Compare the best ways to send money from United States to Madagascar

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 31,836,963.92 MGA at 4548.1377 MGA per USD.

Best companies for USD/MGA transfers

6 of 6 providers

Last updated on 28 October 2026

Based on 7,000 USD transfer

Best companies for USD/MGA transfers

Sort Cheapest
Promoted

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 4435.2982 MGA +2.78% vs mid-market Recipient gets Ar 31,047,087.40 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Madagascar with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 4435.2982 MGA
Ar 31,047,087.40You pay$7,000.00
Promoted

Regency FX

Pay via Bank transfer
Fee $0.00 1 USD = 4548.1377 MGA +0.27% vs mid-market Recipient gets Ar 31,836,963.92 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Madagascar with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 4548.1377 MGA
Ar 31,836,963.92You pay$7,000.00

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Regency FX

Pay via Bank transfer
Fee $0.00 1 USD = 4548.1377 MGA +0.27% vs mid-market Recipient gets Ar 31,836,963.92 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Madagascar with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 4548.1377 MGA
Ar 31,836,963.92You pay$7,000.00

OFX

Pay via Bank transfer
Fee $0.00 1 USD = 4537.6487 MGA +0.50% vs mid-market Recipient gets Ar 31,763,540.66 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in Madagascar with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 4537.6487 MGA
Ar 31,763,540.66You pay$7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fee $60.79 1 USD = 4537.4868 MGA +0.50% vs mid-market Recipient gets Ar 31,762,407.60 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 = 4537.4868 MGA
Ar 31,762,407.60You pay$7,060.79
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee $1.49 1 USD = 4448.2497 MGA +2.49% vs mid-market Recipient gets Ar 31,137,747.90 Minutes - 24 hours

Ways to receive money in Madagascar with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
$1.491 USD = 4448.2497 MGA
Ar 31,137,747.90You pay$7,001.49
Cash pickupMinutes - 24 hours
$75.991 USD = 4430.7804 MGA
Ar 31,015,462.80You pay$7,075.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee $105.00 1 USD = 4448.2497 MGA +2.49% vs mid-market Recipient gets Ar 31,137,747.90 Minutes - 24 hours

Ways to receive money in Madagascar with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
$105.001 USD = 4448.2497 MGA
Ar 31,137,747.90You pay$7,105.00
Cash pickupMinutes - 24 hours
$105.001 USD = 4430.7804 MGA
Ar 31,015,462.80You pay$7,105.00
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee $210.00 1 USD = 4448.2497 MGA +2.49% vs mid-market Recipient gets Ar 31,137,747.90 Minutes - 24 hours

Ways to receive money in Madagascar with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Mobile walletMinutes - 24 hoursAvailable via:Select Wallets
$210.001 USD = 4448.2497 MGA
Ar 31,137,747.90You pay$7,210.00
Cash pickupMinutes - 24 hours
$179.991 USD = 4430.7804 MGA
Ar 31,015,462.80You pay$7,179.99

Xe

Pay via Bank transfer
Fee $0.00 1 USD = 4435.2982 MGA +2.78% vs mid-market Recipient gets Ar 31,047,087.40 Minutes - 24 hours
Recommended
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Madagascar with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 USD = 4435.2982 MGA
Ar 31,047,087.40You pay$7,000.00

Xe

Pay via Debit card
Fee $35.00 1 USD = 4435.2982 MGA +2.78% vs mid-market Recipient gets Ar 30,891,851.96 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Madagascar with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
$35.001 USD = 4435.2982 MGA
Ar 30,891,851.96You pay$7,000.00
Only available via Mobile App

Sendwave

Pay via Debit card
Fee $0.00 1 USD = 4393.2516 MGA +3.73% vs mid-market Recipient gets Ar 30,752,761.06 Minutes - 3 days
Receive to bank account or cash pickup

