Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's DZD to XOF (Algerian Dinar to CFA Franc BCEAO) exchange rates

Algeria
Benin
DZD

Interbank Exchange Rate: 1 DZD = 4.2820 XOF
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Algerian Dinar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Algeria to Benin. Send money overseas to your loved ones by comparing Algerian Dinar (DZD) to CFA Franc BCEAO (XOF) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Algeria.

Were you looking to send money from Benin to Algeria instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest DZD to XOF Conversion Rates

Here are some latest DZD to XOF (Algerian Dinar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 DZD4.28 XOF
5 DZD21.41 XOF
10 DZD42.82 XOF
25 DZD107.05 XOF
50 DZD214.10 XOF
100 DZD428.20 XOF
150 DZD642.30 XOF
200 DZD856.40 XOF
250 DZD1,070.50 XOF
300 DZD1,284.60 XOF
400 DZD1,712.80 XOF
500 DZD2,141.00 XOF
600 DZD2,569.20 XOF
700 DZD2,997.40 XOF
800 DZD3,425.60 XOF
1,000 DZD4,282.00 XOF
1,500 DZD6,423.00 XOF
2,000 DZD8,564.00 XOF
2,500 DZD10,705.00 XOF
3,000 DZD12,846.00 XOF
4,000 DZD17,128.00 XOF
5,000 DZD21,410.00 XOF
10,000 DZD42,820.00 XOF
15,000 DZD64,230.00 XOF
20,000 DZD85,640.00 XOF
30,000 DZD128,460.00 XOF
40,000 DZD171,280.00 XOF
50,000 DZD214,100.00 XOF
100,000 DZD428,200.00 XOF

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Algeria to Benin money transfers?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Algeria to Benin. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Algerian Dinar to XOF.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send DZD to XOF in Benin. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Benin from Algeria. We provide you with maximum choices to send money to Benin by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for your money transfers from Algeria to Benin?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your DZD to CFA Franc BCEAO money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Algeria to Benin. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for DZD to XOF remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money to Benin from Algeria?

Finding the cheapest way to send money from Algeria to Benin might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer DZD to XOF via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Algeria to Benin exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Algeria to Benin through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Algeria to Benin money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like DZD to XOF transfers.

Given this, there are umpteen additional options to send money to Benin instead of just your Algeria bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Algerian Dinar even more so that your recipient in Benin gets the maximum amount.


What is the fastest way to transfer money from Algeria to Benin?

The speed of your Algerian Dinar to CFA Franc BCEAO funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert DZD to XOF. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Benin from Algeria is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Benin if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout XOF into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Algeria bank to Benin bank transfer.


Which are the best money transfer companies to transfer money from Algeria to Benin?

Since the Algerian Dinar to CFA Franc BCEAO money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Algeria that may also be able to send money to Benin. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your DZD to XOF money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Benin gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Algeria to Benin transaction.


Step by step guide to send money to Benin from Algeria

The first step to send money to Benin from Algeria is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your DZD to XOF overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Benin if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Algeria bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Benin!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Algeria to Benin.