Send Money to Paraguay

Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.70%
Minimum Transfer: 250
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £500
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Paraguay

Send Money Transfer to Paraguay

Paraguay suffered a significant liquidity crisis 20 years ago which saw the closure of many banks but has recovered and now has 15 institutions across Paraguay. Reforms overseen by the IMF mean that Paraguay is keen to encourage investment and there are no restrictions on payments. Only around 25% of the population has a bank account but if your beneficiary is one of those that do it is possible to do a bank wire transfer. The currency used is the Paraguayan Guarani (PYG).

If you want to send cash without using your bank account or if you do not have one yet, you can opt for a worldwide money transfer service via a Money Sending Bureau. These establishments can be found on Paraguay and will wire to bank accounts or as cash. With this option however you will need to pay a significant commission on the transfer and it is worth looking around as fees can vary from just a few percent to as high as 15% of the sum being sent. These institutions also often comparatively poor exchange rates so again the total costs need to be considered.

The procedure is however relatively simple: You take the money you would like to transfer to an office in cash. You have to fill in a form, pay the service fee, and show a valid ID. Alternatively, you can process your money transfer online. Once this procedure is done, the recipient can pick up the money at another office simply by showing his or her own ID. With the transaction number you receive, you can track the status of your transfer online.

Bank Note System
Banknotes: 2000, 5000, 10000, 20000, 50000, 100000 Guaraníes