How to send money to Nicaragua

Shop around for savings when you need to send an international money transfer to Nicaragua.

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When you need to send money to Nicaragua, you may come across a few hiccups: the country is small, and there aren’t many banks that provide money transfer services. Fortunately, there are dedicated money transfer companies that can help. You can compare your exchange rates and fees without spending too much time — or money — on the process and quickly get money to your recipient.

Compare money transfer services to Nicaragua

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
NZD 1 Within an hour NZD 3.99 20.93 NIO
104,565
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
NZD 0 1 day NZD 0.00 20.888 NIO
104,438
Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
NZD 2,000 2 days NZD 0.00 20.888 NIO
104,438
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
Go to site Show details

Compare up to 4 providers


The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Banks versus money transfer companies

It always makes sense to compare your options when choosing a money transfer provider, because transaction costs differ substantially from one provider to the next. While banks offer a convenient and reliable transfer option, they’re also one of the most expensive choices. With low exchange rates and high fees, bank transfers are prohibitively expensive. In addition, there may not be many that are willing to convert New Zealand dollars to Nicaraguan córdobas.

That’s why you can save money if you shop around for a specialist transfer company. Companies like WorldRemit are experts when it comes to moving money abroad, and they can offer better exchange rates and minimal transfer fees. If you’re willing to take a few minutes to see if there’s a cheaper option available, your bank balance could benefit.

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

When comparing your options, pay attention to these factors:

  • Exchange rates. How do each company’s exchange rates compare to the competition?
  • Fees. How much will you have to pay to send the transfer? Can you avoid a transfer fee if you send a larger amount?
  • Transfer methods. Can transfers be placed online, over the phone, by visiting a branch and/or by using a mobile app?
  • 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, or does the company only provide one-off spot orders?
  • Turnaround time. Will the funds be available for your beneficiary in minutes, or will they take several working days to arrive?
  • Minimum transfer amount. What is the minimum transfer limit imposed by each company, and will this affect the size of your transfers?
  • Pickup methods. Can your beneficiary pick up the cash from their nearest transfer agent, or will the funds be deposited into their bank account?
  • Customer service. What sort of customer support is offered and during what hours can you receive assistance?

Foreign exchange rates explained

Exchange rate determines how much one currency is worth when converted to the currency of another country. The New Zealand dollar is traditionally strong against the Nicaraguan córdoba. This means you’ll be able to get more córdobas for ever dollar you sent overseas.

However, this amount can fluctuate from day to day. If you’re sending money to Nicaragua often, you’ll want to keep tabs on the exchange rate to be sure you’re sending money when rates are high so you can get more money to your recipient without having to spend extra.

Today’s NZD-NIO exchange rate

What are my options for sending money to Nicaragua from New Zealand?

  • Specialist transfer providers. Money transfer companies like WorldRemit offer convenient and cheap international transfers.
  • Cash pickup transfer companies. Western Union and MoneyGram both have cash pickup locations in Nicaragua.
  • Bank transfers. Do your research to see how your bank’s exchange rates and fees compare to those offered by other providers.
  • International checks. An old-fashioned and slow transfer method is to mail a check to Nicaragua.

What are the steps to send money to Nicaragua?

  1. Find a money transfer provider in the table above or search online.
  2. Create an account and start a transfer.
  3. Enter your recipient’s personal information and the amount you want to send.
  4. Pay for your transfer.
  5. Save your tracking number.

You can use your tracking number to keep tabs on the transfer and make sure everything goes smoothly. And if you plan on making multiple transfers to Nicaragua, having an account with a money transfer service will make it easier to send money in the future.


Emergency cash transfers in Nicaragua

There are certain situations when you might need to send a transfer as quickly as possible. If this is the case, check your exchange rates and the fees. Emergency transfers may be possible, but they could be quite costly. You’ll want to know the exact amount you’re spending and how much your recipient will receive before finalizing the transfer to be sure waiting a day or too wouldn’t be more beneficial.

Tips for picking up cash in Nicaragua

  • Take a friend with you when picking up cash.
  • Confirm a cash pickup agent’s location and hours of operation before visiting.
  • Avoid any high-crime areas.
  • Don’t advertise your cash in public.
  • Don’t carry the money around for any longer than is necessary.
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