Ways to receive money in Madagascar with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyMinutes - 3 days
Free1 USD = 4393.2516 MGA
Ar 30,752,761.06You pay$7,000.00

TapTap Send

Pay via Debit card
Fee $0.00 1 USD = 4348.0000 MGA +4.77% vs mid-market Recipient gets Ar 30,436,000.00 Minutes
Fastest
Receive to bank account

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 = 4348.0000 MGA
Ar 30,436,000.00You pay$7,000.00
Cash pickupMinutesAvailable via:Paositra Cash Pickup
Free1 USD = 4348.0000 MGA
Ar 30,436,000.00You pay$7,000.00

Xe

Pay via Credit card
Fee $210.00 1 USD = 4435.2982 MGA +2.78% vs mid-market Recipient gets Ar 30,115,674.78 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in Madagascar with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
$210.001 USD = 4435.2982 MGA
Ar 30,115,674.78You pay$7,000.00
How Our Results Work
Mid-market rate: 1 USD = 4560.4509 MGA Updates every 60 minutes.

How to send money from US to Madagascar

Pick a company

If you're sending a one-off transfer, then Regency FX is the best option.

Regency FX was the cheapest on 13 of the 30 days it quoted $7,000 transfers to Madagascar.

For recurring transfers, I'd suggest using an app or a multi-currency account with MoneyGram.

For large transfers, 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.

Pay for it

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).

Check and send

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.

Compare amounts

How much USD are you sending to Madagascar?

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.

Our analysis shows Regency FX was the cheapest in 34% of the transfers from $5,000 it quoted, and in 34% of all the transfers it quoted.

Cheapest service
$5000.50%$7.19Ar 2,268,743.40with cash deposit to cash pickup+Ar 64,744.06
$2,0000.50%$20.79Ar 9,074,973.60with cash deposit to cash pickup+Ar 333,742.11
$5,0000.50%$0.00Ar 22,688,243.33with bank transfer to bank deposit+Ar 666,047.20
$7,000This page0.27%$0.00Ar 31,836,963.92with bank transfer to bank deposit+Ar 744,279.28
$10,0000.27%$0.00Ar 45,481,377.04with bank transfer to bank deposit+Ar 1,063,256.12
$50,0000.25%$0.00Ar 227,452,489.68with bank transfer to bank deposit+Ar 5,114,522.06
$100,0000.20%$0.00Ar 455,133,001.92with bank transfer to bank deposit+Ar 10,434,264.43
$250,0000.20%$0.00Ar 1,137,832,504.79with bank transfer to bank deposit+Ar 26,085,661.08

Mid-market rate: 1 USD = 4560.4509 MGA

USD/MGA Exchange Rate History

Is today a good time to send money from US to Madagascar?

The cheapest way to send USD to MGA can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 USD transfers to Madagascar.

MGA received for $7,000, after fees

Wed, Oct 28, 2026Mid-market rateAr 31,923,156.45 Regency FX Ar 31,836,963.92Regency FXAr 31,836,963.92OFXAr 31,763,540.66MoneyGramAr 31,762,407.60

