5 Cheaper Ways to Send Money from the USA to El Salvador (2023)

If you're looking for the best way to send money to El Salvador from the United States, use our list to find the cheapest, fastest way to transfer money online.

It can be time consuming to research money transfer companies and compare the best rate of foreign exchange. Our guide shows you which service has transparent fees, mobile apps and different delivery options to make your international money transfers easier.

Some of the best money transfer services to send money to El Salvador from the USA

1. Sending Money to Family and Friends:Remitly

2. Best Exchange Rates:Wise

3. Sending Cash to be Picked Up:WorldRemit

4. Paying in Person:Moneygram

5. Best Big Brand:Xoom, powered by PayPal

5 Cheaper Ways to Send Money from the USA to El Salvador (1)

5 Cheaper Ways to Send Money from the USA to El Salvador (2)

Remitly

Remitly accepts credit and debit cards, and with their Express option, money can be sent within minutes. Remitly have no minimum limit so it can be handy when sending small amounts to family or friends overseas.What we like about Remitly is they are cheaper than Xoom/PayPal or Western Union. It's also easy to make payments on the Remitly website or mobile app.

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How much does it cost to transfer funds to El Salvador?

Transfer Fee: The fee for "Economy" range between $3.99 to $99.99 depending on your amount. If you want the money sent faster, their "Express" fees range between $5.99 to $104.99 depending on your amount.
Exchange Rate: The exchange rate you receive depends on the amount of your transfer and which country your money is being sent.

How long does it take?

It depends on which service you choose. It's faster with "Express" but you have to pay by card and the fees are higher. It's slower but cheaper with "Economy" when you pay by bank transfer.

Is Remitly safe?

Yes they are. They are fully licensed and authorised. Click here to see our full review of Remitly.

Best features:

  • The person can receive their money transfer by bank deposit, cash pick up, mobile money or home delivery
  • Money back guarantee if your money doesn't arrive on time
  • Same-day cancellation requests are possible
  • Easy to sign up and quick to transfer money on mobiles or laptops

How it works

  • Log into the Remitly website.
  • When you're ready for payment, just type your name, card number, expiry date and card verification details.
  • Bank transfers or SWIFT payments are also available to send money from the US.

Service details:

For help from Remitly and phone number: US-1-888-736-4859

5 Cheaper Ways to Send Money from the USA to El Salvador (4)

Wise (formerly known as TransferWise)

If you prefer to transfer money online, Wise is one of the easiest ways to do it. It's incredibly simple to set up an account or make a transfer using their app. They also have the best exchange rates, because they offer the same market rate you see on XE or Google and don't add any hidden exchange rate mark ups.

How much does it cost?

Transfer Fee: 1.09 USD + 0.45% of your amount.
Exchange Rate: Wise gives you the best possible rate (google rate). They do not use a margin.
Additional Fees: Bank debit (ACH) is the cheapest; then bank wire transfer; followed by debit card and credit card.

How long does it take?

Your recipient will get the money in El Salvador Colon from Wise's local account on the same day.

Is Wise safe?

Yes they are. Click here to see our full review of Wise.

Best features:

  • Quick online set-up
  • Transparent fees and offer the best rates online
  • Very fast transfers to a bank account
  • Simple cell phone app

How to transfer money with Wise in 3 steps

  • Create an online account and login.
  • Tap in how much and where to. Enter your recipients details.
  • Make local US payment to Wise, using a bank transfer, SWIFT, or your debit or credit card.

Service details:

For Wise help online.

5 Cheaper Ways to Send Money from the USA to El Salvador (6)

WorldRemit

WorldRemit specializes in remittances and smaller transfers. They're perfect for personal money transfers from the US of up to USD3,000 to El Salvador. Their rates are usually better than your local bank's and they offer more flexible delivery options than companies like PayPal, Western Union or MoneyGram.

How much does it cost?

Transfer Fees: From USD3.99 up to USD14.99 when sending the maximum amount.
Cash Pickup Fees: From USD2.99 up to USD14.99 when sending the maximum amount.
Exchange Rate:WorldRemit add a margin to the exchange rate.
Maximum transfer amount: For money transfers, it varies depending on the bank you are paying into. For cash collection, the maximum is USD1,500

How long does it take?

Most bank transfers are completed on the same day. Cash transfers are usually ready for collection within minutes.

Is WorldRemit safe?

Yes they are.Learn more about how trustworthy WorldRemit are.

