Send Money to Guatemalan Quetzal

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

Countries in Guatemalan Quetzal


Sending money into or out of Guatemala is generally easy and without restriction. US dollars are freely available through the country’s banking system and therefore may be a good alternative to the local currency. There are no restrictions on converting or transferring funds for investment or personal use.
There are added procedures for deposits greater than USD $3,000 per month. The depositor of the funds must provide to authorities a sworn statement attesting that the funds come from legitimate sources.
For simple transfers to Guatemala there are different options available:

Provided the recipient has a bank account in Guatemala a bank transfer will be the easiest method of sending cash.

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 found in major cities around the world and are very common in Guatemala. 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 between just a few percent 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
The quetzal is based on a system of hundredths and can be divided into 100 centavos, its subunit. Quetzal coins in circulation today include the 1, 5, 10, 25, and 50 centavo coins, and the 1 quetzal coin. Banknotes circulating include the 50 centavos note, and 1, 5, 10, 20, 50, 100, and 200 quetzal banknotes.

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