receive money in Madagascar with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 4288.4568 MGA Ar 30,019,197.60You pay$7,000.00 | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 4288.4568 MGA +3.01% vs mid-market | Recipient gets Ar 29,869,101.61 Minutes - 24 hours | |
Ways to receive money in Madagascar with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $35.001 USD = 4288.4568 MGA Ar 29,869,101.61You pay$7,000.00 | |||
 TapTap Send Pay via Debit card | Fee $0.00 1 USD = 4262.0000 MGA +3.63% vs mid-market | Recipient gets Ar 29,834,000.00 Minutes | |
Ways to receive money in Madagascar with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyMinutesAvailable via:Airtel, MVola, Orange Free1 USD = 4262.0000 MGA Ar 29,834,000.00You pay$7,000.00 Cash pickupMinutesAvailable via:Paositra Cash Pickup Free1 USD = 4262.0000 MGA Ar 29,834,000.00You pay$7,000.00 | |||
| Only available via Mobile App  Sendwave Pay via Debit card | Fee $0.00 1 USD = 4259.8841 MGA +3.68% vs mid-market | Recipient gets Ar 29,819,188.77 Minutes - 3 days | |
Ways to receive money in Madagascar with Sendwave when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyMinutes - 3 days Free1 USD = 4259.8841 MGA Ar 29,819,188.77You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 4288.4568 MGA +3.01% vs mid-market | Recipient gets Ar 29,118,621.67 Minutes - 24 hours | |
Ways to receive money in Madagascar with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 4288.4568 MGA Ar 29,118,621.67You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 4419.4043 MGA Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Regency FX is the best option.
For recurring transfers, I'd suggest using an app or a multi-currency account with MoneyGram.
For large transfers using a broker like Regency FX is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
You have 4 ways to pay for your transfer to Madagascar, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
How much USD you send to Madagascar heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $500 | 0.65% | $0.00 | Ar 2,195,339.07with bank transfer to bank deposit | +Ar 159,639.76 | |
| $2,000 | 0.65% | $0.00 | Ar 8,781,356.30with bank transfer to bank deposit | +Ar 378,660.99 | |
| $5,000 | 0.50% | $0.00 | Ar 21,986,536.27with bank transfer to bank deposit | +Ar 528,744.85 | |
| $7,000This page | 0.27% | $0.00 | Ar 30,852,303.19with bank transfer to bank deposit | +Ar 736,553.09 | |
| $10,000 | 0.27% | $0.00 | Ar 44,074,718.84with bank transfer to bank deposit | +Ar 1,052,218.69 |
Mid-market rate: 1 USD = 4419.4043 MGA
There are 6 companies available for sending money from the US to Madagascar, across app, broker, online, and in person, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
MoneyGram charges $60.79 on a $7,000 transfer with 1.44% markup, saves your recipient's details for next time, and MGA arrives in minutes - 24 hours.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 30,494,633.4 MGA in minutes - 24 hours.
However, transfers funded with cash or a money order carry a 1% federal tax from January 2021. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Madagascar.
Of all online companies listed here, MoneyGram gets you the most MGA per USD.
On a $7,000 transfer, you will get 30,494,633.4 MGA after a $60.79 fee and 1.44% markup.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Madagascar (e.g. a property purchase, tuition, or moving to Madagascar), a broker like Regency FX charges no fee, gives you a dedicated account manager, and adds 0.27% markup on USD/MGA that gets lower the more you send.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 30,852,303.19 MGA.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but the it may take some time for it to clear before a money transfer company can send the money to Madagascar.
You can deposit cash
You'll need to visit nearest MoneyGram branch and had over $7,000.
MoneyGram is the cheapest option and will get you 30,494,633.4 MGA on $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Madagascar.
Your recipient in Madagascar can collect MGA through bank deposit, cash pickup, mobile money, and mobile wallet.
They can collect cash in Madagascar
Your recipient can collect MGA from a participating MoneyGram location in Madagascar.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
You pay $7,000.00
Ar30,852,303
Cheapest
You pay $7,060.79
Ar30,494,633
-Ar357,670
You pay $7,105.00
Ar30,161,685
-Ar690,618
You pay $7,075.99
Ar30,161,685
-Ar690,618
You pay $7,179.99
Ar30,161,685
-Ar690,618
You pay $7,001.99
Ar30,037,214
-Ar815,089
You pay $7,001.49
Ar30,000,399
-Ar851,904
You pay $7,210.00
Ar30,000,399
-Ar851,904
You pay $7,000.00
Ar29,869,102
-Ar983,202
You pay $7,000.00
Ar29,834,000
-Ar1,018,303
You pay $7,000.00
Ar29,118,622
-Ar1,733,682
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Madagascar
The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 30,852,303.19 MGA, which is 0.23% more than the next best option.
Fastest way to send money to Madagascar
The fastest option is TapTap Send. Pay by debit card and choose mobile money for the payout. Your recipient gets 29,834,000 MGA, with the money arriving in minutes.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, Regency FX is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Madagascar.
While Regency FX may not always be the cheapest or fastest way to send MGA, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
The rate changes how much MGA your recipient gets for your USD. Recent movement gives you a useful benchmark before you send.
Mid-market rate:1 USD = 4,387.052523 MGA
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Madagascar and United States.
We work with leading money transfer companies to provide real time fees and exchange rates.
We also conduct detailed company reviews, combined with in-depth analysis, we can offer the best deals on the market - every time you want to transfer money from United States to Madagascar.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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