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

Information verified correct on April 28th, 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 April 28th, 2017

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

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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
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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
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changing, click to check
your price today
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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
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changing, click to check
your price today
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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
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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
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changing, click to check
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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

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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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