Best features:

  • Offers cash pick-up, bank deposits, Mobile Money and Airtime top-up in some countries
  • Easy online platform and cell phone app
  • Transparent costs with accurate calculator tool
  • 24/7 customer support

How to transfer money with WorldRemit

  • Create an online account and login.
  • Tap in how much, how you want to transfer (cash pickup, bank deposit, Mobile Money or Airtime top-up) and where to. Enter your recipients details.
  • Make local US payment to WorldRemit, using a bank transfer or your debit or credit card.

5 Cheaper Ways to Send Money from the USA to El Salvador (7)

Go to WorldRemit site

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5 Cheaper Ways to Send Money from the USA to El Salvador (8)

MoneyGram

MoneyGram is one of the oldest and largest money transfer companies in the world. They also have lots of different ways you can send money to El Salvador. You can send money online, using their app or in-person at one of their locations around the United States. They offer both money transfers into a bank account and a cash collection service.

How much does it cost?

With so many payment options available, it's hard to work out how much it costs without using their online calculator.

The fees you pay and the exchange rate you receive will all change depending on:

  1. The amount you are sending.
  2. How you making the transfer: on an app, online or in-person all have different fees.
  3. How you pay MoneyGram: fees vary depending on if you use a credit card, a debit card, a bank transfer or pay in a store.
  4. If the person in El Salvador is receiving into a bank account or in cash.

To get an estimate of the total costs including exchange rates and fees to send money to El Salvador with MoneyGram, click here.

5 Cheaper Ways to Send Money from the USA to El Salvador (9)

5 Cheaper Ways to Send Money from the USA to El Salvador (10)

Xoom powered by PayPal

Xoom is convenient for money transfers, but costly compared to other money transfer specialists.

How much does it cost?

Transfer Fee:Differs depending on amount and how you pay them. Paying them by bank transfer is free, but if you pay by card the fee is percentage based.
Exchange Rate: A margin is added to the exchange rate when you convert your US dollars (USD) into El Salvador Colon (SVC).
Get a quote: Click here to find out the cost to send money to El Salvador with Xoom.

How long does it take?

It will take 1-2 business days. Transfers submitted by 11 am EST on a bank business day will be delivered by 5 pm EST the next business day.

Is Xoom (PayPal) safe?

Yes they are. They are powered by PayPal, which is one of the oldest online payment platforms trusted for secure online money transfers.

Best features:

  • Safe, trustworthy, fully licensed and authorized company
  • Pay recipients bills or phone reloads via app
  • Regular status updates via text or email

How to transfer money with Xoom?

  • Sign up to an account and login.
  • Tap in how much and where to. Enter your recipients details. Enter how you would like to pay.
  • Recipient receives money in bank account or in cash available for pick up at agent location.

Service details:

Xoom help phone number: (877) 815-1531 (toll free) or +1 (415) 395-4225 from El Salvador.

5 Cheaper Ways to Send Money from the USA to El Salvador (11)

FAQs

Are there any minimum or maximum money transfer limits?

These vary depending on which online money transfer company you use.

For minimum transfer amounts, XE and Wise have no limits. OFX have a minimum of US$150 per single transaction.

For maximum transfer amounts, Wise has maximum limits of US$50,000 for personal accounts. For business accounts they have a maximum limit of US$250,000 in unlicensed states and up to US$1,000,000 in licensed states.

OFX and XE have no maximum transfer amounts. Meanwhile, Xoom has a limit of US$50,000 over 24 hours if you have the required documents.

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How do I keep my money online safe when I send it to El Salvador?

Safety is very important and all of the online companies above take their legal responsibilities very seriously. They take extreme measures to protect the sensitive data you provide them like your personal details and identification. However, it's still better to be safe than sorry. Here are some additional ways you can transfer funds safely:

  • Double check privacy policies and tracking process for your money transfer provider
  • Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
  • Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

What information do I need to send money to a El Salvadorian bank account from the United States?

To wire money from the US, you will need the following information about the recipient's account:

  • Recipient account holder name and full address
  • Account number you will be transferring money to
  • Swift / BIC code or Routing Number

How do I send money from my bank account in the US to another bank account in El Salvador?

Send money from your bank account to another bank account in El Salvador using these steps:

  1. Find the wire transfer section from the website of your financial institution.
  2. Check any transfer limits there might be.
  3. Enter the recipient’s bank details.
  4. Enter the amount and choose the currency you want to send your money.
  5. Pay the transfer processing fee - your bank can charge anywhere between US$30-80. Your recipient bank can charge as much as US$30 to receive the money.
  6. Find out how long it will take for your transfer to arrive.

