Money is sent from Kuwait to the USA mainly through exchange offices or banks. When transferring via banks, you must provide an IBAN number in addition to some basic information about the recipient. You must also provide a lot of basic information about the recipient to send money via other methods as well, including: name and ID number.
Send Money from Kuwait to USA
Money can be sent from Kuwait to the United States of America easily through places licensed by the Central Bank of Kuwait. Money can also be sent through banks via their websites on the Internet or by going to a branch and then requesting the transfer.
Best Ways to Send Money from Kuwait to USA
There are many ways available to send money from Kuwait to the United States of America, whether the transfer is in KWD or USD, and the following list includes several of the best ways to send money from Kuwait to the United States:
Send money from Kuwait to USA via Western Union
To send money from Kuwait to USA via Western Union, Here’s how you can do it:
- Step 1: Go to the money transfer service on the Western Union website.
- Step 2: Select Send to USA from the drop down menu.
- Step 3: Enter the amount of money you want to transfer in KWD.
- Step 4: Click on the Send now icon.
- Step 5: Select Send Money to USA from the list of countries.
- Step 6: Click on the Continue icon.
- Step 7: Follow the instructions to pay the funds and enter the recipient’s details.
- Step 8: Take a picture of the invoice and send it to the recipient.
- Step 9: Withdraw money through Western Union branches in USA.
Send money from Kuwait to USA via banks
To send money from Kuwait to USA via banks, Just follow these easy steps:
- Step 1: Download the banking app or go to online banking.
- Step 2: Log in to the user account in electronic banking services.
- Step 3: Go to the money transfer service from the customer’s account.
- Step 4: Start a new transfer and then add the other party’s data.
- Step 5: Enter all required data about the recipient and the transfer value.
- Step 6: Complete the process of sending money from Kuwait to USA.
Send Money from Kuwait to USA via Al Muzaini Exchange
To send Money from Kuwait to USA via Al Muzaini Exchange, Here’s what you need to do:
- Step 1: Go to the Al Muzaini website.
- Step 2: Click on the Send Money icon from the top.
- Step 3: Create an account for the new user and then log in.
- Step 4: Proceed to Send Money service from the user account.
- Step 5: Follow the instructions to add the value and recipient information.
- Step 6: Complete the payment process and send the money online.
Send Money from Kuwait to USA via Al Ansari Exchange
To send Money from Kuwait to USA via Al Ansari Exchange, follow these simple steps:
- Step 1: Download Al Ansari Exchange app on your smartphone.
- Step 2: Create an account for the new user and then log in.
- Step 3: Click on Send Money from the application interface.
- Step 4: Click on the All option and then click on the Add New icon.
- Step 5: Complete the process of adding the recipient’s information in the USA.
- Step 6: Proceed to complete sending funds.
- Step 7: Enter the amount of money you want to transfer, then click on the Next icon.
- Step 8: Follow the instructions to pay via K-net.
Send Money from Kuwait to USA via Al Mulla Exchange
To send Money from Kuwait to USA via Al Mulla Exchange, Here’s how to do it:
- Step 1: Go to the Al Mulla Exchange website.
- Step 2: Click on the Remit Online icon from the top.
- Step 3: Create an account for the new user and then log in.
- Step 4: Proceed to Remit Online service from the user account.
- Step 5: Follow the instructions to add the value and recipient information.
- Step 6: Complete the payment process and send the money.
Factors Affecting KWD-USD Exchange Rate
The following list shows the most prominent factors affecting KWD-USD exchange rate:
- Inflation gap: If the inflation rate of the two currencies remains constant, then the exchange rates between them may be more stable, and prices become different in the event of a difference in the inflation rate, and if the rate increases for one currency more than another, then this leads to a decrease in its value.
- Interest Rate: The level of investor appetite for buying a currency varies according to interest rates, and this directly affects the price of this currency compared to other currencies, and is one of the most prominent factors that cause the exchange rates between USD and KWD to differ from time to time.
- Public debt of the country: Investors’ interest in the currency decreases when the public debt of the country becomes high, which directly causes inflation rates to rise and leads to a decrease in its value compared to other currencies that are in better demand.
How to check KWD-USD Exchange Rate before send Money
To check KWD-USD exchange rate before send money, follow these simple steps:
- Step 1: Go to Al Mulla International Exchange website.
- Step 2: Scroll down to Exchange Rate service from the main interface.
- Step 3: Select USA from the Destination Country list.
- Step 4: Enter the amount of money in Kuwaiti Dinars in the left field.
- Step 5: Check the value of money in USAn currency.
How to Convert from KWD to USD online
To convert from KWD to USA Dollar online, Just follow these easy steps:
- Step 1: Go to Al Mulla International Exchange website.
- Step 2: Scroll down to Exchange Rate service from the main interface.
- Step 3: Select USA from the Destination Country list.
- Step 4: Enter the amount of money in KWD in the left field.
- Step 5: Check the value of money in USD currency.
How to Convert from USD to KWD online
To convert from USD to KWD online, Here’s how you can do it:
- Step 1: Go to Al Mulla International Exchange website.
- Step 2: Scroll down to Exchange Rate service from the main interface.
- Step 3: Select USA from the Destination Country list.
- Step 4: Enter the amount of money in USD in the right field.
- Step 5: Check the value of money in KWD currency.
Tips to send money from Kuwait to USA at the cheapest price
The following list includes the most important tips to send money from Kuwait to USA at the cheapest price:
- Seek the help of a specialist: It is a good idea to go to a specialist from among friends and individuals to consult them regarding sending money from the United States of America to Kuwait, in order to provide suggestions that help in choosing the place that provides the best service for the lowest commission.
- Time taken: Some methods may take longer for the money to reach the recipient in the USA than others, and one should take into account the time difference if they want the money to reach the recipient quickly.
- Choosing a reliable and licensed place: A person in Kuwait must go to a reliable place licensed by the Central Bank to send money, in order to avoid falling into any fraud or deception.
- Considering fees and taxes: Sometimes some places charge high fees for sending money from Kuwait to the United States of America while other places do not charge fees, and a person must consider the value of fees and taxes when wanting to send money so as not to pay a lot of extra money.
- Check the exchange rate: One should check the exchange rate on the day one sends money from Kuwait to the United States of America; exchange rates sometimes change significantly from one day to the next, and the difference in value may be large if one wants to send a lot of money.
- Waiting for the exchange rate to drop: One can wait until the exchange rates are low before sending money to the USA to get the maximum benefit if one does not need to send money urgently.
Conclusion
Through Kuwait How website, you can learn a lot of important information regarding sending money from Kuwait to the USA. This website provides a lot of information about the Kuwaiti dinar, its price against the US dollar, and the method of converting between the two currencies online as well.
