Question 1

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

Accepted Answer

Sending money internationally to Guinea from Portugal 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 GNF 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 Guinea. 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 Guinean Franc.

Question 2

How to get the best exchange rate for sending money from Portugal to Guinea?

Accepted Answer

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Guinea from Portugal.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your EUR to Guinean Franc remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for EUR to GNF remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.

Question 3

What's the cheapest way to send money from Portugal to Guinea?

Accepted Answer

One of the most important things to watch out for is hidden fees when sending money to Guinea from Portugal. 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 Guinea using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Guinean Franc foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best EUR to Guinea 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 Guinea from Portugal.

Question 4

How to send money from Portugal to Guinea through a bank?

Accepted Answer

Bank transfers have been a traditionally popular way to send money overseas from Portugal to Guinea. 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 GNF 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 Guinea 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

What is the fastest way to do a money transfer to Guinea from Portugal?

Accepted Answer

If you need to convert EUR to GNF 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 Portugal to Guinea 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 Euro to Guinean Franc 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 Guinea.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Portugal to Guinea. 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.

Question 6

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

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 Portugal to Guinea, 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 Guinean Franc 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 GNF money transfers to Guinea. 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 Guinea getting more money for every Euro you send.

Question 7

Step by step guide to send money to Guinea from Portugal

Accepted Answer

Follow the below easy steps to send money to Guinea 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 Guinea).
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 GNF 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.

1 EUR	10,057.52 GNF
5 EUR	50,287.62 GNF
10 EUR	100,575.23 GNF
25 EUR	251,438.09 GNF
50 EUR	502,876.18 GNF
100 EUR	1,005,752.35 GNF
150 EUR	1,508,628.53 GNF
200 EUR	2,011,504.70 GNF
250 EUR	2,514,380.88 GNF
300 EUR	3,017,257.05 GNF
400 EUR	4,023,009.40 GNF
500 EUR	5,028,761.75 GNF
600 EUR	6,034,514.10 GNF
700 EUR	7,040,266.45 GNF
800 EUR	8,046,018.80 GNF
1000 EUR	10,057,523.50 GNF
1500 EUR	15,086,285.25 GNF
2000 EUR	20,115,047.00 GNF
2500 EUR	25,143,808.75 GNF
3000 EUR	30,172,570.50 GNF
4000 EUR	40,230,094.00 GNF
5000 EUR	50,287,617.50 GNF
10000 EUR	100,575,235.00 GNF
15000 EUR	150,862,852.50 GNF
20000 EUR	201,150,470.00 GNF
30000 EUR	301,725,705.00 GNF
40000 EUR	402,300,940.00 GNF
50000 EUR	502,876,175.00 GNF
100000 EUR	1,005,752,350.00 GNF

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