How to Send Money to Peru: Fees, Speed & Best Methods 

Peru’s growing economy and strong ties to international markets make it a popular destination for remittances. With multiple transfer methods available, from digital platforms to traditional bank wires, choosing the right service depends on your specific needs, budget, and timeline.  

This comprehensive guide breaks down everything you need to know to send money to Peru, including fees, transfer speeds, and the best methods available through Ria Money Transfer. 

Overview: Money Transfers to Peru 

• Peru uses the Peruvian sol (PEN) as its currency. 
  

• Many services let you send either in USD or PEN; recipients often prefer to receive in their local currency to avoid additional conversion. 
  

• A growing number of Peruvians use Yape, a mobile wallet for digital payments and remittances. Ria partners with Yape so you can send directly to Yape.  
  
  

 
Fees & Exchange Rates 

When you send money internationally, your total cost comprises: 

1. Upfront transfer fee (what the remittance company charges you) 
   

1. Exchange rate margin / markup (the difference between the “mid-market” rate and the rate the company gives you) 
   
   

Here’s what’s typical for Peru: 

According to World Bank remittance data, the average total cost to send money from the U.S. to Peru is around 4.6% (fee + exchange margin) for small amounts.  

Tips to reduce costs: 

• Use bank or debit transfers rather than credit cards (credit cards may also incur cash-advance fees) 
  

• Compare providers (fee + rate) rather than just the fee 
  

• Use digital wallet or bank deposit options (often cheaper than cash pickup) 
  

• Send larger amounts fewer times (if permitted) to reduce fixed-fee impact 
  

Speed / Delivery Times 

Speed depends on: 

• How you fund the transfer (card, bank, cash) 
  

• How your recipient receives the money (bank deposit, cash pickup, mobile wallet) 
  

• Processing time, compliance checks, local agent/partner networks 
  
  

Here are typical timelines for Ria: 

• If you pay by credit or debit card, transfers usually arrive in 15 minutes up to 3 hours.  
  

• If you pay via bank account transfer, it may take up to 4 business days. 
  

Keep in mind local holidays, cut-off times, and compliance checks can delay transfers. 

Methods & How to Send 

Here are common sending and receiving methods when remitting to Peru: 

Method	Sender Side	Recipient Side	Pros / Cons
Bank deposit	You link your bank / send via app / transfer	Funds go into the recipient’s bank account	Convenient, avoids cash handling; may be slower; bank account required
Cash pickup / agent location	Sender funds at agent or online	Recipient collects at local partner / agent	Often fast, useful for unbanked users, but may have higher fee / lower rate
Mobile wallet	Send via app / digital service	Recipient receives in wallet	Fast and low cost; Ria supports Yape in Peru.
Debit / credit card	Use your card to fund	Linked to the receiving method you choose	Fast, but card issuers may charge extra fees (cash advance).
Wire / bank-to-bank	Use international wire service	Funds delivered by correspondent banks	Reliable for large transfers, but often expensive and slower

What You’ll Need / Verification 

Like sending to any country, providers need identity verification, recipient details, and source-of-funds information. Ria’s identity requirements tend to apply broadly, so similar documentation will likely be required:  

Typical requirements: 

• Valid government-issued ID (passport, driver’s license, national ID) 
  

• Name, address, contact info of sender and recipient 
  

• For bank deposit: recipient’s bank name, branch, account number 
  

• For mobile wallet: recipient’s wallet identification  
  

• Sometimes proof of source of funds (depending on amount / regulations) 
  

If sending large amounts, additional KYC / AML checks may be required. 

Step-by-Step Guide to Sending Money to Peru with Ria  

Ria makes sending money internationally simple, fast, and secure. Here’s how to do it in just a few steps:
  

1. Sign Up for an Account  

• Go to the Ria Money Transfer website or download the Ria app.  

• Create an account using your email address, and set a secure password.  

• You may need to verify your identity by uploading a valid ID, especially for higher transfer amounts.  
  

2. Begin a New Transfer  

• Click “Send Money” and select Peru as the destination.  

• Enter the amount you’re sending in either USD or PEN.  
  

3. Choose a Delivery Method  

• Bank Transfer: Send funds directly to the recipient’s account.  

• Cash Pickup: Recipients can collect cash from thousands of Ria agent locations across Peru.  

• Digital Wallet 
  

4. Enter Recipient Information  

• For bank deposits: Provide the recipient’s account number, bank name, and full name as it appears on official documents.  

• For cash pickup: Enter the recipient’s full name accurately to match their ID.  
  

5. Select a Payment Method  

• Pay via bank transfer, debit card, or credit card.  

• Bank transfers tend to have the lowest fees, while credit cards may incur higher costs for faster payments.  
  

6. Review & Confirm  

• Double-check all details: 

• Transfer amount.  

• Fees and exchange rates.  

• Recipient information.  

• Confirm the transfer and submit your payment. 
   

7. Track Your Transfer  

• You’ll receive a tracking PIN to monitor the status of your transfer.  

• For cash pickups, share this PIN with your recipient. 
   

8. Notify the Recipient  

• Ensure your recipient knows where and when to collect their funds.  

• For cash pickups, they must present their ID and the tracking PIN at designated locations. 
  
  

FAQs About Sending Money to Peru 

Is it safe to send money online? 
Yes. Ria uses encryption, identity verification, and secure systems to protect your transfer every step of the way. We’ve helped millions of people send money across the globe for over 35 years. 

What is the cheapest way to send money to Peru? 
Generally, paying with your bank account and sending to a recipient’s bank account or digital wallet in Peru is the most cost-effective option. These methods usually have lower fees and competitive exchange rates. 

Can I send money to a debit card in Peru? 
Ria doesn’t currently support transfers directly to Peruvian debit cards. However, you can send funds to your recipient’s bank account or Yape wallet, both of which are typically linked to debit cards for easy access to funds. 

How much money can I send to Peru at once through Ria? 
Limits vary depending on your location, how you pay, and your recipient’s payout method. You’ll see the exact limit when setting up your transfer. If you need to send a large amount, additional verification may be required for your safety. 

Send Money to Peru with Ria 

Whether you’re sending funds for family expenses, emergencies, or special occasions, choosing the right transfer service is key. Ria offers fast, cost-effective, and secure options to send money to Peru, making it one of the best choices for your international remittance needs. 

Start your transfer to Peru today.