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Best way to transfer money

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Searching4Peace
8/1/2019 21:44 EST

Can anyone recommend an efficient and economic way to transfer money to Argentina on a routine bases?
Best advises will be greatly appreciate. Thank you.

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TomP
8/2/2019 08:30 EST

Much depends on the amount of money you want to send. I often send minimal amounts of US$$$, e.g. US$500 - $2,000 to my vine- yard Manager in Argentina.

This is done via the Internet using Western Union which eliminates the need for you to walk into a Western Union.

For larger amounts, e.g. US$5,000 - US$10,000 my Argentine CPA has a method where the money goes from my USA Chase Bank to Hong Kong. Once receipt is confirmed, pesos are delivered to my Vineyard Manager in Argentina.

Hope this helps.

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todikaios
8/2/2019 13:22 EST

It depends on the amount and also the ease to pick up either pesos or US $ in Argentina. Xoom has rates that are reasonable but there are limited locations to get the cash. I travel to la Argentina about 8 times a year so I just bring the cash with me. Bank to Bank transfers require you to have an Argentine bank account, and that is cumbersome to establish without Argentina residency. Western Union, Moneygram are other means but their rates are a bit higher than Xoom. Also to consider is how often you want to make a transfer. I have a friend who is living on his US Social Security and routinely has $1000 sent to him from a friend, who receives a check from his US bank account. With the rate of inflation very high (35 - 45%) it doesn't pay to park any significant amount of currency in an Argentine bank. Without more specifics it is hard to make concrete recommendations.

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Searching4Peace
8/2/2019 18:38 EST

Hello TomP. Like to send you a private message, but I know that PM through this site never work. Could you send me your email address where I can communicate with you on a more delicate matter about this issue? Thank you!

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Searching4Peace
8/2/2019 18:40 EST

Hello todikaios. Like to send you a private message as well, but I know that PM through this site never works. Could you send me your email address where I can communicate with you on a more delicate matter about this issue? Thank you!

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todikaios
8/2/2019 18:47 EST

Hi Search4Peace:

You can E-Mail me at todikaios@cs.com. Glad to offer any help. Enjoy the Day and give Thanks Always. GODSpeed and GOD Bless!
Rev. GJ Gerard

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expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Searching4Peace
8/2/2019 19:14 EST

Thank you, dear friend.
My wife and I do thank GOD for everything we have and everything we are blessed with, everyday.
You'll hear from me soon. I'll alert you through this media.
I thank GOD for you too.

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Searching4Peace
8/3/2019 12:50 EST

Hello todikaios. I just sent you an PM. It's coming from jvelasco33@yahoo.com. Let me know if you got it.
Thankyou

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TomP
8/9/2019 07:58 EST

Try ... tomphelany@yahoo.com

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