Send money to Puerto Rico

How to send money to Puerto Rico

Compare fees and exchange rates to get the best deal on your next money transfer to Puerto Rico.

Sending money to Puerto Rico doesn’t need to be complicated or expensive. If you need to transfer funds to friends and family on the Island of Enchantment, you’ll want to compare your options to find the fastest services with the lowest fees available.

Read on to find out the best way for you to transfer money to Puerto Rico.

What's the official currency of Puerto Rico?

A territory of the USA, Puerto Rico uses the US dollar as its official currency.

Find the cheapest, fastest money transfer to Puerto Rico

Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds to Puerto Rico. Note that WorldRemit only does mobile credit top-ups in Puerto Rico, and both MoneyGram and Western Union only send to cash pickup locations.

Rates last updated December 13th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
AUD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
MoneyGram International Money Transfers
AUD 1
Same day
Online, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order
Easily transfer cash to more than 350,000 locations around the world.
Western Union International Money Transfers
AUD 1
Same day
Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order
Send money online to friends and family around the world with Western Union.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

Compare up to 4 providers

Ways to send money to Puerto Rico from Australia

  • Online transfer provider. There is a range of money transfer companies out there than can get your money to Puerto Rico safely, whether to a bank account, cash pick-up location or mobile wallet.
  • Through your bank. Most Australian banks can help you send money to bank accounts in Puerto Rico.
  • Transfer companies with cash pick-up. Funds can be picked up at Western Union and MoneyGram locations throughout the island.
  • PayPal. With low fees and fast transfer times, PayPal can be a sound option for sending smaller amounts to Puerto Rico.
  • Cheques and money orders. While a slower option, these old-school payment methods are safe and effective.

In an emergency situation, sending money to Puerto Rico can be expensive. Bank transfers are not ideal for emergency situations, because of their longer processing times.

However, most independent providers allow you to send expedited payments with additional processing fees. Using a credit card can also save time, but expect higher fees with some providers for this method of payment.

What's the difference between sending with a bank and money transfer provider?

While you could choose the convenience of walking into your local Australian bank for a money transfer to Puerto Rico, you may pay a steep transfer fee to do so. With an independent money transfer specialist, you'll often pay a lower fee with better options for payment and delivery to your recipients.

How to send money to Puerto Rico

Regardless of how you choose to send money to Puerto Rico, you’ll usually need to set up an account.

Most banks and money transfer providers will require your name, contact information and government-issued ID. Next, you’ll provide the recipient’s name and contact information, how much you’re sending and how the recipient will receive it. If you’re sending a bank transfer, you’ll also need to provide the recipient’s bank name, SWIFT code and account number.

Once you’ve completed your transfer, the provider will confirm your transaction with a reference number. Use this reference number to track the progress of your transfer to receipt.

How can I compare money transfer providers?

  • Fees. Fees can vary by provider, but your local banks will often charge more than you’ll pay with an independent money transfer specialist.
  • Transfer options and speeds. Do you need to schedule your transfer online, by phone or in person? Confirm each provider’s method of payment and ask how long it will take for delivery.
  • Minimum amounts. If a provider imposes a minimum limit on transactions, make sure this limit isn’t too high for your needs.
  • Pick-up methods. Some providers allow for bank deposits only, while others may also offer the ability for your recipient to pick up your funds in cash.
  • Customer service. Confirm whether customer support is available 24/7 by phone, email or live chat, if you encounter a problem.

Tips for picking up cash in Puerto Rico

When picking up cash in Puerto Rico, take a Spanish-speaking friend with you, if you don’t know the language. Only about 20% of those living on the island speak English and you can make expensive errors simply by not speaking Spanish. Never flash your cash when travelling and avoid dark secluded areas.

Bottom line

With so many options available, sending money to Puerto Rico should be a simple and painless process. By comparing your options, you can prevent unpleasant surprises like high fees and penalties for cash pick-up.

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in over 30 currencies. Once registered, you'll be assigned an account manager who can provide support and guidance.

WorldFirst International Money Transfers

Use code FINDER20 for $20 credit towards your next transfer*. Conditions apply.
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
*Offer valid for one-time use and only applies to transfers of AUD$10,000 or more.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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