Do all money transfer companies have a mobile phone app?

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps. However, some are easier to use than others.

What other common countries or currencies can I send money to from the US?

The most common countries or currencies money is sent to from the US includes: Mexico (MXN), China (CNY), India (INR), Germany (EUR), France (EUR), South Korea (KRW), United Kingdom (GBP), Japan, (JPY), Italy (EUR), Canada (CAD) and Australia (AUD).

Send money to and from the United States with these guides

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  • Send money to South Africa
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  • Send money from Australia to the United States
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  • Send money from Europe to the United States
  • Send money from Germany to the United States
  • Send money from India to the United States
  • Send money from Mexico to the United States
  • Send money from New Zealand to the United States
  • Send money from Singapore to the United States
  • Send money from the UK to the United States

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FAQs

What is the cheapest way to send money to El Salvador? ›

The cheapest way to send money to El Salvador is through TransferWise. When you consider all the necessary variables, TransferWise simply offers the best deal for sending money to El Salvador.

Can Zelle be used in El Salvador? ›

In order to use Zelle®, the sender and recipient's bank accounts must be based in the U.S.

What is the least expensive way to transfer money internationally? ›

The cheapest way to send money internationally is to transfer funds directly from your bank account to a recipient's bank account. Most transfer services charge additional fees for debit card or credit card payments and cash pick-ups. Credit card payments will incur additional charges from your credit card provider.

Can I send money to El Salvador with PayPal? ›

The power of PayPal at the speed of Xoom

That's a strength in numbers you can trust. And the best part is, if you have an account with PayPal you can start sending money to El Salvador right now with your PayPal payment options right at your fingertips.

How much is $50 US in El Salvador? ›

Exchange Rate Today For Converting Dollars to El Salvador Colon - 1 USD = 81.674 SVC
Convert USD:150
Into SVC:8.75437.68

How much is $1 US in El Salvador? ›

Dollar to El Salvador Colon Exchange Rate Today, Live 1 USD to SVC = 8.7464 (Convert Dollars to El Salvador Colon)

What app can I use to send money to El Salvador? ›

Send with our app

Download the Western Union® app to send money to El Salvador when you're away from home. Or start the process on the move and pay at an agent location.

How much does MoneyGram charge to send $100? ›

The fee for a transfer with MoneyGram varies depending on the amount you want to transfer. MoneyGram charges a flat $5 fee to send amounts between $1 to $49 and a flat rate of $11.50 on amounts between $50 and $499. The fee on amounts of $500 and above is 2%. There is also a maximum amount of $10,000 per transfer.

Can I use Cash App in El Salvador? ›

Cash App does not work internationally — you cannot make payments to someone in a different country.

Does MoneyGram work in El Salvador? ›

With just the click of a button, you can send money online, and whether you are sending money to cover household expenses, unexpected emergencies, or sending a gift, MoneyGram has you covered. Plus - you can send to any bank account in El Salvador to get the money where you want it, when they need it.

Does El Salvador make use of Cash App? ›

A Salvadoran living abroad can use Cash app, or Strike & Bitrefill bill pay, and pay the electric bill for a relative in El Salvador with Lightning Network, instantly and with sub-penny fees. This is huge, in a nation where remittances make up more than 20% of total GDP.

Is Western Union cheaper than bank transfer? ›

International money transfer services like Western Union can help you easily send money abroad, and the fees may be less compared to traditional banks. Plus, Western Union can be a more convenient option because there are additional methods to send money such as cash pick-up.

How do I avoid international transfer fees? ›

The easiest way to avoid a foreign transaction fee is to use a debit or credit card that waives foreign transaction fees while traveling abroad. Luckily, there are plenty of credit and debit card options that offer this perk for those crossing borders.

How can I send money without fees? ›

Google Pay lets you transfer money for free using a QR code, the recipient's name, phone number or email address. You can also cash out instantly from the in-app wallet to a debit card for a 1.5% fee.

Can I send money to El Salvador with Chase bank? ›

Send money anywhere in the world

Whether traveling domestically or internationally, you'll be covered.

How much can I send to El Salvador Western Union? ›

1,500 USD per transaction.

