Highest remittance rate for converting 1 USD to CLP = 846.55
many people especially migrants and employers are faced with the task of sending money from US to Chile. With limited options available, getting a genuine transfer agent is never easy more so if you don’t dedicate enough time to conduct sound research. At Exchange Rate IQ, we handle all this hard work for you to present you with a more simplified comparison list of the available services.
Many people are stuck between options when it comes to sending money from USA to Chile because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.
The diplomatic relations between US and Chile go a long way. Today, the United States is home to thousands of migrants from Chile. Since they need to send money back home regularly, finding the best way to send money from US to Chile is crucial. In the past, money has always reached Chile through other transfer methods like banks and cash pick up services. With technology, today taking center stage in completing money transfers, sending money from the US to Chile has never been easier.
If you have to send money cheaply from US to Chile, you should understand that cheap has a broader meaning in international money transfer. Some of the cheap ways to send money from US to Chile include;
Bank transfer: You can deposit money directly to a bank account in Chile from the US. However, it is good to know that it is not the cheapest or the fastest way to send money from US to Chile. Bank transfers are ideal for transfers that involve large amounts of money. It is also important to know that banks can be expensive because the sender can be charged for the transfer service, while the recipient is also charged for withdrawal services. To conveniently complete your transfer, it is important to check on these two factors.
Cash apps: Sending money online is the in thing and in many cases, it is enabled by cash apps. With several online money transfer services around, it gets hard to select the right one. One of the ways to ensure that you have chosen the right option is by picking a service that exists in both countries. At ERIQ, we present all these options on a single page including transfer speed and cost. Always make sure that you are working with a genuine transfer agent to avoid losing money. That is since there are some pretty good con artists that can pose as genuine money transfer companies. Some of the top money transfer apps that you can use to send money from US to Chile include; Remitly, WorldRemit, Xoom, TransferWise, and Ria.
Cash pick up: We are all familiar with Western Union, the name rings a bell even for those who don’t know how the service works. As a matter of fact, all cash pick-up delivery services operate the same way. Money is deposited in their branch in the US and the information is communicated to their other branch in Chile where the recipient can go and collect their money. It is safe to say that cash delivery services are one of the fastest ways to send money from US to Chile with services like Western Union taking only a few minutes. Travelex is yet another option that you can use to deliver your money.
To limit any kind of uncertainty during your transfer, you will need to take the following into consideration.
Cost of transfer: By knowing how much a service costs, you will avoid spending more than what you are prepared to. Generally, the cost of the service usually dictates if you will or will not use the service. Also, don’t forget that cost is relative when it comes to international money transfers.
Service duration: If you want to send money for an emergency quickly and you select a service without confirming how long the transaction will take then you can be in trouble. Knowing how long a service will take to transfer money from US to Chile will make it easy for you to choose the best option with regards to what you need.
Service availability: It will not make any sense if you send money to Chile from US using a service like Venmo which is only available in the United States. Chances are, you will lose more money if you make such a mistake. Always choose a service that is available in both countries