How to send money to Ecuador
Discover how to transfer money to Ecuador with the best providers in four easy steps
1. Check if the United States dollar mid-market rate is in your favor
Even though the evolution of the exchange rate is unpredictable, it is a good idea to follow it in order to optimize how many the receiver of the transfer will get. Frequently check the evolution of the United States dollar exchange rate and convert your money when you can get a good exchange rate.
2. Compare 30 services available for transfers to Ecuador to find the best one.
We list many services to make money transfers to Ecuador, such as TransferWise, Western Union, MoneyGram, Currencies Direct, OFX. Get the most of your transfer by comparing them all and go with the most competitive option for your upcoming money transfer.
3. Pick the best money transfer company for your personal needs
Decide if you’re looking for the money transfer company with the lowest fees and best exchange rates, the faster transfer time, most positive customer reviews, or a good compromise.
Another important aspect is to take into account the pay-in and pay-out methods. Most of the time you'll find money transfer companies offering to you the option to wire the money from your bank account, other providers will also allow you to pay with your cards. To receive the money in Ecuador, you can decide if your want the converted amount to be deposited on a local bank account or be available for cash pick-up.
4. Sign up and get started wih your transfer to Ecuador with the provider of your choice
Go to the provider's website to complete the sign-up process (you most of the time have to upload information to confirm your identity), and provide the details of your transfer.