Find the best ways to transfer money to Suriname

The exchange rate plays a key role in determining how much SRD your recipient in SR will get.

For example, in the past 7 days average rate for USD to SRD was 37.4323 SRD.

Since USD-SRD exchange rates fluctuate with market conditions, waiting a couple of days could result in a better rate, giving your recipient more SRD.

If you need to make an urgent transfer, we recommend using Wise, which consistently offers the best rates for Surinam Dollar transfers.

The most cost-effective way to fund your transfer to Suriname is through a bank transfer with Wise, which is 0.95% cheaper than the second-best service.

The way you fund your transfer to Suriname impacts the cost, speed, and how much SRD the recipient will receive.

Based on our live data for a $7,000 transfer from the US to Suriname, the following are your best options:

• Wise with bank transfer deposit costs $60.74 and has a -1.32% markup.

• Xe with a debit card deposit costs $0 with 3.28% markup.

We advise against using debit card, as they tend to be the most expensive option for SRD transfers.

Credit card transfers may incur cash advance fees and higher interest rates on SRD, and are usually more expensive.

Whenever possible, avoid transfers via the SWIFT network to SR. SWIFT transfers to Suriname are slower and come with higher fees.

Instead, look for a cheaper option such as ACH or account balance.

Money transfer companies often have min and max limits on how much SRD you can send.

The amount you transfer can also affect the fees and the SRD exchange rate you receive. For instance, Wise is the best choice for sending large amounts to Suriname.

Additionally, there may be government-imposed restrictions, commercial limitations, and other factors that influence the amount of SRD you can send.

This is why it’s really important to compare your options when transferring money to Suriname.

The speed of sending Surinam Dollar to Suriname depends on factors like the amount, timing, deposit, and withdrawal method chosen. Typically, faster transfers come with higher fees.

For example, based on a $7,000 transfer to Suriname:

Use Xe for fastest transfers

Of the 4 companies offering SRD transfers, Xe consistently offers the fastest delivery times across all deposit methods.

For bank account & card deposits use Xe

Xe offers fast and affordable Surinam Dollar transfers, with fees of around $0 for bank deposits and $0 for debit card deposits, plus a small 3.28% markup on top of the SRD rate.

For urgent transfers use cash transfer

If you need money urgently, we recommend cash pickup services through providers like Western Union or MoneyGram.

Avoid the SWIFT network

Avoid using SWIFT transfers for SRD transfers. Due to intermediary banks on the way to Suriname, SWIFT is slower and comes with higher fees.

There are a few different ways to move money to Suriname:

Money transfer services

You can transfer money online using an FX broker (managed service) such as OFX or an online-only company (self-managed) such as Wise.

Based on our analysis, Wise stood out as the top money transfer company servicing Suriname.

Mobile apps and e-wallets

Most money transfer services that accept Suriname offer mobile transfer apps, which often have better deals on SRD exchange rates.

You can check our guide on the best money transfer apps to find one that suits your needs.

Cash transfers

Cash transfers to Suriname are sent in person through services like Ria Money Transfers, MoneyGram, or Western Union.

Transferring Surinam Dollar as cash is almost always instant but requires the recipient to visit a nearby agent in Suriname to collect the SRD.

Bank wire transfers

You can transfer Surinam Dollar via your bank.

We strongly recommend not using your bank to wire SRD directly to Suriname due to high fees and slow transfer times.

Instead, use the bank transfer deposit option with Wise and send SRD from there.

There are multiple ways to receive money in Suriname. Picking the right one can save you on fees and speed up the SRD transfer process. Here are your options:

Deposit to the bank account

To deposit money directly into a recipient’s bank account in Suriname, we recommend Wise.

The card transfer will also land in the recipient’s bank account in Suriname. Use Xe to deposit with a debit card at just $0 per transfer.

Cash pickup and delivery

If the recipient in Suriname needs SRD urgently or doesn’t have access to a bank account in Suriname, cash pickup or home delivery are good options.

Mobile and digital wallets

You can receive SRD directly into digital wallets like PayPal, though this often comes with more limitations and costs more compared to services like Wise.

When sending money to a bank account or e-wallet in Suriname, Surinam Dollar will arrive without any involvement from the recipient.

However, if you're sending SRD as cash or transferring large amounts to Suriname, the recipient may need the following:

• Government-issued ID: A national ID of Suriname, a valid passport, or driver's license.

• Sender’s details: The sender's personal details such as full name and address.

• Transfer Details: The amount of SRD being received.

• Confirmation No.: This is usually given at the time of transfer.

• SWIFT Code / IBAN: Occasionally required for bank transfers.

The exact documents required may vary depending on the money transfer company and the transfer method used.

When sending bigger amounts to Suriname, companies may request proof of funds such as bank statements and address verification with the utility bill in line with AML (Anti-Money Laundering) policies.

We recommend using Wise to send large amounts of Surinam Dollar.

There may be tax obligations and government-imposed limits or restrictions on SRD transfers/payments to SR.

Some SRD transfers could be subject to taxes such as gift tax or commercial tax.

Even if no limits or taxes apply, certain SRD transfers (especially large sums of Surinam Dollar) may need to be reported to the tax authorities in Suriname or in your country.

When unsure, it’s best to consult with a tax professional in Suriname or your home country to ensure compliance with the regulations.