Best ways to send money to Mali from Guinea
🏅 The overall best way to send GNF to Mali: undefined
💲 The cheapest way to send money to Mali from Guinea:
⏲️ The fastest way to send money to Mali from Guinea:
🏦 The best way to send money from Guinea to Mali via a bank transfer:
💳 The best provider for credit card transfers from Guinea to Mali:
💳 The best provider for debit card transfers from Guinea to Mali:
GNF to XOF
Mali, or République du Mali, is a landlocked country in West Africa. Mali is part of one of the two African currencies backed by the French treasury: the West African CFA franc (XOF). Mali joined 8 other independent states in West Africa with the same shared currency, to create the CFA franc zone. When viewed as a collective, the CFA franc zone countries accumulate a vast inflow of personal remittances, with billions of dollars sent to individuals and businesses in West Africa each year.
Despite bouts of political fragility, Mali has maintained a reasonably stable, cash-based economy. In Mali approximately only 35% of the adult population have an active bank account and 24% regularly use the internet. This data suggests it is worth considering alternative options such as mobile airtime top up and sending cash when arranging a money transfer from Guinea to Mali.
Choosing the best service provider
When considering how to send money Mali from Guinea there are some key aspects of the transfer to consider.
The fastest provider is , transfers from this provider normally take [SPEED]. The cheapest provider we found is at undefined% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using undefined when transferring GNF to XOF.
This means that by using undefined for online money transfers to Mali from Guinea, 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 undefined for any reason, our comparison engine has found and also to be very good options when sending GNF - XOF.
This recommendation was updated one minute ago.
The cheapest way to send money from Guinea to Mali
In order to avoid high fees, you should consider the cheapest way to send from Guinea to Mali.
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 Guinea to Mali
The fastest way to send money from Guinea to Mali
When sending money from Guinea to Mali, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, is the fastest way to send GNF - XOF.
What payment methods are available when sending money from Guinea to Mali?
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 Mali from Guinea using credit card
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Mali.
Sending money to Mali from Guinea using a debit card
With you can send money online to Mali 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 Guinea to Mali
Bank and wire transfers are the most common ways of sending money Mali 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 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.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in Mali. If you're unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Mali.
When sending money to Mali from Guinea using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
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 , and .
Considerations for a GNF - XOF Currency Transfer
Before sending money to Mali from Guinea, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Mali 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 GNF - 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 0.0701 and the lowest exchange rate margin is currently offered by undefined at undefined% above the mid market rate.
Hidden fees & charges: Before sending money to Mali, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers undefined, undefined and undefined will give insight here.
How to send money from Guinea to Mali at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send GNF 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 GNF to XOF in Mali?
Your recipient has a few methods available to receive your money in Mali. 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 Mali
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 Mali, then they will usually need the following:
A government issued identification document such as passport or national identity card (Carte nationale d'identité NINA)
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Guinea to Mali?
The amount of XOF you can receive from Guinea 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 Mali or sent from Guinea before making your transfer.
About Money Transfers to Mali from Guinea
We’ve compared the best money transfer providers to send money from Guinea to Mali. The cheapest provider for GNF to XOF transfers is , while the fastest is .
|💰 Most transferred amount||1000XOF +|
|💸 Cheapest provider (on average)|
|⚡ ️Fastest transfer time||In minutes with|
|💱 Currency Transfer Pair||GNF - XOF|
|📈 GNF - XOF mid market rate||0.0701|
|💳 Pay-in options in Guinea||Bank transfer from Guinea with , Debit card with , Credit card with|
|💵 Pay-out options in Mali||Bank accounts in Mali, Debit card|
|🏆 Top 3 GNF - XOF providers||, and|