Compare the best ways to send money to Argentina

Pay attention to ARS exchange rates, as it determines how much ARS your recipient will receive.

For instance, today’s average USD to ARS rate is 1,454.0001 but the highest rate over the past 7 days was 1,456.4688 ARS/USD.

Your aim is to transfer when ARS reaches a higher value so waiting a few days could result in a better rate, hence more ARS received.

For urgent Argentine Peso transfers, we recommend Remitly. It consistently provides the best ARS rates.

How you fund your transfer affects the cost, speed, and the amount of Argentine Peso the recipient will receive.

The cheapest way to fund your transfer to Argentina is with a bank transfer via Paysend, which is 0.34% cheaper than the next cheapest service.

Based on our analysis of a $7,000 transfer from to Argentina, here are the top options:

• Xoom (bank transfer): Costs $0 + 2.3% markup on top of the ARS mid-market rate.

• Paysend (debit card): Costs $0 + 1.99% markup.

credit card is the most expensive deposit method for Argentine Peso transfers, so we recommend avoiding it to maximize the amount of ARS received.

Credit card transfers may result in cash advance fees and higher interest rates when sending money to Argentina.

Avoid sending ARS over the SWIFT network, as it's slower and more expensive. Instead, consider cheaper options like ACH or account balance for ARS transfers.

Money transfer companies often have minimum and maximum limits on how much ARS you can transfer.

The amount of ARS you send can impact the fees and exchange rate. Some services such as Wise may offer a better exchange rate for large ARS transfers.

There may also be government-imposed restrictions, commercial limitations, and other factors that may affect how much ARS you can send.

To ensure your money transfer to Argentina goes smoothly, especially if moving large amounts of Argentine Peso, use our comparison tool to find the service that best fits your needs.

The speed of sending Argentine Peso to Argentina depends on factors like the amount of ARS sent, the chosen deposit and withdrawal methods, and when you send ARS.

As a rule of thumb, faster transfers come with higher fees.

Let’s imagine you want to transfer $7,000 to Argentina, here are your options:

• For the fastest transfers, use Wise - Out of 8 companies serving Argentina.

• For bank and card deposits, use Wise - Wise provides fast and affordable ARS transfers, with fees around $123.39 for bank account deposits and $0 for debit/prepaid card deposits, with a small 0% markup on the ‘real’ ARS exchange rate.

• For credit card transfers, beware of potential cash advance fees and higher interest rates from your credit card company.

• For urgent transfers, use cash transfer services - If you need Argentine Peso to be delivered urgently, services like Western Union, MoneyGram, or Ria Money will have it ready within minutes for collection in Argentina.

Avoid using the SWIFT network for ARS transfers, as intermediary banks slow the process. Instead, opt for faster and more cost-effective alternatives discussed above.

For ARS transfers, you have the following options:

1. Money transfer company - You can transfer money online using an FX broker (managed service) or a self-managed online company like Wise. Based on our analysis, Wise ranked as the top provider for sending money to Argentina, appearing in 1 comparisons involving ARS.

2. Mobile apps and digital wallets - Many services available in Argentina offer mobile apps, often giving transfer offers on ARS rates.

3. Cash transfers - You can send cash to Argentina through services like Ria Money, MoneyGram, or Western Union. Cash transfers are typically instant, but the recipient must visit a local agent in Argentina to collect the Argentine Peso.

4. Wire transfers - While you can wire money to Argentina through your bank, we suggest against it. Banks can charge up to $60 per transfer to Argentina and add 5% - 6% to the ARS exchange rate. Instead, use bank transfer to deposit money to Wise and send ARS from there.

There are several ways to receive money in Argentina, and choosing the right one will help the recipient get the most ARS. Mainly, these are:

• Deposit to bank account - For direct bank deposits in Argentina, we recommend Xoom. ARS will arrive directly to the recipient's bank account in Argentina.

• Deposit to digital or mobile wallet - ARS can be sent directly to digital wallets like PayPal, though this option often has more limitations and higher costs compared to services like Paysend. Recipients in Argentina will need to transfer it to their account, which may incur more fees.

• Cash pickup or home delivery - If the recipient needs ARS urgently or doesn't have access to a bank account in Argentina, cash pickup or door-to-door delivery is a good alternative. Be sure to check if these services are available in Argentina. This will require the recipient to visit a nearby agent in Argentina.

When making large ARS transfers or sending Argentine Peso for cash pickup, the recipient may need the following:

• Government-Issued ID: This can be a non-expired and valid passport, driver’s license, or national ID of Argentina.

• Sender’s Details: Full name, address, and other personal information.

• Transfer Details: The amount being received in ARS.

• Transfer number: This is given at the time of transfer.

• SWIFT Code / IBAN: This may be required for bank transfers to Argentina from some countries.

*The exact documents may vary depending on the transfer method and service used.

For bank accounts, debit cards, or wallet deposits, the recipient typically doesn’t need to do anything. Argentine Peso will arrive without their involvement.

For larger transfers, companies may request additional documents like proof of funds and address verification in compliance with Anti-Money Laundering policies.

We recommend using Wise for transferring large amounts of Argentine Peso.

There may be tax implications and government-imposed limits on Argentine Peso transfers.

Some Argentine Peso transfers may be subject to gift tax, commercial tax, and other types of taxes.

Even if no immediate taxes or limits apply, larger ARS transfers may need to be reported to tax authorities in Argentina or your home country.

To be fully safe, we strongly recommend consulting with a tax professional in either Argentina or your home country to ensure compliance with relevant regulations and tax laws.