If you are considering moving to Argentina, there are a number of things to consider, not least how to send money to Argentina.
Perhaps you have secured a job in Buenos Aires’ financial district and dropped into a branch of Santander to open an account.
While it may seem like a simple option to move money directly between your current bank account and your new account in Argentina, this could result in unnecessary expenditure.
Indeed, bank-to-bank transfers tend to incur high per-transfer fees along with uncompetitive rates of currency exchange.
If you do decide to regularly transfer money to Argentina this way then it would be worth requesting a breakdown of fees and costs from both the bank that is sending the money and the recipient institution.
Alternatively, you could open an online account with Xendpay and find out exactly how much cheaper the procedure could be when you send money to Argentina this way.
The service allows you to use a Debit card to move the cash and you will benefit from some of the most competitive rates of currency exchange on the market.
Argentina is the second largest country in South America with a population primarily descended from Spanish and Italian people.