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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."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"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."
Best choice: Payoneer
We tested & reviewed dozens of money transfer providers, and Payoneer scored highly.
Payoneer appeared in 50% of Somalia to the United States searches in the last 6 months, and was the top rated company out of 3 that support SOS to USD.
So for a great blend of cost, speed & features, make your Somalia to the United States transfer using Payoneer.
How to get the best deal on sending money from Somalia to United States
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Somalia to the United States.
- Choose a provider
Select the provider that offers you the best value on buying USD & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Get the most from sending money from Somalia to United States
Comparing providers offering services between Somalia 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 SOS-USD market and have compared 3 providers offering services between Somalia and the United States.
This ensures you will get the most comprehensive options for sending Somali Shilling to the United States.
Whilst we rate Payoneer as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Somalia to the United States transfer needs.
Cheapest way to send money from Somalia to the United States: Sokin
On average, Sokin fees were 0* SOS per transfer and customers would expect an exchange rate between SOS-USD that is 0.5% different to the mid-market rate
Against the others tested, Sokin is 0.2% cheaper than the second-best option.
To secure a cheap way to transfer SOS to the United States, Sokin is our recommendation.
*The most common fee applied to SOS-USD by Sokin, based on data from the past six months.
Fastest money transfers to the United States from Somalia: Wise.
Through our comparison, we found Wise to be the fastest option for sending Somali Shilling to US Dollar 100% of the time. For fast transfers between SOS and USD, Wise is a great option.
When sending money from Somalia to the United States, Wise has an average fee of 13.59 SOS. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 3 money transfer providers offering Somalia to the United States transfers for overall speed. This included transfer times to after depositing Somali Shilling to a money transfer account.
When you want the fastest way to send, Wise is our recommended choice for Somalia to the United States transfers.
Transfer a large amount of money
Payoneer is the best rated company for sending large amounts of US Dollar to the United States out of 3 companies offering the service.
Whether for a property purchase, or for business, sending large amounts of money to the United States from Somalia has the potential to be very expensive.
Payoneer is our choice for big transfers to SOS because of all round price, speed and management when making large transfers.
Understanding the cost of money transfers from Somalia to United States
The total cost of sending money to United States from Somalia is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for SOS-USD is 0.0017 USD per Somali Shilling.
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 Somali Shillings.
Over the last three months, the average SOS-USD mid-market rate has seen each Somali Shilling worth 0.0017 USD. Within this we see a high of 0.0018, and a low of 0.0017.
Of the 3 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 SOS to USD.
Fees: When sending money you may have to pay fees. Instarem has had an average fee of 0 SOS per transfer over the last 6 months, the lowest of the 3 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 Somalia.
Finding the best exchange rate for Somali Shilling to US Dollar
Timing is essential for sending money between SOS and USD. The exchange rate you secure impacts how much USD you get for your SOS.
Over the last six months, here’s what we’ve seen:
The exchange rate from SOS to USD averaged 0.0017 USD.
The highest value recorded was 0.0018 USD, while the lowest was 0.0017 USD.
There are currently 3 providers offering transfers between Somalia and the United States close to this rate
Want to secure the best SOS-US Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Somalia to United States!
Somalia to United States money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from Somalia to the United States.
A money transfer company like Sokin offer bank transfers between Somalia and the United States with lower fees and better exchange rates than you would get from a traditional bank.
On average, Sokin is the cheapest provider for bank transfers of the 3 we tested when sending SOS to the United States.
Sokin has an average fee of
0 SOS for money transfersfrom Somalia to the United States. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Somalia to the United States with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Somalia to the United States, competing among a total of 3 active money transfer companies on this route.
Credit cards
Instarem is our top choice of the 3 companies offering credit card transfers from Somalia to the United States.Fee alert: using a credit card to transfer money can result in a fee being charged by your card issuer as it is considered as a cash advance. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Somalia.
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 Somalia to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SOS to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
