MaliXOFWest African CFA Franc
XOF is a stable currency for 8 countries in the WAEMU zone: it is strictly pegged to EUR at the rate of 655.957 XOF = 1 EUR since 1999. Russians transfer XOF to Mali to diaspora and partners through BDM SA or Ecobank Mali - IBAN does not apply, you need the bank's SWIFT code and account number. Mali did not introduce sanctions against Russia - the country has moved closer to Russia after the 2021 military coup.
The route, the receiving bank and the payout amount are agreed before payment.
Mali uses the West African CFA franc (XOF) — a common currency of the West African Economic and Monetary Union (WAEMU) countries. XOF is strictly pegged to the euro at a fixed rate of 1 EUR = 655.957 XOF, which has been in effect since the introduction of the euro in 1999. In addition to Mali, XOF is used in Senegal, Côte d'Ivoire, Burkina Faso, Guinea-Bissau, Niger, Togo and Benin. The IBAN format does not apply in Mali: for an international SWIFT transfer you typically need the bank's SWIFT/BIC, account number and recipient's full name. The country's largest banks are BDM SA, one of Mali's leading banks, Ecobank Mali, part of the pan-African Ecobank group, and BCI Mali.
Thanks to the fixed XOF to EUR rate, currency risk between the euro and the CFA franc is limited: 1 EUR = 655.957 XOF. ATM24 checks the available route and receiving bank in advance before payment. Mali has not introduced its own sanctions against Russia; following political changes in 2021, the country has notably moved closer to Russia and reduced cooperation with France and a number of European partners. However, international transfers still go through standard AML/KYC checks by banks and correspondents. ATM24 commission starts from 0.9%. The timeframe for international transfer is several business days and will be clarified when you submit your request.
XOF. Ecobank Mali and major banks in the country issue Visa and Mastercard cards. Card infrastructure is part of the pan-African Ecobank network. Details: recipient's Visa or Mastercard number. Commission from 0.9%. Clarify route and timeline with ATM24 manager
XOF. IBAN does not apply in Mali - you need the bank's SWIFT code and account number. XOF is fixed to EUR (655.957 XOF = 1 EUR). SWIFT: BDM SA (clarify with manager), Ecobank Mali (clarify with manager). Account number and recipient's name. Commission from 0.9%
XOF cash through agreed pickup points. Mali is a developing country where cash XOF is the primary payment method. Receive XOF at agreed pickup points. Commission from 0.9%. Pickup locations - clarify with ATM24 manager
To transfer to Mali you need the bank's SWIFT code and account number (IBAN does not apply). XOF is pegged to EUR (1 EUR = 655.957 XOF) - the rate to the ruble depends on EUR/RUB. Clarify the route with an ATM24 manager.
We accept RUB, USD, EUR and USDT — we pay out in XOF
RUB XOF
6.08per 1 RUB
10 000 ₽ = 60 824 XOFUSD XOF
545.3per 1 USD
100 $ = 54 530 XOFEUR XOF
618.16per 1 EUR
100 € = 61 816 XOFUSDT XOF
545.3per 1 USDT
100 USDT = 54 530 XOF| You send | Payout in XOF |
|---|---|
| 100 USDT | 54 530 XOF |
| 300 USDT | 163 591 XOF |
| 500 USDT | 272 651 XOF |
| 1 000 USDT | 545 302 XOF |
| 5 000 USDT | 2 726 509 XOF |
Where recipients usually get the money in Mali
BMS Banque Malienne de Solidarité — a universal bank with retail and corporate services. Recipients may use an account, card, branch, or mobile banking.
BNDA Mali — a commercial bank providing accounts, cards, and transfers. It is suitable for recipients who use bank account details.
Type: Private (pan-African Ecobank Transnational group); Accepts transfers from Russia: Yes (clarify SWIFT with manager)
Société Générale Mali — a bank serving personal customers and small businesses. Its services typically include accounts, cards, branches, and digital banking.
