Question 1

What's the best way to send money from Cyprus to Somalia?

Accepted Answer

Sending money internationally to Somalia from Cyprus 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 Euro to SOS 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 Somalia. 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 Somali Shilling.

Question 2

How to get the best remit rate for transferring money from Cyprus to Somalia?

Accepted Answer

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Cyprus to Somalia transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your EUR to Somali Shilling international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Euro to Somali Shilling exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.

Question 3

What's the cheapest way to send money to Somalia from Cyprus?

Accepted Answer

While there are numerous ways to send money overseas, many come with steep fees and hidden charges that will make a big dent in your hard earned money. For example, if you send money from Cyprus to Somalia via a bank, you will typically get charged high wire transfer fees. Often, both the sender and the recipient have to pay high fees for bank wire transfers.

A sure way to find the most cost effective way for Euro to Somali Shilling remittances is to compare various foreign exchange operators out there. But, doing this manually is hard and time consuming. You may miss out on great rates from other providers that you may not even be aware of. This is especially relevant given the explosion of Fintech startups operating in the international money transfer arena.

Use RemitFinder to compare numerous remittance service providers in a single screen to easily see which companies are good at what and meet your selection criteria for getting the best Cyprus to Somalia exchange rate.

Another sure shot way to reduce your cost and maximize the return on your money is to take advantage of deals and discounts our partners provide to RemitFinder users like you. We are constantly adding new providers, so make sure to regularly check in to see which money transfer options are the cheapest for EUR to SOS remittances.

Question 4

How to send money to Somalia from Cyprus through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Cyprus to Somalia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the EUR to SOS exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Cyprus bank for your Somalia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.

Question 5

How to send money to Somalia from Cyprus fast?

Accepted Answer

It could be a stressful experience if you need to rush money quickly from Cyprus to Somalia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert EUR to SOS. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Somali Shilling. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Cyprus to Somalia money transfers.

Question 6

Which are the best money transfer companies to transfer money from Cyprus to Somalia?

Accepted Answer

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Cyprus to Somalia, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Euro to Somali Shilling exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your SOS money transfers to Somalia. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Somalia getting more money for every Euro you send.

Question 7

Step by step guide to send money from Cyprus to Somalia

Accepted Answer

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

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 Cyprus to Somalia.

1 EUR	663.15 SOS
5 EUR	3,315.74 SOS
10 EUR	6,631.49 SOS
25 EUR	16,578.72 SOS
50 EUR	33,157.44 SOS
100 EUR	66,314.88 SOS
150 EUR	99,472.32 SOS
200 EUR	132,629.76 SOS
250 EUR	165,787.20 SOS
300 EUR	198,944.64 SOS
400 EUR	265,259.52 SOS
500 EUR	331,574.40 SOS
600 EUR	397,889.28 SOS
700 EUR	464,204.16 SOS
800 EUR	530,519.04 SOS
1000 EUR	663,148.80 SOS
1500 EUR	994,723.20 SOS
2000 EUR	1,326,297.60 SOS
2500 EUR	1,657,872.00 SOS
3000 EUR	1,989,446.40 SOS
4000 EUR	2,652,595.20 SOS
5000 EUR	3,315,744.00 SOS
10000 EUR	6,631,488.00 SOS
15000 EUR	9,947,232.00 SOS
20000 EUR	13,262,976.00 SOS
30000 EUR	19,894,464.00 SOS
40000 EUR	26,525,952.00 SOS
50000 EUR	33,157,440.00 SOS
100000 EUR	66,314,880.00 SOS

Compare today's EUR to SOS (Euro to Somali Shilling) exchange rates

📈 Cyprus to Somalia Money Transfer Snapshot Today

💡What today's EUR-SOS exchange rates mean for you

Latest EUR to SOS Conversion Rates