TransferWise comes to Argentina

[deadOA]

Espectacular!

 

[jlynch]

azimo rates (above official and closer to blue rate) have passed out transferwise (official rate) now
will transferwise always be using official rates ?

 

[marcdonn]

Hello everyone. Wondering if you can help me. Im currently a permanent resident in Argentina. Does anyone know if TW is monitored by AFIP or if TW share any financial data with AFIP? Thank you.

 

[jblaze5779]

They won't even let you transfer more than the limits. It changed to $200 (in ars) a month the day the controls were updated.

 

[marcdonn]

Thanks! My employer is from the US and they could wire my salary to my TW and then I could wire that to a "cueva". My question is if AFIP and TW interchange financial data. Do you know? Thanks!

 

[Weyland]

I'd assume any legal licensed financial service that operates in Argentina is obligated to share financial data with AFIP. I'm not 100% sure though.

 

[marcdonn]

Yeah, that makes sense. I guess I'll stay put for now and have my employer wire my salary to my argentine bank as usual. Thank you, both.

 

[dilmah]

Does TW work for transferring USD out of Argentina (e.g. to US bank) as well?

 

[jblaze5779]

It does for 200 dollars a month.

 

[dilmah]

It does for 200 dollars a month.

I understand that this limit applies if one pays in peso.
But what if source money are in USD as well? For instance, in USD-account in one of Argentine banks.
Does this $200 limit applies as well? I expect not.