Compare the best money transfer service from United Kingdom to Argentina

The exchange rate is the price you will pay when buying Argentine Peso in the United Kingdom. A better exchange rate means you send more Argentine Pesos to Argentina.

Currently, the mid-market rate between the Pound Sterling and Argentine Peso is 1,266.1174. The company offering the best price on buying Argentine Peso is Remitly.

Exchange rates between GBP-ARS change almost constantly.

Waiting a day or two can help you get more ARS for the same amount of Pound Sterlings, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the United Kingdom and Argentina for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a Bank transfer will most often be the way to get the best price when sending money from the United Kingdom to Argentina.

For a transfer by Bank transfer, Remitly is 7% cheaper than the next option.

United Kingdom and Argentina have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between United Kingdom and Argentina.

Money transfer companies offering services between the United Kingdom and Argentina have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Pound Sterling could change. We always recommend comparing GBP-ARS rates for your specific transfer amount. Then, with transfers to Argentina, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of GBP to Argentina, we’d recommend Xe.

There are different options for receiving Argentine Peso in Argentina. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from the United Kingdom to Argentina will offer every method for incoming Argentine Peso, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from the United Kingdom into Argentina. For most part, this is because it means the recipient has to do very little. Revolut is the best company for bank transfers between United Kingdom and Argentina.

And if you need cash right away, check if cash pickup is an option for transfers between the United Kingdom and Argentina.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Remitly.

You will need to verify your ID at the sign up stage when sending from the United Kingdom to Argentina through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in the United Kingdom through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Argentina, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Argentina, it’s always best to check ahead just in case.

Larger transactions between the United Kingdom and Argentina are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Xe scored so highly for large and regular transfers to Argentina, was their easy sign up process in the United Kingdom.

When sending money between the United Kingdom and Argentina there will be tax declarations to consider.

Some transfers into Argentine Peso may need to be reported to tax authorities in Argentina. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Argentina based on age, income and personal circumstance. When in doubt, please contact a tax professional in the United Kingdom or Argentina to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.