Send money to Lebanon

What is the best LBP exchange rate today?

Send money internationally to Lebanon (LBP) using the mid-market exchange rate. Check and compare the rates from the major financial providers.

The true cost of sending USD to LBP

How much does it cost to send money to Lebanon?

  • International money transfers shouldn’t be expensive.
  • Make sure your provider doesn’t add hidden fees or bad exchange rates to your money transfer.
  • You should choose a provider that uses the mid-market exchange rate to convert your money.

What are the payments methods to send money to Lebanon?

The available payment methods for your international transfer may vary. Most of the times these should be:

  • Debit Card.
  • Credit Card.
  • Bank Transfer.

How long does it take to send money to Lebanon?

How long does an international transfer take? It mostly depends on:

  • Countries you send from and to.
  • Public holidays or weekends.
  • Payment methods.
  • Potential security checks.

Who sends money to Lebanon?

Around 2015, on the 6 million Lebanese people there were 680'000 Lebanese migrants residing abroad. The Lebanese diaspora, also called 'al-intishar' is today particularly present on the American continent, in Australia, in Europe and in Arabian peninsula. This diaspora is well-known for being widely dispersed.

Besides the Lebanese migrants it is difficult to assess the total number of people of Lebanese in the world. A large community is present in South America, especially Brazil, Argentina and Mexico. Those migrants are highly skilled, especially those present in the ODCE countries.

Lebanon receives around 7 billions of US dollars each year sent by those migrants abroad. In 2015 we count $1.4 billion sent from Saudi Arabia, $1.1 billion from the US, $850'000 sent from Australia, and almost $800'000 sent from each Germany and Canada.

How much does it cost to send money to Lebanon?

Send money to Lebanon is very expensive. According to a recent report of the World Bank, the average cost of sending money with a bank represents 17% of the total of the transaction. That's huge. Cash international services cost in average 9.1% for receiving cash in Lebanon in minutes. Online money transfer operators are cheaper as they cost on average 6.7% of the total of the transaction. And finally post offices which are other options to send money to Lebanon cost on average 4.2% of the transaction.

The cost to send money to Lebanon is huge that's why it is so important to compare your options before a transfer.