Find the Best Rated Providers to Send Money to Puerto Rico

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Find the Best Rated Providers to Send Money to Puerto Rico

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Our real-time comparison engine finds the cheapest providers for your transfer to Puerto Rico, you save on fees and exchange rates. That way, more money arrives.

How to send money to Puerto Rico

Find out how to send money to Puerto Rico with the best rate with these 4 steps

1. See if the USD exchange rate is in your favor

Making your transfer on a favorable day means more money arrives. Keep an eye on the US dollar rate and validate your transfer when the rate to convert your money into US dollars is favorable.

2. Select the optimal deal by comparing the available companies.

Monito's comparison engine lists a lot of companies to make money transfers to Puerto Rico, such as CurrencyFair, Remessa Online, Small World, OrbitRemit, XE Money Transfer. You will save big by comparing all these options and go with the best option for your upcoming money transfer.

3. Select the best money transfer company for your needs

Decide if you're looking for the service with the best rates and lowest fees, the quickiest transfer options, best reviews, or the best compromise.

4. Sign up and start your money transfer to Puerto Rico with the money transfer provider you selected

Visit the provider's website to sign up (you usually have to give documents to prove your identity), and provide the details of your transfer.

Best money transfer providers to send money to Puerto Rico

8.6

8.4

8.1

8.0

7.8

7.7

7.5

7.1

6.6

Almost two-thirds of Puerto Ricans are living in the mainland USA, from which they regularly send money back to their families and friends who stayed in Puerto Rico.

The fact that Puerto Rico is an unincorporated US territory and uses the US Dollar (USD) makes these transfers relatively easy and cheap. As there is no currency conversion, no need to worry about losing money with poor exchange rates and traditional money transfer operators such as Western Union or Moneygram are generally offering competitive fees.

On the other hand, if you need to send money to Puerto Rico from outside the United States (from Canada or from Europe for example) comparing your options may help you save a lot of money on your transfers.

Most of the providers offering transfers to the United States will be able to send money to Puerto Rico. The cheapest option for your transfers will usually be using an intermediary such as CurrencyFair or Wise from your bank in the country from which you’re sending money and the bank account of the recipient in Puerto Rico. Using our real-time comparison engine above, you’ll be able to find the best providers for the exact transfer you need to do.

Compare all available providers before your next transfer to Puerto Rico

25M+ comparisons made

Powering around 7 million comparisons a year, Monito is a world leader in comparing international money transfer services
$75M+ in transfer fees saved

By choosing a transfer service found on Monito, the average user pays just 0.59% in fees and exchange rates. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved over $75 million in total to date!
200 services reviewed

For every service appearing on Monito, our experts build in-depth reviews using dozens of verifiable criteria to make clear, actionable recommendations to guide your decisions.
2,000+ guides published

Far too often, sending money abroad is both pricey and problematic. That's exactly why our team of experts works tirelessly to offer the most in-depth, up-to-date, and helpful consumer advice for your disposal.

Questions you may have about your transfers to Puerto Rico

Can I trust a company I found on Monito but have never heard about before?

We review money transfer companies and give them a Monito Score, including a Credibility and Security component. You can find if a money transfer company is reputable and trustworthy in our comparison results or on a company's review page. A general rule is that we only list money transfer operators or banks that are fully authorized and monitored by the regulatory authorities of their operating countries.
How can I use Monito to find the best ways to send money to Puerto Rico?

Before you make a money transfer to Puerto Rico, compare the costs of the different options on Monito. Rates and fees change often, so for the best deal, do a comparison before every transfer — they may have changed since you last sent money. Once you enter the details about how much you want to send and from which country, click on compare. You’ll see a list of all the options to send to Puerto Rico. The best option is at the top, but you may want to consider other criteria such as the speed of transaction or the pay-in or payout methods.
I simply use my bank to send money to Puerto Rico, do I really need to compare other options?

Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (sometimes even zero), but banks often apply inflated exchange rates. We list as many banks as possible in our results, so you can compare and find out if you’d be better off switching to another bank or a specialized money transfer company.
Is it possible to send money with Monito, or are you just a service to compare money transfer services?

Monito is not a money transfer company. We’re here to help you find the best way to send money abroad. Just tell us which country you’re sending money from and which country you want to send money to, and we’ll show you a list of all available services. Once you select the best one for your needs, you'll be redirected to the money transfer provider’s website to get started with your transfer.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

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