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Find the best way to send money to Puerto Rico

Learn how to send money to Puerto Rico from India in our step-by-step guide.

Looking for the best way to send money from India to family, friends or businesses in Puerto Rico (or even to your own overseas bank account)?

Unfortunately, Finder doesn't have any providers that can help you send money to Puerto Rico from India. Transferring money to countries like Puerto Rico is challenging but potentially services such as Western Union and WorldRemit are worth exploring.

Best ways to send money to Puerto Rico from India

The best way to send money to Puerto Rico depends on your payment method, how you want your money to be received and how fast you need it to arrive.
  • Online money transfer provider. When buying Indian rupees or US dollars money transfer specialists typically offer better rates and cheaper fees than a local bank.

Compare other India money transfer companies

Although we don't have any options for you to transfer money to Puerto Rico, here are some other money transfer companies that send from India you can check out in the meantime.

Cheapest way to send money to Puerto Rico

When you're hunting down the cheapest ways to send money to Puerto Rico, it's more important to look at the overall cost of your transfer. This has a couple of elements:
  • Transfer fees. While still cheaper than your Indian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
  • Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market INR/USD exchange rate.

Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many US dollars your recipient will end up with.

Safest way to send money to Puerto Rico

The safest way to get your money to Puerto Rico is to use a provider registered with India's industry regulator, the Reserve Bank of India (RBI). All of the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both India and Puerto Rico.

A great way to dive deeper is by reading our extended reviews of each transfer service and researching first-hand customer feedback on Trustpilot and similar platforms.

Large money transfers to Puerto Rico

If you need to make a sizable money transfer to Puerto Rico, consider using a provider such as to benefit from its expertise in handling larger transfer amounts.

Using a large transfer specialist can have the following advantages:
  • Tax guidance. Large transfers to Puerto Rico may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on ITD's latest advice.
  • Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the USD exchange rate you want.
  • Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
  • Phone service. If you want to talk your transfer through with someone, some providers can give you support over the phone.

How to send money to Puerto Rico from India

To send money to Puerto Rico, you'll need the necessary documentation, your recipient's details and a way to pay.

  1. Compare your options.
    Use our table to find a money transfer provider that sends funds to Puerto Rico. One may be better for cash pickups while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
  2. Create an account.
    You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide your recipient's details.
    Enter your recipient's name and contact information. If you're sending straight to their Puerto Rican bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter your transfer amount.
    Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total US dollars your recipient gets.
  5. Complete your transfer.
    Send your money transfer to Puerto Rico. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it too.

Example: María sends money to Puerto Rico

María is working in India as a doctor and she stays in regular contact with her elderly parents back home in Puerto Rico. Her parents need some funds to help pay off a mortgage, so María plans to send them ₹2,000 from India.

She decides to compare a bank and a money transfer specialist to see which one can save the most money on her transaction.

Bank Money transfer company
Exchange rate 1 INR = 0.01 USD 1 INR = 0.01 USD
Transfer fee ₹10 ₹2.50
Transfer method Bank account deposit Bank account deposit
Processing time 2 - 5 working days Next day
Amount received 23.65 USD 24.05 USD

The money transfer company enables María to send an extra $0.40, which is transferred straight to her parents' FirstBank account.

How to choose the best money transfer companies to send money to Puerto Rico

Although we currently have any active deals to help you transfer money to Puerto Rico from India, below we cover the most features to consider when researching providers.

  • Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the USD you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Puerto Rico for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer type. Does your recipient have a Puerto Rican bank account or is cash or cell phone top-up a better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Some companies offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Puerto Rico faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service.
  • Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of US dollars.

Frequently asked questions

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