30.0M
30.5M
31.0M
31.5M
32.0M
32.5M
At the mid-market rateWith the cheapest optionRegency FXOFXMoneyGram
Exchange rateFeeRecipient getsDifference
Mid-market rate 4389.4842 – Ar 30,726,389.69
Regency FX Cheapest 4377.6326 $0.00 Ar 30,643,428.44 −Ar 82,961.25
OFX 4367.5368 $0.00 Ar 30,572,757.75 −Ar 153,631.94
MoneyGram 4362.0291 $60.79 Ar 30,534,203.70 −Ar 192,185.99
Exchange rateFeeRecipient getsDifference
Mid-market rate 4400.0003 – Ar 30,800,002.21
Regency FX Cheapest 4388.1203 $0.00 Ar 30,716,842.20 −Ar 83,160.01
OFX 4378.0003 $0.00 Ar 30,646,002.19 −Ar 154,000.02
MoneyGram 4368.8898 $60.79 Ar 30,582,228.60 −Ar 217,773.61
Exchange rateFeeRecipient getsDifference
Mid-market rate 4425.0001 – Ar 30,975,000.66
Regency FX Cheapest 4413.0526 $0.00 Ar 30,891,368.16 −Ar 83,632.50
OFX 4402.8751 $0.00 Ar 30,820,125.65 −Ar 154,875.01
MoneyGram 4381.7796 $60.79 Ar 30,672,457.20 −Ar 302,543.46
Exchange rateFeeRecipient getsDifference
Mid-market rate 4429.0003 – Ar 31,003,001.81
Regency FX Cheapest 4417.0420 $0.00 Ar 30,919,293.70 −Ar 83,708.11
OFX 4406.8553 $0.00 Ar 30,847,986.80 −Ar 155,015.01
MoneyGram 4389.9174 $60.79 Ar 30,729,421.80 −Ar 273,580.01
Exchange rateFeeRecipient getsDifference
Mid-market rate 4430.0003 – Ar 31,010,002.43
Regency FX Cheapest 4418.0393 $0.00 Ar 30,926,275.42 −Ar 83,727.01
OFX 4407.8503 $0.00 Ar 30,854,952.42 −Ar 155,050.01
MoneyGram 4401.5598 $60.79 Ar 30,810,918.60 −Ar 199,083.83
Exchange rateFeeRecipient getsDifference
Mid-market rate 4408.7215 – Ar 30,861,050.67
MoneyGram Cheapest 4401.5598 $60.79 Ar 30,810,918.60 −Ar 50,132.07
Regency FX 4396.8180 $0.00 Ar 30,777,725.83 −Ar 83,324.84
OFX 4386.6779 $0.00 Ar 30,706,745.41 −Ar 154,305.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 4415.1720 – Ar 30,906,204.28
Regency FX Cheapest 4403.2511 $0.00 Ar 30,822,757.53 −Ar 83,446.75
MoneyGram 4401.5598 $60.79 Ar 30,810,918.60 −Ar 95,285.68
OFX 4393.0962 $0.00 Ar 30,751,673.26 −Ar 154,531.02
Exchange rateFeeRecipient getsDifference
Mid-market rate 4431.0593 – Ar 31,017,415.05
Regency FX Cheapest 4419.0954 $0.00 Ar 30,933,668.03 −Ar 83,747.02
MoneyGram 4414.5486 $60.79 Ar 30,901,840.20 −Ar 115,574.85
OFX 4408.9040 $0.00 Ar 30,862,327.98 −Ar 155,087.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 4427.2766 – Ar 30,990,936.53
MoneyGram Cheapest 4420.8747 $60.79 Ar 30,946,122.90 −Ar 44,813.63
Regency FX 4415.3230 $0.00 Ar 30,907,261.00 −Ar 83,675.53
OFX 4405.1403 $0.00 Ar 30,835,981.85 −Ar 154,954.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 4456.0136 – Ar 31,192,095.26
Regency FX Cheapest 4443.9824 $0.00 Ar 31,107,876.61 −Ar 84,218.65
MoneyGram 4437.8631 $60.79 Ar 31,065,041.70 −Ar 127,053.56
