Best ways to send money to Mozambique
Compare the top providers that can help you transfer money to Mozambique based on speed, fees and exchange rates
We want to find the best deal for you. So although we may receive a referral fee if you choose one of these providers. It won't affect the ranking of the provider, the exchange rates or any fees you are charged. Our results are sorted in order of cheapest to most expensive cost to you. Learn more.
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How to Send Money to Mozambique
The good news is that sending money to Mozambique is quick and easy. Plus you can usually do everything with your phone or laptop - with no need to stand in line at a bank or money changer’s office. Here’s how to send money to Mozambique 3 simple steps:
- 1Enter the Amount
Enter the amount of money you want to transfer into our comparison tool. Pick the currency you want to send to and from, using the drop down boxes. You’ll see a range of options from reliable providers, so you can compare and pick the best for your specific transfer. - 2Compare Rates and Services
Use our transparent comparison tool to find the best rates for your transfer. You’ll be able to compare important features such as transfer speed, total costs, amount received and customer reviews. In particular, be sure to check the exchange rates and fees, as these can vary between providers and payment methods. Costs may also vary depending on how you want to pay. - 3Sign Up and Send Money
Choose and sign up with the provider, enter the recipient’s details and complete the transaction securely. Your money will be on the move and you can track your transfer in the provider’s app.
You can send money from United Kingdom to Mozambique using your bank, a specialist money transfer service, an e-wallet, or by visiting a physical money remittance store. Each option has different pros and cons, so the best for you will depend on your specific transfer and personal requirements.
For more information on how to send money to Mozambique check out our How to FAQs.
Best ways to send money to Mozambique
Currently best for | Provider | Details |
---|---|---|
Cheapest cost | XE | £12 GBP |
Best exchange rate | XE | 1 GBP = 79.1853MZN |
Fastest transfer | Remitly | 0-2 Days |
Best rated | Remitly | Trustpilot rating: 4.6 |
You can send money to Mozambique with a bank, or you can choose an international money transfer service provider. Often international money transfer providers offer a fast, efficient and cheap way to send money from United Kingdom to Mozambique.
Money transfer providers compared: 3 providers
Money transfer companies included: XE, Remitly, WorldRemit
What is the cheapest way to send money to Mozambique?
Cheapest provider | Total cost | Details |
---|---|---|
XE | £12 GBP | GBP/MZN exchange rate: 79.1853 |
Remitly | £61.6 GBP | GBP/MZN exchange rate: 77.2100 |
WorldRemit | £620.6 GBP | GBP/MZN exchange rate: 54.9435 |
XE, the cheapest option, has a Pound Sterling/Mozambican Metical exchange rate of 79.1853 and a fee of 12 GBP.
This would save you 608.6 GBP compared to WorldRemit, who has a fee of 620.6 GBP.
You'll want to pay attention to both the upfront fee the provider shows you as well as the Pound Sterling/Mozambican Metical exchange rate.
Often providers will claim to be a cheap global money transfer provider, with low, or even no fees, but in reality they're hidden within the exchange rate. Right now, Pound Sterling/Mozambican Metical interbank rate is 79.6474. Whenever you compare fees for transferring money to Mozambique, it can pay off to look at the exchange rate they offer.
Finding alternative ways to transfer money to Mozambique shouldn't be hard, we've put together a list of cheap ways to send money to Mozambique to help you with your search.
For example, most traditional banks add a hidden markup to the exchange rate they offer you. If 1 GBP is 79.6474 MZN, your bank can add a 3% exchange rate markup and give you a rate of £ 1 = 82.03682 MT
What is the fastest way to send money to Mozambique?
Fastest provider | Time | Details |
---|---|---|
Remitly | 0-2 Days | Remitly is the fastest way to send money to Mozambique |
WorldRemit | 1-2 Days | WorldRemit is the 2nd fastest provider to send money to Mozambique |
XE | 2-3 Days | XE is the 3rd fastest provider to send money to Mozambique |
Typically sending money to Mozambique will be much faster using a money transfer company compared to a bank that can take 3-5 working days. That’s because banks usually process international money transfers through the SWIFT network. This system involves passing a payment through several intermediaries, which slows the process down. Money transfer companies have often built their own networks to process payments faster - which can even mean your money is deposited instantly into your recipient’s account.
The fastest provider in our table to transfer money to Mozambique is Remitly - 0-2 Days.
Learn more about instant ways to transfer money overseas here.
Who is the best rated provider to transfer money to Mozambique from United Kingdom?
Of the 3 providers we found for transferring money to Mozambique, here's how the top 5 stack up in terms of number of reviews and average score based on TrustPilot:
Best rated provider | Star rating | Rating | No. of reviews |
---|---|---|---|
Remitly | 4.6 | Excellent | 71355 |
XE | 4.3 | Excellent | 75483 |
WorldRemit | 3.6 | Average | 89146 |
Is it safe to send money from United Kingdom to Mozambique?
Choosing an international money transfer service can feel like a risk. However, our comparison tool will only ever recommend secure providers which operate within the law in any part of the world they’re in.
