Argentina is a popular destination for international money transfers, especially with the country’s fluctuating economy and unique exchange rate systems. Whether you’re sending money to family or for business purposes, it’s essential to understand the best methods available.
In this guide, we’ll explore the various ways you can send money to someone in Argentina, including the best platforms, rates, and options for U.S. senders.
Exchange Rates: Western Union USD to Argentina Peso
Western Union offers reliable and secure options for transferring money from the USA to Argentina. Recipients can pick up cash from one of many agent locations throughout Argentina, or you can opt for a direct bank deposit. Depending on your urgency, you can choose faster or slower options at different costs.
Steps to Send Money via Western Union:
- Visit the Western Union website or app.
- Enter the amount in USD.
- Choose cash pickup or bank deposit.
- Pay securely with your preferred method.
Argentina’s “blue dollar” refers to the parallel exchange rate that is often more favorable than
the official rate. Western Union typically uses the official exchange rate, so it’s essential to
compare this with the “blue dollar” rate if you’re looking to maximize your recipient’s payout. Note that Western Union does not officially operate with the blue dollar, but knowing the difference can help you decide the best method for transferring money.
Best Way to Send Money to Argentina
When transferring money to Argentina, you have several options. Traditional banks, money transfer services like Western Union and Wise, and online platforms offer various solutions. Each method has its advantages in terms of fees, speed, and exchange rates.
Factors to Consider When Choosing a Transfer Service:
● Fees: Compare different platforms for transparent fee structures.
● Transfer Time: If you need a quick transfer, services like Western Union offer near-instant options.
● Exchange Rates: Ensure you get the best conversion rate by comparing platforms.
Online money transfer platforms like Wise and PayPal offer a convenient way to send money to
Argentina. Wise, in particular, is known for its transparent fees and competitive exchange rates, making it a preferred choice for many senders. With PayPal, you can send money directly to a bank account or for cash pickup at certain locations, though fees may be higher.
Top Money Transfer Platforms to Argentina
Choosing the right platform to send money to Argentina depends on speed, cost, and convenience. Here’s a quick comparison of the top options: Western Union, Wise, PayPal, and Bank Transfers.
- Western Union: Fastest for Cash Pickup
● Speed: Instant cash pickup.
● Cost: Higher fees than others.
● Exchange Rates: Standard rates, not blue dollar.
Ideal for: Quick, urgent transfers. - Wise: Cheapest and Most Transparent
● Speed: 1-3 business days.
● Cost: Low, transparent fees with mid-market exchange rates.
Ideal for: Affordable transfers to bank accounts. - PayPal: Convenient for Online Transfers
● Speed: Near-instant transfers to PayPal accounts.
● Cost: Higher fees and exchange rate margins.
● Accessibility: Both sender and recipient need PayPal accounts.
Ideal for: Quick transfers between PayPal accounts. - Bank Transfers: Traditional and Secure
● Speed: Takes 3-5 business days.
● Cost: Higher fees, with less favorable exchange rates.
● Security: Highly secure and regulated.
Ideal for: Sending large amounts securely.
Sending money to Argentina is simple with various platforms available today. Whether you prioritize speed, cost, or convenience, there’s an option for you.
Steps to Send Money to Argentina
Transferring money to Argentina is quick and easy with these steps:
- Choose a Transfer Platform: Popular options include Western Union, Wise, and PayPal.
- Enter Recipient’s Details: Provide the recipient’s name and address.
- Select Currency: Choose USD to ARS (Argentine Peso).
- Make Payment: Pay via credit card, debit card, bank transfer, or online wallets, depending on the platform.
- Confirm: Review the details, fees, and exchange rates before finalizing the transfer.
Fastest Way to Send Money to Someone in Argentina
The fastest method to send money to Argentina is through Western Union’s cash pickup service. Funds can be available for pickup within minutes after completing the transaction.
● Speed: Instant cash pickup.
● Availability: Over 14,000 Western Union locations in Argentina.
● Fees: Generally higher for faster services.
Western Union is perfect for those who need a quick transfer, but keep in mind that faster services come with higher fees. If time is of the essence, this is the best option.
Cheapest Way to Send Money to Someone in Argentina
The cheapest way to send money to Argentina is through Wise (formerly TransferWise). Wise offers transparent fees, competitive exchange rates, and no hidden costs, making it the most cost-effective solution for transfers.
Why Wise is the Cheapest Option:
● Transparent Fee Structure: Wise charges low, upfront fees with no hidden charges.
● Competitive Exchange Rates: Wise uses the mid-market exchange rate, which is often better than what you get from banks or services like PayPal or Western Union.
● No Hidden Fees: Unlike traditional services, Wise doesn’t inflate exchange rates, giving you the best possible value.
If cost is your primary concern, Wise is the top choice for sending money to Argentina, especially for non-urgent transfers.
Choosing the right platform to send money to Argentina depends on your priorities. Western
Union is the fastest option for immediate cash pickups, perfect if you need speed. Wise offers
the lowest fees and competitive exchange rates, making it the most cost-effective choice for
bank transfers. PayPal provides convenience for online transfers, though it comes with higher
fees. Consider your needs— speed, cost, or ease of use — and choose the option that
works best for you.
