Send Money to El Salvador Securely

Information verified correct on January 19th, 2017

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.

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Rates last updated January 19th, 2017

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Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Payoneer International Money Transfers
Send Mass Payments To Your ... Send Mass Payments To Your Payees Worldwide
USD 20
OnlinePhone
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your price today
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WorldRemit International Money Transfers
An online money transfer service ... 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
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World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.
USD 500 2 days
OnlinePhone
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changing, click to check
your price today
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Transferwise International Money Transfers
Make online transfers in a ... Make online transfers in a range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
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changing, click to check
your price today
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HiFX International Money Transfers
Transfer money between 20 currencies ... Transfer money between 20 currencies and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
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Currencies Direct International Money Transfers
$0 online transfer fee that ... $0 online transfer fee that you can access 24/7.
USD 100 2 days
OnlinePhone
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OFX International Money Transfers
Exclusive offer: Special exchange rates ... Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
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TorFX International Money Transfers
TorFX guarantee to beat any ... TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply
USD 150 1 day
OnlinePhoneAgent
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changing, click to check
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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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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

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WorldRemit International Money Transfers

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

OFX International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com exclusive exchange rates and $0 transfer fee on all transfers.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
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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