When you’re looking for the safest ways to send money to Mozambique from United Kingdom you’ll usually want to look out for providers which are registered with and operate under the FCA. In some cases operators may also be regulated by the PRA. And if you’re sending money with your bank, you may also read about the FSCS. Too many acronyms? Let’s look at what they mean.
FCA - Financial Conduct Authority - almost all financial activities have to be authorised by the FCA. The FCA's job is to regulate and oversee financial activities to make sure standards are upheld and financial businesses are trading safely and legally.
PRA - Prudential Regulation Authority - the PRA exists to make sure banks, building societies, insurance companies and other similar financial institutions are being managed safely, to control risk and keep customer money safe.
FSCS - Financial Services Compensation Scheme - the FSCS protects customers when their bank, insurer or other eligible financial service company fails. You may be able to get compensation through the FSCS to make sure you don't lose out if your bank goes bankrupt or runs into other financial difficulties.
Compare money transfer services to Mozambique
XE: from United Kingdom to Mozambique
You can send money online and in-app with XE from United Kingdom, to over 104 countries. Transfer times vary based on how you choose to pay and the country you’re sending to, and XE exchange rates can include a lower markup compared to a regular bank.
- Send to a broad range of countries from United Kingdom
- Pay for transfers with a bank transfer or card
- XE is a trusted way to send money safely overseas
- Exchange rates include a small markup
- Fees and delivery times vary based on destination and payment type
How much does it cost to send money to Mozambique with XE?
- Transfer fees: Fees vary based on how you choose to pay, and the currencies involved
- Exchange rates: Exchange rates include a small markup
- Additional fees: Fees vary based on how you choose to pay, and the currencies involved
Remitly: from United Kingdom to Mozambique
Remitly international money transfers from United Kingdom can be made in 150. You might find Remitly is one of the cheapest ways to transfer money internationally, particularly if you benefit from a new customer promotion.
- Send in a large selection of currencies
- New customer promotions available which can mean better rates and lower fees
- Large selection of payout options including cash collection
- You can’t pay for your transfer in cash
- Exchange rates may include a markup
How much does it cost to send money to Mozambique with Remitly?
- Transfer fees: Fees vary based on how you choose to pay, and the currencies involved
- Exchange rates: Exchange rates may include a small markup, promotional rates available for new customers
- Additional fees: Fees vary based on how you choose to pay, and the currencies involved
WorldRemit: from United Kingdom to Mozambique
WorldRemit offers a selection of ways to transfer money abroad to 45 countries, online or in the WorldRemit app. There’s a good range of payout options available, which varies by destination but which can include cash collection services.
- Send money overseas to 45
- Pay out options can include cash collection services
- Set up your payment online or in app, pay by bank transfer or with a card
- You can’t pay for your transfer in cash
- Exchange rates may include a markup
How much does it cost to send money to Mozambique with WorldRemit?
- Transfer fees: Fees vary by transaction type, new customer promotions are available
- Exchange rates: Exchange rates may include a small markup
- Additional fees: Fees vary based on how you choose to pay, and the currencies involved
Exchange rate trend between GBP/MZN
As with many currencies, the GBP/MZN exchange rate moves over time, due to changes in supply and demand. Exchange rate fluctuations can be caused by underlying shifts in how well the economy in United Kingdom or Mozambique is doing, changes in political stability, or even simple speculation, where traders buy or sell currencies based on how they think trends are going to change.
Right now, £1 buys MT79.6474
Loading chart data...
Find out more about the GBP to MZN exchange rate today
Ways to fund your money transfer to Mozambique
Different money transfer services offer different options to fund your international money transfer. Luckily, you have plenty to choose from.
Typically bank transfer is the cheapest payment method, which is why it’s the method we use to compare providers on Exiap. Let's take a look at a few payment options for sending money from United Kingdom to Mozambique with these providers:
Best app to send money to Mozambique
Provider | Website | ||
---|---|---|---|
XE | ✅ | ✅ | ✅ |
Remitly | ✅ | ✅ | ✅ |
WorldRemit | ✅ | ✅ | ✅ |
Conclusion
When it comes to choosing the best provider for sending money to Mozambique from United Kingdom, it really depends on what your needs are.
The cheapest provider shown in our comparison table is XE and the fastest is Remitly. If the transfer time is what you're interested in, then Remitly is the fastest to transfer money to Mozambique. Remitly can get your money to your recipient to Mozambique in 0-2 Days.
If safety is what interests you the most when it comes to picking the best international money transfer provider to Mozambique, then all the providers we listed above are regulated by different financial institutions and should be safe to send money to Mozambique with.
FAQs about how to send money from United Kingdom to Mozambique
You've got a few key options if you need to send money to Mozambique:
Bank transfer to Mozambique - most banks will let you send money internationally online, by visiting a branch or by phone. Payments to MZN will be sent directly from your bank account to your recipient's local bank account in your chosen currency.
Walk into a branch - several specialist money transmitter services operate through large branch and agent networks, so you can visit a physical store and make your MZN payment in cash if you want to.
