How to send money to Bolivia
Discover how to make a money transfer to Bolivia with the lowest fees and best rates with these 4 steps
1. See if the Boliviano mid-market rate is favorable
Even though the currency market is fluctuating, it is a good idea to monitor it to maximize how much you will get for your money. Follow the exchange rate and make your transfer when the BOB rate gets to a specific level.
2. Compare 9 money transfer providers sending money to Bolivia in order to select the best one.
Our comparison engine lists 9 services able to send money to Bolivia, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Optimize your transfer by comparing all your options to find the best one for your money transfer.
3. Pick the best option with your own criteria
What do you value the most? Overall cost, speed of the transaction, number of customer ratings? Consider the pros and cons before deciding which provider to use.
In addition, it is important to have a look at the options to pay for the transfer and receive the money. You often have the possibility to transfer the money by wiring the money from your bank account or by cards (credit or debit). On the recipient's side in Bolivia, choose if you need the money to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and start your transfer to Bolivia with the money transfer provider you selected
Visit the money transfer provider's website to register - be aware you will often need to provide a copy of your ID and/or a proof of adress - and configure your transfer to Bolivia.