Send Money to Argentina by Using a Safe and Reliable International Money Transfer Service

Monte Fitz Roy ArgentinaDo you want to send money from Canada to Argentina? Read our guide to help you decide on the right option for your needs.

With high rates of imports and exports, immigration and tourism between Canada and Argentina, there is a need for affordable, fast and safe ways to send money between the two nations.

While most Canadian banks do allow transfers to Argentina, the majority of banks charge high transfer fees and give poor exchange rates. Furthermore, it generally takes three to five business days to send money via a bank transfer.

In recent years, specialist money transfer companies have emerged onto the international transfer market. These companies specialize in sending large sums of money overseas every single day. With this focus on transfers only, they are able to give competitive exchange rates, charge lower fees and send the money faster than the banks.

If you are looking to send money cheaply and quickly between Argentina and Canada, read our guide to discover tips and factors that you should take into account.

Compare money transfer services below

Rates last updated June 24th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
CAD 0.51
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Exclusive: World First International Money Transfers
CAD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TransferWise International Money Transfers
CAD 2.50
1 - 2 days
Online
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Banks versus money transfer companies

Joaquin is moving to Canada to attend university in Alberta. He has some bills that he has to take care of back home, so he needs to figure out a way he can send money to his parents so they can pay them for him. He will need to send around $500 Canadian dollars every month.

While his new bank in Canada allows him to transfer money to Argentina, Joaquin has heard about the services of specialist money transfer companies and decides to compare two different companies. You can see the results of his comparison in the table below.

Money transfer service 1Money transfer service 2
Exchange rateCAD$1 = 15.32 ARSCAD$1 = 15.15 ARS
Transfer feeCAD$4CAD$30
Amount received for CAD$5007,660.96 ARS7,579.43 ARS
Transfer timeOne to two daysJust minutes
Transfer optionsCash pickupCash pickup
Difference of81.53 ARS

The first transfer service has much cheaper fees than the second one and also allows Joaquin to send 81.53 ARS more.

How do I compare money transfer companies when sending and receiving money via Argentina?

Don’t choose the first money transfer company that comes your way. Instead, compare your options across multiple factors, which include:

  • Exchange rates and fees. Paying attention to the exchange rate alone in not enough; you should find out how much fees you’ll have to pay as well. This is because high fees can offset any benefit you may get from a seemingly competitive exchange rate. When comparing financial viability, pay attention to how much money your recipient will receive to get a good idea of how good the offer is.
  • Methods of sending money. Some service providers let you send money in person at a branch or kiosk, online, over the phone or via a mobile app. Banks generally let you send funds online, over the phone, in person and via an online mobile app.
  • Methods of receiving money. One option is to transfer the funds directly into your recipient’s Argentinian bank account. Alternatively, you can get your recipient to collect the money by visiting a cash pickup location.
  • Turnaround time. Transfers that involve cash pickups take place the quickest, where they can be picked up by your recipient just minutes later. If you’re transferring money to a bank account, the process can take one to seven business days. This depends on factors such as the provider you choose as well as the recipient’s bank.
  • Minimum amounts. This requires your attention if you plan to send small amounts since some service providers limit the minimum you can send to $500 or $1,000 Canadian dollars. Others will have much lower minimums, with amounts around $5.
  • Customer service. If you need any assistance you should be able to contact a company representative via email, online chat, phone and/or in person.

How do I send money to Argentina from Canada?

Options for sending money from Canada to Argentina fall into two basic categories:

  • Banks. Find out if your local bank lets you transfer funds to Argentina. There’s a good chance it will, however it generally takes longer to send funds via a bank. You will likely have to pay fees to use its services. You can also buy a money order from your bank, which you can send via mail. Sending cheques via mail is another option, however it is the slowest way possible to send money overseas.
  • Non-banks. You can get in touch with a money transfer company, such as Western Union or MoneyGram. They let you transfer funds that can be picked up as cash from specified locations. PayPal lets you transfer money from Canada to Argentina, however both you and your recipient must have PayPal accounts. Other specialist money transfer companies may offer services between the two countries like WorldRemit.

How do I receive money from Argentina in Canada?

If you’re receiving money from Argentina you have these options:

  • Banks. You can likely receive the money to your bank in Canada from an Argentinian bank account. If you receive a cheque or a money order via mail, you can deposit it into your bank account.
  • Non banks. If you want to collect money from a physical location you can use the services of a company such as Western Union or MoneyGram. You can also receive money through PayPal, in which case you and the sender should both have accounts with this online company. Once the money gets to your PayPal account, withdrawing it into your Canadian bank account is easy. Furthermore, some specialist transfer companies may offer services between the two nations, like WorldRemit.

