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How to send money to Nicaragua

Shop around for savings when you need to send an international money transfer to Nicaragua.

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When you need to send money to Nicaragua, you may come across a few hiccups: the country is small, and there aren’t many banks that provide money transfer services. Fortunately, there are dedicated money transfer companies that can help. You can compare your exchange rates and fees without spending too much time — or money — on the process and quickly get money to your recipient.

Send money to Nicaragua 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.
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Compare money transfer services to Nicaragua

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 34.544 NIO 17,134 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
USD 1 3 - 5 days USD 20.00 33.884 NIO 16,264 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 1 Same day USD 1.00 34.058 NIO 16,995 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details
USD 0 1 - 2 days USD 1.99 34.058 NIO 16,961 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 versus money transfer companies

It always makes sense to compare your options when choosing a money transfer provider, because transaction costs differ substantially from one provider to the next. While banks offer a convenient and reliable transfer option, they’re also one of the most expensive choices. With low exchange rates and high fees, bank transfers are prohibitively expensive. In addition, there may not be many that are willing to convert US dollars to Nicaraguan córdobas.

That’s why you can save money if you shop around for a specialist transfer company. Companies like WorldRemit are experts when it comes to moving money abroad, and they can offer better exchange rates and minimal transfer fees. If you’re willing to take a few minutes to see if there’s a cheaper option available, your bank balance could benefit.

Case Study: Joe sends money to Nicaragua

Joe wants to send $1,000 to his aunt and uncle in Nicaragua. Although Joe lives and works in the US, he spent a year living with his aunt and uncle when he was a student and he wants to repay them for their hospitality. But when he sees just how much lower his bank’s exchange rate is when compared to the mid-market rate, he decides to compare two transfer companies to see if there’s a cheaper solution available.

Money transfer company 1Money transfer company 2
Exchange rate$1 USD = $19.7387 NIO$1 USD = $19.6945 NIO
Transfer fee$0$5
Transfer methodOnline bank account transferOnline bank account transfer
Processing time1-3 days1-3 days
Amount received (in NIO)$19,738.70$19,694.50

Joe can send an extra $44.20 NIO and save $5 in transfer fees by using the first company. This means he’ll be able to give more to his aunt and uncle while avoiding more costly fees.

How do I compare transfer companies when sending money to Nicaragua?

When comparing your options, pay attention to these factors:

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • Transfer options. Can you lock in an ideal exchange rate now and transfer the money later, known as a forward contract? Does the institution offer limit orders, which allows you to take advantage of changing market conditions by executing the money transfer when a certain exchange rate is met? Can you schedule recurring payments, or does the company only provide one-off spot orders?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfers?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. What sort of customer support is offered and during what hours can you receive assistance?
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Foreign exchange rates explained

Exchange rate determines how much one currency is worth when converted to the currency of another country. The US dollar is traditionally strong against the Nicaraguan córdoba. This means you’ll be able to get more córdobas for ever dollar you sent overseas.

However, this amount can fluctuate from day to day. If you’re sending money to Nicaragua often, you’ll want to keep tabs on the exchange rate to be sure you’re sending money when rates are high so you can get more money to your recipient without having to spend extra.

Today’s USD-NIO exchange rate

What are my options for sending money to Nicaragua from the US?

  • Specialist transfer providers. Money transfer companies like WorldRemit offer convenient and cheap international transfers.
  • Cash pickup transfer companies. Western Union and MoneyGram both have cash pickup locations in Nicaragua.
  • Bank transfers. Do your research to see how your bank’s exchange rates and fees compare to those offered by other providers.
  • International checks. An old-fashioned and slow transfer method is to mail a check to Nicaragua.

What are the steps to send money to Nicaragua?

  1. Find a money transfer provider in the table above or search online.
  2. Create an account and start a transfer.
  3. Enter your recipient’s personal information and the amount you want to send.
  4. Pay for your transfer.
  5. Save your tracking number.

You can use your tracking number to keep tabs on the transfer and make sure everything goes smoothly. And if you plan on making multiple transfers to Nicaragua, having an account with a money transfer service will make it easier to send money in the future.


Emergency cash transfers in Nicaragua

There are certain situations when you might need to send a transfer as quickly as possible. If this is the case, check your exchange rates and the fees. Emergency transfers may be possible, but they could be quite costly. You’ll want to know the exact amount you’re spending and how much your recipient will receive before finalizing the transfer to be sure waiting a day or too wouldn’t be more beneficial.

Tips for picking up cash in Nicaragua

  • Take a friend with you when picking up cash.
  • Confirm a cash pickup agent’s location and hours of operation before visiting.
  • Avoid any high-crime areas.
  • Don’t advertise your cash in public.
  • Don’t carry the money around for any longer than is necessary.
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