How to send money to El Salvador
Discover how to transfer money to El Salvador at the best rate in a few easy steps
1. Make sure the United States dollar mid-market rate is in your favor
Although the currency market is uncertain, it is a good idea to stay on top of it to optimize how many you will get for your money. Track the evolution of the United States dollar exchange rate and transfer your money when the rate is at its highest level of the past days.
2. Compare the more than thirty services available to send money to El Salvador and select the best provider.
Monito compares many different companies offering money transfer services to El Salvador, such as TransferWise, Western Union, MoneyGram, Currencies Direct, CurrencyFair. You can save a lot of money by comparing all these options and go with the most competitive one for your money transfer.
3. Pick the best service that suits your needs
Do you need to send money to El Salvador with the most competitive provider, with the fastest provider or with the solution with the best customer reviews?
In addition, you may want to have a look at the pay-in/out methods. Providers often give you the choice to pay your transfer by bank transfer or by cards (credit or debit). At the other end, in El Salvador, choose if you need the money to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and start your transfer with the company you selected
It is now time to sign up on the provider's website (you normally have to give some documents to confirm your identity), and provide the details of your transfer.