The best way to send money from United States to Belize

The exchange rate determines the price you’ll pay for Belize Dollar when you send US Dollar to Belize.

The current exchange rate between the US Dollar and Belize Dollar is 2.0096. Revolut offers the best exchange.

The USD-BZD exchange rate is always moving.

It’s possible that waiting a day or two can help you get more BZD for the same amount of US Dollar. But, the best way to lock in a price between the United States and Belize is by using a forward contract.

A Bank transfer is our recommended option for money transfers between the United States and Belize. Revolut offers the best price on a Bank transfer.

A Bank transfer to Belize through Revolut is 1.7% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both United States and Belize to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between the United States and Belize.

Some services have minimum or maximum thresholds on how much you can transfer from the United States to Belize.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of USD to Belize. The combination of rates and fees when sending to Belize is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving the United States, or entering Belize. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Belize. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from the United States to Belize will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from the United States into Belize Dollar. Wise is the best company for bank transfers between United States and Belize.

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

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 Revolut.

When signing up to a money transfer company to send between the United States and Belize, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in the United States this will be a government ID like a passport or driver's license. In Belize it will be a similar set of documents, although this should only be needed if you are opening a new account in Belize, or collecting in cash.

Big transactions between the United States and Belize, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in the United States.

When sending large amounts of money between the United States and Belize there will be tax implications to consider.

Some transfers into Belize Dollar may need to be reported to tax authorities in Belize, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Belize based on age, income and a few other elements. When in doubt, please contact a tax professional in the United States or Belize to discuss your personal circumstances.