OFX 4433.7335 $0.00 Ar 31,036,134.79 −Ar 155,960.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 4451.4763 – Ar 31,160,334.26
MoneyGram Cheapest 4450.6836 $60.79 Ar 31,154,785.20 −Ar 5,549.06
Regency FX 4439.4573 $0.00 Ar 31,076,201.36 −Ar 84,132.90
OFX 4429.2189 $0.00 Ar 31,004,532.59 −Ar 155,801.67
Exchange rateFeeRecipient getsDifference
Mid-market rate 4459.5137 – Ar 31,216,596.03
MoneyGram Cheapest 4469.3748 $60.79 Ar 31,285,623.60 +Ar 69,027.57
Regency FX 4447.4730 $0.00 Ar 31,132,311.22 −Ar 84,284.81
OFX 4437.2161 $0.00 Ar 31,060,513.05 −Ar 156,082.98
Exchange rateFeeRecipient getsDifference
Mid-market rate 4459.5137 – Ar 31,216,596.03
MoneyGram Cheapest 4469.3748 $60.79 Ar 31,285,623.60 +Ar 69,027.57
Regency FX 4447.4730 $0.00 Ar 31,132,311.22 −Ar 84,284.81
OFX 4437.2161 $0.00 Ar 31,060,513.05 −Ar 156,082.98
Exchange rateFeeRecipient getsDifference
Mid-market rate 4456.4321 – Ar 31,195,024.63
MoneyGram Cheapest 4469.3748 $60.79 Ar 31,285,623.60 +Ar 90,598.97
Regency FX 4444.3997 $0.00 Ar 31,110,798.06 −Ar 84,226.57
OFX 4434.1499 $0.00 Ar 31,039,049.51 −Ar 155,975.12
Exchange rateFeeRecipient getsDifference
Mid-market rate 4518.9994 – Ar 31,632,995.95
Regency FX Cheapest 4506.7981 $0.00 Ar 31,547,586.86 −Ar 85,409.09
OFX 4496.4044 $0.00 Ar 31,474,830.97 −Ar 158,164.98
MoneyGram 4480.3143 $60.79 Ar 31,362,200.10 −Ar 270,795.85
Exchange rateFeeRecipient getsDifference
Mid-market rate 4506.3535 – Ar 31,544,474.58
Regency FX Cheapest 4494.1864 $0.00 Ar 31,459,304.50 −Ar 85,170.08
MoneyGram 4491.1251 $60.79 Ar 31,437,875.70 −Ar 106,598.88
OFX 4483.8217 $0.00 Ar 31,386,752.21 −Ar 157,722.37
Exchange rateFeeRecipient getsDifference
Mid-market rate 4544.9996 – Ar 31,814,997.52
Regency FX Cheapest 4532.7281 $0.00 Ar 31,729,097.03 −Ar 85,900.49
OFX 4522.2746 $0.00 Ar 31,655,922.53 −Ar 159,074.99
MoneyGram 4498.3026 $60.79 Ar 31,488,118.20 −Ar 326,879.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 4504.8138 – Ar 31,533,696.92
MoneyGram Cheapest 4505.4900 $60.79 Ar 31,538,430.00 +Ar 4,733.09
Regency FX 4492.6508 $0.00 Ar 31,448,555.93 −Ar 85,140.98
OFX 4482.2898 $0.00 Ar 31,376,028.43 −Ar 157,668.48
Exchange rateFeeRecipient getsDifference
Mid-market rate 4507.4056 – Ar 31,551,839.17
MoneyGram Cheapest 4515.9939 $60.79 Ar 31,611,957.30 +Ar 60,118.13
Regency FX 4495.2356 $0.00 Ar 31,466,649.20 −Ar 85,189.97
OFX 4484.8686 $0.00 Ar 31,394,079.97 −Ar 157,759.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 4507.4056 – Ar 31,551,839.17
MoneyGram Cheapest 4515.9939 $60.79 Ar 31,611,957.30 +Ar 60,118.13
Regency FX 4495.2356 $0.00 Ar 31,466,649.20 −Ar 85,189.97
