Sending Money To Bolivia: A Quick Guide

There are several ways to send money to Bolivia, each with its own pros and cons. The best option for you will depend on your specific requirements and preferences. Some common methods include wire transfers, specialist money transfer services, e-wallets, and physical money remittance stores. It's important to compare the fees, exchange rates, transfer speeds, safety, and convenience of each service before making a decision.

Using a bank account, debit or credit card

If you're looking to send money to Bolivia using a bank account, debit or credit card, there are several options available to you.

Western Union

Western Union allows you to send money to Bolivia online or in person. You can pay using your bank account, debit card, credit card, or cash. With Western Union, your transfer can reach your recipient in minutes. You can also track your money transfer with a unique tracking number.

Remitly

Remitly is a money transfer service that offers international money transfers from the United States to 147 countries, including Bolivia. You can pay using a bank transfer, card (debit or credit), prepaid card, or online. Remitly is typically faster than using a bank, with transfers to Bolivia taking 0-2 days.

XE

XE is another international money transfer service that allows you to send money online and through an app to over 60 countries, including Bolivia. You can pay using a bank transfer or card. Transfer times vary based on your payment method and the country you're sending to. XE exchange rates tend to include a small markup.

Global66

Global66 is an online provider for transferring money to Bolivia. They were found to be the cheapest provider in 17.9% of searches on Monito.com over the past three months.

Revolut

Revolut is another online money transfer service that was found to be the cheapest provider in 17.6% of searches on Monito.com over the past three months.

Paysend

Paysend is an online money transfer service that was found to be the cheapest provider in 16.1% of searches on Monito.com over the past three months.

Online money transfer services

Remitly

Remitly is a well-known and trusted online money transfer service that offers great rates and no hidden fees. With Remitly, you can track your transfer every step of the way, and they guarantee that your money will be delivered on time. They also offer a special rate and no fees on your first transfer as a new customer. Remitly has been rated as the best-rated money transfer service to Bolivia by Monito, with a score of 9.3/10.

XE Money Transfer

XE Money Transfer is another excellent option for sending money to Bolivia. They consistently offer competitive rates and have been rated as the cheapest provider by Monito for transfers to bank accounts in Bolivia. XE Money Transfer is also one of the fastest options, with an average transfer time of just minutes.

Western Union

Western Union is a popular and reliable option for sending money online to Bolivia. They have the biggest agent location network, making them a convenient choice. While their online service offers competitive rates, sending money from physical agent locations can be much more expensive. Western Union also offers a mobile app that has been rated as one of the best by Monito.

Xoom, a PayPal Service

Xoom is a PayPal service that allows you to send money to Bolivia quickly and securely. With Xoom, you can choose between cash pickup, which is typically available in minutes, or bank deposit, which usually arrives within one business day. Xoom also offers a money-back guarantee, ensuring that your money will be received or your payment will be refunded in full.

When choosing an online money transfer service, be sure to compare the fees, exchange rates, transfer speeds, and security features to find the option that best suits your needs.

Cash pickup

If you're looking for a quick and convenient way to get money to your recipient in Bolivia, cash pickup could be the ideal option. This method allows your recipient to collect the cash you've sent in person from a designated location, often in as little as a few minutes.

There are several companies that offer this service, including Sharemoney, WorldRemit, Xoom, and Remitly. Each company has its own process, but here's a general overview of how cash pickup works:

• Sign up: Create an account with your chosen provider. This usually involves providing your personal details, such as name, email, and sometimes additional verification.
• Select the country and amount: Specify that you want to send money to Bolivia and enter the amount you wish to transfer.
• Choose the cash pickup option: Some providers will have specific partnerships with cash pickup locations in Bolivia, so you may be able to select a convenient location for your recipient.
• Provide recipient details: You'll need to provide the name, address, and contact information of your recipient.
• Pay for the transfer: You can typically pay using a bank account, debit card, or credit card.
• Track the transfer: Many services offer the ability to track your transfer, so you and your recipient can stay informed about the status of the funds.

It's important to note that while cash pickup can be a fast and efficient method, it may also be one of the more expensive options due to the prioritised service. Fees and exchange rates can vary between providers, so it's always a good idea to compare different services to find the most suitable option for your needs.

Bank deposit

If you want to send money to Bolivia via bank deposit, there are several options available.

Xoom

Xoom is a PayPal service that allows you to send money to Bolivia via bank deposit. You can log in with your PayPal credentials or create a Xoom account with your name and email address. After entering the amount you want to send, you will need to provide the recipient's account information on their secure page. You can pay with PayPal, a bank account, credit card, or debit card. The money will typically arrive in the recipient's bank account in one business day.

Remitly

Remitly is another popular option for sending money to Bolivia. To use Remitly, you will need to create an account with your email address, choose the delivery method (in this case, bank deposit), enter the recipient's information, and select a payment method. Remitly offers great rates and no hidden fees, and you can track your transfer every step of the way.

Ria Money Transfer

Ria Money Transfer offers both cash pickup and bank deposit options for sending money to Bolivia. With their mobile app, you can easily track your transfers, check rates, and find the closest Ria locations. They also offer exclusive rates and waive fees on your first transfer.

Global66

Global66 is often the cheapest provider for sending money to Bolivia, although it may not be available in all countries. You can use their website to check rates and send money directly to your recipient's bank account.

XE Money Transfer

XE Money Transfer is another recommended service for sending money to Bolivia. They offer competitive rates and are often the fastest option for transferring funds.

Money transfer apps

Remitly

Remitly is a highly-rated money transfer app, often regarded as one of the fastest and most reliable options. It offers a special rate and no fees on your first transfer. You can track your transfers every step of the way, and it guarantees delivery on time or refunds your fees. Remitly also provides consistently great rates with no hidden fees, and you can see all fees before sending. It offers cash pickup and bank deposit options in Bolivia, partnering with various banks and cooperatives in the country.

Xoom (PayPal Service)

Xoom is a PayPal service that allows you to send money to Bolivia quickly and easily. You can log in with your PayPal credentials or create a Xoom account. It offers both cash pickup and bank deposit options, with money typically available in minutes for cash pickup and within one business day for bank deposits. Xoom accepts various payment methods, including PayPal, bank accounts, credit cards, and debit cards. The Xoom app has additional features like biometric login and Slide-to-Send technology, making it convenient to send money and track transactions from your phone.

Ria Money Transfer

Ria Money Transfer has a mobile app that enables you to send, track, and manage your money transfers on the go. With a network of locations across Bolivia, you can choose between cash pickup or bank deposit for your recipient. The app has high ratings on iOS and Android and offers exclusive rates and fee waivers on your first transfer.

XE Money Transfer

XE Money Transfer is known for offering competitive exchange rates and low fees for transfers to Bolivia. You can use their app or online services to send money to over 60 countries, including Bolivia. While transfer times vary based on payment methods and destinations, XE is often regarded as one of the cheapest options for sending money internationally.

Frequently asked questions