Send Money to El Salvador Securely

Information verified correct on April 27th, 2017

International money transfers don’t have to cost a prettyEl Salvador penny. Find an affordable way to send money to El Salvador.

Nearly 2 million Salvadoran Americans live in the United States, while more than 19,000 Americans live and work in El Salvador. With tight ties between the two countries, you have plenty of options to choose from when sending money to El Salvador. Just compare a range of providers to find one that offers the most attractive deal.

Compare international money transfers to El Salvador

Use our interactive table to compare transfer fees and other details for sending funds to El Salvador with our money transfer partners.

Rates last updated April 27th, 2017

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 1,000 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

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Banks vs. money transfer companies

Many major US banks offer the option to send funds to El Salvador, but they typically charge high transfer fees.

A reputable money transfer specialist can typically offer lower fees and faster turnaround, saving you money and putting more dollars into your recipient’s pocket.

Case study: Oscar sends money to El Salvador

Oscar loves living in the United States, but he 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. Because El Salvador uses the American dollar, he doesn’t need to worry about exchange rates, but he’s disappointed by how much his bank charges in fees to transfer his cash. He compares two money transfer companies to see if he can find a cheaper alternative when sending money to El Salvador.

Money Transfer Service A
Money Transfer Service B
Transfer fee$7$16
Transfer methodBank account depositCash pickup
Transfer speed
2 business days10 minutes

As you can see, Money Transfer Service B charges $9 more in transfer fees to get Oscar’s cash there in minutes. Oscar just now needs to decide whether his grandmother can wait a few more days to save the $9 in fees.

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Why does El Salvador use the US dollar?

After suffering through a devastating civil war ended in 1992, El Salvador’s government put in place a series of acts designed to spark the economy, including privatizing the country’s banking system. In an attempt to further grow the economy, the country “dollarized” its currency system at the start of 2001, introducing the US dollar as its official currency. A downside of this system is that El Salvador has no control over its own monetary policy, including printing its own currency.

How to compare transfer companies when transferring money to El Salvador

  • 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.
  • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Transfer limits. Is the minimum transfer too high for your needs? Your best option might depend on how much you want to send.
  • 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.
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What are the ways that I can send money to El Salvador?

  • Bank transfers. Many major US banks will allow you to wire money to banks in El Salvador. However, a downside is the frustratingly high fees you’ll pay.
  • Online money transfer providers. It’s simple and convenient to send an online money transfer to El Salvador from the comfort of your home.
  • Providers with cash pickup. Companies like Western Union and MoneyGram offer the option of cash pickups from agent locations in El Salvador.
  • Peer-to-peer apps. Venmo, Circle and PayPal are just a few of the apps you can use to send money to El Salvador.
  • International checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.
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Emergency cash transfers in El Salvador

You might need to send an emergency cash transfer to El Salvador — 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 transfer fee and delivery speeds against your needs so that you understand exactly how much it will cost you.

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Tips for picking up cash in El Salvador

Whether picking up funds in San Salvador, San Miguel 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.
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How to send money to El Salvador

Whether you send money through your bank, a money transfer provider or any other option, you’ll need to first register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.

Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

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US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

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