Transfer Money From Austria To Burkina Faso: A Quick Guide

There are several ways to transfer money from Austria to Burkina Faso. The cheapest way to send money is usually through an online provider, with Western Union, Dahabshiil, and TransferGo being some of the most popular options. These services allow you to send money online or in person, and the recipient can collect the money in cash or have it deposited directly into their bank account. It's important to compare the costs and features of different providers to find the best option for your specific needs.

Using an online provider

Choosing a Provider:

Firstly, you'll need to select a reputable online money transfer service. Some popular options include Western Union, Wise (formerly TransferWise), Xoom (a PayPal service), BOSS Money, and Sharemoney. Compare their fees, exchange rates, transfer speeds, security features, and customer reviews to make an informed decision.

Creating an Account:

Once you've chosen a provider, you'll need to create an account. This usually involves providing your name, email address, phone number, and sometimes additional information such as your address and date of birth. Verifying your email and phone number is often required to activate your account.

Initiating the Transfer:

Log in to your chosen provider's website or mobile app and navigate to the money transfer section. You will need to specify the amount you wish to send and the country you are transferring to. The provider will typically display the fees and estimated arrival time for the transfer.

Providing Recipient Information:

You will need to input the recipient's full name, address, phone number, and email address. Additionally, you may be asked for their bank account details, including the name of the bank and the account number.

Payment Method:

Choose your preferred payment method, such as a bank transfer, debit card, or credit card. Some providers may offer additional payment options. Please note that using a credit card may incur additional fees from your card issuer.

Confirming the Transfer:

Review the transfer details, including the amount, recipient information, and payment method. If everything looks correct, confirm the transfer. You may be asked for additional security verification during this step.

Tracking the Transfer:

Most online providers offer tracking features that allow you to monitor the status of your transfer. You will typically receive notifications or updates via email, SMS, or push notifications.

Using a mobile app

There are several mobile apps that allow you to transfer money from Austria to Burkina Faso. Here is a step-by-step guide on how to use some of them:

Xoom (A PayPal Service)

• Download the Xoom app from the App Store or Google Play.
• Log in with your PayPal credentials or create a Xoom account if you don't have one. Provide your name and email address during the sign-up process.
• Enter the amount you want to send, the recipient's details, and where they will receive it in Burkina Faso.
• Pay with PayPal, your bank account, credit card, or debit card.

Sharemoney

• Download the Sharemoney app.
• Create a free account and verify your email and phone number.
• Select Burkina Faso as the country you want to send money to, and follow the guided steps.

TalkRemit

• Download the TalkRemit app.
• Enter the amount you want to send and select a new or existing recipient. You can store recipient details for faster transfers in the future.
• Review the summary of your transfer and send the money.

ACE Money Transfer

• Download the ACE Money Transfer app and create an account.
• Complete your profile with basic details and any required documents.
• Choose Burkina Faso as the destination country, select the desired payout option, and enter the recipient's details.
• Pay for the transaction using your debit or credit card, or your bank account.

Wise

• Download the Wise app or sign up on their website. You can sign up with your email address or your Google or Facebook account.
• Set up your first transfer by entering the amount you want to send and where you want to send it. You'll see the fees and delivery time upfront.
• Provide your personal details, including your full name, birthday, phone number, and address.
• Add the recipient's bank details. If you don't know their bank account information, Wise can request it for you.
• Verify your identity with a photo of your ID.
• Pay for your transfer using a bank transfer, debit card, or credit card.

Using a credit card

Step 1: Choose a Reputable Money Transfer Service

Select a money transfer service that suits your needs. Some popular options include Wise, Xoom (a PayPal service), and ACE Money Transfer. These services offer competitive rates, low or no hidden fees, and secure transactions.

Step 2: Sign Up and Create an Account

Visit the website or download the mobile app of your chosen money transfer service. Create an account by providing your personal details, such as your name, email address, and other required information.

Step 3: Provide Recipient Information

After registering, you will need to input the details of the recipient in Burkina Faso. This includes their full name, address, phone number, and bank account information.

Step 4: Choose the Transfer Amount and Payment Method

Decide on the amount you wish to transfer and select your payment method. In this case, you will be using a credit card. Keep in mind that some services may charge a cash advance fee for credit card transactions.

Step 5: Confirm and Fund Your Transfer

Review the transaction details, including the amount, recipient information, and any associated fees. Once you're satisfied, confirm the transfer and provide your credit card details to fund the transaction.

Step 6: Track Your Transfer

Most money transfer services allow you to track the status of your transaction. You can usually do this through their website or mobile app. This way, you can monitor when the funds are sent and received.

It is always a good idea to compare the fees, exchange rates, and transfer speeds offered by different services before initiating a transfer. Additionally, ensure that you understand any applicable cash advance fees that may be charged by your credit card company.

Using a bank transfer

If you want to transfer money from Austria to Burkina Faso using a bank transfer, you can use a specialist money transfer company such as WorldRemit, Wise (formerly TransferWise), Xoom, GlobalWebPay, or TalkRemit. These companies offer low-cost, fast, and secure online money transfers to Burkina Faso.

To use their services, you will typically need to create an account, set up your transfer, provide recipient details, and pay for the transfer using your bank account. The exact steps may vary depending on the company you choose, but the process is generally straightforward and can be completed online or through a mobile app.

For example, with Wise, you would first create a free account, set up your transfer by entering the amount and recipient details, and then confirm the transfer. You can pay for the transfer using a bank transfer, debit card, or credit card.

Similarly, with WorldRemit, you would need to register, select the transfer amount and recipient, and then pay for the transfer using a bank transfer, debit card, or credit card.

These companies offer competitive fees and exchange rates, and your funds will typically be available for cash pickup or deposited into the recipient's bank account within the next business day.

It's important to note that the availability of specific services and the time it takes for the transfer to be completed may vary depending on the company and the specific circumstances of your transfer.

Using a debit card

• Sign up or log in: If you already have an account with the company, simply log in. Otherwise, sign up by providing your personal information, such as your name, email address, and sometimes additional details like your birthday, phone number, and address.
• Start the transfer process: Indicate that you want to send money from Austria to Burkina Faso, and provide the amount you wish to transfer.
• Add recipient details: Provide the name, address, and phone number of the recipient in Burkina Faso, as well as their bank account information if you are sending the money directly to their bank account.
• Choose the debit card option: Select "debit card" as your payment method. You may also have the option to pay directly from your bank account or use a credit card.
• Complete the payment: Follow the instructions to enter your debit card details and complete the payment.
• Track your transfer: Most services will provide a way to track your transfer, such as through a mobile app or website. You will typically receive a confirmation number that you can use to check the status of your transaction.

It's important to note that transfer times and fees may vary depending on the service you use. Some transfers can be instant or completed within a day, while others may take a few business days. Fees may include a flat fee plus a percentage of the amount converted, and some payment methods may incur additional charges.

Always review the terms and conditions, estimated delivery times, and cost estimates before initiating a money transfer to ensure you understand the process and any associated costs.

Frequently asked questions