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Send money to East Timor (Timor-Leste)

Here's how you can send affordable money transfers from the US to Timor-Leste.

Sending money from the US to East Timor (Timor-Leste) doesn’t have to be a difficult process. Since the currency of East Timor is the USD, you won’t have to worry as much about varying exchange rates, but you will have to consider the other costs of transferring money.

Send money to Timor-Leste with WorldRemit

WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.

  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
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Compare money transfer companies to East Timor

Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

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Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

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Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

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XE has fast transfers with low fees and a range of foreign currency tools.
WorldRemit
Within an hour
From $1.99

View details
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Wise (TransferWise)
Within an hour
From $2.26

View details
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

View details
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
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Compare up to 4 providers

Best ways to send money to East Timor

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to East Timor. Some offer cash pickup in as little as a few minutes, while others transfer to bank accounts.

1. Digital money transfer services

Companies like Wise and XE specialize in foreign currencies, making them some of the most cost-effective ways to send money to East Timor. Most offer transfers directly to your recipient's bank account in East Timor, often in as little as a day or two.
  • Why? Digital money transfer services are cheaper because they exist online and don't have as many employees or physical locations.

2. Cash transfers

Services like Remitly and WorldRemit allow you to transfer cash for pickup at a local branch in East Timor— often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees.
  • Why? Picking up cash is more expensive because more people are involved.

3. Banks

The US dollar may be offered by your bank, but beware of high fees and wide margins on the exchange rate. Compare bank transfers to digital services and other options before sending a wire transfer to East Timor.
  • Why? Banks offer money transfers as a secondary service so don't strive to offer competitive prices.

Let's crunch the numbers: Sending $1,000 to East Timor

Let's say you need to send $1,000 to family in East Timor. Here's what you might face as far as fees and exchange rates using today's rate of 1 USD = 1.000 USD.
Digital money transfer service Cash transfer Bank transfer
Fee $0 $4 $25 + additional correspondent bank fees
Exchange rate 1 USD = 0.997 USD 1 USD = 0.995 USD 1 USD = 0.950 USD
Transfer speed 1-2 days Minutes 2-5 days
Amount received USD$997 USD$991 USD$926
Verdict
  • Best value
  • Fastest
  • Slowest and most expensive

The bank option ends up being the slowest and gets the smallest amount of money to your recipient in East Timor. A digital transfer sends the most, which is USD$71 more than the bank. For speed, a cash transfer can typically have your transfer to East Timor in as little as 15 minutes. Make sure there's a cash pickup location near your recipient before sending.

How to send money to East Timor online

Sign up and send money to East Timor with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Compare and pick a provider before signing up for a free online account using your contact information, proof of ID and preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If transferring to a bank, you'll need their bank account details in East Timor.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to East Timor. Some money transfer providers send a text or email when your transfer is complete.

Get the most out of your money transfer to East Timor

Weigh costs and fees against convenience to best compare money transfer providers that send to East Timor. Consider:

  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of US dollars you're sending to East Timor.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to East Timor.
  • Sending limits. Comparing prices for one large transfer instead of many small transfers is typically easier, so picking the service you use based on how much you're sending is a valid strategy for saving money.
  • Transfer methods. Whether you want money sent to a bank account in East Timor or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

How to send money to East Timor without a bank account

If you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up US dollars without a bank account.

Emergency cash transfer

When urgency trumps cost to get your money to East Timor quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

What to watch out for

Sending money to relatives or family members in East Timor may be subject to taxes on the money transfer and certain documents may be required.

Taxes on transfers to East Timor

In general, any large transfers being sent from the US to East Timor should be filed with the IRS to avoid any penalties.

Required information

Receiving money in East Timor:

  • Transfer confirmation details like a transfer number, an MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID like a passport or similar official ID may be required to pick up your transfer.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Sending to East Timor from the US:

  • Proof of identification like a government-issued ID or your SSN number.
  • Recipient information like their name, address and bank account information in East Timor.

Bottom line

Sending your hard-earned money to East Timor shouldn't cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country-specific guides the next time you need to make a transfer.

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