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How to send money to Peru

Compare exchange rates, transaction fees and transfer options when you need to send a fast and affordable money transfer to Peru.

Shirley Liu

Updated Apr 27, 2020

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If you’re looking to send money from the US to Peru, keep the process simple by comparing your money transfer options. Converting US dollars to Peruvian sols doesn’t have to be pricey, and when your loved one is in need of a little extra, you could have money to them within a few days.

Send money to Peru with Remitly

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Compare money transfer services to Peru

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Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
USD 1	Same day	USD 0.00	3.532	PEN 17,659	Offering no maximum and no minimum limit transfers with $0 fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AMD, AUD, BAM, BBD, BDT, BGN, BHD, BND, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EUR, FJD, GBP, GEL, GTQ, HKD, HNL, HRK, HUF, IDR, ILS, JMD, JOD, JPY, KES, KRW, KWD, KZT, LKR, LSL, MAD, MKD, MUR, MWK, MXN, MYR, NAD, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SZL, THB, TND, TOP, TRY, TTD, TWD, TZS, UGX, USD, VUV, WST, XCD, XPF, ZAR Go to site Read the full review
USD 1	Within an hour	USD 3.99	3.533	PEN 17,650	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	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, RON, RUB, RWF, SCR, SEK, SGD, SLL, SOS, SRD, THB, TJS, TND, TOP, TRY, TZS, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, ZAR, ZMW, BYN Go to site Read the full review
GBP 1,000	1 - 2 days	USD 0.00	3.512	PEN 17,561	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	Compare	Show details	Details Minimum transfer amount GBP 1,000.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Chat Available currencies AED, AFN, ALL, AMD, ARS, AUD, AZN, BDT, BGN, BHD, BIF, BMD, BOB, BRL, BWP, CAD, CDF, CHF, CLP, CNY, COP, CRC, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GNF, GTQ, HKD, HNL, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, JPY, KES, KRW, KWD, KZT, LBP, LKR, LSL, MAD, MDL, MGA, MKD, MUR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SEK, SGD, SLL, THB, TND, TRY, TTD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VND, WST, XAF, XCD, XOF, XPF, ZAR, ZMW Go to site Read the full review
USD 1,000	1 day	USD 0.00	3.512	PEN 17,561	No-maximum limit transfers with competitive exchange rates for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
USD 2,000	1 day	N/A	N/A	N/A	$0 transfer fees with rates at never more than a 2% markup.	Go to site	Compare	Show details	Details Minimum transfer amount USD 2,000.00 Transfer methods Online, Phone Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email, Branch Available currencies AED, AUD, CAD, CHF, DKK, EGP, EUR, GBP, HKD, ILS, JPY, NOK, NZD, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
USD 1	1 - 2 days	USD 100.00	3.548	PEN 17,384	Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online Transfer options Regular payments, One off payments Customer service Phone, Chat, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
USD 1	3 - 5 days	USD 20.00	3.459	PEN 17,226	The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe.		Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, International Money Order Transfer options Regular payments, One off payments Customer service Phone, Chat, Email, Branch Available currencies AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BZD, CAD, CDF, CHF, CLP, CNY, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ERN, ETB, EUR, FJD, FKP, GBP, GEL, GGP, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, IDR, ILS, IMP, INR, IQD, IRR, ISK, JEP, JMD, JOD, JPY, KES, KGS, KHR, KMF, KPW, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MYR, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SDG, SEK, SGD, SHP, SLL, SOS, SPL, SRD, STD, SYP, SZL, THB, TJS, TMT, TND, TOP, TRY, TTD, TVD, TWD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, WST, XAF, XCD, XDR, XOF, XPF, YER, ZAR, ZMW Read the full review
USD 1	Same day	USD 8.00	3.468	PEN 17,312	Easily transfer cash to more than 350,000 locations around the world.		Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Transfer options N/A Customer service Phone, Email Available currencies AED, AFN, ALL, AUD, BND, CAD, CHF, CZK, DKK, EUR, FJD, GBP, GNF, HKD, HUF, IDR, ILS, INR, IRR, JPY, KRW, KWD, LKR, LRD, LYD, MAD, MGA, MXN, MYR, NGN, OMR, PEN, PGK, PHP, PKR, PLN, SAR, SBD, SCR, SDG, SEK, SGD, THB, TOP, TRY, TWD, USD, UZS, VEF, VND, VUV, WST, XCD, XOF, XPF, ZAR Read the full review
USD 1	Same day	N/A	N/A	N/A	No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1.00 Transfer methods Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Email, Branch Available currencies AED, ALL, AMD, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, CAD, CDF, CHF, CLP, CNY, COP, CRC, DJF, DKK, DOP, EGP, ERN, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, ILS, INR, JMD, JOD, JPY, KES, KGS, KHR, KMF, KZT, LAK, LBP, LKR, LRD, MAD, MDL, MMK, MNT, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PEN, PHP, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SCR, SEK, SLL, SRD, THB, TJS, TND, TOP, TRY, TTD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VND, VUV, XAF, XCD, XOF, YER, ZMW, BYN Go to site Read the full review
USD 0	1 - 2 days	USD 1.99	3.477	PEN 17,377	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	Compare	Show details	Details Minimum transfer amount USD 0.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, BDT, BGN, BOB, BRL, CLP, CNY, COP, CRC, CZK, DOP, EGP, ETB, EUR, GHS, GTQ, GYD, HNL, HRK, HTG, HUF, IDR, INR, JMD, KES, KMF, KRW, LKR, MAD, MXN, MYR, NGN, NIO, NPR, PEN, PHP, PKR, PLN, PYG, RON, RWF, THB, TND, TRY, TZS, UGX, USD, UYU, VND, XAF, XOF, ZAR Go to site Read the full review

