How to send money to Bolivia
Find out how to make a money transfer to Bolivia at the lowest cost in 4 easy steps
1. See if the BOB mid-market rate is favorable
Transfering money on a favorable day gives your more BOB for your money. Track the exchange rate and convert your money when the BOB rate gets to a specific level.
2. Go with the best option by comparing the available companies.
There are quite a few providers offering money transfer services to Bolivia, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. You will save big by comparing all your options and select the best one for your transfer.
3. Pick the best service for your personal needs
Which criteria is the most important for you? Exchange rate and fees, speed of transfer, number of customer ratings? Examine the advantages and disadvantages before selecting the provider.
In addition, you may want to pay attention to the options to pay for the transfer and receive the money. You may have the choice to pay by bank wire or by credit or debit cards. At the other end, in Bolivia, you can decide if your want the converted amount to be transferred to your recipient's account or be available for cash pick-up.
4. Sign up and get started wih your transfer to Bolivia with the service you selected
It is now time to register on the money transfer provider's online portal (you usually have to upload information to confirm your identity), and configure your transfer to Bolivia.