Agencies
Compare commissions and speed of MTAs for
best value
Money Transfer Agencies
in Zimbabwe do not charge commission. This
is to ensure that recipients of money sent
from abroad receive the full value of the
money sent, with no deductions at all.
The agencies are able to do this because
they instead receive an agency commission
from the Reserve Bank for every United States
dollar delivered to it.
However the agencies’ foreign partners
do charge commission. The amount of this
commission is one of the major concerns
expressed by Zimbabweans in the United States
and United Kingdom.
The amount of commission charged varies
from agency to agency. It is wise, therefore,
for those who want to send money home to
check the different commissions that money
transfer agencies charge, so they can choose
an agency that is not only easily accessible
but charges competitive commission rates.
It is also worth checking how long the
money will take to reach Zimbabwe. It should
not take longer than 24 hours. However,
some of the agencies can effect the transfer
within 10 or 15 minutes.
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