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

Most people think of their bank first when considering money transfers, but this might not be the best idea. Banks often charge high fees for even small transfers, and you usually won’t get the best exchange rate — especially when you’re looking to send an exotic currency like the sol.

On the other hand, money transfer companies have lower fees, better exchange rates and faster service. You will likely be able to find a better deal by comparing them, and you may be able to send much more money to your loved one in Peru.

Case Study: Gloria Sends Money to Peru

Gloria wants to send $1,000 from New York to her sister in Lima. She has an account big bank in the US, but after learning they don’t offer exchanges with exotic currencies, she decides to shop around for a money transfer provider to try to find a better deal.

	Money transfer provider 1	Money transfer provider 2
Exchange rate	$1 USD = $3.253 PEN	$1 USD = $3.262 PEN
Transfer fee	$10	$0
Transfer method	Online	Online
Processing time	1 to 3 days	1 to 3 days
Amount received (in PEN)	S/ 3,253.00	S/ 3,262.00

As you can see, Gloria can send more using the second transfer company and can also save $10 in transfer fees.

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

Exchange rates. Shop around to find a transfer provider that offers better exchange rates than its competitors. However, make sure those great rates don’t also come with high transfer fees attached.
Transaction fees. Check the fine print to see how much it will cost you each time you send a transfer; it’s also a good idea to find out whether you can avoid paying a fee if you transfer a large sum of money.
How easy it is to use. Can you place transfers online or by visiting a branch? Are there other convenient options available, such as placing transfers over the phone or using a free mobile app?
Flexible 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?
Turnaround time. Compare transaction processing times to see which company can get your money to Peru the fastest, but remember that quick transfers usually cost more.
Minimum and maximum transfer amounts. Some providers impose minimum and maximum transaction limits. Check to see if these limits will affect you.
Cash collection options. Does the provider offer bank account transfers or a cash pickup option?
Customer service. Are phone and email support offered? Is there an online help center and live online chat if you need immediate assistance?

