Find the Best Way to Transfer Money to Argentina

Transfer money overseas. Transfer money from Australia to Argentina

Transferring money to Argentina from Australia is hard. There are lots of companies who say they'll send your money, but once you drill down you find their options are limited. We inform you on how you can transfer money to Argentina in a simple, fast and safe way, using the best money transfer companies.

Key Take Outs

Compare cheaper ways to send money from Australia to Argentina

How to transfer money to Argentina from Australia in 3 easy steps

Using a money transfer service
How to send money to Argentina from Australia. Step 1

1

Sign up online It takes 5-10 minutes to type in your personal details, verify your identity with photo id and set your account with passwords. You don't have to be a regular customer.
How to send money to Brazil from Argentina. Step 2

2

Provide international money transfer details Tell them how many Argentine Peso you want delivered. Enter the bank information of the person you are sending money to. Send the funds requested.
How to send money to Brazil from Argentina. Step 3

3

Money is delivered Money is delivered to the Argentinian bank account and you are updated regularly via phone or email. They're very good at keeping you informed of where your money is.

Best ways to send money to Argentina

1. Using a money transfer company

A money transfer company specialises in foreign currency exchange. You can send money online from an Argentinian bank account to another bank account overseas. It's normally the cheapest and fastest way to transfer money.

We trust TransferWise for money transfers to Argentina:

 

transferwise logo

With TransferWise, you consistently receive the most competitive exchange rate (the mid-market rate) and you're told your total costs upfront.

Best ways to send money to Argentina
Best ways to send money to Argentina using a remittance company

2. Remittance company money transfer

Remittance companies specialise in sending small amounts overseas to friends and family overseas. They're able to transfer money overseas to bank accounts, provide cash pick up and transfers by mobile wallets.

They're usually more expensive than other online money transfer companies, but are often faster in emergencies.

While Western Union is the most well-known remittance company, there are some better alternatives:

 

Remitly logo

Remitly is best for speed. They can transfer money within minutes when you select the Express service and you pay by bank transfer.

 

With a $3.99 flat fee per transfer, WorldRemit has low transfer fees and is really handy if you want to do same-day money transfers to Brazil regularly.

3. Bank transfers

It's very difficult to find a bank in Australia to send ARS to Argentina, at best they will send USD.

A bank transfer moves money between countries on the SWIFT network or an electronic wire or telegraphic transfer. Money is transferred from one bank account to a bank account in another country.

They are more expensive and often slower to transfer your money overseas.

Commonwealth Bank is an example of a bank that offers money transfers to Argentina in USD. The receiving bank fees are at least $18 (US dollars) according to the CBA website.

Best ways to send money to Argentina using a bank

How much will it cost to make my international money transfer?

There are 3 fees you'll usually be charged to send money to Argentina:

How much will it cost to transfer money to Argentina from Australia?
  • Exchange rates - The better the exchange rate, the more Indian rupee you get in the bank account in Argentina. Money transfer services that offer better exchange rates will usually charge you a separate transfer fee.
  • Transfer fees - These can range anywhere between $0 to $5. Some online transfer companies offer fee-free transfers for sending large amounts of money. These companies usually charge a slightly worse margin on their exchange rate, but are still better than bank fees.
  • Hidden fees - You or the person you're sending money too will often get charged a bank receiving fee or banks intermediary fee of approximately $25 each.

How long does it take to transfer money overseas?

Money Transfer Services can take 0 - 3 business days

When using a money transfer service like TransferWise, they tend to quote transfer time in hours not days. Unlike banks, they keep you updated on the movement of your funds. This includes the estimated arrival time of your funds to the account you're sending money to.

Remittance Companies can take 0 - 5 business days

An instant transfer is available with remittance companies if you pay a higher transfer fee and the person can collect in cash. Alternatively you can send money using money in your bank account to another bank account and it can take up to 5 business days.

Bank to Bank Transfer can take 2 - 5 business days

Also known as a 'wire' or 'telegraphic transfer'. These transfers are slow, because the money may go through a network of correspondent banks before landing into the account in Argentina. The time it takes will also vary depending on the bank receiving the money. Plus, it's up to you to check if the person you sent money has received it.

How long does it take to transfer money to Argentina from Australia?

What information do I need to transfer money to Argentina from Australia?

What information do I need to transfer money to Argentina from Australia?
  • Your personal information: Your full name, address and date of birth. For security reasons they need your photo id scanned or photographed. You can use your mobile phone to take a photo and send.
  • How you wish to pay: Your bank details, account numbers and address or debit/credit card details.
  • The full name and address of the person you wish to pay.
  • Overseas bank account details, the name on the account, the Código de Entidad/Código de Plaza and SWIFT code or BIC code for the bank account abroad.

 

Helpful hints

- Make sure your photo is of a high quality so they can see the picture
- Make sure your personal id is valid and within the expiry date
- You can't give your work/office address or PO box address

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