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5 Best Cheapest Ways to Send Money to El Salvador from the USA

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Best Ways to Send Money from USA to El Salvador

The process of sending remittances abroad does not have to be prohibitively expensive, nor need it be overly hard or time-consuming. If you need to transfer money to your family and friends in El Salvador, you can choose one of the 5 Best Ways to Send Money From the USA to El Salvador that we will discuss in this guide. Here, you can learn about the requirements, costs, delivery times, and user reviews.

 

5 Best Ways to Send Money to El Salvador from the USA

We have compiled a a list of 5 Best Ways to Transfer Money to El Salvador from the USA considering mainly the following factors:

  • Exchange rates and commissions for making shipments.
  • Time it takes for the money to reach the recipients.
  • Available payment methods and withdrawal options.
  • Track shipments from the website or mobile application.

 

  1. MoneyGram

The first choice is MoneyGram, which allows you to send international funds directly to the mobile wallet or bank account of the recipient. Obviously, it also allows the sender to withdraw the funds in cash at an authorized delivery location.

What are the requirements to send money to El Salvador?

You’ll need to make sure you meet the following requirements if you want to use MoneyGram to send money to El Salvador:

  • Create a new profile to log in to MoneyGram, you will only need to provide your email and cell phone number.
  • Provide the general information of your recipient and choose the way you prefer to receive the money.
  • Choose your payment method, it can be directly from your bank account or by card.

 

How much does it cost to ship?

The commission you must pay can vary based on the amount you send, the mode of payment, and the manner of receipt. Here are several examples:

Shipping amount Payment method Receive method Commission
$500.00 USD Debit Bank account $1.99USD
$500.00 USD Credit card Cash withdrawal $22.49 USD
$1,000.00 USD Bank account Bank account $0.00 USD
$1,000.00 USD Debit Cash withdrawal $11.99 USD
$5,000.00 USD Credit card Bank account $127.99 USD
$5,000.00 USD Bank account Cash withdrawal $4.99USD

 

How long does it take for the money to arrive?

Delivery time also depends on the receiving method you select:

  • Bank account: If you choose to send the shipment directly to the beneficiary’s bank account and pay the transaction with a card, the money will be reflected immediately. If you pay from your bank account, the money could take up to 2 business days to be reflected.
  • Cash withdrawal: If you select cash withdrawal as the reception method and pay by card, the money will be available in 2 business days. On the other hand, if you pay for the transaction charged to your bank account, the shipment could take up to 5 business days.

 

  1. Remitly

Remitly is featured on this list of the best money transfer services for sending money to El Salvador from the United States since it allows you to send money in minutes from your mobile phone and gives the lowest exchange rates and costs.

What are the requirements to send money?

To send money with Remitly you must meet the following requirements:

  • Create a Remitly account, it’s completely free and you only need your general information, your email and your cell phone number.
  • Select the bank or delivery store where your beneficiary can receive the money.
  • Provide everything necessary to make the shipment, that is, the amount of the shipment and recipient information such as full name and bank details.
  • Choose the method you prefer to make the payment of the transaction.
  • Track the shipment from the website or mobile app. You and your recipient will receive an email and an SMS message when the shipment is made and when the money has been delivered.

 

How much does it cost to ship?

You can choose between any of the two rates that Remitly offers to send money to El Salvador:

  • Express: In this way the shipment will reach your recipient faster, however, the only payment methods available are debit or credit card.
  • Economic: This option will allow you to access the best rates in the market, but you will have to make the payment through a charge to your bank account.
Shipping amount Express Rate Economic Rate
$0.00 to $99.99 USD $4.99USD $2.99 ​​USD
$100.00 to $199.99 USD $5.99USD $3.99USD
$200.00 to $299.99 USD $6.99USD $4.99USD
$300.00 to $399.99USD $7.99USD $5.99USD
$400.00 to $499.99 USD $8.99USD $6.99USD
$500.00 to $999.99 USD $10.99 USD $7.99USD
$1,000.00 to $1,999.99 USD $14.99 USD $11.99 USD
$2,000.00 to $2,999.99 USD $19.99 USD $16.99 USD
$3,000.00 to $3,999.99 USD $24.99 USD $21.99 USD
$4,000.00 to $4,999.99 USD $29.99 USD $26.99 USD
$5,000.00 to $5,999.99 USD $34.99 USD $31.99 USD
$6,000.00 to $6,999.99 USD $39.99 USD $36.99 USD
$7,000.00 to $7,999.99 USD $44.99 USD $41.99 USD
$8,000.00 to $8,999.99 USD $49.99 USD $46.99 USD
$9,000.00 USD or more $54.99 USD $51.99 USD

 

How long does it take for the money to arrive?

