Send Money To Bolivia

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Bolivia Flag
Bolivia
BOB
1 USD equals
6.904 BOB
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
-

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    -

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Bolivia

      How To Step Icon
      Step 1
      Compare the top companies, sign up
      Compare the top companies, sign up
      Several companies give individuals and businesses easy means to send money to Bolivia.
      To select the best one, compare the leading alternatives based on your specific needs.
      Signing up with the company you choose requires that you provide some basic information about yourself.
      This might include details from a government-issued identity document such as your driver's license or passport.
      How To Step Icon
      Step 2
      Scrutinize exchange rates, get the transfer underway
      Scrutinize exchange rates, get the transfer underway
      Take a look at historical BOB exchange rates. Compare them with the rate quote offered by your service provider. Remember that the rate you get might vary depending on the amount you wish to send.
      If you feel the time to transfer money to Bolivia is right, accept the quote and lock the rate on offer.
      Prepare to give your service provider the recipient's Bolivian bank account details.You get an indication of the turnaround time before you finalize the deal.
      How To Step Icon
      Step 3
      Pay your service provider, track the transfer
      Pay your service provider, track the transfer
      You need to send a payment to your service provider in your home currency by using any of the available methods. Once the company receives your payment, it will send money to Bolivia, directly into the recipient's bank account.
      Visiting your service provider's website and checking for updates is one way to track your transfer. Many companies send email/text notifications as well.

      Currency Symbol and Swift Codes

      What currency does Bolivia use? The Bolivian boliviano (BOB), in its current form, has served as the official currency of Bolivia since 1987. One boliviano is divided into 100 cents or centavos. The boliviano was first introduced in 1864 and it continued to be used as the country’s currency until 1963.

      When sending money to a Bolivian bank account, you will need the bank’s SWIFT code. The table below lists SWIFT codes of some popular banks in Bolivia.

      BANKBRANCHSWIFT CODE
      Banco Santa CruzSanta Cruz de la SierraBSCHBO21XXX
      Banco Nacional de BoliviaLa PazBNBOBOLXXXX
      Banco de Credito de BoliviaSanta Cruz de la SierraBCPLBOLXSCZ
      Banco UnionLa PazBAUNBO22XXX

       

      Case Study

      Camila was happy that she got an opportunity to work in Spain. While she was more than eager to move, her aging mother wanted to stay put in Bolivia because all her relatives were there. Once Camila moved to Spain, she started sending some money to her mother each month. She heard that specialist money transfer companies offered better deals than banks, so she decided to compare top players from both realms. The corresponding table shows you what she found.

       BANKMONEY TRANSFER SERVICE
      Exchange rateEUR 1 = BOB 8.0630EUR 1 = BOB 8.2780
      Transfer feeEUR 20EUR 0
      Amoutn received for EUR 2,000BOB 15,964.74BOB 16,556.00
      Transfer time2 to 5 days1 to 2 days
      Transfer optionsBank accountBank account
      Difference of BOB 591.26

      Camila benefitted by using the money transfer company instead of the bank because her mother stood to receive some extra money every time. In addition, she could lock in exchange rates for up to six months and also schedule subsequent transfers according to her needs.

       

      Cash Pickup Locations in Bolivia

      When sending money to Bolivia quickly is your top priority, consider getting the recipient to collect it from a physical location. Some of the top companies that have a physical presence in Bolivia include Western Union, MoneyGram, WorldRemit, Ria, and Azimo.

      WESTERN UNION IN BOLIVIA 
      Santa Cruz de la Sierra Militel Paurito Avenida Paurito S/n Entre Prol Che Guevara Y Av Belen Santa Cruz de la SierraBanco Mercantil Santa Cruz Agencia Plan 3000 Av Paurito No 6070 Santa Cruz de la Sierra
      El Alto Banco Prodem Ag Rio Seco Av Juan Pablo li Esq Av Luis Espinal El AltoBanco Mercantil Santa Cruz Agencia Rio Seco Av Juan Pablo li N 3010 Rio Seco El Alto
      MONEYGRAM IN BOLIVIA 
      Santa Cruz de la Sierra Banco Mercantil Santa Cruz Avenida. Principal Pi Manzano 7 Santa Cruz de la SierraBanco Ganadero 3er. Anillo Interno Zona De Mercado Mutualista Santa Cruz de la Sierra
      El Alto Crecer IFD - Senkata Aconcagua Entre Mercedario Y Cotacachi El AltoMutual La Primera Ballivian Otero Esq Calle 17B Pasje Peatonal 1309 El Alto

       

      Safety Tips for Picking Up Cash in Bolivia

      Instances of foreigners being targeted by thieves are common, so remain vigilant at all times. Petty crimes such as pickpocketing and bag snatching are reported from the larger cities and around popular tourist destinations. Remain watchful when using public transportation and while walking around crowded areas.

      Make sure you only use radio-taxis because there has been an increase in robberies that involve taxis in Santa Cruz and La Paz. Women should remain particularly careful inside clubs and hostels because instances of sexual assault have been reported. Never leave your food or drink unattended and do not accept food, drinks, or cigarettes from strangers or new acquaintances.

       

      What Information Do I Need to Transfer Money to Bolivia?

      The information that your service provider will need when sending money to Bolivia depends on the desired transfer method.

      • Bank account. The information you require includes the recipient’s complete name, a bank account number, the name of the receiving bank, and the receiving bank’s SWIFT code.
      • Cash pickup center. Along with the recipient’s complete name, you will also need to provide the location of a suitable cash pickup center. All the recipient needs to collect the money is a reference or transaction number and an acceptable form of photo ID.

       

      Regulations When Transferring Money To and From Bolivia

      The Bolivian boliviano is a freely convertible currency so you may send it to or from Bolivia easily. There are no restrictions on entering the country with up to U.S. $10,000 or its equivalent in another currency. You need to declare any amount over this limit upon arrival. If you bring in more than U.S. $50,000, you will need to register it with the Central Bank of Bolivia.  

      Sending more than U.S. $10,000 to Bolivia requires that you mention the source of the funds, and transfers of more than this amount are registered with the customs authorities. If you plan to transfer U.S. $50,000 to U.S. $500,000, you will need authorization from the central bank. To transfer more than U.S. $500,000, you will need approval from the finance ministry.

      Convert USD to BOB

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      BOB
      Sending money online through specialist money transfer companies.

      Expect to receive between Bs683.52 and Bs687.66 when sending money from USD to BOB at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately Bs655.9, not including additional banking fees. That is an average saving of Bs29.69.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

      Money Transfer Guides

      How to Send Money from PayPal to TransferWise
      September 7, 2020

      Below, you will find a guide on how to send money from PayPal to the TransferWise Borderless Account. You will …

      Save Money Transferring Funds In or Out of International Escrow
      September 7, 2020
      Problem Definition

      You are selling something through an international Escrow service and the option to send to your country is through …

      What Is the Difference Between IBAN and SWIFT?
      September 7, 2020

      Banks and other financial institutions make use of different kinds of identification numbers for a variety of reasons. Your bank …

      How Do Wire Transfers Work?
      September 7, 2020

      Wire transfers refer to electronic transfer of funds between two entities that may or may not be banks. These transfers …

      Neobanks Explained
      September 7, 2020

      While neobanks have been around since early 2010s, they have come into the forefront during the latter half of the …

      All You Need to Know About Peer-to-Peer Money Transfers
      September 7, 2020
      What is a peer-to-peer money transfer?

      A peer-to-peer money transfer, also referred to as a peer-to-peer transaction, a P2P transfer, or …