How To Send Money From Zelle To Chime

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Whether you're planning a trip to the Seychelles archipelago, or have a fortunate relative who has taken up island hopping, chances are you're visiting this page because you need to send money to this tiny island paradise, and aren't sure where to start. Luckily for you, we've taken care of most of the grunt work, so you can use this handy guide to compare top money transfer services, to find the best service for you.

Compare Money Transfer Services

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks versus money transfer companies

When it comes to sending money to the Seychelles, banks are simply not the way to go. Why not? For one, the Seychellois Rupee is a fairly exotic currency, one that banks will likely have difficulty procuring. Secondly, banks often mark up exchange rates and charge high fees on international money transfers.

Dedicated money transfer services, on the other hand, specialize in offering secure and affordable international transfers. Since these companies exchange large quantities of currency every day, they are in a better position to offer downmarket exchange rates with lower fees than the bank.

Case Study: Sue Sends Money to the Seychelles

Sue needs to send $1,000 to her son Pete, who is on holiday in the Seychelles. Pete's wallet fell overboard on a snorkelling trip and he needs some fast cash to hold him over in the interim. Sue knows that her bank may overcharge on exchange rates, not to mention take several days to complete the transfer. She decides to compare two well-known cash pickup transfer companies to see if she can find a more suitable deal.

	Money transfer service 1	Money transfer service 2
Exchange rate	CAD$1 = SCR9.068054	CAD$1 = SCR9.1915
Transfer fee	CAD$25	CAD$70
Transfer method	Cash pickup transfer	Cash pickup transfer
Processing time	10 minutes	10 minutes
Amount received (in SCR)	SCR9,068.05	SCR9,191.50

While the second company offers a superior exchange rate, using the first company will allow Sue to save $45 in transfer fees.

How do I compare transfer companies when transferring and receiving money via Seychelles?

Sue managed to glean some useful insight from her comparison between two well-known transfer services. She recommends searching for the following features to make sure you get the best deal.

Competitive exchange rates. The lower the exchange rate, the lower the overall price point, especially on lump sums.
Minimal fees. Low to no fees on a transaction can equal big savings, and can even offset a less competitive exchange rate, especially on smaller transfers.
Various transfer methods. There are many ways to transfer funds, whether you wire them bank-to-bank, collect cash on site or send funds to a mobile wallet.
Fast transfer times. Transfers can take a few days or a few minutes, depending on your transfer service.
Suitable transfer amounts. The total amount you send can affect which service you use, as well as how much your fees will be.
Reliable customer service. Reputation should be a major determinant in which company you choose to use, since you want to be able to communicate with a real person if you encounter any difficulties.

How do I send money to the Seychelles islands from Canada?

Canadian Banks . Many Canadian banks are able to carry out overseas transfers, but you will likely pay more out of pocket for the privilege.
Money Transfer Services. Most money transfer services pride themselves on offering bank-beating exchange rates and fees.
Cash pickup transfer companies. If you need to send money in a hurry, Western Union and MoneyGram are probably your best bet, just be prepared for a higher price tag.

Compare Money Transfer Services

Money Transfer Service	Transfer Fee (CAD)	Exchange Rate Markup	Total in SCR minus fees (from $1000.00)
Wise	$10	$10.8760	10,769
Canadian Forex	$15	$10.4617	10,298
XE Money Transfer	$0	$10.9300	10,930
WorldFirst	$10	$10.6440	10,537

Rates updated as of 25 February 2018

Emergency cash transfers in the Seychelles

If time is of the essence and you need to send money to the Seychelles in a pinch, then set your sights on a cash pick-up option like MoneyGram or Western Union to get your money to where it needs to be, hassle-free, in as little as 10 minutes. Just be aware that a faster processing time is linked to higher costs, and keep this in mind before you sign on the dotted line. Once your money is on its way, your recipient will just need to present with their passport at a local pick-up company in the Seychelles (with locations listed below) to collect cash.

Western Union

Find a pick-up location with the Western Union Agent Location tool .

MoneyGram

Pick up at Kingsgate House or Savings Bank (Mahe Orion Mall) in Victoria. For pick-ups in Anse Boileau, try Mason's Xchange (Victoria Revolution Avenue) or UAE Exchange (Independance Avenue).

Tips for picking up cash in Seychelles

If you do have the Seychelles islands on your itinerary, the Government of Canada recommends that you exercise a normal degree of caution. If you happen to need to visit an agent to pick up cash, avoid travelling alone and return to your place of residence to stow cash in a secure location before heading back out into the sun.

Background for Seychelles

An island nation, Seychelles is located in the Indian Ocean, off the east coast of Africa. It's a tourist hotspot for Canadians searching for a tropical paradise, complete with white sand beaches, topaz waters, lush hills and a sublime laid-back tempo. While the Seychelles is beautiful, it's also expensive, since most everything is imported, with the exception of locally caught fish, certain fruits and vegetables and a couple of local brews, including the much-loved SeyBrew Beer and Takamaka Rum.

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