Foreign exchange rates explained

Banks and money transfer companies use exchange rate to calculate how much one currency is worth when converted to the currency of another country. The US dollar is strong against the Peruvian sol. This means $1 will yield more when exchanged for sols. However, this amount can change daily based on global economic stability, interest rates and inflation.

Live USD-PEN exchange rate

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

Specialist money transfer companies. Online transfer companies, like WorldRemit and OFX, offer fast and convenient transfers to countries all around the world.
Cash pickup transfer companies. Providers such as Western Union and MoneyGram offer convenient cash pickup transfers to Peru.
Bank transfers. Some banks may send money transfers to Peru, but this option is usually more expensive than money transfer companies.
International checks. Another option is to obtain an international check from your bank and mail it to your beneficiary in Peru.

What are the steps to send money to Peru?

Compare your money transfer options. You can money transfer companies in the table above to find one that fits your needs.
Sign up for an account with a transfer provider. Registering is usually free and can be done online. You’ll need to provide your name, contact details and a valid form of photo ID.
Provide transaction information. The next step is to enter all the details of your transfer, including who you’re sending money to, where they live, how much money you’re sending and in which currency.
Complete your transaction. The last step in the process is to review the transfer details, pay for your transaction and keep hold of any receipt you are given so that you can track your transfer.

Emergency cash transfers in Peru

If you need to send money to Peru as quickly as possible, some companies offer rapid international transfers in as little as 10 minutes. However, fast transfers usually don’t come cheap, and you can expect the transaction to cost extra thanks to low exchange rates and high transfer fees. With this in mind, make sure that you take a close look at the full cost of your transaction before deciding whether it is a cost-effective transfer option.

Cash pickup locations in Peru

Worldremit
Banco de Crédito – Argentina branch
Address: Av. Argentina 2096
Hours: 9:00 AM – 6:30 PM
Phone:
Banco de Crédito – Barrio Chino
Address: Jr paruro 781 Cercado de Lima
Hours: 9:00 AM – 6:30 PM
Phone:
Banco de Crédito – Cailloma branch
Address: Jr. Cailloma Nº 466-474-478-498 y Av. De la Emancipación Nº 300-308-312
Hours: 9:00 AM – 6:30 PM
Phone:

Moneygram
Banco De La Nacion – #0010 – BARRANCO
Address: Avenida Grau 101 Jiron Dos De Mayo, Lima
Hours: 8:00 AM – 5:30 PM
Phone: +51-1-4673773
Interbank – #531 – LIMA
Address: Lote A2 Mazana F URB Rosario Sona Local 1Y 2, Lima
Hours: 9:00 AM – 9:00 PM
Phone: +51-1-2192000
Compartamos Financiera – #081 – LIM
Address: 15 AV De Julio LT 39 Sona A P J Proyecto Especial Huaycan AT, Lima
Hours: 9:00 AM – 6:00 PM
Phone: +51-1-6194160