Send money online to Mozambique - if you'd rather make your GBP/MZN payment online or using your smartphone, you can choose your own bank's online banking service, or an international payment specialist. Specialist services can often offer better exchange rates and lower fees than banks.
Cash pickup - sending a payment for cash pickup can often be the fastest way to get your money into your recipient's hands. It's also usually one of the most expensive because it's being prioritized and can even be instant.
Sending money to another bank account in Mozambique is often the most convenient option - both for you, and your recipient. Your recipient doesn't need to take any action to receive the money, it just lands in the nominated account in the currency you choose, and can be spent or withdrawn easily.
If you're sending money from a bank account in United Kingdom to a bank account in Mozambique, choosing a specialist provider can be the cheapest and fastest way to make your payment. Different providers have their own processes for arranging payments - but the steps you'll take are usually roughly the same:
1. Create an account Register a new account with your preferred service, by entering your contact details and some basic information. You may even be able to do this using Facebook or Google for convenience.
2. Verify Depending on the type of payment you're making, you may need to verify your account by uploading an image of your ID documents. This step helps keep your money safe, and is often a legal requirement.
3. Top up Add money to your account in dollars, using a bank transfer or card payment.
4. Add recipient details and send Once you're ready to send a payment, add your recipient's personal and bank account details, check the exchange rate and fee applied to your payment, and confirm. That's it - your money will now be sent, and you can track its progress online or in your provider's app.
The details you'll need to send money internationally from United Kingdom to Mozambique may vary by provider, and based on the value of the transfer. At a minimum, whenever you make an international bank transfer you will typically be asked for:
- Bank code
- Branch code
- Account number
You can't send money to Mozambique from United Kingdom for free. International transfers cost providers money to arrange, so there's always a fee somewhere to make sure that the business covers its costs and generates profit. However, many providers choose to make the fees you pay trickier to spot by adding them into the exchange rates used for transfers.
There is no official best time to send money from United Kingdom to Mozambique and that depends on a variety of factors such as when you need to send money or when you want the funds to be received. It’s also going to depend on a variety of other factors such as, the time when you send money or the fees you are offered by providers or banks.
When you’re sending a high value payment it’s especially important to do your research and find a provider which is safe and which offers low fees and great exchange rates. It’s also well worth comparing some providers based on transfer times, as the delivery time can also vary pretty widely.
Some international money transfer services offer discounts for high value transfers, either through lower fees or a better exchange rate. Use the Exiap cost comparison calculator to make sure you’re getting the very best deal available for your specific transfer.
While sending a high value payment works very similarly to sending any other transfer overseas, the provider may require additional information to verify the payment. You might be asked to prove the source of the funds, for example, to comply with local and international financial services legislation. If you’re sending a large amount of money you’ll also need to make sure the provider you’ve picked can support the amount, as maximum payment limits may apply.
Here’s how to send a large sum of money internationally with a specialist international money transfer service:
- Create an account
Register a new account with your preferred service - Verify
Verify your account by uploading an image of your ID documents - Add the transfer information
Including the value and currency - Add recipient details
Add your recipient's personal and bank account details - Fund your payment
Make a local bank transfer, use your card or pick another supported payment method. Your money will be on the move as soon as it's been received by the provider.
To send money to Mozambique using one of the international money transfer providers in our tables, the fees range from 12 GBP with XE to 620.6 GBP with WorldRemit (but the fee could be even higher with a bank). The exact cost depends a lot on where you’re sending money, how much you’re sending, how you want to pay, and how you want the payment to be received.
Typically sending money directly to a recipient’s bank account using a specialist service can be done with fairly low costs, while traditional bank transfer fees can be higher. Paying for your transfer with either a credit card or cash can often mean the fees crank up, too.
When you’re sending money internationally, don’t forget that the overall fee you pay can include the transfer fee, an extra charge wrapped up in the exchange rate used, and third party charges like a cash advance fee from your credit card issuer.
There is no legal limit on how much money can be sent to or from United Kingdom, although banks and other payment providers may impose their own limits.
Money transfer limits can vary quite widely between providers, and may also change depending on how you want to fund your transfer. You could find different limits in place when you pay by card compared to paying using a bank transfer, for example.
The best rate available to send money to Mozambique will usually be the mid-market exchange rate. The mid-market exchange rate is the rate used when banks buy and sell currencies on global markets.
However, this rate isn’t always available to individual customers sending money abroad. Instead, providers often add a markup - an extra fee - to the exchange rate they offer customers. This pushes up the costs and makes it harder to see exactly what you’re paying for your international bank transfer.
Right now, the mid-market rate for a Pound Sterling to Mozambican Metical is 79.6474.
The length of time it takes to transfer money to Mozambique depends on a variety of factors including the provider you use, how you’re paying, and how you want your recipient to get the money in the end.
From the providers that we display, the fastest international money transfer provider to Mozambique is Remitly, which can deliver the money to your recipient in Mozambique in 0-2 Days. The slowest provider to send GBP - MZN is XE, which takes 2-3 Days to send money to Mozambique.