You Can Send Money to Guatemala 100% Better Using These Strategies

Information verified correct on January 20th, 2017

GuatemalaShop around for savings when you send an international funds transfer from Australia to Guatemala.

The central American nation of Guatemala boasts breathtaking volcanoes, extensive tracts of rainforest and ancient Mayan ruins. Home to a population of more than 15 million, Guatemala is bordered by Mexico, Belize, Honduras and El Salvador.

If you need to send money from Australia to Guatemala, make sure to compare your transfer options – shopping around for a more cost-effective deal can lead to big savings.

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Rates last updated January 20th, 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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changing, click to check
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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changing, click to check
your price today
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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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changing, click to check
your price today
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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
your price today
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Banks versus money transfer companies

If you want to send money overseas, to Guatemala or anywhere else, your bank will most likely be able to help. But while banks offer an easy and convenient transfer service, they don’t offer great value for money. Their exchange rates are typically quite low and their fees are usually high, which basically means international money transfers are far less affordable than they should be.

A much more cost-effective transfer option can be found through specialist online transfer companies such as WorldRemit. These providers trade large volumes of foreign currency and can offer much better exchange rates than the banks. Their transfer fees are also lower and sometimes even non-existent, so shopping around for a better deal is always recommended.

Case Study: Jack Sends Money to Guatemala

Jack wants to send $1,000 to Steven, his friend who lives in Guatemala. Steven’s 30th birthday is fast approaching and Jack wants to send the money as a gift, but he’s dismayed to find that his bank doesn’t offer money transfers in an exotic currency. In an effort to find a more attractive deal, he compares the fees and features of two specialist money transfer companies.

As you can see in the table below, Jack can send an extra 14 GTQ by using the first transfer company and can also save AUD $5 in transfer fees.

Money transfer company 1Money transfer company 2
Exchange rate1 AUD = 5.365 GTQ1 AUD = 5.351 GTQ
Transfer fee$0$5
Transfer methodOnline bank account transferOnline bank account transfer
Processing time1-3 days1-3 days
Amount received (in GTQ)5,365 GTQ5,351 GTQ
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How do I compare transfer companies when transferring and receiving money via Guatemala?

  • Exchange rates. Check to see how a provider’s exchange rates stack up against its competitors, as even a slight discrepancy in exchange rates can result in a big difference when it comes to the final amount your beneficiary receives.
  • Transfer methods. Can you place transfers online or at a branch? Are phone and mobile app transfers also available?
  • Transfer options. Can you place forward contracts and limit orders as well as regular transfers? Do you have the option of scheduling regular payments in advance?
  • Minimum and maximum limits. If the company imposes minimum and maximum limits on each transfer, will those limits have any effect on your regular transfer requirements?
  • Processing times. Transaction processing times can vary from a few minutes to five business days.
  • Pickup options. Some companies offer cash pickup transfers while others offer bank account deposits.
  • Customer service. Check to see how customer support is offered (phone / email / live chat) and the hours during which it is available.
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How do I send money to Guatemala from Australia?

  • Specialist transfer providers. Companies such as WorldRemit offer fast and affordable international transfers.
  • Cash pickup transfer companies. Check to see if there is a Western Union or MoneyGram agent close to your beneficiary in Guatemala.
  • Bank transfers. Another option is to send a transfer from your Australian bank account to your recipient’s account in Guatemala.
  • International cheques. A more time-consuming method is to obtain an international guaranteed cheque from your bank.

How do I receive money from Guatemala in Australia?

  • Specialist transfer providers. Compare a range of options to see which transfer companies offer transactions from Guatemala to Australia.
  • Cash pickup transfer companies. It’s quick and easy to search online for your nearest cash pickup location.
  • Bank transfers. Do a quick comparison to see how your bank’s exchange rates stack up against those offered by other providers.
  • International cheques. Find out how much your bank will charge you when you cash an international cheque.
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Emergency cash transfers in Guatemala

Sometimes you might need to send a fast cash transfer to Guatemala as quickly as possible, and companies like Western Union and MoneyGram can help you do this. Just be aware of the fact that emergency cash transfers tend to cost more than normal transactions due to higher fees and possibly lower exchange rates. Reviewing the details and full cost of your transaction before you agree to it is essential.
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Tips for picking up cash in Guatemala

Australian travellers to Guatemala are advised to exercise a high degree of caution by the Department of Foreign Affairs and Trade, so keep the following tips in mind when collecting cash:

  • Don’t go alone – ask a friend to come along
  • Only visit cash pickup locations in areas where you feel safe
  • Don’t display your cash in front of strangers
  • Don’t carry the money around for any longer than you need to
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What are the steps to send money to Guatemala?

  1. Sign up for an account. It’s usually free to sign up for an account online, and you’ll usually need to supply your full name, contact details and proof of ID.
  2. Provide your transaction information. The next step is to provide all the details of your money transfer, including the amount you’re sending, where you’re sending it to, and in what currency.
  3. Finalise your transfer. The last step in the process is to review the cost of your transaction and then submit your transfer request. Many companies also offer an online tracking service so that you can check on the progress of your funds.
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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.

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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