Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to send money to Guatemala

Shop around for savings when you sending money from the US to Guatemala.

Updated

Fact checked
When sending money to loved ones and businesses in Guatemala, you’ll want to compare the full range of your transfer options — from big-name online providers to newer specialist upstarts and peer-to-peer sites — to get the strongest rates and lowest fees for your specific needs. By shopping around, you can save big on even the smallest transfer.

Send money to Guatemala with WorldRemit

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

  • Use promo code 3FREE to get three free transfers.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.
Promoted

Compare money transfer services to Guatemala

Compare transfer fees, exchange rates and other details for sending funds to Guatemala with our trusted money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Same day USD 0.00 7.671 GTQ 38,357 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 Within an hour USD 3.99 7.674 GTQ 38,338 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 7.629 GTQ 38,145 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 1 3 - 5 days USD 20.00 7.513 GTQ 37,417 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 0 1 - 2 days USD 1.99 7.552 GTQ 37,745 Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

Banks vs. money transfer companies

When sending money to Guatemala or anywhere else, your first stop may be your local bank. But don’t let it be your last: While banks offer easy, convenient transfers, they typically won’t offer great value for your money. Bank transfers historically come with weak exchange rates and unnecessarily high fees, making this service far less affordable than it should be.

You can find more cost-effective transfer options through specialist transfer companies like WorldRemit and TransferWise. Because these providers trade large volumes of foreign currency daily, they can offer exchange rates that are more competitive than your local bank’s. Transfer fees tend to lower — or can come with no transfer fee at all. And shopping around for a better deal can reap you further savings.

Case study: Jack sends money to Guatemala

Jack wants to send $1,000 to his brother Steven, who lives in Guatemala City. Steven’s 30th birthday is fast approaching, and Jack wants to send the money as a gift. But he’s dismayed to discover that his bank considers the Guatemalan quetzal an exotic currency, charging higher fees and weaker exchange rates than Jack would like to pay. To find a more affordable deal, he compares the fees and features of two specialist money transfer companies.

Money transfer company A
Money transfer company B
Exchange rate1 USD = 7.31 GTQ1 USD = 7.24 GTQ
Transfer fee$9.99$4.99
Transfer speedWithin minutes1–3 days
Transfer option
Cash pickupOnline bank account transfer
Total GTQ received
7,310 GTQ7,240 GTQ

By comparing his options, Jack learns that there’s a lot more to compare than the exchange rate when looking for a good deal. Company A’s exchange rate results in more quetzal than by going with Company B, but that gain is eaten up by a higher transfer fee. Then, if it’s important that Steven be able to pick up the cash in minutes, it’s a fee worth paying. Ultimately, Jack compares these results to his specific needs to get money to Steven in time for his big three-oh.

Back to top

Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Because Guatemala’s exchange rate is flexible, it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Currency exchange rate for Guatemala

How do I compare transfer companies when transferring money to Guatemala?

By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • 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.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • 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.

What are the ways that I can send money to Guatemala from the US?

  • Bank transfers. Though Guatemala’s currency isn’t carried by all banks, you may find banks that will send money transfers to this country.
  • Money transfer providers. Providers like Ria and XE can help you quickly and easily transfer your money online.
  • Providers with cash pickup. Western Union and MoneyGram allow you to send funds for cash pickup at agent locations.
  • PayPal. Electronic payment giant PayPal may allow you to send money from the US to Guatemala.
  • Checks and money orders. Although not a quick option, you could send an international check overseas, obtained from your bank or US Postal Service.

Steps to send money to Guatemala

  1. Choose a money transfer provider with the fee, rate and delivery speed that suits your needs.
  2. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
  3. Provide your recipient’s contact information and complete your transfer.
  4. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.
Back to top

Same-day cash transfers to Guatemala

You might need to send an emergency cash transfer to Guatemala — 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 exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
Find a money transfer location near you

Tips for picking up cash in Guatemala

Whether picking up funds in Alta Verapaz 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.

Cash pickup locations in Guatemala

Back to top

Read more on this topic

  • US remittance statistics We've unpacked the most recently available data from the World Bank to get an idea of how much money is being sent around the globe.
  • Best ways to send money online Navigate the world of sending money domestically and internationally with our hand-picked list of popular services.
  • XE vs. OFX money transfers Check out this side-by-side comparison of XE and OFX to find out which provider offers the best value on international money transfers.
  • Alternatives to InstaReM Find the best alternative websites to InstaReM for online money transfers.
  • XE vs. Western Union We compare XE's and Western Union’s fees, exchange rates and transfer speeds side by side.
  • Remitly vs. PayPal Compare a well-known payments giant to the newer Remitly and see which one can give you a better deal.
  • Remitly vs. TransferWise Remitly and TransferWise’s fees, exchange rates and speeds compared side by side.
  • How to send money to Guinea Compare the services that send money to Guinea. Find out how to get the best value for your money, how long it takes and what to look out for.
  • Best places to exchange currency in Sydney Your guide to currency exchange services in Sydney, including where to find the best exchange rates and lowest fees.
  • Best places to exchange currency in Winnipeg Looking for the best deal on Canadian dollars in Winnipeg? Compare popular services and access handy tips to get the most out of your next transfer.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site