RwandaRWFRwandan Franc
Rwanda moved away from cash earlier than its neighbors: payments here have long been done through phones, mobile payments are more widespread than bank cards. The official currency is the franc, but for transfers, the first step is to clarify the details: money can be sent to an account, to a card, or issued as cash, not to a mobile wallet.
The route, the receiving bank and the payout amount are agreed before payment.
The national currency is the Rwandan franc (RWF). Rwanda is a small country in East Africa that has been actively developing its digital infrastructure and cashless payments in recent decades. Mobile wallets and mobile transfers are very widespread and are used more often than bank cards in many everyday scenarios, so before sending funds, it is important to clarify which payment method is convenient for the specific recipient. IBAN format is not used in Rwanda: for international SWIFT transfers, you typically need the bank's SWIFT/BIC code, account number, and the recipient's full name.
Rwanda has not imposed its own sanctions against Russia, however, a specific transfer depends on the recipient bank, correspondent chain, and standard AML/KYC checks. The country has four official languages — Kinyarwanda, English, French, and Swahili; banking documents and international details are drawn up in Latin characters. A special local feature is Umuganda, a national day of community work that traditionally takes place on the last Saturday of the month: in the morning hours, the operation of shops, institutions, and some bank branches may be limited, so it's best not to plan cash withdrawals for that time. The capital and main financial center is Kigali. Rwanda operates on UTC+2 time zone and is 1 hour behind Moscow. ATM24 checks the available transfer route and payment method in advance before confirming the application. The time for international SWIFT transfers is 2–5 business days. ATM24 commission is from 0.9%.
Cards are issued by major banks in the country, deposits are made in francs. The application includes the recipient's card number and their name in Latin characters. Deposits are made in francs at the rate from the application. Check with the recipient whether they use a card at all
Details without IBAN: the bank's SWIFT code, account number, and recipient's name. Not everyone has an account - this should be clarified before submitting the application. The name is transferred from banking documents in Latin characters. The transfer route to the bank is verified before sending the money
You can withdraw cash in Kigali and major cities in the country. The main location is Kigali, Rwanda's business center. On the last Saturday of the month, banks in Rwanda are closed until noon due to Umuganda - this is a local practice, not a service limitation. The available cash amount is confirmed when submitting the application
For Rwanda, you need the SWIFT code of the recipient's bank, account number, and their name in Latin characters; IBAN format does not exist in the country. Rwanda has not imposed sanctions against Russia. The main thing to clarify in advance is how the recipient prefers to receive the money: this determines both the transfer route and the required details.
We accept RUB, USD, EUR and USDT — we pay out in RWF
RUB RWF
15.74per 1 RUB
10 000 ₽ = 157 410 RWFUSD RWF
1,397.45per 1 USD
100 $ = 139 745 RWFEUR RWF
1,607.53per 1 EUR
100 € = 160 753 RWFUSDT RWF
1,397.45per 1 USDT
100 USDT = 139 745 RWF| You send | Payout in RWF |
|---|---|
| 100 USDT | 139 745 RWF |
| 300 USDT | 419 235 RWF |
| 500 USDT | 698 725 RWF |
| 1 000 USDT | 1 397 450 RWF |
| 5 000 USDT | 6 987 250 RWF |
Where recipients usually get the money in Rwanda
Equity Bank Rwanda — a universal bank with retail and corporate services. Recipients may use an account, card, branch, or mobile banking.
Bank of Kigali BK — a commercial bank providing accounts, cards, and transfers. It is suitable for recipients who use bank account details.
I&M Bank Rwanda — a bank focused on everyday accounts and card operations. The recipient should provide the exact details and payout currency.
GT Bank Rwanda — a bank serving personal customers and small businesses. Its services typically include accounts, cards, branches, and digital banking.
Ecobank Rwanda — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National currency
The national currency is the Rwandan franc (RWF); the rate is formed under a managed floating system. The market is actively developing: Rwanda is one of the leaders in financial inclusion in Africa.
Card systems
Visa and Mastercard are accepted in Kigali. MTN MoMo is the largest mobile wallet. MoKash and Airtel Money are also popular. Bank of Kigali and Equity Bank Rwanda are the main card issuers. BNR supports the Irembo Pay digital wallet.
Payment applications
Mobile payments and electronic wallets are widely distributed and play a notable role in everyday transactions.
Interbank transfers
IBAN format is not used in Rwanda: for international transfers, the bank's SWIFT/BIC code and account number are used.
Financial regulator
National Bank of Rwanda (BNR) is the central bank and financial regulator; located in Kigali. BNR licenses banks and payment systems. Rwanda has not imposed sanctions against Russia.
