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Sendwave Review

Fee-free money transfers to Africa, Asia, and beyond

Sendwave offers zero-fee or very-low-fee international transfers to Africa, Asia, and beyond. Founded for diaspora communities, Sendwave uses a debit-card-funded model to deliver fast transfers to mobile wallets and bank accounts. It is owned by Wave Mobile Money and is particularly popular for UK, US, and Canada senders going to Nigeria, Ghana, Kenya, Tanzania, and Senegal.

Key facts

  • Typical fee: 0% (no transfer fee)
  • Exchange margin: FX margin built into rate
  • Delivery time: Minutes – 3 days
  • Best for: Africa & diaspora corridors
  • Min transfer: $1
  • Max transfer: Shown in app (My Limits)

Pros

  • Zero transfer fees on most corridors
  • Fast delivery — often minutes to mobile wallets
  • Strong African corridors (Nigeria, Ghana, Kenya, Senegal, Tanzania)
  • Simple mobile app
  • No bank transfer delays for recipients

Cons

  • Debit card funding only — no bank transfer or credit card
  • Limits shown only in-app (not published publicly)
  • Limited cash pickup availability
  • No multi-currency account or debit card for senders

Popular corridors

FAQs

How does Sendwave make money if it charges no fee?

Sendwave earns a small margin on the exchange rate between the mid-market rate and the rate it offers you. This is disclosed in the app quote before you confirm.

What is the 'My Limits' screen in Sendwave?

My Limits is an in-app screen showing your current daily and monthly sending limits and usage. Limits depend on your geography, account history, and verification level — they are not published as a universal table.

Is Sendwave available in Germany?

Yes. Sendwave supports senders from Germany to selected African corridors. Check the app for available destinations and current limits.

Can I fund a Sendwave transfer with a credit card?

No. Sendwave accepts debit cards and some prepaid debit cards. Credit cards and standard bank transfers are not supported.