OFX 4484.8686 $0.00 Ar 31,394,079.97 −Ar 157,759.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 4515.6604 – Ar 31,609,623.07
MoneyGram Cheapest 4515.9939 $60.79 Ar 31,611,957.30 +Ar 2,334.23
Regency FX 4503.4682 $0.00 Ar 31,524,277.09 −Ar 85,345.98
OFX 4493.0821 $0.00 Ar 31,451,574.96 −Ar 158,048.11
Exchange rateFeeRecipient getsDifference
Mid-market rate 4549.9995 – Ar 31,849,996.35
Regency FX Cheapest 4537.7145 $0.00 Ar 31,764,001.36 −Ar 85,994.99
OFX 4527.2495 $0.00 Ar 31,690,746.37 −Ar 159,249.98
MoneyGram 4525.0623 $60.79 Ar 31,675,436.10 −Ar 174,560.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 4542.1552 – Ar 31,795,086.46
MoneyGram Cheapest 4532.7744 $60.79 Ar 31,729,420.80 −Ar 65,665.66
Regency FX 4529.8914 $0.00 Ar 31,709,239.72 −Ar 85,846.74
OFX 4519.4444 $0.00 Ar 31,636,111.02 −Ar 158,975.44
Exchange rateFeeRecipient getsDifference
Mid-market rate 4519.7589 – Ar 31,638,312.45
MoneyGram Cheapest 4538.8530 $60.79 Ar 31,771,971.00 +Ar 133,658.55
Regency FX 4507.5556 $0.00 Ar 31,552,889.01 −Ar 85,423.44
OFX 4497.1601 $0.00 Ar 31,480,120.89 −Ar 158,191.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 4532.3279 – Ar 31,726,295.52
MoneyGram Cheapest 4539.7737 $60.79 Ar 31,778,415.90 +Ar 52,120.38
Regency FX 4520.0906 $0.00 Ar 31,640,634.53 −Ar 85,660.99
OFX 4509.6663 $0.00 Ar 31,567,664.05 −Ar 158,631.47
Exchange rateFeeRecipient getsDifference
Mid-market rate 4519.1235 – Ar 31,633,864.42
MoneyGram Cheapest 4541.0310 $60.79 Ar 31,787,217.00 +Ar 153,352.58
Regency FX 4506.9219 $0.00 Ar 31,548,452.98 −Ar 85,411.44
OFX 4496.5279 $0.00 Ar 31,475,695.09 −Ar 158,169.33
Exchange rateFeeRecipient getsDifference
Mid-market rate 4519.1235 – Ar 31,633,864.42
MoneyGram Cheapest 4541.0310 $60.79 Ar 31,787,217.00 +Ar 153,352.58
Regency FX 4506.9219 $0.00 Ar 31,548,452.98 −Ar 85,411.44
OFX 4496.5279 $0.00 Ar 31,475,695.09 −Ar 158,169.33
Exchange rateFeeRecipient getsDifference
Mid-market rate 4512.5179 – Ar 31,587,625.56
MoneyGram Cheapest 4541.0310 $60.79 Ar 31,787,217.00 +Ar 199,591.44
Regency FX 4500.3341 $0.00 Ar 31,502,338.97 −Ar 85,286.59
OFX 4489.9553 $0.00 Ar 31,429,687.43 −Ar 157,938.13
Exchange rateFeeRecipient getsDifference
Mid-market rate 4551.5790 – Ar 31,861,053.29
MoneyGram Cheapest 4541.0310 $60.79 Ar 31,787,217.00 −Ar 73,836.29
Regency FX 4539.2898 $0.00 Ar 31,775,028.45 −Ar 86,024.84
OFX 4528.8211 $0.00 Ar 31,701,748.03 −Ar 159,305.26
Exchange rateFeeRecipient getsDifference
Mid-market rate 4560.4509 – Ar 31,923,156.45
Regency FX Cheapest 4548.1377 $0.00 Ar 31,836,963.92 −Ar 86,192.53
OFX 4537.6487 $0.00 Ar 31,763,540.66 −Ar 159,615.79
MoneyGram 4537.4868 $60.79 Ar 31,762,407.60 −Ar 160,748.85