Features for ATM24
Rwanda has not imposed 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
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.
Real stories from real people
Thanks to manager Emil for the promptness! I withdrew money from the ATM by code as fast as possible )
Read full reviewYandex
I was in Dubai and needed dirhams. I only have cards from Russian banks, and they aren’t accepted in the UAE so I couldn’t withdraw money. I found this firm on the internet; they helped me get dirhams using a QR code at an ATM near the hotel. Everything was prompt and very fast, I recommend them! Special thanks to manager Ekaterina, she explained everything and helped!
Read full reviewThey accepted payment very quickly and provided a spot to withdraw baht. They offer several methods — via terminal or courier (paid). Not a scam. Although I was initially a bit scared
Read full reviewManager Emil got in touch immediately after we sent the request, was constantly available and told us what to do. The money was delivered quickly, everything honest, they literally saved us from hunger in Pattaya. If, God forbid, you, like us, are left without a penny of foreign currency and only have rubles on a card — definitely contact them, the rate is reasonable and they work promptly. I recommend!
Read full reviewThey did everything quickly and precisely, manager Ekaterina helped, thank her very much
Read full reviewTrustpilot
Thank you for the provided service. They solved the problem quickly and professionally. Manager Alisa handled the deal consistently and tactfully. Very convenient.
Read full reviewEverything was fair and prompt, manager Ekaterina answered all the questions.
Read full reviewWe agree the rate and the payout method before payment — pick where the money goes.
Country not found
We've compiled answers about the Rwandan franc, how payments are made in the country, and the transfer procedure.
To arrange an RWF payout in Rwanda, ATM24 first checks the receiving channel for the Rwanda RWF payout route. The route is confirmed before payment, including Bank of Kigali, Equity Bank Rwanda, card or account details, sender payment method, fee from 0.9%, and timing from 15 minutes. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
In Rwanda, an RWF transfer may go to a bank-issued card or bank account depending on the receiving bank. ATM24 checks the Rwanda RWF payout route through a bank such as I&M Bank Rwanda or Rwanda Development Bank and confirms whether card payout, account payout, or only one option is available. The sender pays after that route is confirmed. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
For Rwanda, ATM24 can review an RWF payout through banks such as Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda. The manager checks whether the selected bank route supports the incoming transfer and which account or card details are needed. The bank route is confirmed before payment.
Recipient details for Rwanda in RWF depend on the bank or payout channel named in the order. ATM24 may need the recipient name, Bank of Kigali or another bank, account or card data, and payment purpose. The sender pays only after those fields are confirmed. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
For Rwanda, an RWF payout may be fast only after the selected channel is checked. ATM24 reviews Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda plus card or account payout options before giving timing. The manager confirms the expected time before the sender pays. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
The fee for sending money to Rwanda with payout in RWF is calculated from 0.9% through ATM24. ATM24 shows the sender the fee, exchange conditions, payout route through I&M Bank Rwanda or Equity Bank Rwanda, and amount the recipient should receive before payment. Bank-transfer fees, card conversion fees, and DCC markups from the sender's provider are separate. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
Yes, ATM24 can calculate a transfer to Rwanda in RWF where the sender pays by card, bank transfer, USDT, or another available method. ATM24 checks the Rwanda RWF payout route, payment currency, exchange conditions, bank details such as Bank of Kigali or Equity Bank Rwanda, and the final payout amount. Sender-side card or bank fees are separate from the ATM24 calculation. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
For Rwanda, the minimum RWF transfer through ATM24 starts from 100 USD or the equivalent. The upper limit is route-based: the manager checks Bank of Kigali, I&M Bank Rwanda, recipient details, payout method, and document requirements before payment. A route through I&M Bank Rwanda may have different limits than a card or non-bank payout. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
For Rwanda, extra documents for an RWF payout depend on the route through I&M Bank Rwanda, Equity Bank Rwanda, or another confirmed channel. ATM24 may ask for identification, source of funds, recipient details, and payment-purpose wording. The list is confirmed after the amount and bank route are reviewed. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
For Rwanda, a 1000 USD transfer can produce a different RWF result depending on the receiving route: 1,397,450 RWF. The ATM24 calculation includes Rwanda Development Bank or another confirmed bank, payout method, fee from 0.9%, and exchange conditions. The sender sees the final amount before payment. Bank-route examples for Rwanda: Bank of Kigali, I&M Bank Rwanda, Equity Bank Rwanda, Rwanda Development Bank, and National Bank of Rwanda.
Could not find an answer to your question?
Contact support
