If you need to wire money to Argentina, Western Union is a reliable option. Western Union has a strong presence in Argentina with over 1,000 agent locations across the country.
You can send money to Argentina using a variety of payment methods, including cash, debit card, or credit card. Western Union also offers online money transfers, which can be completed in just a few minutes.
Intro
If you're planning a trip to Argentina, you'll want to be prepared for the local currency and money transfer options. Western Union is a common theme in online expat groups, and creating an account is essential.
Crisp dollar bills with the new Benjamin are recommended for getting the Blue Dollar rate. You can also use your international credit card for transactions, but be aware of the exchange rates and fees.
Getting to Argentina requires some planning, and it's helpful to have a resource that brings everything together. I wish I had a resource like this when I was preparing for my trip, so I'm glad I can provide it for you now.
To get started, consider getting travel medical insurance with SafeyWing, booking your stay with Booking.com, and checking flights with Skyscanner or Hopper.
Sending Money to Argentina
Sending money to Argentina can be a bit tricky, but it's doable with the right information. You can send money to Argentina through various channels, including online money transfer services, banks, and specialized money transfer companies.
The cost of sending money to Argentina can vary greatly depending on the transfer method you choose. For example, online money transfer services like TransferWise can be up to 8 times cheaper than traditional banks.
Make sure to research and compare the fees and exchange rates of different transfer services before making a decision. This will help you save money and get the best deal for your transfer.
For more insights, see: What Has Two Banks but No Money?
Get Your
You can send money to Argentina via online money transfer services, which often have faster transfer times than traditional banks.
The fastest transfer time is usually offered by services like TransferWise, which can take as little as 1-2 business days.
Many online services also offer real-time exchange rates, which can save you money compared to banks.
Related reading: How Long Does It Take to Wire Money Internationally
TransferWise, for example, offers a mid-market exchange rate that's closer to the real exchange rate than what banks offer.
Some services, like TransferWise, also charge lower fees than traditional banks.
TransferWise's fees start at 0.5% of the transfer amount, which is significantly lower than what banks charge.
You can also send money to Argentina using a debit or credit card, but this method is often more expensive and less secure than online money transfer services.
Online services often provide more secure and convenient ways to send money, such as using a mobile app or receiving a notification when the transfer is complete.
Many online services also offer additional features, like the ability to send money to multiple recipients at once.
You can also track the status of your transfer and receive updates via email or mobile app.
Some services, like TransferWise, also offer borderless accounts that allow you to hold and manage your money in multiple currencies.
On a similar theme: How Does Mobile Money Work
Details Needed
To send money to Argentina, you'll need to gather some essential details. The account number is a must-have, as it's required for international bank transfers.
You may also be asked for additional information, but the account number is the bare minimum. I've had friends who've sent money abroad and it's surprising how often they've forgotten this crucial piece of information.
Here's a breakdown of the details you'll typically need:
- Account number
Keep in mind that the specific details required may vary depending on the provider and the value of the transfer. It's always a good idea to double-check with your provider to ensure you have everything you need.
Step-by-Step Guide
To wire money to Argentina, you'll need to compare your options and find a money transfer provider that suits your needs. Specialist money transfer services nearly always offer better ARS exchange rates and lower fees than your American bank.
Use our table to find a money transfer provider that sends funds to Argentina, and consider factors like transfer speed and payout options. One provider may be better for cash pickups, while another may suit a bank transfer.
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Here's a brief overview of the steps to send money to Argentina:
- Create an account with your preferred service
- Verify your account by uploading an ID document
- Add the transfer information, including the value and currency
- Add your recipient's personal and bank account details
- Fund your payment using a local bank transfer, card, or other supported method
Step 5: Pick Up
You've successfully sent your money abroad, now it's time to pick it up. WorldRemit offers a variety of payout options, which can include cash collection services, depending on the destination.
You can choose from a range of payout options, including cash collection services, when sending money to 48 countries.
To pick up your money, you'll need to follow the instructions provided by WorldRemit, which can be found on their website or in their app.
WorldRemit allows you to set up your payment online or in their app, making it easy to manage your transfer.
How to
To send money to Argentina from the US, you'll need to compare specialist money transfer services, as they often offer better exchange rates and lower fees than American banks.
