Thread: Transferring Money to and from Argentina

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  1. #36
    Senior Member


    Posts: 428
    Quote Originally Posted by Frankandstein  [View Original Post]
    Xoom has a $3 k limit I understand, so to buy a property here you need a 'financiero', a middleman who will accept your USD in a bank outside of Argentina, and give you USD inside Argentina for a 1.5% to 3 % fee.
    Lots of pros and cons of Xoom, so won't go into that here. Just clarify that if you go through all the bells and hoops that Xoom and More Casa their pickup partner requires, you can get cleared for Level 3 transaction limits which are:

    $2999 in any single transfer, $9999 24 hr limit, $25 k within 30-day limit, and $60 k within 180-day limit.

    Obviously though, pickup at More Casa is only available in pesos. Although short hop away in Uruguay, you can send yourself USD.

  2. #35

    Colegiales etc.

    Xoom has a $3 k limit I understand, so to buy a property here you need a 'financiero', a middleman who will accept your USD in a bank outside of Argentina, and give you USD inside Argentina for a 1.5% to 3 % fee.

    It involves a lot of trust of course, so you need to be careful. The real estate agent should help you with this.

    And of course, you don't wire all the money at once. Break it up into small pieces and pay over several months, that way you build trust and don't risk it all.

    It really isn't risk though. Financieros have a great business and don't want to risk losing their reputation. Still for you to sleep well, best to do it in small pieces.

    And even if you buy from a local, or a builder, chances are they will want some USD outside the country too. Just be sure you have your own lawyer when all this happens.

  3. #34
    Quote Originally Posted by Mojito
    Why don't you use Western Union?
    Western Union and other money services charge a fairly high percentage rate. Most bank wiring charges a flat fee of $10-$50 for an international wire. Western Union probably has an upper limit on amounts too. I just checked, and they show a 10k daily limit, US$. From some rates I saw online, you'd pay $400 for transferring $10k, and if you want local currency, you might get hit there again.

  4. #33
    Why don't you use Western Union?

  5. #32
    Get someone from the US or Europe in Europe who you trust and who has both has a bank account in the first world and Argentina

  6. #31
    Quote Originally Posted by Chascomus
    For all of you wondering how to send money FROM be. A. TO the U. S. Forget trying! THE ONLY way you could do it is, if you had a declared bank account here in Argentina. To get a bank account IN ARGENTINA you NEED to be a resident! WITH a DNI. AND even after you go through the WHOLE process of that you CANNOT wire any money UNTIL your account is AT LEAST 6 months old!
    Just to add a little more information, you must also have a permanent CUIT, not a temporary one. It is easy to get once you have the DNI, but is not automatic. It takes a few extra forms. (Thankfully I have a work-provided attorney for all of this)

    I found this out the hard way when I went to transfer money. It took another few weeks to get that straightened out.

  7. #30

    COSTS of wiring money to Exchange houses

    Some of you have asked: the cost, for wiring money from the USA to BA Is around: 1.2%

    Just helped a friend do it in October.

  8. #29

    You CAN'T easilly Wire money, but there are other ways!

    For all of you wondering how to send money FROM B.A. TO the U. S. Forget trying! THE ONLY way you could do it is, if you had a declared bank account here in Argentina. To get a bank account IN ARGENTINA you NEED to be a resident! WITH a DNI. AND even after you go through the WHOLE process of that you CANNOT wire any money UNTIL your account is AT LEAST 6 months old! So don't go around to the banks here, that carry American Branch names, "Citi Bank", Boston Bank, etc. Asking them how to do it. They will only look at you with blank faces, until they pass you to the manager who then breaks the news to you. So don't waste your time!

    What people do is. You go to an exchange house and wire the money to someone's "offshore" account. And then to your Bank somewhere in the U. S. This is an "under-the-table transaction here, and I'm not recommending it) BUT, in any case. WHY would you want to send money to the U. S. And need to declare it on your taxes? And pay high taxes on foreign investments?

    Option. Well, not easy, takes some risks. Some people in Argentina save their money in "financieros". Getting about 10% interest. Again, I can't recommend that. But some people do it. And then take money out little by little. And hope the economy doesn't collapse.
    Last edited by Chascomus; 11-04-06 at 19:46. Reason: mispelled title

  9. #28
    Regular Member


    Posts: 12

    wire to US

    Why do not try Giovinazzo, they are reliable. I have used their service many times, back and forth.

    Talk directly to Pablo Giovinazzo (I have no cut!

    Giovinazzo. Sarmiento 463. 4329-3600

    Biker

  10. #27

    Sounds like I touched a raw nerve

    Yo Member,

    Don't be so sensitive.

    Its only money. When you get it.

    Jackpot

  11. #26

    Banks here don't have any ties in BA

    Quote Originally Posted by Thomaso276
    Good question. I have no idea but please keep us posted because it will be valuable info. I would be checking with your bank in the States and possibly some money exchange places here. A google search should give you the list here in BA. Maybe American Express has a system where you can bring back a check after depositing here.

    If this is the re-purchase by Saint of your apartment you should acknowledge his willingness to buy the place back and to follow through. If it is his re-purchase I imagine he can transfer to USA from one of his accounts. Either way this will cost you some money.
    I spoke with HSBC which has branches in BA and Citibank and they both say they are on different systems and have no ties to them other than same name.

    Like I said in my other post, I will tell my whole story after my ordeal is over.

  12. #25

    Who the hell are you to comment on my situation?

    I answered your smart ass comments in PM so if you want to bring in public it shows a lot of class and I don't know you and I didn't ask for your smart ass comments.

    After my ordeal is over I will reveal everything as I did make this a public issue so until then leave your smart ass comments in PM.

    Jerkoff.

    Quote Originally Posted by Jackpot
    Saint gave you a screwing once and now it looks like a repeat.

    Won't you ever learn? If he is such a good guy, why don't you ask him to help you?

    Jackpot

  13. #24

    Saint strikes again!

    Saint gave you a screwing once and now it looks like a repeat.

    Won't you ever learn? If he is such a good guy, why don't you ask him to help you?

    Jackpot

  14. #23
    Good question. I have no idea but please keep us posted because it will be valuable info. I would be checking with your bank in the States and possibly some money exchange places here. A google search should give you the list here in BA. Maybe American Express has a system where you can bring back a check after depositing here.

    If this is the re-purchase by Saint of your apartment you should acknowledge his willingness to buy the place back and to follow through. If it is his re-purchase I imagine he can transfer to USA from one of his accounts. Either way this will cost you some money.

  15. #22

    How to Wire Money from BA to USA?

    I was wondering if anyone knows how to wire money from a BA bank to a USA bank? I hopefully will be receiving some cash from a sale of my apt and want to know how to send it back to the states so I don't have to lug it around. I was wondering if I could set it up prior to me arriving and just have an armed escort with me to the bank there.

    Any info appreciated.

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