How to send money to Nicaragua

Shop around for savings when you need to send an international money transfer to Nicaragua.


Fact checked

When you need to send money to Nicaragua, you may come across a few hiccups: the country is small, and there aren’t many banks that provide money transfer services. Fortunately, there are dedicated money transfer companies that can help. You can compare your exchange rates and fees without spending too much time — or money — on the process and quickly get money to your recipient.

Compare money transfer services to Nicaragua

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 5,000 1 - 2 days HKD 0.00 4.399 NIO
可匯款至20+個國家,無手續費。 Transfer money to 20+ countries with no transaction fees. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks versus money transfer companies

It always makes sense to compare your options when choosing a money transfer provider, because transaction costs differ substantially from one provider to the next. While banks offer a convenient and reliable transfer option, they’re also one of the most expensive choices. With low exchange rates and high fees, bank transfers are prohibitively expensive. In addition, there may not be many that are willing to convert Hong Kong dollars to Nicaraguan córdobas.

That’s why you can save money if you shop around for a specialist transfer company. Companies like WorldRemit are experts when it comes to moving money abroad, and they can offer better exchange rates and minimal transfer fees. If you’re willing to take a few minutes to see if there’s a cheaper option available, your bank balance could benefit.

How do I compare transfer companies when sending money to Nicaragua?

When comparing your options, pay attention to these factors:

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-off spot orders?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfers?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. What sort of customer support is offered and during what hours can you receive assistance?

Foreign exchange rates explained

Exchange rate determines how much one currency is worth when converted to the currency of another country.

However, this amount can fluctuate from day to day. If you’re sending money to Nicaragua often, you’ll want to keep tabs on the exchange rate to be sure you’re sending money when rates are high so you can get more money to your recipient without having to spend extra.

What are my options for sending money to Nicaragua from Hong Kong?

  • Specialist transfer providers. Money transfer companies like WorldRemit offer convenient and cheap international transfers.
  • Cash pickup transfer companies. Western Union and MoneyGram both have cash pickup locations in Nicaragua.
  • Bank transfers. Do your research to see how your bank’s exchange rates and fees compare to those offered by other providers.
  • International checks. An old-fashioned and slow transfer method is to mail a check to Nicaragua.

What are the steps to send money to Nicaragua?

  1. Find a money transfer provider in the table above or search online.
  2. Create an account and start a transfer.
  3. Enter your recipient’s personal information and the amount you want to send.
  4. Pay for your transfer.
  5. Save your tracking number.

You can use your tracking number to keep tabs on the transfer and make sure everything goes smoothly. And if you plan on making multiple transfers to Nicaragua, having an account with a money transfer service will make it easier to send money in the future.

Emergency cash transfers in Nicaragua

There are certain situations when you might need to send a transfer as quickly as possible. If this is the case, check your exchange rates and the fees. Emergency transfers may be possible, but they could be quite costly. You’ll want to know the exact amount you’re spending and how much your recipient will receive before finalizing the transfer to be sure waiting a day or too wouldn’t be more beneficial.

Tips for picking up cash in Nicaragua

  • Take a friend with you when picking up cash.
  • Confirm a cash pickup agent’s location and hours of operation before visiting.
  • Avoid any high-crime areas.
  • Don’t advertise your cash in public.
  • Don’t carry the money around for any longer than is necessary.

Read more on this topic

  • Sending money internationally during the coronavirus pandemic Learn about how COVID-19 may affect the ways you transfer cash around the world.
  • Hong Kong remittance statistics Hong Kong sent $17.121 billion (USD) in remittances in 2017, while it received significantly less, at just $430 million. So where is it going? Finder unpacks World Bank data to find out.
  • Finder's Starbucks Index Ever wondered how much a Starbucks tall latte costs around the world? And what does that say about the value of currency? Finder's Starbucks Index 2019 delves into the data to find out.
  • Send money to China How to send money to China from Hong Kong, safely and affordably. Compare international money transfer services and save on exchange rates and fees.
  • How to send money to Egypt Due to its exotic nature, it will be difficult to find an agency or bank that is able to convert Hong Kong currency into Egyptian Pounds. The US dollar and other major currencies are widely accepted in Egypt though, giving you the opportunity to send remittances to Egypt from Hong Kong without delay.
  • How to send money to Bangladesh Compare your options when you transfer money internationally to Bangladesh.
  • How to send money to Gambia How to send money to Gambia from Hong Kong, safely and affordably. Compare international money transfer services and save on exchange rates and fees.
  • Send money to Botswana Learn how to send money to Botswana, located on the African continent; a place where there is plenty of growth potential for businesses, investors and commodity-based resources.
  • How to send money to Oman How to send money to Oman from Hong Kong, safely and affordably. Compare international money transfer services and save on exchange rates and fees.
  • How to send money to Burundi Coffee exports is not the only transactional relationship to be had with the small landlocked country of Burundi in the middle of Africa, it can also receive money from Hong Kong.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site