Compare money transfers to Uruguay

The best services to transfer money to Uruguay

Uruguay is best known for its crisp wines, but it’s also a financial hub, home to many international banks and financial institutions. With a stable economy, Uruguayan traders readily accept major cards, US Dollars, the Uruguayan peso as well as an array of other currencies. When sending cash to Uruguay, there’s no need to worry because there are so many options at your disposal.

What are the different ways of transferring money to Uruguay?

Electronic cash transfers are popular in Uruguay, although so many other cash transfer services are available. These include; major cards like Cirrus, Diner’s Card, American Express, Visa, MasterCard, US Dollars, cash pick up services, interbank service, Paypal and Bitcoin.

• Bank transfers. With a good number of international banks operating in Uruguay, transferring cash to your recipient’s bank in Uruguay shouldn’t be a complicated affair. Interbank transactions are ideal for bulk cash transfers. As a rule of thumb when using interbank services, select a major bank that has subsidiaries in Uruguay for a smooth transaction. Bank transfers could be slower compared to debit cards, but they offer good value for money.
• SWIFT transfers. While it’s an expensive cash remittance service, it is a popular and secure cash remittance service trusted by a huge number of people. The only downside of SWIFT is a number of participating banks could deduct fees, and this leads to high costs.
• Electronic cash services. For urgent cash remittance to Uruguay, electronic cash remittance companies are the go-to service. The good thing is they have mobile applications so you can send money efficiently at the touch of a button. Popular services include TransferWise,
• Cash pick up points. As a bubbling financial hub, Uruguay is home to tens of cash pick up service providers. It’s a really fast method of transferring cash to Uruguay, as the money usually reaches your recipient in minutes. All they need to do is to present themselves to a cash pick up agent with their ID and they get their cash.
• Cards. You can also use debit or credit cards to send cash to Uruguay. You’ll be pleased to learn that Uruguay accepts most major cards.

Which service should you use to send money to Uruguay?

Sending cash to Uruguay doesn’t mean that you have to break your bank. Instead, it should be a cheap, fast and straightforward affair. The ultimate method you use is dependent on many factors including; the cost of remittance, forex rates and commissions and the amount of cash on transit. Security and speed also matter. In the end, the cheapest, most affordable cash remittance service will come down to the above factors, so it’s important to get a service that best suits your needs.

Are you looking at an emergency transfer?

Is it a bulk transaction?

Does your recipient need to receive cash money?

Your answer to the above questions will guide your choice of service.

How much does it cost to send money to Uruguay?

When transferring 2000 dollars to Uruguay, the amount received is 84540.00 UYU in Xe. You can also receive a money transfer from Wise for the amount 82602.75 UYU. And with Remitly 80400.00 UYU. There is still an option WorldRemit

110159.36 UYU - will be received by transferring 2000 pounds to Uruguay via Wise. Or it is possible to recieve a transfer for 109647.78 UYU with Profee. With Remitly, the recipient receives the amount of 109620.00 UYU.

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