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.

When you need to get money to a loved one overseas, the last thing you want to have to deal with is navigating a potentially complicated and expensive process. Sending money from the United States to Peru doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the most Peruvian sols for your dollar.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Peru is easy. However, do your research and shop around for the best available deal.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

Send money to 110+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FREE.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    Compare money transfer services to Peru

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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:

    • Buying property abroad
    • Emigrating
    • Regular overseas payments
    • Risk management
    • Forecasting

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Services Amount Received Description CTA Details
    World First Foreign Exchange
    USD 1,000 1 day - - Online Exclusive offer: $0 transfer fee
    No-limit transfers with competitive exchange rates for more than 100 currencies.
    Go to site View details
    WorldRemit International Money Transfers
    USD 1 Within an hour USD 3.99 3.204 Online, Bank Account to Bank Account, Cash Transfer PEN 16,009 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. Go to site View details
    OFX International Money Transfers
    USD 150 1 day USD 0.00 3.238 Online, Bank Account to Bank Account PEN 16,191 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site View details
    Western Union Money Transfers
    USD 1 Same day USD 20.00 3.186 Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer PEN 15,867 Big name in easy money transfers, with cash pickup at more than 500,000 locations worldwide. Go to site View details
    MoneyGram International Money Transfers
    USD 1 Same day USD 8.00 3.139 Online, Phone, Bank Account to Bank Account, Cash Transfer PEN 15,668 Easily transfer cash to more than 350,000 locations around the world. Go to site View details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

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    Banks versus money transfer companies

    he first place many people go when they need to send an international money transfer is to their bank. While banks can certainly send money overseas for you, their fees are often higher compared to companies that specialize in international money transfers. These money transfer companies focus on international transactions and can offer much better exchange rates than most major banks.

    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 U.S. but, after learning they don’t offer this exotic currency, she decides to shop around for a money transfer provider to try to find a better deal. She compares two specialist online transfer companies in the table below.

    Money transfer provider 1Money transfer provider 2
    Exchange rate$1 USD = $2.253 PEN$1 USD = $2.262 PEN
    Transfer fee$10$0
    Transfer methodOnlineOnline
    Processing time1-3 days1-3 days
    Amount received (in PEN)S/.2,253.00S/.2,262.00

    As you can see, Gloria can send almost S/.9 extra using the second transfer company and can also save $10 in transfer fees.

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    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
    The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
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    What are my options for sending money to Peru from the U.S.?

    • Specialist money transfer companies. Online transfer companies, like World First and OFX, can offer fast and convenient transfers to destinations all around the world.
    • Cash pickup transfer companies. Providers such as Western Union and MoneyGram offer convenient cash pickup transfers to Peru.
    • Bank transfers. Compare the exchange rates and fees your bank offers on international transactions with those offered by transfer companies.
    • International guaranteed checks. Another option is to obtain an international check from your bank and mail it to your beneficiary in Peru.
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    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. 
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    What are the steps to send money to Peru?

    1. 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.
    2. 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.
    3. 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.
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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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