How To Send Money To Argentina In 2023 (Best Ways And Online)

1. Remitly

Remitly is the most recent player in the game, and one of the best ways to send money to South America in general. Remitly specializes in international money transfers, providing a platform allowing individuals to send and receive money across borders quickly, securely, and at a lower cost than traditional money transfer methods.

Remitly is available in over 20 countries and supports various currencies, including the US dollar, Euro, British Pound, Argentinean Peso, and Chinese Yuan. Remitly’s services include bank transfers, cash pickups, and home delivery options. The company is based in Seattle, Washington, and was founded in 2011. It has since expanded its operations globally and processed over $20 billion in money transfers for its customers.

Send money to Argentina with Remitly (step-by-step):

1. Create a free Remitly account.
2. Enter the recipient’s information. This includes their name, address, and the method of payment they prefer.
3. Choose how much money you want to send and the exchange rate. Remitly will show you all of the fees involved before you confirm your transfer.
4. Choose a delivery method. You can send the money to a bank account, a mobile wallet, or have it picked up in cash.
5. Review your transfer and confirm it. Once you’re happy with everything, click “Send”.

How do they pick up the money? Here are the specific steps involved in each method of delivery:

• Bank deposit: The recipient must provide their bank account number and the CBU (Clave Bancaria Única), a unique identifier for their account.
• Mobile wallet: The recipient must provide the name of their mobile wallet provider and their account number.
• Cash pickup: The recipient will need to go to a Remitly cash pickup location in Argentina and show their ID (Cobro Express, Megatone, Transfery, Girso Express or More Money Transfer).

The delivery time for a Remitly transfer to Argentina typically takes 1-3 business days.

Cash pickup locations

Remitly, specifically when it comes to money transfers to Argentina, offers more convenient cash pickup locations than Wester Union. WU offices are usually crowded with long queues of over one hour. With Remitly you can choose different provides: Cobro Express, Megatone, Transfery, Giros Express (Andesmar), or More Money Transfers.

Here are some screenshots of using Remitly to send money to a cash pickup spot in Argentina

Mobile Wallets and Bank transfers

A huge plus about Remitly is that it can transfer money to all the biggest mobile wallets in Argentina, such as Mercado Pago, NaranjaX, Ualá, Modo, BNA+, and more. It can also transfer fee-free to every major bank in Argentina regulated by the Central Bank (BCRA).

Advantages of Remitly

• Excellent TrustPilot score of 4.1+
• Competitive exchange rates: Remitly offers competitive exchange rates, which means that you get more money for your money.
• Low fees: Remitly charges low fees for its services. This can save you a lot of money, especially if you are sending a large amount of money.
• Fast delivery times: Remitly offers fast delivery times, so you can rest assured that your money will reach your recipient quickly.
• Convenient and easy to use: Remitly is convenient and easy to use. You can send money online or through the Remitly app.
• Wide network of partners: Remitly has a wide network of partners in over 100 countries, so you can send money to almost anywhere in the world.
• Transparency: Remitly is transparent about its fees and exchange rates. You can see exactly how much money you will send and receive before you confirm your transfer.
• Customer support: Remitly has customer support available 24/7. If you have any questions or problems, you can contact Remily’s customer support team for assistance.

2. WorldRemit

WorldRemit was founded in 2010 and is based in London, UK, as a digital money transfer company that provides a platform for individuals to send and receive money across borders.

WorldRemit offers services in more than 130 countries worldwide and supports various currencies, including the US dollar, Euro, British Pound, and many others. They pride themselves on offering low fees and competitive exchange rates, making it a popular choice for people looking to send money abroad.

Send money to Argentina with WorldRemit (step-by-step):

1. Create a free WorldRemit account or get the app.
2. Enter the recipient’s information. This includes their name, address, and the method of payment they prefer.
3. Choose how much money you want to send and the exchange rate. WorldRemit will show you all of the fees involved before you confirm your transfer.
4. Choose a delivery method. You can send the money to a bank account, a mobile wallet, or have it picked up in cash.
5. Review your transfer and confirm it. Once you’re happy with everything, click “Send”.

How do they pick up the money? Here are the specific steps involved in each method of delivery:

• Bank deposit: The recipient will need to provide their bank account number and the CBU (Clave Bancaria Única), which is a unique identifier for their account.

The delivery time for a WorldRemit transfer to Argentina typically takes 1-3 business days. 90% of WorldRemit’s transactions arrive within the same day.

Advantages of WorldRemit

• Excellent TrustPilot score of 4.1+
• Promotions: WorldRemit often offers promotions and discounts, which can help you save even more money on your money transfers.
• Customer support: WorldRemit has customer support available 24/7. If you have any questions or problems, you can contact WorldRemit’s customer support team for assistance.
• Transparency: WorldRemit is transparent about its fees and exchange rates. You can see exactly how much money you will send and receive before you confirm your transfer.

3. Revolut

I’ve covered Revolut many, many times on the blog. In 2022, Revolut got an official banking license in the EU, meaning it is now an official bank with a deposit guarantee.

Revolut uses the interbank exchange rate for currency conversion on international transfers, which means that you’ll get the real exchange rate with no hidden fees. It also offers competitive fees and allows you to send money to over 130 countries.

This method is only valid for countries where Revolut works (EEA, UK, and the US). Revolut is a great option but might require a bit of extra paperwork to set up, and only supports receiving the money in Argentina via bank transfer.

Send money to Argentina with Revolut (step-by-step):

1. Download the Revolut app and create an account.
2. Add money to your Revolut account using a bank transfer, credit/debit card, or Apple Pay.
3. Go to the Payments tab in the app and select “Send Money”.
4. Under Country, select Argentina.
5. Enter the recipient’s details in Argentina, including their name and bank account information.
6. Choose the amount you want to send and select the currency you wish to pay in.
7. Review the transfer details, including the exchange rate and fees.
8. Confirm the transfer by entering your Revolut passcode, or use your fingerprint to authenticate the transaction.
9. Revolut will convert the money and send it to the recipient’s bank account in Argentina.
10. You and the recipient will receive notifications once the transfer is complete.

Unlike Remitly or WorldRemit, Revolut only supports bank transfers. The delivery time is typically 1-3 business days, but most often, transfers arrive within the same day.

Advantages of Revolut

• International money transfers: Revolut allows you to send money to over 150 countries at competitive exchange rates and low fees.
• Fee-free currency exchange: Revolut offers fee-free currency exchange on all of its plans.
• ATM withdrawals: Revolut allows you to withdraw cash from ATMs worldwide without paying any fees.
• Virtual and physical debit cards: Revolut offers both virtual and physical debit cards that can be used to make payments online and in stores.
• Travel insurance: Revolut offers travel insurance that can be purchased through the app.
• Investing: Revolut offers a variety of investment products, including stocks, ETFs, and cryptocurrencies.

4. Western Union

Western Union is best known for its money transfer services. They have recently revamped their website and app making the whole process smoother and quicker. They have also been around for a long time, hence they have plenty of agent locations. You will need to provide the recipient’s name and address and the amount of money you want to send. You will also need to pay a fee for the service.

They are best for cash pickups in remote areas, but the exchange rates are worse than other platforms, and their app is a bit sketchy. If you look for a simple transfer to a local bank account, Remitly might be a good alternative.

Send money to Argentina with Western Union (step-by-step):

1. Go to the Western Union website or mobile app.
2. Create an account or log in to your existing account.
3. Select Argentina as the destination country.
4. Enter the amount of money you want to send and the recipient’s name, address, and phone number.
5. Choose how you want to pay for the transfer. You can pay with a credit or debit card, bank account, or cash at a Western Union agent location.
6. Review the transfer details and confirm the transfer.
7. You will receive a tracking number (MTCN). Share this number with the recipient so they can track the transfer and pick up the money.

Some things to keep in mind

• The exchange rate offered by Western Union may be lower than that offered by other alternatives like Remitly or World Remit.
• Western Union charges a fee for its money transfer services. The fee varies depending on the money you send and the destination country. You get the first transaction for free when using the mobile app.
• You can track the status of your money transfer on the Western Union website or mobile app.
• The recipient must provide identification and the MTCN to pick up the money.

Advantages of Western Union

• Global reach: Western Union has a larger global network of agent locations than Remitly or WorldRemit. This means it is easier to find a place to send or receive money through Western Union, especially in less developed countries.
• Reliability: Western Union is a well-established and trusted financial institution with a long history of providing money transfer services.
• Convenience: Western Union offers a variety of ways to send and receive money, including online, through its mobile app, and at agent locations.
• Speed: Western Union money transfers are typically available within minutes.