698 send money to argentina best ways to send money online

Overview of Sending Money to Argentina Online

Sending money online to Argentina has become increasingly popular in recent years, with more people opting for the convenience and speed of digital money transfer services. Whether you’re supporting family, paying for goods and services, or simply sending a gift, there are numerous options available for securely transferring funds to Argentina.

Online money transfers offer a fast, reliable, and cost-effective alternative to traditional methods like bank wire transfers or postal money orders. With just a few clicks, you can initiate a transfer from the comfort of your home or office, and the recipient can access the funds within minutes or a few business days, depending on the service and delivery method chosen.

Popularity of Online Money Transfers to Argentina

Argentina has a large diaspora community, with many individuals working and living abroad who regularly send money back home to support their loved ones. Online money transfers have gained significant traction among this demographic, as they provide a convenient way to send funds across borders without the need for physical visits to a bank or money transfer agent.

Moreover, the increasing use of digital payment methods and mobile banking in Argentina has further fueled the adoption of online money transfer services. As more people gain access to the internet and smartphones, they can easily receive funds directly into their bank accounts or mobile wallets.

Advantages of Sending Money to Argentina Online

Sending money online to Argentina offers several advantages over traditional methods. Firstly, it is incredibly convenient, as you can initiate a transfer anytime, anywhere, using your computer or mobile device. You no longer need to visit a physical location or wait in long queues to send money.

Secondly, online money transfers are often faster than other methods. Funds can be available for the recipient to collect or deposited into their bank account within minutes or a few business days, depending on the service provider and the chosen delivery method.

Additionally, sending money online is generally more cost-effective than using traditional bank wire transfers or money orders. Many online money transfer services offer competitive exchange rates and lower fees, allowing you to save money on your transfers to Argentina.

Top Money Transfer Services for Sending Money to Argentina

When it comes to sending money to Argentina, there are several reputable money transfer services to choose from. Each provider offers unique features, transfer speeds, and pricing, so it’s essential to compare your options to find the best fit for your needs.

Western Union – Reliable Money Transfers to Argentina

Western Union is a well-established and trusted name in the money transfer industry, with over 160 years of experience in sending funds worldwide. They offer a wide range of options for sending money to Argentina, including online transfers, mobile app transfers, and in-person transfers at one of their approximately 600,000 agent locations across more than 200 countries.

When using Western Union to send money to Argentina, you can choose to have the funds deposited directly into the recipient’s bank account or made available for cash pickup at a Western Union agent location. They offer competitive exchange rates and provide a price estimator tool on their website to help you calculate the cost of your transfer beforehand.

Western Union also prioritizes security, using encryption to protect your personal and financial information during the transfer process. You can track your transfer using a unique MTCN (Money Transfer Control Number) and receive updates via email or the Western Union mobile app.

Xoom – Fast and Secure Money Transfers to Argentina

Xoom, a PayPal service, is another popular option for sending money online to Argentina. They offer a user-friendly platform that allows you to send funds quickly and securely from your computer or mobile device.

With Xoom, you can send money to Argentina for cash pickup at locations like Giros Express or for direct deposit into the recipient’s account at major banks such as Banco Santander or BBVA Banco Francés. They support various currencies, including USD, ARS, EUR, GBP, and CAD.

One of the key advantages of using Xoom is the speed of their transfers. Funds sent for cash pickup are often available within minutes, while bank deposits are typically processed within a few business days. Xoom also offers a mobile app with features like biometric login and Slide-to-Send technology for added convenience and security.

Remitly – Affordable Money Transfers to Argentina

Remitly is a popular choice for sending money from the United States to Argentina, offering competitive exchange rates and low transfer fees. They provide a user-friendly platform and mobile app that makes it easy to send funds online.

With Remitly, you can send USD to be delivered in ARS to your recipient in Argentina. They offer various delivery methods, including cash pickup, bank deposit, and mobile money. Remitly also provides excellent customer support, with 24/7 assistance available in multiple languages.

New customers can benefit from Remitly’s promotional offers, such as fee-free first transfers or discounted exchange rates. They also prioritize security, using encryption and other measures to protect your personal and financial information throughout the transfer process.