Does Western Union work in El Salvador? ›

You can send cash from over 500,000+ Western Union® agent locations1 worldwide and more than 572 agent locations1 in El Salvador.

How much cash can I take to El Salvador from USA? ›

You can enter and exit El Salvador with up to $10,000.00 USD. Please visit the Country Specific Information for El Salvador to review additional information on entry/exit requirements for U.S.

Is USD accepted in El Salvador? ›

US dollars are still in use all over the country and are easy to exchange before you travel. It is also easy to transfer money to family members still living in El Salvador, with dollars being the easiest currency to send.

Is Salvador a cheap country? ›

El Salvador is one of the cheapest countries in Central America, so you'll find it easy to save money here without much effort. Regardless, here are some ways to save money in El Salvador: Snack on fruit – Fruit in Central America costs just pennies.

What is a livable wage in El Salvador? ›

RelatedLastReference
Wages Low Skilled291.00Dec 2018
Wages High Skilled831.00Dec 2018
Living Wage Individual325.00Dec 2018
Living Wage Family515.00Dec 2018

What is El Salvador's minimum wage? ›

Industry group
Per DayPer month
Industry Minimum wage with effect from August 1, 2021 Minimum Wages - last checked - 8/3/21$12.00$365.00
Commerce and Services Minimum wage with effect from August 1, 2021 Minimum Wages - last checked - 8/3/21$12.00$365.00
7 more rows

How much is a Coke in El Salvador? ›

Cost of Living in El Salvador
RestaurantsEdit
Domestic Beer (1 pint draught)1.50$
Imported Beer (12 oz small bottle)3.00$
Cappuccino (regular)2.67$
Coke/Pepsi (12 oz small bottle)0.70$
62 more rows

What cash sending app works internationally? ›

Remitly helps you send money worldwide using your bank account, credit card, or debit card. More money makes it home to friends and family thanks to Remitly's great rates, special offers, and no hidden fees.

How much money can I wire to El Salvador? ›

How much can I send to bank accounts in El Salvador? A maximum of USD 1,500 per transfer. There may be lower limits depending on the country where you are sending from and the payment method used to fund the transfer.

Is Western Union cheaper than MoneyGram? ›

Western Union tends to provide cheaper fees while MoneyGram generally provides better exchange rates.

Is MoneyGram cheaper online or in person? ›

Still, fees at agent locations can also vary depending on which location you choose. If you are sending money for cash pick-up, the online service will generally be cheaper than sending money at an agent location, but only if you pay by bank transfer.

How much does it cost to send $100 through MoneyGram at Walmart? ›

One of the most important features of Walmart money transfer is the flat fee system. Fees start from $4.00 for up to $50 transfer amount and go up to $16 for transfer of $1001 to $2500. Walmart2World is powered by MoneyGram to facilitate international money transfers.

Is trust wallet used in El Salvador? ›

Trust Wallet is the best bitcoin wallet that you can get in El Salvador for both iOS and Android phones. Moreover, the leading mobile wallet is a multi-currency crypto wallet, which means that Trust Wallet users won't need to download additional wallets if they want to hold and use other cryptocurrencies.

Does El Salvador uses WhatsApp? ›

You have no right to use this feature.
...
Share of WhatsApp users in El Salvador in 2017 and 2018.
CharacteristicShare of respondents
201864%
2017*57%
12 May 2022

What bank can I use in El Salvador? ›

All major credit cards are accepted, and withdrawals against credit cards may be done at banks. Banks in El Salvador are owned by international banks such as citigroup, GE, Scotiabank, HSBC and others. If you plan to travel outside of San Salvador, don't count on traveler's checks being a recognized entity.

Does wise work in El Salvador? ›

Wise is easy.

Wise makes transferring money to El Salvador a breeze: Just tap in how much, and where to. Then make a local payment to Wise, whether it's with a bank transfer, swift or your debit or credit card. And that's it.

Can I send a money order to El Salvador? ›

International money orders can be purchased at any Post Office location in values up to $700 ($500 for El Salvador and Guyana). An international money order is printed out with only the dollar amount filled in, and all other fields are left blank.

