Send Money to Argentina by Using a Safe and Reliable International Money Transfer Service

Information verified correct on December 6th, 2016

Monte Fitz Roy ArgentinaDo you want to send money from Australia to Argentina? Here’s the help you need in picking the right option.

Records of Argentines living in Australia date back to 1891, when they found a mention in the colonial census. However, their community remained small until much later. There were around 250 Argentine-born people living in Australia in 1947. This number increased to around 1,800 by 1971. As per the 2011 Australian Census, there were 9,879 people who claimed full or partial Argentine ancestry along with 11,985 Argentina-born citizens who resided in Australia.

Argentina has an embassy in Canberra and Australia has one in Buenos Aires. Economic and political relations between these two countries have grown significantly in the last 15 years.

Compare Money Transfer Services

Rates last updated December 6th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Western Union International Money Transfers
Western Union International Money Transfers
Send money online to friends and family around the world with Western Union. AUD 1 Same day Online, Phone, Agent, Bank Account to Bank Account, Cash Transfer, International Money Order Go to site More
Compass Global Markets International Money Transfers
Compass Global Markets International Money Transfers
Send money in as little as 24-48 hours to a range of countries with Compass Global Markets. AUD 1,000 2 days Online, Phone Go to site More

Speak to a FX Expert

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com.au privacy policy
TorFX Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

The Uruguay Round of Multilateral Trade Negotiations led to closer collaborations, especially in the realm of pursuing liberalisation of agricultural trade. Australian investment continues to flow into Argentina, in sectors such as agriculture, industries, services and mining.

Instances of people wanting to send money from Australia to Argentina are not uncommon. If you’re wondering which way will work best for you, go through the rest of this guide.

Banks versus money transfer companies

Joaquin Garcia got to Australia as a student. At the end of his studies he managed to get a job here. After he began working he decided to start sending some money back home, to his ageing parents. He figured he could afford sending around AUD 2,000 every month. While he had an account with a prominent Australian bank, it did not let him transfer funds to Argentina because the Argentine peso is an exotic currency.

He compared money transfer companies, and this is what he saw:

Money transfer service 1Money transfer service 2
Exchange rateAUD1 = ARS8.377AUD1 = ARS9.5481
Transfer fee$0$0
Amount received for $2,000ARS16,754ARS19,096.27
Transfer timeOne dayOne to three days
Transfer optionsBank accountBank account
Difference ofARS2342.27

The fact that Joaquin decided to go with the second money transfer service provider should come as no surprise. While the second service provider took extra time, it offered him a better deal.

Back to top

How do I compare transfer companies when transferring and receiving money via Argentina?

Don’t go for the first money transfer company that comes your way. Instead, compare your options across multiple parameters, which include:

  • Exchange rates and fees. Paying attention to the exchange rate alone in not enough; you should find out how much fees you’ll have to pay as well. This is because high fees can offset any benefit you may get through a seemingly attractive exchange rate.  When comparing financial viability, paying attention to how much money the recipient will receive is a good idea.
  • Methods of sending money. Most banks and some money transfer companies let you send money in person. While the former have branches, the latter tend to operate out of stores and kiosks. You can also send money to Argentina online and over the phone, depending on the service provider you choose.
  • Methods of receiving money. One option is to transfer the funds directly into the recipient’s Argentine bank account. Alternatively, you can get the recipient to collect the money by visiting a cash pickup location.
  • Turnaround time. Transfers that involve cash pickups take place the quickest, which can be almost immediately. If you’re transferring money to a bank account the process can take one to seven business days. This depends on factors such as the provider you choose as well as the recipient’s bank.
  • Using the same bank. A quick and easy way to send money to Argentina is to use the services of a single bank. You can do this if you and the recipient have accounts with the same bank. This way, you can save in fees as well.
  • Minimum amounts. This requires your attention if you plan to send small sums because some service providers limit the minimum you can send to $500 or $1,000.
  • Customer service. If you need any assistance you should be able to contact a company representative via email, chat and phone.
Back to top

How do I send money to Argentina from Australia?

Options in sending money from Australia to Argentina fall into two basic categories:

  • Banks. Find out if your local bank lets you transfer funds to Argentina. There’s a good chance it would. However, the time taken depends on the financial institution you bank with. You may have to pay fees to use its services. You can buy a money order from your bank, which you can send via mail. Sending cheques via mail is another option.
  • Non-banks. You can get in touch with a money transfer company such as Western Union or MoneyGram. They let you transfer funds to Argentine bank accounts as well as to cash pickup locations. PayPal lets you transfer money from Australia to Argentina. In this case, you and the recipient should have PayPal accounts. You can create a new PayPal account for free.

How do I receive money from Argentina in Australia?

