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How to send money to Ecuador

Compare fees and exchange rates to get the best deal on your next money transfer to Ecuador.


Fact checked

Hong Kong and Ecuador might be separated by a vast amount of water, but relationships between the countries is popular. Ecuador has seen a steady economic growth of 3% above average over the past seven years, despite slight slumps in the last quarters of 2015.

Compare money transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 1 - 2 days HKD 140.00 0.129 USD
以透明的匯率,低收費及低最低金額的網上服務作匯款。 TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 5 1 - 2 days HKD 25.00 0.128 USD
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 1 1 day HKD 42.00 0.129 USD
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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USD 50 1 day HKD 35.00 0.129 USD
快捷又簡單的國際匯款服務,大部分匯款收取固定的0.5%手續費。部分貨幣更不設保證金率。 InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
USD 1 1 day HKD 0.00 0.127 USD
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用超過130種貨幣匯款。 WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.
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USD 1 Within an hour HKD 20.00 0.128 USD
提供現金提取、銀行戶口之間轉賬與及Airtime匯款選擇的網上匯款服務,。 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
USD 100 1 day HKD 15.00 0.127 USD
非Finder客戶將獲得較昂貴的匯率。 Better exchange rates for Finder customers.
可用45種貨幣匯款。 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
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GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details
USD 2,000 1 day HKD 0.00 0.127 USD
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。 TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

The key variables you should use to compare money transfer companies

It’s vital for you to send as much as possible money over to Ecuador without losing on costs and delaying your study loan repayments. Use the following key factors to compare the money transfer companies and has made the data available to you:

  • Exchange rates and fees – Fortunately, the Hong Kong and US dollar have a history of trading at a consistent exchange rate. Generally speaking, the money transfer companies offer a more attractive fee compared to banks that will send money to Ecuador.
  • Pick up methods – You’ll have to choose between a combination of convenience, risk, and customer experience that will form your choice of where you want to pick up your money. In Ecuador, most money transfer companies will offer an online or agent pick-up location, with banks like Commonwealth only doing account-based transfers.
  • Fees – Keep in mind that there is always the risk of other fees depending on where you receive the money.
  • Bank to bank benefits – Citibank has branches in Ecuador but it will require a branch visit to determine the benefits. Commonwealth only deals in sending money to Ecuador.
  • Turnaround time – This can mean the difference between peace and catastrophe. Turnaround times can vary between tenminutes and five working days.
  • Transfer methods – Online banking, mobile money transfers, bank account transfers and cash are all available options to consider when sending money.
  • Transfer options – Most services offer mobile money transfers, regular payments, and standard international transfers and traveller’s cheques.
  • Minimum transfer amounts – As with the transfer time, there is a lot of variation that depends on the service you choose.
  • Customer service – Service delivery plays a huge role in our experiences when travelling. Sometimes it is worth risking a higher fee for the sake of sure and secure handling of your money.
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Which options do I have to send money to Ecuador?

  • Banks – You can send money transfers by using Citibank that will allow you to send bank to bank transfers. Visit a local branch to establish fees and exchange rates. Commonwealth bank will allow you to do an international money transfer to Ecuador but doesn’t have bank infrastructure support on that side.
  • Money transfer services – Most money transfer companies will support transfers to online or bank accounts to Ecuador because of the USD currency. When it comes to cash pick up, take note of any extra fees on the receiving end. Services like Exchange4Free will require an account but can send money to any bank and will also do wire transfers.
  • PayPal – You can send and receive money between your PayPal accounts and then transfer it to a bank account (if you have a bank account in Ecuador that supports PayPal).

How will I be able to receive money from Ecuador in Hong Kong?

  • Banks – You can send money transfers by using Citibank that will allow you to send bank to bank transfers. Visit a local Hong Kong branch to establish fees and exchange rates.
  • Money transfer companies – Although most companies support the USD that Ecuador trades in, it might be difficult to find one that supports sending money from Ecuador itself when it comes to online transfer services. In cases like these it can be a wise option to go with something that has the surety of Moneygram and Western Union.
  • PayPal – You can send and receive money between your PayPal accounts and then transfer it to a bank account (if you have a bank account in Hong Kong that supports PayPal).
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Emergency transfers for receiving money in ten minutes

As mentioned, Moneygram and Western Union are sure options when transferring money. They are also some of the best options when it comes to receiving money in emergency situations. Despite the high cost, it is still a service that has through time showed its worth. Below are some locations for when you need the cash asap, and tomorrow isn’t soon enough.

Cash pick-up locations in Ecuador when using Moneygram and Western Union

Western Union


  • Almacenes TiaCalle Lizardo Ruiz Of-4907 E Alfareros YEntre Alfareros Y25 De Mayo, Quito, Pichincha+593-2-2598245Open Monday to Saturday 9am to 7pm, Sundays closed
  • Cac Huaicana TandaCalle Principal Y Acueducto Pa, Quito, Pichincha593+1800-937-837Open Monday to Saturday 9am to 6pm, Sunday 9am to 7pm


  • Transfer union Red Active
    Sucre 0840 E 10 De Agosto Y Ro, Loja, Loja+593-7-2560108Open Monday to Saturday 9am to 6pm, Sundays closed



  • AG Easypagos Coop Luz Del Valle
    Calle principal detras iglesia de tolontan tolontan, Quito,022860773Open Monday to Saturday 8am to 7:30pm, Sundays 8am to 6pm
  • Ecuagiros – #056 – banco bolivariano qui
    CC. El recreo 39-41 local, Quito7132785436Open Monday to Friday 10am to 7pm, Saturday 10am to 6pm, Sundays 24 hours


  • Artefacta – easypagos – loja – loj 2
    Y Bolivar, Riofrio 14-24, Loja72565519Open Monday to Friday 9am to 7:30pm, Saturday 10am to 7pm, Sunday 9am to 4pm
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Good-to-know tips when picking up money in Ecuador

Tip number one is to have extra dollars on you for when things go south. Bureaux de changes aren’t around as they used to be in Ecuador. It will be a tricky situation to be in when you need the pay unforeseen fees in picking up money but you’re strapped for cash.

There are more than enough pick-up locations in urban areas so don’t test the pressure of going into unsafe areas because you’re afraid you won’t get your money in time. Always have the necessary proof that you’re picking up your own money and you’ll be good to go!

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What will you need to be able to send money to and from Ecuador?

To a bank or bank account (generally speaking):

  • The bank code, full name and address of the bank that you’re transferring to.
  • The recipient’s name, address and account number.
  • The amount and currency you wish to send.
  • An email address for the recipient so they know when you have initiated your IMT (this is optional).

When receiving from someone to your bank account in Hong Kong:

  • Bank Name
  • BSB / Account Number
  • Account Name
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Common guidelines using a money transfer company

When sending money from Hong Kong using a service like Western Union, you will need the following:

  • You’ll need your receiver’s full name (as it appears on their ID) and address, and a Visa® or Mastercard® credit, debit or prepaid card issued by a Hong Kong bank. You also must be over 18.
  • When you first register with Western Union, they will need certain information so they can confirm your identity and create an online profile for you. You’ll need a Hong Kong driver’s license, Medicare card or passport for this.
  • In some cases, you may also be required to call the call center if they need additional information, of which they will let you know.

When sending money from Hong Kong using a service like MoneyGram, you will need the following:

  • You will need to visit a Moneygram branch and provide Photo Identification.
  • A completed sending form with the money and fees that you want to send.
  • You may have to provide proof of address and any or more of the following; driving license, passport, national ID card, or Government issued identification.
  • For the receiver to pick up the money you will have to send them the reference number you get after the transaction is completed.

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