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 cash pick-up when arranging a money transfer from Guinea to Mali.
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 Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using when transferring GNF to XOF.
This means that by using 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 for any reason, our comparison engine has found also to be very good options when sending GNF – XOF.
This recommendation was updated one minute ago.
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
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.
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.
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Mali.
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.
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 .
Before sending money to Mali from Guinea, you should consider the following:
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:
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:
If your recipient is going to collect or have the money delivered to them in Mali, then they will usually need the following:
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.