How to Send Money to Argentina: Top Money Transfer in 2021
by William Plotnick
Updated May 6, 2021
Are you looking to transfer money to Argentina? We’ve noticed that many people are paying large amounts of money in fees and high exchange rates. Money transfers don’t have to be super expensive. We took it upon ourselves to research the market to find the best money transfer services. Whether you are learning about money transfers or you need to send money to Argentina today, we’ll help you find the best money transfer service.
There are 4 main ways that you can choose to send money to Argentina. Through a wire transfer, a bank, mobile apps or an online money transfer service. We are going to break it all down so that you can pick the best option. Transferring money can be a hassle, but it doesn’t have to be.
InstaReM is a fin-tech company that offers online cross-border money transfers. They offer some of the best exchange rates in the market, resulting in a cheap money transfer. InstaReM provides transaction services to individuals and businesses.
Ria is an online money currency exchange company. They started off as a small exchange store back in 1987 and are now one of the largest money transfer services in the world! Ria offers great rates and makes sending money fast and easy.
Below are the main takeaways:
Transfer Speed (minimum time)- 3-5 business days
Transfer Fee- 1 USD
Minimum Transfer Amount- 1 USD
Banks vs Money Transfer Specialists
Sending money to the other side of the globe is much easier than it was 10-15 years ago. Money transfers really aren’t that big of a deal. In fact there easy!
With all the options available, finding the right method to transfer your money is difficult. Transferring money by a bank is definitely the old school traditional way, but that doesn’t necessarily mean its the smartest.
Money transfer services and banks know how to move money around the world. When it comes down to it, they both are professionals.
The bottom line is that money transfer specialists tend to be cheaper and faster.
Let’s check out a study case:
Juan came to the United States for a year to get a better paying job for him and his family. Juan works as a sales representative and sends $5,000 back to his family every 3 months.
Juan works hard and he wants his family to get the maximum amount of cash from the money transfer. Below is the research that Juan did, he compared a US bank and an online money transfer company:
Online Money Transfer Company
Transfer Amount (USD)
1 USD-58.212 ARS
7 business days
1-2 business days
Can you guess how Juan Sent money to his family?
That’s right, he transferred the money with an online money transfer company saving close to 9,000 ARS!
Comparing Money Transfer Services
Now that you understand the foundation, you can get more out of your money if pay attention and compare the following points:
Exchange Rates- checkout the rate you’re offered and compare it to the mid-market rate. You’re looking for the smallest margin.
Fees- most money transfer services have fees. There are 2 main types of fees:
Flat Fees– a flat price, for example, a $10 fee for a transfer up to $1,500.
Percentage Fee– a percentage of the total transaction, for example, 1% of the transfer amount.
Transfer Methods- there are many different ways to transfer money: banks, money transfer services, peer to peer apps. Each method has different fees, so be aware.
Transfer Speed- money transfer services offer different transfer speeds. If you need to transfer money quickly, Western Union offers cash pickups in minutes.
Transfer Amounts- the amount of money you transfer is important to take into consideration when you choose your service.
Large cash transfers- look for the best exchange rate (most providers promote large transfers by offering low fees).
Small cash transfers- lookout for the fees that you’ll pay on top of the exchange rate, they’ll be more significant.
Customer Service- make sure that the transfer service that you choose offers customer service along the way. Better safe, if you need it.
There are so many ways to send money overseas! Truth be told the methods we shared above a super easy!
Although transferring money is easy, do your research. Compare the options, exchange rates, and fees.
Taking further action can save you time, money and a big load of commotion in the future. Stay informed and get the most out of your money, you deserve it!
William is the Head Content Editor at FinancePond. He holds a Masters of Arts from Colombia University and a Masters of Arts from New York University. In short, William is a blogging machine. In addition to writing for FinancePond, William runs a non-profit media arts company.