You can find these services by using a table to compare options, such as the one mentioned in Example 2. This will help you find the best service for your specific needs.
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To create an account, you'll typically need to provide your name, address, contact details, proof of ID, and a method of payment, as stated in Example 2.
When sending money to Argentina, you'll need to provide your recipient's details, including their name and contact information, as well as their Argentinian bank account number, SWIFT or IBAN, and bank branch address.
The amount you can send will depend on the service you choose, with some providers having maximum payment limits, as explained in Example 4.
Here's a step-by-step guide to sending money to Argentina from the US:
1. Create an account with a specialist money transfer service.
2. Verify your account by uploading an image of your ID documents.
3. Add the transfer information, including the value and currency.
4. Add your recipient's personal and bank account details.
5. Fund your payment using a local bank transfer, card, or another supported payment method.
To find the best way to send money to Argentina, consider the options listed in Example 5:
- Online money transfer provider
- Bank transfer
- Cash pickup
- Mobile wallet
- Home delivery
You can also compare the exchange rates and fees of different services, as Tomás did in Example 6, to ensure you're getting the best deal for your transfer.
Some providers, like Instarem and Wise (TransferWise), offer additional services for large money transfers, including tax guidance, foreign exchange tools, and personal account managers, as mentioned in Example 8.
Choosing a Provider
To find the best provider to wire money to Argentina, consider the cost, transfer type, and turnaround time. Review the exchange rates, transfer fees, and transfer limits of each provider.
Compare the mid-market rate to the rate offered by the provider and look for the smallest difference. Some providers may charge a flat fee, while others may charge a percentage of the transfer amount. For example, a provider offering a flat fee might work out better if you plan to send a large amount.
Some providers, like MoneyGram, have transfer limits, such as $25,000, while others, like Instarem, allow unlimited transfers. Discounts may also be available for signing up or transferring a certain amount.
Recommended read: Argentinian Peso Blue Rate
Download the Western Union App
The Western Union App is a must-have while in Argentina. It allows you to make transfers, check on the process of your transfer, and most importantly, contains the MTCN number, which you'll need to pick up your money at the onsite location.
The app also contains your history of transfers, where you can click on each transfer to see the exchange rate, the total USD amount, and the total peso amount.
You can download the Western Union App and start using it to manage your money transfers efficiently.
The app is designed to make your life easier, and with it, you'll be able to track your transfers and access important information at your fingertips.
By downloading the Western Union App, you'll be able to stay on top of your money transfers and make the most of your experience in Argentina.
Understand Western Union
Western Union is a popular option for sending money to Argentina, but it's essential to understand how it works. You can download the Western Union app to make transfers, check on the process of your transfer, and find your MTCN number.
The app also contains your history of transfers, which can be useful for tracking your transactions. You can click on each transfer to see the exchange rate, the total USD amount, and the total peso amount.
Some Western Union locations in Argentina may not be listed on Google Maps, so it's a good idea to use the "find locations" feature in the app. Additionally, not all locations have money available at all times, so it's a good idea to call ahead and confirm availability.
You should also be prepared for long lines at some Western Union locations, especially during peak hours or at the end of the month. There have been instances where people have waited in line for a while, so it's a good idea to bring something to do, like a book or your phone.
Here's a breakdown of some key facts about Western Union in Argentina:
Prepare Yourself
To make a smooth money transfer to Argentina, it's essential to be prepared. Bring your passport, as most Western Unions ask to see it. They'll also make a photocopy of it for their records.
The MTCN number is another crucial thing to know. It's a unique 10-digit number connected to every transaction, listed on the front page of the Western Union app once you log in. I usually zoom in on my phone and hold it up to the glass so the teller can see it better.
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You'll also need to know the exact amount in pesos. I recommend logging in to the Western Union app, clicking on the transfer, and taking a screenshot of the details, including the MTCN and exact peso amount.
In some cases, the teller might ask for your local address. It's rare, but just in case, know that you can provide the address of your hotel or Airbnb.
