How to send money to Venezuela

From cash pickup to online transfers to a bank account, there are affordable ways to send money to Venezuela.

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 Venezuela doesn’t have to be expensive. Compare the transfer fees and exchange rates of the many options available to you to get the best deal.
World First Foreign Exchange

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  • Spot contracts, forward contracts and limit orders are available.
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    Compare money transfer services to Venezuela

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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
    1 day USD 0.00 9.935 Online, Phone, Bank Account to Bank Account VEF 49,675 Send safe, no-limit transfers with no fees and competitive exchange rates. Go to site Show details
    Do you send money often? Track this rate with tailored alerts direct to your inbox

    Compare up to 4 providers

    Banks versus money transfer companies

    Money Transfer Company 1 – Bank Money Transfer Company 2 – Cash Payment Service Money Transfer Company 3 – Online FX provider
    Exchange rate$1 USD = $9.45 VEF$1 USD = $9.935 VEF$1 USD = $9.952 VEF
    Transfer fee$45$80$15
    Amount received for $1,000 (in Venezuela bolívars)$9,450 VEF$9,935 VEF$9,852 VEF
    Transfer time2 – 4 business daysMinutes2 business days
    DeliveryBank depositCash collectionBank deposit

    How do I compare money transfer companies?

    • Exchange rate. Venezuelan bolivars are an exotic international currency. Most money transfer companies do not trade this currency. You can find a list of the companies that do in the following section of this article.
    • Transfer time. How quickly do you need the money to get to Venezuela? If the answer is minutes, then go for a provider like Western Union. If you have time, it can be worth looking for a slower, cheaper option. The transfer time is based on a couple of things, including the payment and delivery method.
    • Transfer fee. The cost for carrying out the transfer. The transfer fee can vary greatly between providers. Some providers waive the fee if you transfer a certain amount. For example, transactions greater than $10,000 might not incur a transfer fee.
    • Delivery method. This is as simple as whether you want the funds to be collected as cash or whether you want them to be deposited in a bank account.
    • Payment method. How can you pay? Some companies let you pay for a transfer using your credit card or debit card. Bank deposit is the preferred payment method for most money transfer companies.
    • 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?
    • Customer service. Is there a U.S.-based customer service team on hand to take your call?
    • Transfer limits. How much do you want to send? Different providers have different minimum and maximum limits.
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    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.

    What are my options for sending money to Venezuela from the U.S.?

    Banks

    Bank-to-bank transfers may cost more than other options, but they are a secure way to send money to Venezuela.

    Online foreign exchange companies

    These online international payment providers can send money to a bank account or PayPal account in Venezuela.

    • OFX. OFX can deliver funds to Venezuela in one business day. The minimum transfer amount is $150 USD.
    • WorldFirst. WorldFirst also provides transfers to Venezuela.
    • PayPal. Both the sender and the receiver need to have a PayPal account. PayPal charges a percentage based fee structure.

    International cash payment services

    MoneyGram and Western Union can send cash to Venezuela to collect from an agent in minutes.

    • MoneyGram. MoneyGram has fewer cash collection points in Venezuela compared to Western Union.
    • Western Union. Western Union has a number of agents across Venezuela.

    Emergency cash transfers to Venezuela

    There are certain situations when you might need to send a transfer as quickly as possible. When you do need to send an emergency transfer, remember that you will usually have to pay extra in order to get your funds to your beneficiary ASAP. Make sure to check the exchange rate and fees that apply so you know exactly how much it will cost.

    Find a money transfer location near you

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    Tips for picking up cash in Venezuela.

    The U.S. government warns against travel to parts of Venezuela, especially the Venezuelan and Colombian border. Venezuela has one of the highest crime rates in the world. Murder, robbery, theft and assault are common across Venezuela. Exercise a high degree of caution when collecting cash from an agent. If possible, do not travel alone. Police or your hotel concierge may be able to help arrange an escort if you’re collecting a large amount of cash and you’re concerned about your personal safety.

    What are the steps to send money to Venezuela?

    Bank transfer

    From your internet banking menu, once you have the payee as an international beneficiary, you can send a payment to Venezuela from the comfort of your home any time of the day.

    PayPal

    Once you’ve logged in to your PayPal account, you can search for the recipient’s PayPal account using their email or mobile phone number. It’s free to create a PayPal account.

    Money transfer companies

    You’ll need to create a free account first to send money to Venezuela using the non-bank providers listed on this page. This is a straightforward process and can be completed by providing some basic information about yourself such as:

    • Your name
    • Your address
    • Your contact numbers
    • Your identification

    After you’ve paid for your transfer, you will be given a tracking or reference number you can use to check on the status of your money transfer. You may need to upload a copy of your passport and a utility bill to the money transfer provider’s website to complete the registration process.

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