It has never been easier, more secure and more cost-effective to send money to Zimbabwe from the United Kingdom.
How To Send Money to Zimbabwe from the UK
There are many Zimbabweans living in the UK who are first-generation immigrants. In the 2001 UK Census, a total of 49,524 people residing in the UK were Zimbabwe-born. In recent statistics from the Office for National Statistics, there were 128,000 UK residents who had born in Zimbabwe. For this reason, there is a reasonably high demand for financial services to support transactions between the two countries.
Methods to Send Money to Zimbabwe from the UK
Sending Money to Zimbabwe via Online Money Transfer
There are many online services available for transferring funds to Zimbabwe. These tend to offer the best exchange rates. WorldRemit and MoneyGram are known for offering fast solutions at competitive rates.
Sending Money to Zimbabwe via PayPal
PayPal transfers to Zimbabwe are supported by the service Xoom. Although this is a convenient money-sending option, it does not always offer the best rates. Xoom makes money through the currency conversion rate and also charge a transaction fee.
Sending Money to Zimbabwe via Bank Transfer
Sending money to Zimbabwe directly via a bank transfer from a UK bank account is not generally advisable as it works out as more expensive. This is due to the comparatively low exchange rates offered. You will also need to pay a transfer charge which can often be expensive.
Sending Money to Zimbabwe via Western Union
Western Union is one of the most widely-used methods for international transfers. They offer the option of sending money online, via mobile payment or in person. The recipient can, in turn, receive the money directly into their bank account or can collect the cash from one of 1,500 collection points across Zimbabwe.
Can I Send Money to Zimbabwe via Cryptocurrency?
Cryptocurrency, although widely employed in many countries, is not supported in Zimbabwe.
Cryptocurrency is currently unsupported in Zimbabwe but you can send money via Western Union for low cost
Can You Send Money to Zimbabwe For Free?
Money transfer services are never completely free as they always involve some form of transaction fee or exchange rate. That being said, there are many cost-effective solutions available. Western Union offers one of the best exchange rates on the market with a transfer fee of roughly 2.90 GBP per £100 sent. WorldRemit allows transfers from 0.95 GBP per transaction at competitive market rates.
How Long Does It Take to Send Money to Zimbabwe?
Depending on the service provider that you choose to transfer money to Zimbabwe, funds can arrive into the specified account rapidly. WorldRemit offers instantaneous transactions. Western Union is also one of the quickest options available. Bank transfers are typically longer, taking around 1-3 business days.
What Do You Need to Send Money to Zimbabwe?
For any online payments, you will need all relevant login details and possibly a card reader. Bank transfers offer require a form of photo ID a recent utility bill or proof of address and a payment method (debit or credit card).
Is it Safe to Send Money to Zimbabwe from the UK?
As with any online transaction, you should adopt caution when sending money abroad. Make sure to look out for FCA approval as this means that the accounts are safeguarded. With any legitimate company, their FCA details should be readily available on their website. As with any online payment, be extremely careful with any personal security and sharing any confidential information such as passwords. This is especially true for phone and email correspondence where you should look out for suspicious activity.