There may be many times when you would have to send money to someone, but due to many reasons, you can’t give it in cash. In such a case, you may send money to Gambia into their bank account directly. You can make a bank transfer to Gambia or any other bank in the world using the following method.
Deposit cash in bank account:
The very basic way to send money to someone else’s account is to walk into the bank and tell the teller that you will like to send cash. You will have to have the recipient’s full name and bank account number to fulfil the deposit.
Some banks are now banning cash deposits into someone else account. Handling cash may lead to fraud. Hence banks are now being clear. Before you head out to the bank’s branch, you will have to double-check that the bank allows you to do so.
Transfer money electronically:
Many websites and apps let your money transfer to Gambia to a friend by making a bank transfer. That is:
– Square Cash
– Transfer Wise
One main disadvantage of this method is that both people have to account for certain services, including PayPal and Venmo.
Write a check:
You may also pick to write a paper check and give it to the person. Or you may move to the bank and ask the teller to send the check into the person’s account, as long as you have their complete name and account number.
Although lesser banks now accept cash deposits into another person’s account, most still accept check deposits.
Send a money order:
Although you will need to pay a couple of dollars for having a money order, it is a worthwhile alternative if you do not already have a paper chequebook. When you purchase a money order, you will pay the small fee and the amount you wish to deposit.
For example, you may pay the $200 you wish to put into the friend’s account, then a $2 fee for this money order itself. You will also get a receipt, and hence if the deposit never goes through due to some reason, you have proof of money order.
The downside is that there is mostly a limit on how much you may send with the money order. You will not be able to send over $1000.
Send a cashier check:
A cashier’s check is just like the money order, but there is no limit on how much you may send. Unfortunately, cashier’s checks cost a bit more than money orders, mostly around $10.
Whereas you may get a money order in a bank, the post office, or the convenience store, cashier’s checks are available only at banks.
Make a wire transfer:
It is a tool for moving money by electronic means from one banking institution to other. It may be especially useful if you don’t have access to the recipient’s bank.
For example, maybe you are using a national bank but your friend’s bank with the local institution in the country. You may send money to Gambia online from the US or internationally, and international transfer fees are way more expensive. You may expect to spend $10 to $50 on a wire transfer.
Wire transfers are mostly for large sums of money, just like the down payment over a house. Before attempting to send a wire transfer, make sure that your account and recipient’s account are set up for wire transfers. For quicker and online money transfer to Gambia, you can go with ACE Money Transfer to help you move money around online.
These were the few ways to make a bank transfer to the Gambia.