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Best Ways to Send Money to Somalia

Enjoy fast transfers, low fees, great exchange rates, and helpful service when you send money to Somalia.

Read on for quick reviews, expert tips, and everything you need to transfer money to Somalia.

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

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

Compare rates and fees for sending money to Somalia

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

What’s the Fastest Way to Send Money Online to Somalia?

The fastest way to send funds to Somalia is through WorldRemit. With WorldRemit your money can reach its Somali destination in a matter of minutes. This may not always be the case as WorldRemit is present in over 120 countries. Regardless, WorldRemit is a fast money transfer service that is a generally great option for sending money online to Somalia

What’s the Cheapest Way to Transfer Money to Somalia?

The cheapest way to transfer funds online to Somalia is a bank transfer with WorldRemit through SWIFT/BIC codes. WorldRemit always offers highly competitive prices and Somalia is no exception.

What’s the Easiest Way to Send Funds to Somalia?

The easiest way to transfer money online to Somalia is through WorldRemit with SWIFT/BIC codes. While WorldRemit doesn’t have their normal service available in Somalia, sending money to a bank through the service is quite easy. Finding the SWIFT/BIC code should be very straightforward for the recipient, and once the WorldRemit account is set up properly, sending money online to Somalia is easy.

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

The overall best way to send funds online to Somalia is through a WorldRemit assisted bank transfer. The WorldRemit platform makes it easy to send cash online to a Somali bank account. Their rates are very fair and the ease of use is exceptional. When it comes to speed, WorldRemit makes a competitive offer, but bank transfers make waiting times less predictable. For these reasons, WorldRemit bank transfers are the best way to send money.

The USD to SOS exchange rate

Mid-market Rate
1
= 571.503814 SOS
Mid-market rate at: 15:52 UTC
USD/SOS Median: 571.509190 Low: 571.495760 High: 571.557510
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Want to Send Money Somewhere Else?

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Send Money to and From Somalia With These Guides

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Frequently Asked Questions About Somalia Money Transfers

What is the currency of Somalia?
What currency regulations should I be aware of in Somalia?
What is the most popular reason for sending money to Somalia?
What is the most popular way of sending remittances to Somalia?
How much money can I send online to Somalia?

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