How to send money to Madagascar from Australia

By   |   Verified by David Boyd   |   Updated 22 Nov 2022

Send Money AUD to MGA Madagascar

Are you looking for the best way to send money from Australia to a family member, friend, or business in Madagascar?

Recipients will get more ariary for the same amount of dollars if you send money to Madagascar from Australia with an online international money transfer service because of their competitive exchange rates and cheaper fees.

Need to transfer money to Madagascar from Australia?

Best ways to send money to Madagascar

Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
OFX Money Transfer

OFX Money Transfer

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in Australia, USA, UK, Canada, New Zealand, Hong Kong and Singapore.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.
Western Union

Western Union

Highlights

  • Send money the way that’s convenient for you: online, via the app, or in person at an agent location.
  • Send money in minutes for fast cash pickup and easily track your money along the way.
  • Western Union handle an average of 25 transfers per second and move money from Australia to over 200 countries and territories.

Pros

  • Reputable company with plenty of physical branches around the world.
  • Lots of options for payment method and pick-up method.
  • Regulated by ASIC and FinCEN.
  • 24/7 customer service.

Cons

  • High fees compared to other money transfer services.

Compare more money transfer services before you send money to Madagascar.

First time sending?

How to send money to Madagascar from Australia

Money transfer services are a convenient and fast way to send money to Madagascar from Australia. This step-by-step process explains how it works if you have never used one.

  1. Choose what money transfer service you would like to use. You can find reputable money transfer services on this page.
  2. Create an account. You will need to provide some personal information and proof of identification. Setting up an account can be completed in a few minutes.
  3. Set up the transfer. Enter the recipient’s full name, address, bank account number (if you want funds delivered to a bank), and how much money you plan to send. Different money transfer services offer varying options on how the funds you send to Madagascar will be delivered to the recipient. Select the delivery option that serves you and the recipient.
  4. Choose how you will pay for the transfer. You can use a bank transfer or debit card, with some services accepting credit card payments. How you pay will affect the time it takes to send the money.
  5. Confirm details and send. You can track the transfer's progress online using a reference number.

What are the fees and charges?

Costs for sending money to Madagascar from Australia

  • Service fee. The amount of money a money transfer service charges to send will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
  • Collection fee. Charged if you've chosen for the recipient to collect cash.
  • Delivery fee. Charged if you've chosen for the cash to be delivered to the recipient’s address
  • Cash advance fee. Charged by the credit card issuer if you pay for the money transfer with a credit card. Interest will be applied in addition.
  • Exchange rate. When you send large amounts of money abroad, the exchange rate can significantly impact how much your recipient will get. Other fees have a bigger impact on smaller transfers.

Looking for other options?

Alternative ways to send money to Madagascar from Australia

Here are some of your best options if you are looking for an alternative to an online money transfer service for sending money to Madagascar.

  • Bank transfer. Convenient but more expensive and generally slower than an international money transfer service. However, you may be reassured by using your existing account.
  • Crypto. If the recipient can accept crypto, this can be a cheap and fast alternative. However, crypto can confuse those who have not used it before. The risk of losing money due to price volatility can be mitigated by sending a stablecoin.
  • Money orders. One of the slower options, but reliable.
  • Money transfer agents. Cash can be collected from locations in most large towns and cities worldwide, but exchange rates may not be the most competitive.
  • Prepaid cards. Withdrawal limits and maximum amounts make prepaid cards impractical for large amounts.

Still not sure?

FAQs

How long does it take for money sent from Australia to arrive in Madagascar?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Madagascar if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Madagascar from Australia?

Yes, sending money to Madagascar from Australia is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Madagascar from Australia?

Yes, purchasing a money order in Australia and sending it to Madagascar via postal mail or tracked courier is possible. The recipient can then cash the money order at a bank, credit union, local post office, etc.

Can I use my credit card to send money to Madagascar from Australia?

Yes. You can fund a money transfer to Madagascar with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Madagascar from Australia?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Madagascar from Australia. The recipient can then choose whether to sell the crypto for cash or use it to transact in stores and with people who accept it.