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

Understanding USD/MGA exchange rate

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more MGA per USD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 12 of the last 30 days.

Right now, Regency FX pays 31,836,963.92 MGA on 7,000 USD, which is 86,192.53 MGA less than the mid-market amount.

Today's payout is the highest in the past month.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Madagascar.

We've tracked 207 comparisons to check how often today's top companies were the cheapest across 8 amounts over the past month.

  1. Regency FXAppeared in 117 comparisons

    Cheapest in 34% of them

  2. OFXAppeared in 207 comparisons

    Cheapest in 9% of them

  3. MoneyGramAppeared in 207 comparisons

    Cheapest in 69% of them

Based on 207 comparisons across 8 amounts over the last 30 days.

Is the cheapest money transfer company always the best?

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest and gets you the most MGA, but it was the cheapest in only 34% of the 117 comparisons it appeared in over the past month.

OFX (today's second cheapest) was the cheapest in only 9% of its comparisons, so it's rarely the cheapest option for transfers to Madagascar.

If it's a one-off transfer, go with Regency FX, since it's the cheapest right now.

Ways to send money from the US to Madagascar

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

Money transfer apps

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 0.5% markup, saves your recipient's details for next time, and MGA arrives in minutes - 24 hours.

Over the past month, MoneyGram was the cheapest app on 100% of the days it appeared for $7,000 transfers.

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

Cash & in-person transfers

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 31,762,407.6 MGA in minutes - 24 hours.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).

For one-off transfers

Online 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 31,762,407.6 MGA after a $60.79 fee and 0.5% markup.

In our comparisons over the past month, it was the cheapest online service on 30 of the 30 days it quoted.

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

Currency brokers

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.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from $5,000 it quoted.

Business payments from the US

Global accounts

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.

Ways to fund USD and receive MGA in Madagascar

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 31,836,963.92 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 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 the nearest MoneyGram branch and hand over $7,000.

MoneyGram is the cheapest option and will get you 31,762,407.6 MGA on a $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.

  1. 1
    Bank transfer Bank deposit

    You pay $7,000.00

    Ar31,836,964

    Cheapest

  2. 2
    Cash deposit Cash pickup

    You pay $7,060.79

    Ar31,762,408

    -Ar74,556

  3. 3
    Bank transfer Mobile wallet

    You pay $7,105.00

    Ar31,137,748

    -Ar699,216

  4. 4
    Debit card Mobile wallet

    You pay $7,001.49

    Ar31,137,748

    -Ar699,216

  5. 5
    Credit card Mobile wallet

    You pay $7,210.00

    Ar31,137,748

    -Ar699,216

Show moreShow less
  1. 6
    Bank transfer Cash pickup

    You pay $7,105.00

    Ar31,015,463

    -Ar821,501

  2. 7
    Debit card Cash pickup

    You pay $7,075.99

    Ar31,015,463

    -Ar821,501

  3. 8
    Credit card Cash pickup

    You pay $7,179.99

    Ar31,015,463

    -Ar821,501

  4. 9
    Debit card Bank deposit

    You pay $7,000.00

    Ar30,891,852

    -Ar945,112

  5. 10
    Debit card Mobile money

    You pay $7,000.00

    Ar30,752,761

    -Ar1,084,203

  6. 11
    Credit card Bank deposit

    You pay $7,000.00

    Ar30,115,675

    -Ar1,721,289

Things to consider before sending USD to Madagascar

The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.

Find the right USD/MGA company

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 31,836,963.92 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 30,436,000 MGA, with the money arriving in minutes.

Cash-funded transfers now carry a 1% tax

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.

The $10,000 rule is not a transfer limit

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.

You normally have 30 minutes to cancel

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.

The CFPB explains the cancellation and error process.

Need to send a large amount of USD to Madagascar?

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.

Read Review

How we analyze the market

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. In the past 30 days alone, we analyzed 207 comparisons across 8 amounts.

This page covers the cheapest and fastest options for USD/MGA transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

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.