How much does MoneyGram charge to send money internationally? ›

Comparing Fees Between MoneyGram, PayPal, and Xoom
Transfer Fees: MoneyGram, PayPal, Xoom
Transfer FeesPayPalXoom
Within the U.S. (debit/credit card → bank account)2.9% of the transaction + $0.30 flat fee$1.99
International ($100 from U.S. to Mexico)$5.00$2.99
1 more row

How do I send money to Banco Agricola El Salvador? ›

Send Money to Banco Agricola in El Salvador in 5 Easy Steps
  1. First, download the Remitly app and create an account.
  2. Tell us how much you want to send.
  3. Choose if you want to transfer it as a Bank Deposit or Cash Pick-Up.
  4. Enter your recipient's name, address, and bank account number.
  5. Add your payment information.

What cards are accepted in El Salvador? ›

Primary credit and charge cards used in El Salvador are, in priority order, VISA, MasterCard, and American Express.

Does Salvador use Coinbase? ›

Sign up with Coinbase and manage your crypto easily and securely. Now available in El Salvador and in 100+ countries around the world.

How can I avoid Western Union fees? ›

You can avoid these fees by using a debit card. * Western Union also makes money from currency exchange. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. Fees, foreign exchange rates, and taxes may vary by brand, channel, and location based on a number of factors.

Is it cheaper to send money through Walmart or Western Union? ›

Given its clear pricing structure, you'll definitely save with Walmart2Walmart. But you're limited to in-person store-to-store transfers of $2,500 or less. With Western Union, you'll pay more — though how much more depends on many factors, but you can send money online and worldwide.

Which is cheaper Western Union or Xoom? ›

Is Xoom cheaper than Western Union? Xoom fees vary on the size of the transfer and the destination country. However, they generally provide better value than Western Union. Also, the markup percentage of Xoom is 1-3%, while Western Union is more expensive at 3-6%.

Which bank has no foreign transaction fee? ›

Start your next trip off right by applying for a Bank of America® credit card with no foreign transaction fees. You can only compare up to 4 cards.

Which bank does not charge wire transfer fees? ›

Fidelity - While traditionally known for its investment arm, Fidelity offers a cash management account with zero wire fees. Capital One 360 - Another online bank with generally low fees, they offer fee-free incoming wire transfers.

What is the easiest and cheapest way to send money? ›

PayPal and Venmo

PayPal can be an economical method for transferring money. It allows individuals and businesses to transfer funds electronically from one PayPal account to another. It's free to send money through PayPal, though the recipient is charged a fee to cash the payment.

What is the cheapest way of transferring money? ›

Bank Transfer

Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money. Read more how to use bank transfers as a payment option.

What money sending app has the lowest fee? ›

Venmo
  • Cost. No charge for sending money from a linked bank account, debit card or your Venmo account; a 3% fee for sending money using a linked credit card.
  • Transfer speed. ...
  • Standout features. ...
  • Links to accounts. ...
  • Availability. ...
  • Security features.

How can I send money to another country without a fee? ›

OFX. OFX offers the cheapest way to send money internationally. They don't charge transfer fees on any amount, but there are exchange rate markups to watch out for. You must transfer at least $1,000, but they don't have a maximum amount you may transfer.

How much does it cost to send something to El Salvador? ›

Country Conditions for Mailing — El Salvador
Weight not over (lbs.)Price
0.5$60.95
176.00
294.50
3113.00
21 more rows

Can I use cash App in El Salvador? ›

Cash App does not work internationally — you cannot make payments to someone in a different country.

Does El Salvador make use of Cashapp? ›

A Salvadoran living abroad can use Cash app, or Strike & Bitrefill bill pay, and pay the electric bill for a relative in El Salvador with Lightning Network, instantly and with sub-penny fees. This is huge, in a nation where remittances make up more than 20% of total GDP.

What is cheapest way to send money? ›

A transfer paid by bank account directly tends to be a much cheaper (and much slower) transfer. If you need money delivered quickly, use a debit card, which will also incur a lower fee than using a credit card.

Can Zelle send money internationally? ›

No, Zelle® can only be used to send funds to someone who has a bank account in the United States. However, you can visit a local U.S. Bank branch to send money via wire transfer to an international recipient.

Which is cheaper USPS or DHL? ›

Generally speaking, however, USPS typically offers more affordable domestic shipping rates when compared to DHL.
...
Is DHL Cheaper than USPS?
Courier ServiceDelivery TimeCost
DHL eCommerce Parcel Direct9-11 business days$46.34
USPS Priority Mail Express International5-12 business days$89.48
1 more row
13 Jun 2019

Does Federal Express deliver to El Salvador? ›

FedEx | Express Delivery, Courier & Shipping Services | El Salvador.

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