Emergency cash transfers in Argentina

Losing your wallet or money when travelling in Argentina can be difficult to deal with. The first thing you should do is make the required phone calls to cancel your credit and debit cards. You should also report any crime, like a stolen wallet, to the police and retain a police report. Next, you can get some emergency money using one of these options:

  • Cash pickup. You can get money from a friend or family member through a money transfer company that has cash pickup locations in Argentina, like MoneyGram or Western Union. Let the sender know of a specific location. Take a valid ID with you when you go to collect the cash and ask the sender for the reference number.
  • Cash through a credit card provider. If you’re an existing MasterCard, Visa or American Express credit card holder, you can get some emergency money by visiting a local participating bank. The money you get adds on to your credit card balance.
  • Travel insurance. If you pay for the right kind of travel insurance, you can get money to deal with scenarios such as medical emergencies, flight delays and cancellations as well as lost and misplaced baggage. Never travel without insurance.

Cash pickup locations in Argentina/ Western Union / MoneyGram branches in Argentina

Western Union and MoneyGram have numerous locations in major cities across Argentina. To collect money from a cash pickup location, you’ll have to provide an acceptable form of photo ID such as your passport or driver’s license, as well as the reference number for the transfer. If the transfer involves a large sum of money, calling ahead of time to check for availability of funds is a good idea. Here are some cash pickup locations in Argentina:

Western Union

Buenos Aires

  • Correo Obelisco
    Cerrito 368 – San Nicolas
    Capital Federal, 1043
    +54-11-43829188
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday
  • New Multiservicios Obelisco
    Av. Corrientes 928 – San Nicolas
    Capital Federal, 1043
    +54-11-53688290
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday

Cordoba

  • Claro-Mercado Sud
    Bv. Illia 155 Puesto 7
    Alta Cordoba, Cordoba 5000
    +54-351-4230296
    Open 8:00am to 8:30pm Monday to Friday, 7:00am to 2:00pm Saturday, closed on Sunday
  • Telecentro Nico
    San Lorenzo 328
    Cordoba, Cordoba 5000
    +54-351-4699529
    Open 8:00am to 11:00pm Monday to Saturday, 4:00pm to 10:00pm Sunday

MoneyGram

Buenos Aires

  • Banco Piano – Casa Central
    San Martin 347
    San Nicolas
    Buenos Aires, 1004
    +54-11-43250472
    Open 10:00am to 4:00pm Monday to Friday, closed on Saturday and Sunday
  • Banco Piano – Ramos Mejia
    Avenida De Mayo 271
    Ramos Mejia
    Buenos Aires, 1704
    +54-11-46545583
    Open 10:00am to 3:00pm Monday to Friday, closed on Saturday and Sunday

Cordoba

  • Maguiexpress – Sendmoney – Centro
    De Julio 9 591
    Cordoba, 5000
    +54-351-5690824
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday
  • Maguiexpress – Sendmoney – Cordoba Cerro
    Avenida Rafael Nunez 3961
    Cordoba
    Cordoba, 5000
    +54-351-4812639
    Open 8:30am to 4:30pm Monday to Friday, 10:00am to 1:00pm Saturday, closed on Sunday

Tips for picking up cash in Argentina

There are government imposed restrictions on purchasing foreign currency in Argentina. Since these restrictions are subject to change, you should monitor media reports for any relevant updates.

The most common crimes in Argentina include bag snatching, distraction theft and armed robberies. Instances of thefts from rented cars are common. As a result, when you collect money from a cash pickup location you should exercise due caution. Refrain from carrying large sums of money when possible. Avoid wearing expensive jewellery. Think twice before venturing into poorly lit or isolated places after dark.

What are the steps to send money to Argentina?

The steps involved in sending money to Argentina depend on the method you choose.

  1. Transfer to a bank account. If you’re using the services of your bank, you’ll have to start the process by providing details such as your recipient’s name, account number, name of their bank and the bank’s SWIFT/BIC code. If you’re sending money through a money transfer company, you’ll have to submit your bank account, debit card or credit card details.
  2. Cash pickup. The money transfer company will require the recipient’s name along with a specific cash pickup location. If you’re sending cash through a physical location, you’ll have to provide some kind of valid ID. For transfers initiated online, you’ll have to provide details of your bank account, debit card or credit card. Provide your recipient with the transfer reference number.
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