Here's a quick checklist of the things you'll need to bring or know:
- Passport
- MTCN number
- Exact amount in pesos
- Local address (optional)
Choosing Companies
Choosing a provider can be a daunting task, especially when it comes to sending money abroad. Consider the cost of the transfer, as exchange rates and transfer fees can vary significantly between providers. Not all money transfer providers offer the mid-market rate, so compare the Argentine pesos you're offered to the mid-market rate and look for the smallest difference.
To find the best provider, you'll need to weigh the pros and cons of each option. Instant cash pickups tend to be more expensive than bank transfers, for example. If you need your transfer to arrive quickly, be prepared to pay for an express delivery. Companies like MoneyGram may charge more for instant cash pickups, but they can get your money to your recipient in Argentina within minutes.
Related reading: Money Market Accounts Earnings
Some providers may offer a free transfer simply for signing up, or a discount if you transfer more than a specific amount of Argentine pesos. Transfer limits are also an important consideration, as some providers may have limits on the amount you can send. For example, MoneyGram has a transfer limit of $25,000.
To get the best deal, compare the fees and exchange rates of different providers. You can use a comparison engine like Monito to find the best provider for your needs. According to Monito, the best-rated provider for transfers from the USA to Argentina is Remitly, with a rating of 9.3/10.
Here are some of the top providers for transfers from the USA to Argentina, based on Monito's comparison engine:
Keep in mind that the best provider for you will depend on your specific needs and preferences. Be sure to research each provider thoroughly and read customer reviews before making a decision.
Comparison and Tips
Always double-check your recipient's information to avoid delays when sending money to Argentina. This simple step can save you time and hassle in the long run.
To find the best deal for your money transfer, compare the fees and exchange rates of different providers. According to our comparison, Remitly is currently the cheapest option, with a fee of 0 AUD and an exchange rate of 693.4000 AUD/ARS.
When transferring money, be aware of the exchange rates and how they can impact the amount your recipient receives. For example, a 3% exchange rate markup can add up quickly, so it's essential to shop around and find the best rate.
Here's a quick comparison of the cheapest options:
By following these tips and comparing your options, you can save money and ensure that your recipient receives the full amount you intend to send.
Tips for Securely
Double-check your recipient's information to avoid delays. This simple step can save you and your recipient a lot of time and hassle.
Be aware of the exchange rates, as this can impact the amount your recipient receives. It's essential to factor in the exchange rate to ensure your recipient gets the right amount.
Always verify your recipient's information to prevent errors. This includes their name, address, and bank account details.
Compare 5 Providers for $100
To compare the best providers for sending $100 to Argentina, we need to consider several factors. The exchange rate is a crucial one, as it can impact the amount your recipient receives. Be aware of the exchange rates, as this can impact the amount your recipient receives.
According to our comparison, Remitly offers a preferential fee and/or exchange rate on your first transfer. Their transfer time is Same day, and they charge a fee of $0. The exchange rate is 1117, which is 7.3% better than the mid-market rate.
Western Union, on the other hand, offers zero transfer fees and/or a preferential exchange rate on your first transfer. Their transfer time is 1 to 4 days, and they charge a fee of $0. The exchange rate is 1187, which is 13.99% better than the mid-market rate.
XE Money Transfer offers a fee of $4.00, with a transfer time of Next day. Their exchange rate is 1123, which is 7.83% better than the mid-market rate.
If this caught your attention, see: Types of Money Market
Instarem offers a fee of $0, with a transfer time of 2 to 3 days. Their exchange rate is 1034, which is 0.71% worse than the mid-market rate.
Here's a quick comparison of the providers:
It's essential to compare the fees and exchange rates carefully to ensure you get the best deal for your recipient.
Frequently Asked Questions
How much money can you legally wire transfer internationally?
You can wire transfer any amount internationally, but be aware that transfers over $10,000 may be reported to the IRS. Check with your bank for their specific maximum wire transfer limits.
Sources
- https://nickipoststravelstuff.com/western-union-argentina-step-by-step-for-first-timers/
- https://www.finder.com/international-money-transfers/send-money-internationally/send-money-to-argentina
- https://www.remitly.com/us/en/argentina
- https://www.monito.com/send-money/united-states/argentina/usd/ars
- https://www.thecurrencyshop.com.au/international-money-transfers/send-money-to-argentina
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