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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
Overall best way: Wise
We tested & reviewed 4 transfer providers, and Wise scored highly.
In the last six months, Wise appeared in 100% of United States to Somalia searches, and was the top rated company supporting payments the United States into Somali Shilling.
So for a great mix of cost, speed & features, make your United States to Somalia transfer using Wise.
How to compare deals on your United States to Somalia transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from the United States to Somalia.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Somalia from the United States.
Summary of recent searches
Considerations for sending money from United States to Somalia
Always compare ways to send money from the United States to Somalia to get the best options for fees, speed, and reliability.
Our analysis included 4 providers that operate between United States and Somalia.
Through this, you get a comprehensive view of all the options you have in the United States when you need to send money to Somalia.
Cheapest way to send money to Somalia from the United States: Wise
They offer an average fee of 6.16* USD and exchange rate between USD-SOS that is 0% different to the mid-market rate.
In comparison, Wise is -0.7% cheaper than the second-best option.
To secure affordable and great rates on a USD to Somalia transfer, Wise is our recommended choice.
*The most common fee applied to USD-SOS by Wise, based on data from the past six months.
Fastest money transfers from United States to Somalia: Ria Money Transfer.
Through our comparison, we found Ria Money Transfer to be the fastest option to transfer money from the United States to Somali Shilling in 40% of instances.
Over the last six months, sending money from the United States to Somalia through Ria Money Transfer have an average fee of 4 USD.
Ria Money Transfer was one of 4 money transfer providers we compared for overall speed of sending money from the United States to Somalia. This speed test included depositing US Dollars to an account and the average timeframe for sending money to Somalia.
When fast transfers are a priority, Ria Money Transfer is our best choice for sending from United States to Somalia.
Send large sums of money
From the 4 options we compared, Wise offers the strongest all round option for large transfers to Somalia from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Somali Shillings to Somali Shilling.
As such, we recommend Wise for large transfers between Somalia and the United States.
Understanding the costs involved when moving money from United States to Somalia
The total cost of money transfers to Somalia from the United States, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for USD-SOS is 571.6428 SOS per US Dollar.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Somali Shilling for your US Dollars.
On average for the last three months, the USD-SOS mid-market rate has been 571.4998 SOS per US Dollar. This hit a high of 573.2303, and a low of 570.7853.
From the 4 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting USD to SOS.
Fees: Some money transfers between the United States and Somalia will be subject to fees. Wise has had an average fee of 6.16 USD per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Somali Shilling eventually received in Somalia.
This number should guide you, as a higher amount of money received in Somalia means a better overall cost of sending money from the United States.
Finding the best exchange rate for US Dollar to Somali Shilling
Timing is essential for sending money between USD and SOS. The exchange rate you secure impacts how much SOS you get for your USD.
Over the last six months, here’s what we’ve seen:
The exchange rate from USD to SOS averaged 571.4998 SOS.
The highest value recorded was 573.2303 SOS, while the lowest was 570.7853 SOS.
There are currently 4 providers offering transfers between the United States and Somalia close to this rate
Want to secure the best USD-Somali Shilling exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United States to Somalia!
Payment methods for United States to Somalia transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from the United States to Somalia.
By opting for a money transfer company such as Wise for transfers from the United States to Somalia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 4 we tested when sending USD to Somalia.
With an average fee of USD15.84 to send money from the United States to Somalia, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from the United States to Somalia is easy with Wise.
Wise is a market leader in debit card payments for transfers from the United States to Somalia, this is among a total of 4 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from the United States to Somalia, emerges as our top choice of the 4 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Somalia and United States.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United States to Somalia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to SOS.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
