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Send Money To Somalia

Sending money to Somalia carries far more challenges than the typical money transfer destination. This doesn’t mean that it’s a very difficult task, but there are fewer money transfer options available. The options that are available often have far fewer locations in Somalia.

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United Kingdom
GBP
Somalia
SOS
£
GBP
Read time
3 minutes
Last updated
3rd Feb 2023

How to send money to Somalia

If you’re looking to send money to Somalia, here’s how you can get started:

Step 1
Find a trusted provider

Use our comparison table to compare providers so you can see who offers the best all-round service

Step 2
Register your details

Once you’ve chosen your provider, enter a few details and you’ll be signed up in minutes

Step 3
Transfer money

When you’re registered, you’ll be able to start sending money to Somalia as soon as you’re ready

What ways can I send and receive money in Somalia?

You’ll be able to make a money transfer to or from Somalia in the following ways.

Sending money
Receiving money

Ways to send money to Somalia

You can send money to Somalia by:

  1. Money transfer provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct wire transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International money order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Current Exchange Rates For Somalia

The current exchange rate for the Somali Shilling (SOS) is 568.999454 SOS per American Dollar (USD) as of today. The SOS reached a high of 579.9997 SOS per USD and a low of 566.0005 SOS per USD during the last 90 days. The average exchange rate for the SOS was 568.7654 SOS per USD for the last 90 days.

The SOS had an average volatility rate of 0.22% against the USD for the last 90 days. This is a normal volatility rate, and the SOS has been fairly stable for much of the last year. You can reasonably expect only minor fluctuations to continue going forward, barring any unforeseen circumstances.

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.

Want to send money somewhere else?

Send money to Africa with our money transfer guides

Jonathan Merry
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
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United Kingdom
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£
GBP