5 Reasons Why Chimoney App is the Cheapest Way to Send Money to Africa

19th February, 2025

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Phylis A

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The High Cost of Sending Money to Africa

If you've ever sent money to Africa, you know the pain of high fees. Traditional banks and money transfer services often charge steep rates - sometimes up to 10% of what you're sending! This means if you send $200, your family might only get $180 or less.

But there's good news. The Chimoney App has changed the game by making money transfers to Africa much cheaper. Here's why Chimoney App stands out as the most affordable option for sending money to your loved ones in Africa.

1. Lower Transfer Fees Than Banks and Traditional Services

Chimoney App charges much smaller fees than banks and traditional money transfer services. While others might charge 5-10% of your transfer amount, Chimoney App's fees are typically under 2%.

For example:

  • Sending $200 through a bank: You might pay $15-20 in fees
  • Sending $200 through Chimoney App: You'll likely pay less than $4

This difference adds up quickly! If you send money regularly, you could save hundreds of dollars each year by switching to Chimoney App.

2. Better Exchange Rates Mean More Money Arrives

Many money transfer services make money by giving you poor exchange rates. They might advertise "no fees" but then take a big cut through the exchange rate. Chimoney offers exchange rates much closer to the actual market rate. This means when you send money to countries like Nigeria, Kenya, or Ghana, more of your dollars, pounds, or euros convert to local currency.

3. No Hidden Costs or Surprise Charges

Have you ever been shocked by unexpected fees when sending money? Many services add extra charges for:

  • Faster delivery
  • Weekend transfers
  • Paying by credit card

Chimoney App keeps things simple with clear, upfront pricing. What you see is what you pay - no surprises after you've started your transfer.

4. Multiple Free Payout Options

With Chimoney App, recipients have several ways to receive money without extra charges:

  • Direct bank deposits
  • Mobile money transfers
  • Transfer to phone number or email

This flexibility means your recipients can choose the most convenient option without paying extra fees. Many other services charge for anything beyond basic bank transfers.

5. Special Discounts for Regular Senders

If you send money to Africa regularly, Chimoney App rewards your loyalty. The app offers:

  • Reduced fees for frequent users
  • Special rates for larger transfers
  • Promotional discounts during holidays
  • Referral bonuses when you invite friends

These savings add up quickly for people who support family members or run businesses in African countries.

Real Stories: How People Save with Chimoney App

"I send money to my parents in Lagos every month. Since switching to Chimoney App, I save about $25 each time. That's $300 per year that now goes to my family instead of transfer fees!" - James O.

"As a small business owner working with suppliers in Ghana, the savings from Chimoney App have been a life-saver. I've cut my transfer costs by 60% compared to what I was paying before." - Maria K.

More Benefits of Chimoney App

While being the cheapest option is a huge advantage, Chimoney App offers other benefits too:

  • Fast transfers (often completed within minutes)
  • Easy-to-use mobile app
  • Strong security features
  • Reliable customer support
  • Coverage across multiple African countries

How to Start Saving Money Today

Ready to cut the cost of sending money to Africa? Here's how to get started:

  • Download the Chimoney App: Head to your app store and download the Chimoney App. It's free and available for both iPhone and Android devices.

  • Create Your Account: Sign up with your email address and verify your identity. This usually takes just a few minutes.

  • Add Your Payment Methobd: Link your US bank account, debit card, or credit card to fund your transfer.

  • Enter Transfer Details:

  • Select your preferred currency
  • Enter the amount you want to send
  • Select your recipient's preferred payment method (email, phone number)
  • Add your recipient's information
  • Review and Send: Double-check the total amount and recipient details. Hit send when you're ready!

Last edited on: Mar 25th 2025