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4 to 6 days
We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
If the recipient of the transfer wants to receive Peruvian sols in her bank account in Peru, then Remitly currently offer the best deal you can get with zero transfer fees and a very competitive USD-PEN exchange rate (currently at 1 USD = 3.91 PEN).
In comparison, the total cost of your transfer would be 12.13 USD (around 4x more expensive) if you wanted to use XE Money Transfer to make the same transfer.
If you need the recipient to get Peruvian sols in cash in Peru, then the most competitive provider currently is Remitly, with zero transfer fees and a good USD-PEN exchange rate (their current exchange rate is 1 USD = 3.91 PEN).
This recommendation was updated a few minutes ago.
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The best way to send money from the US to Peru varies depending on lots of factors:
The most convenient way to find the best transfer abroad is to compare all your options on Monito. With Monito, you will find out all the fees, hidden conversion costs, and percentage fees that money transfer operators charge for your money transfers from the US to Peru.
You beneficiary in Peru can receive the money in plenty of ways, i.a.:
Using your bank might be an obvious choice for an international money transfer from the US to Peru. Although it might be a convenient option, the fees are among the highest, and exchange rates are among the poorest.
Our recommendation: always compare all your options before sending money from the US to Peru. Use Monito comparison engine to find the cheapest option for your next transfer to Peru. Enter a few details about your transfer, and you'll see exactly how much you can transfer, and how much you can save.
Use Monito and find a money transfer provider that offers an upfront cost with no hidden charges for your transfer from the United States to Peru.
The whole process of sending money with an online money provider is easy, and you can make it in just a few steps:
Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Peru.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.