If you’re receiving money from Argentina you have these options:

  • Banks. You can get the sender to transfer the money directly into your bank account. The sender can do this through a bank or a money transfer company. If you receive a cheque or money order via mail, you can deposit it in your bank account.
  • Non banks. If you want to collect money from a physical location you can use the services of a business such as Western Union or MoneyGram. You can receive money through PayPal, in which case you and the sender should have accounts with this online company. Once the money gets to your PayPal account, withdrawing it into your Australian bank account is easy.
Back to top

Emergency cash transfers in Argentina

Losing your wallet or money when travelling in Argentina can be difficult to deal with. The first thing you should do is make the required phone calls to cancel your credit and debit cards. Next, you can get some emergency money using one of these options:

  • Cash pickup. You can get money from a friend or family member through a money transfer company that has cash pickup locations in Argentina. Let the sender know of a desired location. Keep an acceptable form of ID with you when you go to collect the cash.
  • Cash through credit card provider. If you’re an existing MasterCard, Visa or American Express credit card holder you can get some emergency money by visiting a local participating bank. The money you get adds to your credit card account.
  • Travel insurance. If you pay for the right kind of travel insurance you can get money to deal with scenarios such as medical emergencies, flight delays and cancellations as well as lost and misplaced baggage.

Cash pickup locations in Argentina/ Western Union / MoneyGram branches in Argentina

Western Union and MoneyGram have numerous locations spread across Argentina. To collect money from a cash pickup location you’ll have to provide an acceptable form of photo ID such as your passport or driver’s license. If the transfer involves a large sum, calling ahead of time to check for availability of funds is a good idea. Here are some cash pickup locations in Argentina:

Western Union

Buenos Aires

  • Correo Obelisco
    Cerrito 368 - San Nicolas
    Capital Federal, 1043
    +54-11-43829188
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday
  • New Multiservicios Obelisco
    Av. Corrientes 928 - San Nicolas
    Capital Federal, 1043
    +54-11-53688290
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday

Cordoba

  • Claro-Mercado Sud
    Bv. Illia 155 Puesto 7
    Alta Cordoba, Cordoba 5000
    +54-351-4230296
    Open 8:00am to 8:30pm Monday to Friday, 7:00am to 2:00pm Saturday, closed on Sunday
  • Telecentro Nico
    San Lorenzo 328
    Cordoba, Cordoba 5000
    +54-351-4699529
    Open 8:00am to 11:00pm Monday to Saturday, 4:00pm to 10:00pm Sunday

MoneyGram

Buenos Aires

  • Banco Piano - Casa Central
    San Martin 347
    San Nicolas
    Buenos Aires, 1004
    +54-11-43250472
    Open 10:00am to 4:00pm Monday to Friday, closed on Saturday and Sunday
  • Banco Piano - Ramos Mejia
    Avenida De Mayo 271
    Ramos Mejia
    Buenos Aires, 1704
    +54-11-46545583
    Open 10:00am to 3:00pm Monday to Friday, closed on Saturday and Sunday

Cordoba

  • Maguiexpress - Sendmoney - Centro
    De Julio 9 591
    Cordoba, 5000
    +54-351-5690824
    Open 10:00am to 6:00pm Monday to Friday, closed on Saturday and Sunday
  • Maguiexpress - Sendmoney - Cordoba Cerro
    Avenida Rafael Nunez 3961
    Cordoba
    Cordoba, 5000
    +54-351-4812639
    Open 8:30am to 4:30pm Monday to Friday, 10:00am to 1:00pm Saturday, closed on Sunday
Back to top

Tips for picking up cash in Argentina

There are government imposed restrictions on purchasing foreign currency in Argentina. Since these restrictions are subject to change, you should monitor media reports for any relevant updates.

The most common crimes in Argentina include bag snatching, distraction theft and armed robberies. Instances of thefts from hire-cars are common. As a result, when you collect money from a cash pickup location you should exercise due caution.  Refrain from carrying large sums of money when possible. Avoid wearing expensive jewellery. Think twice before venturing into poorly lit or isolated places after dark.

Occasional protests take place against Australian interests. These relate to Falkland Islands. It’s best that you avoid these protests.

Back to top

What are the steps to send money to Argentina?

The steps involved in sending money to Argentina depend on the method you choose:

  1. Transfer to bank account. If you’re using the services of your bank you’ll have to start the process by providing details such as the recipient’s name, account number, name of the bank and the bank’s SWIFT code. If you’re sending money through a money transfer company you’ll have to submit your bank account, debit card or credit card details.
  2. Cash pickup. The money transfer company will require the recipient’s name along with a desired cash pickup location. If you’re sending cash through a physical location you’ll have to provide some kind of valid ID. For transfers initiated online, you’ll have to provide details of your bank account, debit card or credit card.

International Money Transfer Offers

Learn about our information service
TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First Foreign Exchange

Exclusive offer: $0 transfer fee
Transfer money into a range of currencies online and over the phone.

Exclusive: CurrencyFair International Money Transfers

Exclusive offer: 3 Free transfers (after your first transfer).
A peer-to-peer transfer service with a large range of currencies on offer.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback