Best way to send money to Puerto Rico online | finder.com
Best ways to send money to Puerto Rico

Send money to Puerto Rico

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Pay low fees and safely send money to the Island of Enchantment.

Because Puerto Rico is a US territory and uses the US dollar, there’s no need to worry about losing money on weak exchange rates — you’ll only pay a transfer fee. Transfer fees will vary by provider, method of payment and delivery.

Picking up cash in Puerto Rico

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Find the cheapest, fastest money transfer to Puerto Rico

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Puerto Rico with our money transfer partners.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 0.988 USD 4,940 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.996 USD
4,980
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 0.00 0.983 USD 4,913 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 1,000 1 day USD 0.00 0.986 USD 4,930 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 day USD 8.00 0.978 USD 4,880 Easily transfer cash to more than 350,000 locations around the world. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.992 USD 4,960 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 5,000 1 day USD 0.00 0.979 USD 4,895 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.979 USD 4,895 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

Banks vs. money transfers

While you could choose the convenience of walking into your local US bank for a money transfer to Puerto Rico, you may pay a steep transfer fee to do so. That’s because some banks exclude US territories like Puerto Rico and Guam from its list of reciprocal banks, treating transfers to these territories as international transfers. Fees can $35 or more, depending on your bank.

With an independent money transfer specialist, you will typically pay a lower fee with better options for payment and delivery to your recipients.

How to compare transfer providers

  • Fees. Fees can vary wildly by provider, but your local banks will typically charge more than you’ll pay with an independent money transfer specialist.
  • Transfer options and speeds. Do you need to schedule your transfer online, by phone or in person? Confirm each provider’s method of payment, and ask how long it will take for delivery.
  • Minimum amounts. If a provider imposes a minimum limit on transactions, make sure this limit isn’t too high for your needs.
  • Pickup methods. Some providers allow for bank deposits only, while others may also offer the ability for your recipient to pick up your funds in cash.
  • Customer service. Confirm whether customer support is available 24/7 by phone, email or live chat, if you encounter a problem.
Venstar Exchange

Our pick: Venstar Exchange

Get competitive rates with no fee for transfers $5,000 and above.

  • Specializes in larger transactions for businesses and individuals
  • Get access to a dedicated Exchange Specialist to help your transaction go smoothly
  • Speedy approval: Approves most new accounts within hours
  • High security standards to safeguard your information

    Ways to send money to Puerto Rico from the US

    • Bank transfers. Most US banks and online providers like TransferWise and Xoom will allow you to send money to bank accounts in Puerto Rico.
    • Transfer companies with cash pickup. Funds can be picked up at Western Union, Ria and MoneyGram locations throughout the island.
    • PayPal. With low fees and fast transfer times, PayPal can be a sound option for sending smaller amounts to Puerto Rico.
    • Checks and money orders. While a slower option, these old-school payment methods are safe and effective.

    In an emergency situation, sending money to Puerto Rico can be expensive. Bank transfers are not ideal for emergency situations, because of their longer processing times.

    However, most independent providers allow you to send expedited payments with additional processing fees. Using a credit card can also save time, but expect higher fees with some providers for this method of payment.

    Tips for picking up cash in Puerto Rico

    When picking up cash in Puerto Rico, take a friend along who speaks Spanish, if you don’t know the language. Only about 20 percent of those living on the island speak English, and you can make expensive errors simply by not knowing the language. Never flash your cash when traveling, and avoid dark secluded areas.

    How to send money to Puerto Rico

    Regardless of how you choose to send money to Puerto Rico, you’ll typically need to set up an account.

    Most banks and money transfer providers will require your name, contact information and government-issued ID. Next, you’ll provide your recipient’s name and contact information, how much you’re sending and how your recipient will receive it. If you’re sending a bank transfer, you’ll also need to provide your recipient’s bank name, routing number and account number.

    Once you’ve completed your transfer, the provider will confirm your transaction with a reference number. Use this reference number to track the progress of your transfer to receipt.

    Bottom line

    With so many options available, sending money to Puerto Rico should be a simple and painless Process. By comparing your options, you can prevent unpleasant surprises like high fees and penalties for cash pickup. However, your cheapest option may be the services of an independent money transfer specialist. With these companies, you could pay $10 or less — or for larger transfers, no fee at all.

    Frequently asked questions

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    US International Money Transfers Offers

    Important Information*
    Logo for XE Money Transfer
    XE Money Transfer

    Offering no maximum and no minimum limit transfers with $0 fees.

    Logo for WorldRemit International Money Transfers
    WorldRemit International Money Transfers

    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.

    Logo for TransferWise
    TransferWise

    Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

    Logo for CurrencyTransfer
    CurrencyTransfer

    Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
    For larger transfers, get no transaction fees and no maximum send limits.

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