Send Money to Bolivia at the Cheapest Rate

Time Doctor - Sending Money to Bolivia

People experienced with sending money abroad know that using bank wires isn’t always the best ways to transfer money. This is especially true for smaller countries with fewer alternatives for money transfers or exotic currencies.

For instance, if you have to send money to Bolivia from Canada, Australia or Western Europe, you have to know that popular services like Payoneer or Ria Money Transfer are unavailable. In addition, your bank can have really unfavorable conditions for the transaction – high charges and hidden exchange rate fees.

Wondering what to do? Check out our charts about money sending to Bolivia and the five methods for money transfers that are less expensive than using international bank money transfers.

Note:

  • Take a look at our “hidden currency exchange fees” article to acquaint yourself with the most common ways in which money transfer service providers charge their clients a lot.
  • Estimated fees vary from bank to bank.
Table 1 – Sending $1000 from the US to Bolivia
Transfer MethodStated fees to send $1000 USD Hidden currency conversion costTotal costTime for the transfer to arrive
Ria Money Transfer (slow)$5$4$93-5 days
XE Trade$0$14$143-5 days
Western Union (slow)$8$7$153-5 days
Ria Money Transfer (fast)$15$4$19Minutes
Lucky money$5$20$253-5 days*
Western Union (fast)$20$7$27Minutes
Payoneer$3$28$313-5 days
Moneygram (slow)$25$9$343-5 days
Xoom (slow)$12$23$353-5 days
Xoom (fast)$37$23$60Minutes
Moneygram (fast)$81$9$90Minutes
Wire transfer$25-55$10-30$35-853-5 days

Note:

  1. Lucky money sends the amount “In Minutes” after your bank account is verified and you commit to being a regular user.
Table 2: Sending Money from Different Countries to Bolivia. Total Cost in Percentages, including the HIDDEN Currency Exchange Fees
Transfer MethodFrom the USFrom the UKFrom CanadaFrom Western EuropeFrom Australia
AzimoNot available0.8%Not available0.7%Not available
Ria Money Transfer0.9%Not availableNot availableNot availableNot available
XE Trade1.4%1.6%1.6%1.2%2.5%
Exchange4freeNot available2.4%2.5%2.2%2.3%
Small World FSNot available2.4%Not available1.6%Not available
Western Union1.5%3.3%8.1%5.2%9.6%
Lucky money2.5%Not availableNot availableNot availableNot available
Payoneer3.1%Not availableNot availableNot availableNot available
Moneygram3.4%8.9%8.9%7.8%10.4%
Xoom3.5%Not availableNot availableNot availableNot available
Wire transfer2.5-5.5%2-4.5%2.5-5.5%2-4.5%3-6.5%

Other articles that might interest you:

Transferring Money with TransferWise
What’s the Cheapest Way to Send Money to Colombia?

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