Orabank Mali — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National currency
Banque Centrale des États de l'Afrique de l'Ouest (BCEAO) - the central bank of the WAEMU zone, regulating the monetary and credit system of Mali and other countries in the currency union. The national currency is XOF (West African CFA franc), a common currency of 8 WAEMU countries. The XOF rate is strictly pegged to the euro and has been 1 EUR = 655.957 XOF since 1999.
Card systems
Mali is one of Africa's largest gold producers and exporters, with production of around 70 tons per year, while remaining one of the poorest countries in the world by GDP per capita.
Payment applications
Orange Money is the largest mobile wallet. The country is part of the BCEAO/WAEMU zone. Mobi Cash and CelPay are also available for domestic transfers. Most transactions are conducted with cash West African CFA francs.
Interbank transfers
The IBAN format does not apply in Mali: for an international transfer you typically need the bank's SWIFT/BIC, account number and recipient's full name.
Financial regulator
Following the 2021 coup, Mali came under military authority, significantly reduced cooperation with France and strengthened engagement with Russia.
Features for ATM24
Mali has not introduced its own sanctions against Russia.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
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Country not found
Mali - XOF (West African CFA franc), no IBAN. Below are answers to common questions about money and transfers.
For a transfer to Mali in XOF, ATM24 builds the order around the recipient's payout method on the West Africa XOF payout route. The sender sees the route, fee from 0.9%, expected timing from 15 minutes, and final amount before payment; if details change, the calculation is updated. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
A card or bank-account payout in Mali in XOF is possible only when the selected route supports it. ATM24 verifies whether the recipient's card, account number, and name match the West Africa XOF payout route. The manager confirms the selected bank, such as Bank of Africa Mali or Banque de Développement du Mali, before payment because card and account rules may differ. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
ATM24 can check whether an XOF transfer to Mali may go through Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank. The receiving bank must match the recipient details and accept the selected payout route. The manager confirms the bank, account or card format, and final amount before payment.
For Mali, ATM24 does not use one universal recipient form for every XOF transfer. The details are checked by route: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank, card payout, account payout. Name, account/card data, and payout currency must match the selected option. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
An XOF transfer to Mali can start from 15 minutes after ATM24 confirms the recipient route. Timing depends on amount, recipient details, and West Africa XOF payout route, Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, card route, account route, and recipient-name matching against the selected bank record. The expected payout window is shown before payment. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
An XOF transfer to Mali through ATM24 has a fee starting from 0.9%, but the useful number is the final amount after the route is checked. ATM24 confirms the West Africa XOF payout route, bank such as Banque de Développement du Mali, exchange conditions, sender's payment method, and payout amount. Any fee charged by the sender's card issuer or bank should be checked separately. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
Yes, the sender can use an available card, bank transfer, USDT, or another confirmed method while the recipient receives XOF in Mali. The manager checks Bank of Africa Mali, Ecobank Mali, payout route, exchange conditions, and final amount before payment. Any card conversion or sending-bank fee remains outside the recipient payout. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
ATM24 accepts transfers to Mali in XOF from 100 USD or the equivalent. The maximum amount is not a single country-wide number; it depends on the West Africa XOF payout route, bank rules, payout channel, sender payment method, and recipient data. For a large transfer, the manager confirms the limit and documents before the sender pays. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
For a large XOF transfer to Mali, ATM24 reviews documents around West Africa XOF payout route, Bank of Africa Mali, Ecobank Mali, recipient-name match, route limit, payment purpose, source-of-funds review, and recipient-name matching against the selected bank record. The request may require sender ID, source-of-funds details, recipient bank data, and payment purpose. The manager confirms the exact list before payment. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
If you send 1000 USD to Mali, the recipient amount in XOF is not a generic market-rate number: 545,301.82 XOF. The calculation uses the payout route, bank such as Banque de Développement du Mali, fee from 0.9%, and exchange conditions. ATM24 confirms the final amount before the sender pays. Bank-route examples for Mali: Bank of Africa Mali, Ecobank Mali, Banque de Développement du Mali, National Bank of Agricultural Development, and Mali Development Bank.
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