Looking to send money home to Guatemala? There are potentially up to 1.5 million Guatemalans living in the United States alone, many of them sending remittances. These remittances are crucial for daily expenses for nearly 10% of the Guatemalan population.
However, sometimes sending your hard-earned dollars back home could be tricky. High fees and slow delivery times mean that less of your money is reaching those who need it.
Remitly offers a different experience. We strive to make it easy for you to send as much money home as possible.
One popular way of sending money with Remitly is to send it to a Banrural account. Your friends or family in Guatemala can get money wired directly to their bank account or pick it up in cash.
Send Money to Banrural in Guatemala in 5 Easy Steps
It is very easy to start your transfer to Banrural using Remitly. In fact, it only takes 5 simple steps:
- Download the Remitly app and create an account.
- Decide how much you want to send in U.S. dollars (USD) or Guatemalan Quetzal (GTQ).
- Choose whether you want to send it as a Bank Deposit or Cash Pickup.
- Enter your recipient’s name, address, phone number, and bank account number.
- Enter your payment information.
That’s all it takes! Once you’ve sent your transfer, you can track its progress on the app. We can also send your recipient in Guatemala SMS updates, so they know when the money has arrived. Your money transfer typically arrives within minutes.
Why Should I Use Remitly to Send Money to Banrural?
We know every dollar you make matters. That’s why we offer competitive exchange rates and transparent pricing.
While the process to transfer money is fast and easy, we run several bank-level security checks behind the scenes to make sure your money and information are safe.
We also offer a dedicated support line for all of your questions, in both English and Spanish.
How Quickly Will my Money Arrive at Banrural?
Your money transfer to Banrural typically arrives within minutes. You can check the app to verify its arrival, and you will also receive updates from Remitly.
How Much Money Can I Send to Banrural with Remitly?
We do our best to balance international regulations and convenience. That’s why we have simple spending limits that you can easily increase. If you want to send more than the original limit, we only need a few extra documents to verify your identity and transfer.
Upon opening your Remitly account, the starting spending limits are:
- $2,999 within 24 hours
- $10,000 within 30 days
- $18,000 within 180 days
Is it Safe to Send Money to Banrural with Remitly?
Sending money to Banrural through Remitly is very safe. We are licensed and follow international data security regulations. Our encryption protection is the same as the one in banks. And we have a team of security professionals who focus on keeping your account and information safe.
In addition, you will always be able to track your transfer either on the app, the web, or our through SMS. If you have any questions, we have a 24/7 support line with both English and Spanish options.
3 Reasons We Love Banrural
Banrural, short for Banco de Desarrollo Rural, was established in 1997 in Guatemala as a development bank. It’s always had a particular focus on serving micro-businesses and other rural entrepreneurs. In fact, their ownership structure is unique: they’re owned in part by the Guatemalan government, cooperatives, individual shareholders, and indigenous groups.
This is a bank focused on being accessible to every Guatemalan. You’ll often find a Banrural close to a pharmacy, park, or another commercial center in towns as small as Poptún or Nebaj or as big as Guatemala City.
They offer an array of traditional banking services for both individuals and small businesses, including insurance, loans, and other products.