Sending money to Ecuador is easy and simple. While there are fewer good options for sending money to Ecuador than there are for many other countries, there are still excellent options available to you. Speed, cost efficiency, and ease of use are not mutually exclusive when sending money to Ecuador.
Ecuador uses the American Dollar (USD) as the country’s official currency. The USD is the world’s most traded currency, with the Euro and Japanese Yen following respectively.
The USD is seen as the default global currency, so this actually makes sending money to Ecuador so much easier. If you are sending money to Ecuador in USD, you are saving at least 2% on every transaction, as money transfer services generally mark up these rates significantly. Using the USD offers you access to the best services and exchange rates.
The fastest way to send money to Ecuador is through the fast option offered by Ria Money Transfer. With Ria Money Transfer’s fast option, your money should reach its Ecuadorean destination in a matter of minutes. Their offer is quite well-rounded, too. You pay less for Ria Money Transfer’s fast option than you do for much of their pricier competition.
The cheapest way to send cash to Ecuador is through TransferWise. TransferWise charges a small upfront fee for sending money. The company is one of very, very few that don’t charge hidden currency conversion fees, which saves a lot of money at times. Because Ecuador uses the USD, if you are sending money from the USA you wouldn’t be paying any currency conversion fees at all.
TransferWise is also the easiest way to send money to Ecuador. With TransferWise, sending money just takes a few simple steps after your account is all set up. First, you need to tap in the amount of money you want to send. Second, you tap in the money’s destination. After that, all you need to do is pay TransferWise for the transaction and wait a day or two for your money to reach the destination.
TransferWise is the overall best way to send money to here. TransferWise simply offers the best balance between all of the factors we are looking into. When it comes to cost, TransferWise is very cheap, and their platform is intuitive and easy to use as well. Their waiting times aren’t the best, but they are very good given the price you’re paying, as most services are more expensive than TransferWise and also slower.