You can always compare rates and fees based on your transfer amount and payment options when sending money.
Ways to send money from United States to Nicaragua
The best rated provider for transfers from United States to Nicaragua | |
Total number of USD - NIO providers | 7 |
Average cheapest provider for transfers to Nicaragua from United States | |
Best for bank transfers from United States to Nicaragua | |
Best for debit card transfers from United States to Nicaragua | |
Best for credit card transfers from United States to Nicaragua |
The best way to send money from United States to Nicaragua
WorldRemit is the best way to send money to Nicaragua from United States. This is based on cost, speed, and how easy it is to use.
We analyzed 7 providers that allow USD to NIO transfers. WorldRemit emerged as the best option in 68.9% of searches.
How to send money from United States to Nicaragua
Follow these steps to send money between United States and Nicaragua
Choose your provider. Register with the provider of your choice by clicking on the link above.
Enter your details. Enter your details and provide any of the documents needed.
Start your transfer. Tell your provider that you'd like to send money from United States to Nicaragua, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.
Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from United States to Nicaragua once it's been sent. Make sure all the details are correct before you submit.
Send the money. When you've checked the details, you can make the transfer.
The cheapest way to send money from United States to Nicaragua
The cheapest way to send money from United States to Nicaragua is Western Union. On average, transfers from United States to Nicaragua with Western Union cost $0, making them 1.1 cheaper than their nearest competitor.
Western Union has been the cheapest way to send money from United States to Nicaragua for the last three months, on average.
Just to make you aware, bankTransfer was the cheapest payment method.
The current mid-market rate between USD and NIO is 36.895804. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.
Note: The cheapest way to send money isn't always the fastest
Western Union is the cheapest way to send money from United States to Nicaragua, but make sure the timeframes work for you.
How the cost of sending money to Nicaragua from United States is calculated
The cost of sending money from United States to United States depends on several things, including:
The mid-market rate
The current mid-market rate between USD and NIO is 36.895804. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last three months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Nicaragua and Nicaragua. This is why Instarem is listed as our cheapest option - they offer the best combination of US Dollar to Cordob Oro rates (2.7) and fees (0).
Bank transfers from United States to Nicaragua
Bank transfers are the most common way of sending USD to Nicaragua as they are secure, reliable, and convenient.
If you want to send US Dollars to Nicaragua via bank transfer, Wise has been the top rated provider in our comparison system for the last three months, recommended 57.1% of the time.
That’s because companies like Wise bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for US Dollars into Nicaragua have averaged at 0 for the last three months. This is significantly lower than the fees charged by banks.
Credit card payments from United States to Nicaragua
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send US Dollars to Nicaragua with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 75.6% of the time.
Note: Beware of charges
Credit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Debit card payments from United States to Nicaragua
Debit card payments let you send money from the United States to Nicaragua with the similar convenience of a credit card, and there are usually no tax advance fees. That said, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.
If you want to send US Dollars to Nicaragua with a debit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 76.2% of the time.
Finding the best exchange rate for USD to NIO
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many NIOs you can get for your USDs. The average US Dollar to Cordob Oro mid-market rate over the last month was 36.7759, with a low of 36.6852 and a high of 36.8124.
For comparison, the best exchange rate for USD to NIO right now is through Wise, at a difference of -0.02%.
How we find the best transfer deals from United States to Nicaragua
We’ve compared the cost, speed, and product offering of the top money transfer services (including WorldRemit) available between Nicaragua and United States. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending US Dollar to Nicaragua, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.
Remember: We will only ever recommend regulated financial institutions.