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In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Best choice: OFX
We tested & reviewed dozens of money transfer providers, and OFX scored highly.
OFX appeared in 100% of Benin to the United States searches in the last 6 months, and was the top rated company out of 5 that support XOF to USD.
So for a great blend of cost, speed & features, make your Benin to the United States transfer using OFX.
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How to send money from Benin to United States
Get the most from sending money from Benin to United States
Comparing providers offering services between Benin and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire XOF-USD market and have compared 5 providers offering services between Benin and the United States.
This ensures you will get the most comprehensive options for sending CFA Franc BCEAO to the United States.
Whilst we rate OFX as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Benin to the United States transfer needs.
Cheapest way to send money to the United States from Benin: OFX
Data collected through our comparison over the past six months shows that OFX is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* XOF and an exchange rate for buying US Dollar with CFA Franc BCEAO that is -0.57% different to the mid-market rate.
If you want to secure the best rates on a Benin to United States transfer, OFX offers value. We would still recommend searching for the amount you want to send to the United States.
*The most common fee applied to XOF-USD by OFX, based on data from the past six months.
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Fastest money transfers to the United States from Benin: OFX.
Through our comparison, we found OFX to be the fastest option for sending CFA Franc BCEAO to US Dollar 100% of the time. For fast transfers between XOF and USD, OFX is a great option.
When sending money from Benin to the United States, OFX has an average fee of 0 XOF. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 5 money transfer providers offering Benin to the United States transfers for overall speed. This included transfer times to after depositing CFA Franc BCEAO to a money transfer account.
When you want the fastest way to send, OFX is our recommended choice for Benin to the United States transfers.
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Send large sums of money
OFX offers the strongest all round option for large transfers of the 5 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from US Dollar to US Dollar.
As such, opt for OFX for sending large sums of money to the United States from Benin.
Understanding the cost of money transfers from Benin to United States
The total cost of sending money to United States from Benin is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for XOF-USD is 0.0016 USD per CFA Franc BCEAO.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your CFA Franc BCEAOs.
Over the last three months, the average XOF-USD mid-market rate has seen each CFA Franc BCEAO worth 0.0016 USD. Within this we see a high of 0.0017, and a low of 0.0016.
Of the 5 companies compared, OFX offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting XOF to USD.
Fees: When sending money you may have to pay fees. OFX has had an average fee of 0 XOF per transfer over the last 6 months, the lowest of the 5 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from Benin.
Getting best exchange rate for transfers between CFA Franc BCEAO and US Dollar
Timing is essential for transferring money between XOF and USD. The exchange rate you secure impacts how much USD you get for your XOF.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from XOF to USD has moved slightly. On average, it was 0.0016.
During this same period,there was a high of 0.0017, and a low of 0.0016.
OFX, which is our recommended service to send money online from Benin to the United States offers an exchange rate that is only -0.91% above the mid-market rate.
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Paying for your Benin to United States money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Benin.
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 Benin to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send XOF to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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