How to send money to Peru
Discover how to make a money transfer to Peru with the best providers in a few easy steps
1. Check if the Peruvian Sol mid-market rate is interesting
Even though the evolution of the exchange rate is unpredictable, it is a good idea to keep an eye on it in order to optimize how many the recipient will get. We recommend our users to use our smart exchange rate alerts to keep track the PEN mid-market rate against your currency.
2. Compare the 11 services sending money to Peru to find the best option.
Our comparison engine lists quite a few money transfer companies offering money transfer services to Peru, such as TransferWise, Western Union, MoneyGram, OFX, InstaReM. Going with the most competitive company from the list is the best way to save money.
3. Choose the best money transfer company that suits your needs
Do you need to make a transfer to Peru with the cheapest option, as fast as possible or with the provider with the best ratings?
It is also important to take into account the pay-in and pay-out options. Credit cards, debit cards or a bank transfer are the most often available payment options to send money to Peru online. At the other end, in Peru, select the right option, whether you need the amount in PEN to be deposited on a local bank account or available for pick-up in cash at an agent location.
4. Sign up and get started wih your transfer with the money transfer provider of your choice
Go to the money transfer provider's homepage to complete the sign-up process - be ready to provide a copy of your ID and/or a proof of adress - and provide the details of your transfer.