Send Money to El Salvador Securely

Information verified correct on December 6th, 2016

International money transfers don’t have to cost you a prettyEl Salvador penny. Here’s how you can find an affordable way to send money to El Salvador.

There are close to two million Salvadoran Americans in the United States, while more than 19,000 Americans live and work in El Salvador. Not only does this mean that ties between the two countries are strong but also that there are plenty of options to choose from if you ever want to send money to El Salvador. All you have to do is compare a range of providers to find one that offers the most attractive deal.

Compare International Money Transfers

Rates last updated December 6th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

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Banks versus money transfer companies

Banks are the first thing people think of whenever they need to send money overseas, but using your bank for an international money transfer is usually a poor choice. Banks are notorious for offering low exchange rates and large fees on international payments, which result in you spending more money than you need to and your recipient getting less money than they would expect.

This is why it often pays to shop around for a cheaper deal. There are plenty of trusted and reliable money transfer companies,

Case Study: Oscar Sends Money to El Salvador

Oscar loves living in the United States but he still maintains a close relationship with his extended family in his homeland of El Salvador. Oscar wants to send $1,000 to his grandmother to help her settle into a retirement home but, when he approaches his bank to complete the transfer, is disappointed by the high fee they charge. He compares the offerings from two money transfer companies to see if he can find a cheaper alternative — both companies send funds to El Salvador in US Dollars.

Money transfer company 1Money transfer company 2
Transfer fee$7$16
Transfer methodBank account depositCash pickup
Processing time2 business das10 minutes

As you can see, while the second company offers quicker transfers, it also charges $9 extra in transfer fees.

How to compare transfer companies when transferring money to El Salvador

  • Exchange rates. The higher the rate the better, but remember that some companies will also charge high fees along with their high exchange rates.
  • Fees. These can vary substantially depending on the company and the transfer method you select, so make sure you’re aware of all the fees and charges that will apply to your transactions.
  • Transfer methods. From online and mobile transfers to those placed over the phone or in a branch, there are plenty of methods to choose from.
  • Transfer options. Forward contracts, limit orders and recurring transfers can be useful tools for some customers.
  • Turnaround time. Processing times vary from 10 minutes to several days and can sometimes come with different fees attached.
  • Minimum transfer amount. Is there a minimum limit you must transfer each time? If so, is this limit too high for your needs?
  • Pickup methods. Some companies only offer bank account deposits while others also provide cash pickup options.
  • Customer service. Does the company offer phone, email and/or live chat support in case you ever have a problem with a transfer?
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How to send money to El Salvador from America

  • Bank transfers. Banks offer a safe but expensive transfer option.
  • Online money transfer providers. Enjoy affordable and convenient transactions with a trusted money transfer provider.
  • Money transfer companies with cash pickup options. Western Union is the world’s largest provider of this type of transfer service.
  • PayPal. PayPal offers secure and reliable international money transfers.
  • Checks. Ask your bank about how to get an international check.
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Emergency cash transfers in El Salvador

If you need to send an emergency cash transfer to El Salvador, perhaps to help out a friend in urgent need of cash, some providers will allow you to send funds within minutes. Of course, you should be prepared to pay extra for the transaction, with higher transfer fees and poor exchange rates the norm for such transactions. Taking a few moments to carefully check all the details of your transaction can save you plenty of heartache down the line.

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Cash pickup locations in El Salvador / Western Union / MoneyGram / Ria branches in El Salvador

Western Union, MoneyGram and Ria all operate extensive transfer networks in El Salvador. If you send funds which your beneficiary can pick up from a branch of one of these transfer companies, make sure he or she takes along their driver’s license and a transaction ID number when they go to pick up the funds. A list of popular pickup locations can be found below.

Western Union

San Salvador

Coaspae De RL

Alam Roosevelt Y 37 Av Nte

Colonia Flor Blanca

San Salvador, San Salvador

+503-22610956

Open 8am to 5pm Monday to Friday, 8am to 12pm Saturday

BCO Hipotecario

Col Escalon Pje Senda Florida Sur

Colonia Escalon

San Salvador, San Salvador

+503-22983344

Open 9am to 4pm Monday to Friday, 9am to 12pm Saturday

Santa Ana

Fundecredito De RL

10a Av Nte E 6ta Y

8va Calle Pte No 12

Santa Ana, Santa Ana

+503-24476753

Open 8am to 5pm Monday to Friday and 8am to 12pm Saturday

Airpak Santa Ana II

Av Fray Felipe De Jesus Moraga Sur

No 24 Local No 1

Santa Ana, Santa Ana

+503-24477305

Open 8:30am to 5pm Monday to Friday, 8:30am to 12pm Saturday

MoneyGram

San Salvador

Banco Salvadoreno

Avenida. Olimpica #3550

San Salvador,

2817651521

No information on opening hours available

Citi

Alameda Roosevelt Y 41 Avenida. Sur

San Salvador, 0

22122717

Open 9am to 5pm Monday to Friday, 9am to 12pm Saturday

Santa Ana

Citi

Av Fray Felipe de Jesus Moraga Sur Y 13A Calle Pte

Santa Ana,

22122717

Open 8am to 4pm Monday to Friday and 9am to 12pm Saturday

Banco Cuscatlan

Avenida Final 6 Sur

Santa Ana

50324406693

Open 8am to 6pm Monday to Friday, 8am to 5pm Saturday and Sunday

Ria

San Salvador

ACCOVI DE R.L. (Agencia Metrocentro)

Centro comercial Metrocentro 11a. Etapa local

San Salvador SS

Open 8am to 6pm Monday to Friday, 8am to 12pm Saturday

Banco Promerica S.A. El Salvador (Alameda Roosevelt)

Alameda Roosevelt 2919

San Salvador SS

Open 8am to 6pm Monday to Saturday, 8am to 12pm Sunday

Santa Ana

Biggest

Av. Independencia, Calle Libertad Oriente,

Santa Ana SA

Open 7am to 7pm Monday to Saturday

Banco Cuscatlan El Salvador, S.A (Cusca-Selectos Santa Ana Metrocentro)

Centro Comercial Metrocentro

Santa Ana SA

Open 8:30am to 5pm Monday to Friday, 9:30am to 6pm Saturday and Sunday

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Tips for picking up cash in El Salvador

It’s critical to exercise caution when picking up cash from an agent location in El Salvador or anywhere else around the world. Taking one or more friends along with you is a great way to discourage thieves, while avoiding any unsavoury parts of town is a no-brainer. Be aware of your surroundings at all times, making sure that your bag and wallet are always secure. Finally, get the money to a safe place as soon as possible – carrying around a large sum of cash is never a good idea.

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How to send money to El Salvador

Although the transfer process differs between companies, there are certain steps you will usually need to follow when you want to send funds. These include providing the following details:

  • Your name, address, contact information and a valid form of photo ID.
  • Details about your recipient, including their name, address and contact information.
  • Details of your transaction, such as the currency you wish to send and the amount you will be sending.

Once you have placed a transfer you will be given a transaction ID number – use this to check up on the status of your international money transfer.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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