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Send money to Argentina
Whether you're sending money to Mendoza or Buenos Aires, international transfers can be expensive if you don't know your options.
Guides
Exchange Rates
Send money to Argentina with Wise
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
- Fair service fees and mid-market rates – a major market differentiator
- Next-day delivery for most currencies
- Easy-to-use app
Compare international money transfers
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
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Steps to send money to Argentina
- Create an account with the transfer provider of your choice. Account information includes your name, address, contact details, and proof of ID.
- Designate the recipient of your funds
- Select the amount to transfer and payment method.
- Maintain records of any transaction reference number you receive so you can monitor the progress of your transfer.
Case study: Joaquin sends money to Argentina
Joaquin Garcia arrived in the US as a student, and at the end of his studies he managed to get a job. After he began working he decided to start sending some money back home to his aging parents. He figured he could afford to send around $2,000 every other month.
He compared two money transfer companies, and this is what he learned:
| Money transfer service 1 | Money transfer service 2 | |
|---|---|---|
| Exchange rate | 1 USD = 8.377 ARS | 1 USD = 9.5481 ARS |
| Transfer fee | $0 | $0 |
| Transfer speed | 1 day | 1-3 days |
| Transfer options | Bank account | Bank account |
| Total ARS received | 16,754 | 19,096.27 |
The biggest difference between to the two services are the exchange rates. The second service took extra time, but earned him over $2,342 more pesos.
How to compare transfer companies when transferring money to Argentina
You’ll want to consider costs, of course. But other factors can also affect your choice.
- Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
- Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
- Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pickups. Also ask how your recipient can receive your funds: bank account, cash pickup, mobile wallet and more.
- Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
- Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
- Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
- Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.
Foreign exchange rates explained
The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Argentina’s exchange rates is flexible, so it can change from moment to moment based on factors such as interest rates, economic stability and inflation.
Ways to send money to Argentina from the US
- Bank transfers. Most major banks offer wire transfers to Argentina.
- Money transfer providers. Providers like Ria and Wise can help you quickly and easily transfer your money online.
- Transfer companies with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
- PayPal. Electronic payment giant PayPal allows you to send money from the US to Argentina
How safe is a money transfer?
When you use a reputable provider, your funds are safely tracked until in the hands of your recipient. There are federal protections in place that require banks, credit unions and money transfer companies to, for example, disclose all fees upfront and give you 30 minutes to cancel a transfer, assuming it hasn’t yet been picked up or deposited.
Picking up cash at a money transfer branch
Whether picking up funds in Buenos Aires or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.
- Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
- Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
- Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
- Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
Emergency transfers to Argentina
You might need to send an emergency cash transfer to Argentina— for example, if a friend traveling through the country loses their wallet. When you need to transfer funds urgently, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
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