What It Costs to Send Money to Cabo Verde from the US
In the 2024 Q3 World Bank Remittance Prices Worldwide quarterly survey, sending USD 200 from the United States to Cabo Verde carried a median total cost of 10.33% and an average total cost of 10.93% of the amount sent. Total cost in this context combines two components: the transfer fee charged by the provider and the exchange-rate margin, which is the difference between the mid-market exchange rate and the rate applied to the transaction. Both components are expressed together as a percentage of the USD 200 send amount.
Across the 13 providers surveyed in that same 2024 Q3 snapshot, quoted total costs ranged from a low of 0.32% to a high of 22.50%, reflecting substantial variation within the corridor. The cheapest surveyed option in the 2024 Q3 survey was Walmart2World at 0.32% total cost. Because the survey is dated, provider pricing may have changed since that period.
Costs within this corridor can also differ depending on the payment method selected, such as bank account or debit card, and the payout method available to the recipient. The World Bank survey is updated quarterly, so figures from any single period reflect a point-in-time snapshot only. The per-provider table below presents the individual quotes recorded during the 2024 Q3 survey.
Surveyed providers (2024 Q3)
| Provider | Type | Pay-out | Speed (surveyed) | Total cost, $200 | Total cost, $500 |
|---|---|---|---|---|---|
| Walmart2World | Bank | Agent | Less than one hour | 0.32% | 0.32% |
| Walmart2World | Bank | Internet | Less than one hour | 5.33% | 4.73% |
| MoneyGram | MTO | Internet | Less than one hour | 5.48% | 4.28% |
| MoneyGram | MTO | Internet | Less than one hour | 8.48% | 6.98% |
| Walmart2World | Bank | Internet | Less than one hour | 8.51% | 7.00% |
| Western Union | MTO | Internet | 3-5 days | 10.03% | 8.53% |
| Western Union | MTO | Internet | Less than one hour | 10.33% | 9.23% |
| MoneyGram | MTO | Agent | Less than one hour | 11.00% | 7.40% |
| Walmart2World | Bank | Agent | Less than one hour | 11.24% | 7.64% |
| Western Union | MTO | Agent | Less than one hour | 12.58% | 10.18% |
| Western Union | MTO | Internet | Less than one hour | 13.83% | 12.13% |
| Citibank | Bank | Bank branch | 2 days | 22.50% | 9.00% |
| Citibank | Bank | Call Center | 2 days | 22.50% | 9.00% |
Total cost = transfer fee + exchange-rate margin, as a percent of the amount sent, at the two surveyed send amounts ($200 / $500). Surveyed prices, not live quotes.
Estimate your transfer cost →Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Figures are from the 2024 Q3 survey — surveyed prices, not live quotes.