Find the best providers to send money to Bolivia
How to send money to Bolivia
Discover how to transfer money to Bolivia at the best BOB rate in four easy steps
1. Make sure the Boliviano exchange rate is at your advantage
Even though the evolution of the exchange rate is unforseeable, it is a good idea to keep an eye on it so that you can maximize how much you (or your recipient) receives after the currency exchange. Keep track of the mid-market exchange rate and convert your money when you can get a good exchange rate.
2. Go with the most interesting deal by comparing the available companies.
There are many companies able to send money to Bolivia, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Sending money with the most competitive service from the list is the best way to save on fees and exchange rate.
3. Choose the best service for your specific needs
Do you want to send money to Bolivia at the lowest cost, as fast as possible or with the provider with the best ratings?
It is also interesting to pay attention to the pay-in and pay-out options. You can often find money transfer services giving you the option to send the money from your bank account, other providers will also allow you to pay with your debit and credit cards. At the other end, in Bolivia, select the right option, whether you need the amount in BOB to be sent directly to the recipient's bank account or be available for cash pick-up.
4. Sign up and start your transfer with the provider of your choice
Go to the provider's homepage to complete the sign-up process (you normally have to give some ID documents to prove your identity), and provide the details of your money transfer to Bolivia.