After you have completed the transfer, the receiver will get the funds within minutes. Remember to download the free Remitly mobile application from Google Play or the App Store on your mobile device so you can track all of your shipments.

 

  1. Western Union

Western Union, which has become one of the most reputable international transfer services, is the next company on this list of the top agencies for sending money to El Salvador from the United States.

Some of the benefits of sending money through Western Union are:

  • Make shipments through an agent or through the mobile application.
  • Send money to more than 500,000 delivery points around the world.
  • Pay your transfers with cash or charged to your credit or debit card.

 

What are the requirements to send money?

Verify that you meet the following requirements so that you can send money to El Salvador with Western Union:

  • Download the mobile app or register with your data on the website.
  • Indicate where you want the money to be sent.
  • Provide the details of your beneficiary so that you can collect the money.
  • Make the payment of your transfer by card or charge to your bank account.

 

How much does it cost to ship?

Below we share the Western Union shipping rates:

Shipping amount Commission
$1.00 to $3,000.00 USD $3.00 USD
$3,001.00 to $4,500.00 USD $4.00 USD
$4,501.00 to $6,000.00 USD $5.00USD
$6,001.00 to $7,500.00 USD $7.00 USD
$7,501.00 to $10,000.00 USD $10.00 USD

 

How long does it take for the money to arrive?

The money will be available for your recipient to receive immediately after you have completed the sending process.

 

  1. Xoom

Xoom, PayPal’s international transfer service, is another option for swiftly and securely sending money to El Salvador from the United States.

What are the requirements to send money?

These are the requirements that you must meet to send from this platform:

  • Sign in with your PayPal account on the official Xoom website. You can also create a new Xoom account with your full name and email address.
  • Complete a simple form with your shipment information:
    • Total amount you want to send.
    • Recipient’s full name.
    • In the destination of the transfer, select El Salvador.
    • Method selected to get the money to the recipient.
    • Selected method to pay for shipping.

Note: The available shipping methods are bank deposit and pick up at the window; the available payment methods are PayPal, bank account and debit or credit card. 

 

How much does it cost to ship?

To send money to El Salvador from the United States, you will mostly be charged a fee based on the transfer amount and the selected payment and sending methods. You can use the following rates as a reference:

Shipping amount PayPal balance or bank deposit Debit or credit card
$500.00 USD $4.99USD $15.99 USD
$1,000.00 USD $4.99USD $21.99 USD
$1,500.00 USD $4.99USD $28.00 USD
$2,000.00 USD $4.99USD $34.99 USD
$2,500.00 USD $4.99USD $41.99 USD

 

How long does it take for the money to arrive?

Depending on the form of payment you choose, the shipping time may vary. If you choose PayPal to make the payment, the funds will be available within two business days; if you use a debit or credit card, the funds will be reflected immediately.

 

  1. Sendvalu

Sendvalu is the final company in our list of the best money transfer services to El Salvador from the United States. The reason it is included in this list are following:

  • Money transfers are very fast, within 1 hour the recipient can receive the money.
  • They have a money-back guarantee in case you are not satisfied with the service.
  • Your beneficiaries will have different options to receive the money: Cash withdrawal, bank transfer, mobile money, debit card and home delivery.

 

What are the requirements to send money?

To send money through Sendvalu you must meet the following requirements:

  • Sign up to create your Sendvalu account, it will take only two minutes.
  • Enter the details of the transfer you want to make:
    • General data of the beneficiary.
    • Destination country.
    • Transaction amount.
    • Selected payment method.

 

How much does it cost to ship?

Sendvalu rates may vary based on the type of money transfer, the amount of the transfer, the destination country, and the payment and delivery methods chosen. Here are several examples:

Shipping amount Commission
$50.00 USD $2.83USD
$100.00 USD $3.63USD
$500.00 USD $10.03USD
$1,000.00 USD $18.03 USD
$2,500.00 USD $42.03 USD

Note: Take into account that the maximum amount of sending is $2,639.00 dollars. 

 

How long does it take for the money to arrive?

The delivery time will depend on the selected shipping method, however, in any case (if you make the shipment on a business day) your beneficiary will be able to receive the money in 1 hour.

 


Final Thoughts

This information on the five top Services for Sending Money to El Salvador from the United States in 2022 should be of great assistance to you.

 

Read More: 10 Best International Money Transfer Apps

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