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

Compare today's XOF to MAD (CFA Franc BCEAO to Moroccan Dirham) exchange rates

Benin
Western Sahara
XOF

Interbank Exchange Rate: 1 XOF = 0.0165 MAD
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 XOF =
16.20 MAD
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0162 MAD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about CFA Franc BCEAO to Moroccan Dirham money transfers

Easily compare money transfer providers in one place to send money from Benin to Western Sahara. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Moroccan Dirham (MAD) 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.

When making a money transfer to Western Sahara from Benin, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Western Sahara and their 1 XOF to MAD exchange rate today is 0.0162.

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 Benin.

Were you looking to send money from Western Sahara to Benin 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 XOF to MAD Conversion Rates

Here are some latest XOF to MAD (CFA Franc BCEAO to Moroccan Dirham) exchange rates for popular conversion amounts*.

1 XOF0.02 MAD
5 XOF0.08 MAD
10 XOF0.17 MAD
25 XOF0.41 MAD
50 XOF0.83 MAD
100 XOF1.65 MAD
150 XOF2.48 MAD
200 XOF3.30 MAD
250 XOF4.13 MAD
300 XOF4.95 MAD
400 XOF6.60 MAD
500 XOF8.25 MAD
600 XOF9.90 MAD
700 XOF11.55 MAD
800 XOF13.20 MAD
1,000 XOF16.50 MAD
1,500 XOF24.75 MAD
2,000 XOF33.00 MAD
2,500 XOF41.25 MAD
3,000 XOF49.50 MAD
4,000 XOF66.00 MAD
5,000 XOF82.50 MAD
10,000 XOF165.00 MAD
15,000 XOF247.50 MAD
20,000 XOF330.00 MAD
30,000 XOF495.00 MAD
40,000 XOF660.00 MAD
50,000 XOF825.00 MAD
100,000 XOF1,650.00 MAD

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


What's the best way to send money from Benin to Western Sahara?

Sending money internationally to Western Sahara from Benin can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your CFA Franc BCEAO to MAD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Western Sahara. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Moroccan Dirham.


How to get the best remit rate for transferring money from Benin to Western Sahara?

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Western Sahara from Benin. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

One way you could eliminate the manual work to search and compare providers for your XOF to Moroccan Dirham money transfers is by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various remittance companies, and send you all the info you need.

We are also constantly adding new partners for the Benin to Western Sahara corridor to give you more good choices for your next MAD money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way to transfer money from Benin to Western Sahara?

One of the most important things to watch out for is hidden fees when sending money to Western Sahara from Benin. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Western Sahara using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Moroccan Dirham foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best XOF to Western Sahara exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Western Sahara from Benin.


How to send money to Western Sahara from 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 Benin to Western Sahara 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 XOF to MAD transfers.

Given this, there are umpteen additional options to send money to Western Sahara instead of just your Benin 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 CFA Franc BCEAO even more so that your recipient in Western Sahara gets the maximum amount.


What is the fastest way to transfer money from Benin to Western Sahara?

If you need to convert XOF to MAD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Benin to Western Sahara could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your CFA Franc BCEAO to Moroccan Dirham funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Western Sahara.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Benin to Western Sahara. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money to Western Sahara from Benin?

Benin to Western Sahara money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Western Sahara as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best CFA Franc BCEAO to Moroccan Dirham money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Benin to Western Sahara

The first step to send money to Western Sahara from Benin 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 XOF to MAD 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 Western Sahara if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Benin bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Western Sahara!

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 Benin to Western Sahara.