How to send money to Zambia from US with the best USD-ZMW rate

The exchange rate determines how many USD the recipient will get in Zambia when you send US Dollar.

Today, the average exchange rate between US Dollar and Zambian Kwacha is 22.9199. The company offering the best exchange rate is Revolut.

The USD-ZMW rate fluctuates constantly, so timing your transfer to Zambia can help you save a lot of money.

Sometimes, waiting a day or two can help you get more ZMW for the same amount of USD. You can also opt for a forward contract to lock in rates between the United States and Zambia.

A bank transfer is the most cost effective option for sending money from the United States to Zambia. The company offering the best bank transfer price is Revolut.

This is 1.81% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities to ensure funds are safe when transferring from United States to Zambia.

If you don’t know what the key regulatory bodies for money transfers are between the United States and Zambia, please refer to our directory of financial regulators worldwide.

Some services have limits on how much you can transfer from the United States to Zambia. This applies when receiving money in Zambia as well.

Different companies will offer different rates or lower fees for different transfer amounts.

For example, we recommend using Revolut if you need to send large amounts of USD to Zambia.

This being said, always check with the recipient and understand any declarations needed on large amounts of money leaving the United States, or entering Zambia.

There are different ways to receive money in Zambia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account.

If you (or the recipient) want a direct transfer to your bank account, Revolut is the best money transfer company for bank transfers between United States and Zambia.

And if you need cash right away, check if cash pickup is an option for transfers between United States and Zambia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Revolut.

When you're sending or receiving money between the United States and Zambia, you have to be ready to show some ID.

The exact documents you need might vary. Usually in the United States this will be a government ID like a passport or driver's license. This will be similar if you need to open an account or collect cash in Zambia.

If you're making a big transaction between the United States and Zambia, a provider may ask you for proof of address or may want to know where your money comes from.

Revolut is a great option for sending from the United States as the sign up process is pretty straightforward, even for larger transactions.

When sending large amounts of money between the United States to Zambia there will be tax implications to consider.

Some USD-ZMW transfers may need to be reported to tax authorities, particularly where inheritance or property sales are involved.

Tax limits and personal allowances differ in Zambia based on age, income and a few other elements. When in doubt, please contact a tax professional in United States or Zambia to discuss your personal circumstances.