How to send money to Peru
Find out how to transfer money to Peru at the most competitive cost in 4 easy steps
1. See if the PEN mid-market rate is favorable
Sending money on the right day can help you save money. We recommend our users to set-up our smart exchange rate alerts to keep track the evolution of the PEN exchange rate.
2. Select the most interesting option by comparing the 11 available services.
Monito lists quite a few companies offering money transfer services to Peru, such as TransferWise, Western Union, MoneyGram, OFX, InstaReM. Going with the most competitive company from the more than 11 available options is the best way to save on fees and exchange rate.
3. Select the best provider for your transfer
Do you want to transfer money to Peru at the lowest overall cost, with the fastest option or with the top rated company?
Another important aspect is to take into account the pay-in and pay-out methods. Local bank transfer, debit and/or credit cards are the most often available pay-in methods to send money to Peru online. In Peru, you often have to decide if you want the amount in PEN to be sent directly to the recipient's bank account or received in cash (from an agent location).
4. Sign up and get started wih your transaction to Peru with the service you selected
Go to the provider's homepage to register (you usually have to upload information to confirm your identity), and provide the details of your transaction.