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

Compare today's XCD to XOF (East Caribbean Dollar to CFA Franc BCEAO) exchange rates

Montserrat
Benin
XCD

Interbank Exchange Rate: 1 XCD = 205.0588 XOF
Updated about an hour ago

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All you need to know about East Caribbean Dollar to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Montserrat to Benin. Send money overseas to your loved ones by comparing East Caribbean Dollar (XCD) 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 Montserrat.

Were you looking to send money from Benin to Montserrat 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 XCD to XOF Conversion Rates

Here are some latest XCD to XOF (East Caribbean Dollar to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 XCD205.06 XOF
5 XCD1,025.29 XOF
10 XCD2,050.59 XOF
25 XCD5,126.47 XOF
50 XCD10,252.94 XOF
100 XCD20,505.88 XOF
150 XCD30,758.82 XOF
200 XCD41,011.76 XOF
250 XCD51,264.70 XOF
300 XCD61,517.64 XOF
400 XCD82,023.52 XOF
500 XCD102,529.40 XOF
600 XCD123,035.28 XOF
700 XCD143,541.16 XOF
800 XCD164,047.04 XOF
1,000 XCD205,058.80 XOF
1,500 XCD307,588.20 XOF
2,000 XCD410,117.60 XOF
2,500 XCD512,647.00 XOF
3,000 XCD615,176.40 XOF
4,000 XCD820,235.20 XOF
5,000 XCD1,025,294.00 XOF
10,000 XCD2,050,588.00 XOF
15,000 XCD3,075,882.00 XOF
20,000 XCD4,101,176.00 XOF
30,000 XCD6,151,764.00 XOF
40,000 XCD8,202,352.00 XOF
50,000 XCD10,252,940.00 XOF
100,000 XCD20,505,880.00 XOF

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


What's the best way to transfer money from Montserrat to Benin?

With the global remittance market booming, there are so many choices for East Caribbean Dollar to XOF money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Benin from Montserrat. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final XOF amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Benin from Montserrat. 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 XCD to CFA Franc BCEAO 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 Montserrat to Benin corridor to give you more good choices for your next XOF money transfer. This way you do not miss out on additional options to potentially save more.


What's the cheapest way for transferring money to Benin from Montserrat?

The final amount your recipient gets when you send XCD to XOF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Montserrat to Benin used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send CFA Franc BCEAO is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best East Caribbean Dollar to Benin exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

Big banks in Montserrat are known to make a lot of money by charging high fees on Benin money transfers from Montserrat. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a XCD to XOF exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Benin. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Montserrat to Benin. You work hard for your money, so you should also ensure you get the maximum yield when you send XOF overseas.


How to send money from Montserrat to Benin fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Montserrat to Benin. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert XCD to XOF fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your East Caribbean Dollar amount reaching Benin. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush CFA Franc BCEAO quickly to Benin, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


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

The first step in selecting the best money transfer operators for Montserrat to Benin remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for East Caribbean Dollar to CFA Franc BCEAO money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Benin.


Step by step guide to send money to Benin from Montserrat

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Montserrat to Benin, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Montserrat to Benin that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Benin where they can receive monies in CFA Franc BCEAO.
  • Then, provide details of your Montserrat bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your XCD travel to another part of the globe.