How to Send Money to Argentina Online

Sending money online to Argentina is a straightforward process, but it’s important to follow the necessary steps to ensure a smooth and secure transfer. Here’s a general guide on how to send funds to Argentina using an online money transfer service:

Step-by-Step Guide for Sending Money Online to Argentina

  1. Choose a reputable online money transfer service that offers transfers to Argentina, such as Western Union, Xoom, or Remitly.
  2. Create an account with the service provider, providing your personal information and verifying your identity as required.
  3. Enter the amount you wish to send and select Argentina as the destination country.
  4. Choose the delivery method for the funds (e.g., cash pickup, bank deposit, or mobile money).
  5. Provide the necessary details about the recipient, such as their full name, address, and contact information.
  6. Select your payment method (e.g., bank transfer, credit/debit card, or electronic wallet) and enter your payment details.
  7. Review the transfer details, including the exchange rate, fees, and estimated delivery time.
  8. Confirm the transaction and keep a record of the reference number for tracking purposes.

Information Required for Sending Money to Argentina Online

When sending money online to Argentina, you’ll need to provide certain information about yourself and the recipient. This typically includes:

  • Your full name, address, date of birth, and contact details
  • A valid government-issued ID or passport for verification purposes
  • The recipient’s full name, address, and contact information
  • The recipient’s bank account details (if choosing bank deposit) or preferred cash pickup location
  • The reason for the transfer (e.g., family support, business payment, or gift)

It’s crucial to double-check all the information provided to avoid any delays or issues with the transfer.

Receiving Money in Argentina from Online Transfers

When someone sends you money online to Argentina, there are several ways you can receive the funds, depending on the money transfer service used and the options available in your location.

Cash Pickup Options for Receiving Money in Argentina

Many online money transfer services, such as Western Union and Xoom, offer cash pickup as a delivery method for funds sent to Argentina. This means that the recipient can collect the money in cash from a designated location, such as a bank branch or a money transfer agent.

To receive money via cash pickup, the recipient typically needs to provide a valid government-issued ID and the unique transaction reference number provided by the sender. Some services may also require an additional security question or password to verify the recipient’s identity.

Bank Deposit for Receiving Online Money Transfers in Argentina

Another popular option for receiving money from online transfers in Argentina is through a direct bank deposit. With this method, the funds are transferred directly into the recipient’s bank account, eliminating the need to visit a physical location to collect the money.

To receive a bank deposit, the recipient needs to provide their accurate bank account details, including the account number, branch code, and bank name, to the sender. The funds are then credited to the recipient’s account, usually within a few business days, depending on the money transfer service and the recipient’s bank’s processing time.

Fees and Exchange Rates for Sending Money to Argentina Online

When sending money online to Argentina, it’s essential to consider the fees and exchange rates associated with the transfer, as these can significantly impact the amount your recipient ultimately receives.

Comparing Transfer Fees of Money Transfer Services to Argentina

Different money transfer services charge varying fees for sending money to Argentina. Some providers charge a fixed fee per transfer, while others calculate fees as a percentage of the transfer amount. Additionally, some services may offer fee-free transfers for first-time users or for transactions above a certain amount.

To find the most cost-effective option, compare the transfer fees of multiple providers, taking into account the transfer amount, payment method, and delivery option chosen. Keep in mind that some services may have lower fees but less favorable exchange rates, so it’s important to consider both factors when making your decision.

Understanding Exchange Rates When Sending Money to Argentina

Exchange rates play a crucial role in determining how much money your recipient in Argentina will receive when you send money from another country. Money transfer services often set their own exchange rates, which may differ from the mid-market rate or the rates offered by banks.

To get the best value for your money, compare the exchange rates offered by various providers and look for services that offer rates close to the mid-market rate. Some providers may offer better exchange rates for larger transfer amounts or for certain currency pairs, so it’s worth exploring these options if they apply to your situation.

Remember that exchange rates can fluctuate frequently, so the rate you see when initiating your transfer may not be the same rate applied when the funds are delivered to your recipient in Argentina. Some money transfer services offer a “locked-in” exchange rate feature, which guarantees the rate at the time of transfer, providing more certainty about the amount your recipient will receive.

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By James Altucher

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