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

Compare today's EUR to XOF (Euro to CFA Franc BCEAO) exchange rates

Portugal
Benin
EUR

Interbank Exchange Rate: 1 EUR = 655.9573 XOF
Updated about an hour ago

Found 11 Remittance Service Providers

(*)(*)(*)(*)( )
1000 EUR =
662 520.00 XOF
Transfer Limit (EUR): 0 - 20000
Locked-In Rate1 EUR = 662.5200 XOF

📢 Special exchange rate applied for first transfer
(*)(*)( )( )( )
1000 EUR =
662 516.60 XOF
Transfer Limit (EUR): 12 - 4344.797
Indicative Rate1 EUR = 662.5166 XOF
( )( )( )( )( )
1000 EUR =
658 908.80 XOF
Transfer Limit (EUR): 10 - 4368.8255
Indicative Rate1 EUR = 658.9088 XOF
(*)(*)(*)(*)( )
1000 EUR =
655 960.00 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 655.9600 XOF

📢 Special exchange rate applied for first transfer
(*)(*)(*)(*)(*)
1000 EUR =
655 957.00 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 655.9570 XOF
(*)(*)(*)(*)(*)
1000 EUR =
655 957.00 XOF
Transfer Limit (EUR): 1 - 10000
Locked-In Rate1 EUR = 655.9570 XOF
(*)(*)(*)(*)(*)
1000 EUR =
654 645.30 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 654.6453 XOF

📢 B2B transfers only
( )( )( )( )( )
1000 EUR =
654 448.50 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 654.4485 XOF
(*)(*)(*)( )( )
1000 EUR =
654 368.20 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 654.3682 XOF

📢 New! Cash pickup available
(*)(*)(*)(*)(*)
1000 EUR =
644 679.90 XOF
Transfer Limit (EUR): No Limits
Indicative Rate1 EUR = 644.6799 XOF

📢 B2B transfers only
(*)(*)(*)(*)( )
1000 EUR =
636 960.10 XOF
Transfer Limit (EUR): No Limits
Locked-In Rate1 EUR = 636.9601 XOF
1 Remit Service Providers did not match the search criteria.
(*)(*)(*)(*)(*)
1000 EUR =
655 301.20 XOF
Transfer Limit (EUR): 5796.5 - No Limit
Indicative Rate1 EUR = 655.3012 XOF

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 Euro to CFA Franc BCEAO money transfers

Easily compare money transfer providers in one place to send money from Portugal to Benin. Send money overseas to your loved ones by comparing Euro (EUR) 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.

RemitFinder compared 11 money transfer operators to get you the best FX rates to send money from Portugal to Benin.

The best rate to send CFA Franc BCEAO from Euro to your loved ones in Benin is currently offered by Remitly; their 1 EUR to XOF exchange rate today is 662.5200.

Dahabshiil offers the next most competitive Euro to CFA Franc BCEAO exchange rate today (currently 1 EUR = 662.5166 XOF).

Two other competitive providers for sending money from Portugal to Benin are TalkRemit and WorldRemit.

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 Portugal.

Were you looking to send money from Benin to Portugal 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 EUR to XOF Conversion Rates

Here are some latest EUR to XOF (Euro to CFA Franc BCEAO) exchange rates for popular conversion amounts*.

1 EUR655.96 XOF
5 EUR3,279.79 XOF
10 EUR6,559.57 XOF
25 EUR16,398.93 XOF
50 EUR32,797.87 XOF
100 EUR65,595.73 XOF
150 EUR98,393.60 XOF
200 EUR131,191.46 XOF
250 EUR163,989.33 XOF
300 EUR196,787.19 XOF
400 EUR262,382.92 XOF
500 EUR327,978.65 XOF
600 EUR393,574.38 XOF
700 EUR459,170.11 XOF
800 EUR524,765.84 XOF
1,000 EUR655,957.30 XOF
1,500 EUR983,935.95 XOF
2,000 EUR1,311,914.60 XOF
2,500 EUR1,639,893.25 XOF
3,000 EUR1,967,871.90 XOF
4,000 EUR2,623,829.20 XOF
5,000 EUR3,279,786.50 XOF
10,000 EUR6,559,573.00 XOF
15,000 EUR9,839,359.50 XOF
20,000 EUR13,119,146.00 XOF
30,000 EUR19,678,719.00 XOF
40,000 EUR26,238,292.00 XOF
50,000 EUR32,797,865.00 XOF
100,000 EUR65,595,730.00 XOF

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


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

With the global remittance market booming, there are so many choices for Euro 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 Portugal. 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 exchange rate for sending money from Portugal 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 EUR 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 Portugal 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 EUR 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 from Portugal to Benin?

Finding the cheapest way to send money from Portugal 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 EUR 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 Portugal 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 Portugal to Benin through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Portugal to Benin. 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 XOF 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 Portugal bank for your Benin 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.


How to send money to Benin from Portugal fast?

It could be a stressful experience if you need to rush money quickly from Portugal to Benin. 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 XOF. 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 CFA Franc BCEAO. 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 Portugal to Benin money transfers.


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

Since the Euro 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 Portugal 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 EUR 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 Portugal to Benin transaction.


Step by step guide to do a money transfer from Portugal to Benin

Follow the below easy steps to send money to Benin from Portugal.

  • If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
  • You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
  • Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Portugal bank account to fund your transaction.
  • Add your recipient - provide details about who will receive the funds (can also be your own account in Benin).
  • Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
  • Add the transfer amount and start the transaction.

The provider will then work on your EUR to XOF remittance, and you should not have any additional action to take. Keep an eye on your email inbox as you should get notified about the progress of your transaction.

Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.