Western Union
Macklenan Ocona
Address: Jr Ocona 176 Lima, Lima L01
Hours: 8:00 AM – 11:00 PM
Phone: +51-1-4286421
Casa De Cambio Guillermo
Address: Jr Tacna 259
Chosica Lima, Lima
Hours: 8:00 AM – 11:00 PM
Phone: +51-1-3612383
ScotiaBank Las Malvinas
Address: Av Argentina 646 650 Lima, Lima
Hours: 9:00 AM – 6:00 PM
Phone: +51-1-2116000
Worldremit
Banco de Crédito – Cusco branch
Address: Av. El Sol 189
Hours: 9:00 AM – 6:30 PM
Phone:
Banco de Crédito – Diagonal branch
Address: Av. Ramón Zavaleta 120
Hours: 9:00 AM – 6:30 PM
Phone:
Banco de Crédito – Real Plaza Cusco
Address: Av. De la Cultura Lt. A-2, Ex Seminario San Antonio Abad – Cuzco
Hours: 9:00 AM – 6:30 PM
Phone:
Moneygram
Interbank – #431 – CUSCO – Larapa
Address: Urb. Cachimayo I Frontis Av. De la Cultura Mz.C Lote 21-A, Cusco
Hours: 9:00 AM – 6:00 PM
Phone: +51-1-2192000
Paz – Urcos
Address: AV Arica 175 A 1/2 Cuadra De Plaza De Armas, Cusco
Hours: 6:00 AM – 11:00 PM
Phone: +51-1-6130000
Interbank – #428
Address: Avenida De La Cultura450-Urba San Tarosa, Cusco
Hours: 9:00 AM – 9:00 PM
Phone: +51-1-2192000
Western Union
AG Cuzco
Address: Calle Afligidos Nro 124 Cuzco
Hours: 9:00 AM – 7:00 PM
Phone: ++51-84-248028
Financiera TFC Cusco
Address: Av De La Cultura N 1128 Wanchaq Cusco
Hours: 9:00 AM – 6:00 PM
Phone: +51-1-3133600
Ahente DHL Cuzco
Address: Av El Sol 608 Cusco, Cusco 84
Hours: 8:30 AM – 7:00 PM
Phone: +51-84-244167
Worldremit
Banco de Crédito – Arequipa branch
Address: Calle San Juan de Dios 123, Arequipa
Hours: 9:00AM – 6:30 PM
Phone:
Banco de Crédito – Cayma branch
Address: Av del Ejercito C.C. Cayma Of. 33, Arequipa
Hours: 9:00 AM – 6:30 PM
Phone:
Banco de Crédito – La Merced (Sur) branch
Address: Esq. Calle La Merced con Av. Salaverry, Arequipa
Hours: 9:00 AM – 6:30 PM
Phone:

Moneygram
Interbank – #319
Address: Avenida Lamarinan 300 ESQ Conpalacioviejo, Arequipa
Hours: 9:00 AM – 9:00 PM
Phone: +51-1-54222670
La Yapa – AREQUIPA
Address: Calle Puente Bolognesi No 118 Tienda 112, Arequipa
Hours: 9:00 AM – 6:00 PM
Phone: +51-1-1942785
Interbank – #343 – AREQUIPA
Address: AV Porongoche Local Commercial LF 5, Arequipa
Hours: 9:15 AM – 6:30 PM
Phone: +51-1-2192000

Western Union
Caja Nuestra Gente AG Chuquibamba
Address: Calle Simeon Tejada No 113 B Chuquibamba Condesuyos, Arequipa
Hours: 9:00 AM – 6:00 PM
Phone: +51-54-959749409
AG Arequipa
Address: Calle Mercaderes Nro 224 Local Arequipa, Arequipa
Hours: 9:00 AM – 7:00 PM
Phone: +51-54-4220014
Greyes J Net
Address: Calle Mercaderes 212 Int 7 Arequipa, Arequipa AREQUIPA 54
Hours: 8:00 AM – 10:00 PM
Phone: +51-54-242367

Thank you for your feedback!

Shirley Liu

Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.

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2 Responses

GregDecember 22, 2018

I transferred money via PayPal. I was told the amount received was 30% less than the amount send due to high bank charges for the conversion. Will all transfer services through bank accounts have the same charge?

Reply
- finder Customer Care
  
  JoshuaDecember 22, 2018Staff
  
  Hi Greg,
  
  Thanks for getting in touch with finder. I hope all is well with you. :)
  
  Yes, it is true that there are bank charges for the conversion. However, PayPal shows you this charge before you proceed with your money transfer. With this in mind, it would be a good idea to review first the fees. If the fees are acceptable to you, then you may proceed. If not, you might want to check other money transfer services found on the table above.
  
  I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
  
  Have a wonderful day!
  
  Cheers,
  Joshua
  
  Reply

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How to send money to Peru

Compare exchange rates, transaction fees and transfer options when you need to send a fast and affordable money transfer to Peru.

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