Home / Best money transfer to Ecuador • Cost, duration, comparison

Best money transfer to Ecuador • Cost, duration, comparison

Best money transfer service to EcuadorMoney transfer to Ecuador is very easy since there are several online money transfer companies that can help us execute the transfers.

Before using a particular company to transfer money to your beneficiaries make sure the company you have chosen is authentic and reputable to avoid being scammed.

Comparison: Best Transfer Money to Ecuador

Winner

TransferWise reviews

TransferWise

First Transfer Free!

  • Transferwise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.

Best-money-transfer-Currencyfair

currencyfair

Five Transfers Free!

  • A world-class customer service, very good exchange rates and permanently favorable transfers abroad and to Germany convince. Only downside is the small selection of countries.

TransferGo Reviews

transferGo

Send money very fast!

  • Save up to 90% compared to banks. No hidden costs. Large selection of countries.
Winner

Azimo Reviews

AZIMO

First Transfer Free!

  • Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
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EUR

How can I send money to Ecuador

Sending money to Ecuador is easier since there are several reputable third-party money transfer providers that will help you with your transfers.

Before deciding on which company to use, you should keenly analyze the existing options and the best in terms of the turnaround period, costs related to money transfer, the method of payment among other factors.

Bank (is expensive)

Banks are business firms and like other business, their main aim is to maximize profits. For them to do so they utilize all available sources of revenue, a good source of revenue to these banks are their exchange systems and huge transaction fees collected from international money transfers. This makes bank to Ecuador also expensive not an option worth considering currently.

Money transfer provider

There are many money transfer providers that can help you with your money transfer to Ecuador. But the following are considered as the best options for your money transfer to Ecuador. They include; WorldRemit, TransFast, Remitly, MoneyGram,and Xoom.

How much does it cost to transfer money to Ecuador

Money transfer cost varies from company to company. Each money transfer provider has its unique pricing. Here is a rough estimation of how the following companies are like to charge you for your transfers to Ecuador.

  • WorldRemit
  • TransFast
  • Remitly
  • MoneyGram
  • Xoom

WorldRemit

You will be privileged to make your first three money transfers to Ecuador for free thereafter you will be charged approximately 9.99 USD for every transaction.

TransFast

This company will charge you about 4.99 USD for every money transfer to Ecuador.

Remitly

Will charge you a transfer fee of about 7.99.

MoneyGram

If the payment is remitted to the bank of the beneficiary it will cost you 9.99 USD. If cash pick-up at an agent location option in used you will be charged 10 USD.

Xoom

Xoom will charge you approximately 9.99 USD.

Duration of a money transfer to Ecuador

The turnaround duration varies from company to company. Here is long your money transfer is likely to take in case you use the following companies for your transfer.

  • WorldRemit

The fund will be available within the same day.

  • TransFast

This will take approximately 12 hours.

  • Remitly

Fund available in minutes if the payment is done using Credit or Debit card.

  • MoneyGram

Within 24 hours for debit or credit card or within minutes if cash pick-up at an agent location in Ecuador.

  • Xoom

Within 12 hours the amount will be available.

Conclusion on the money transfer to Ecuador comparison

Money transfer to Ecuador is easy,fast and reliable while using this authentic and reputable third-parties money transfer companies. Before committing any amount to make sure you have chosen the right company to avoid scammers.