Wiki

Remittance education center

Last updated: 2026-08-21

Free guides to help you understand how remittances work, save on every transfer, and make better decisions.

📚 Fundamentals

What is the mid-market exchange rate and why it matters

This article is available in Spanish

Rate vs fee — which actually costs more

This article is available in Spanish

How to choose the best provider based on the amount you send

This article is available in Spanish

📖 Core concepts

What is a remittance company and how it makes money

This article is available in Spanish

Why the exchange rate matters more than the fee

This article is available in Spanish

Why the exchange rate for remittances goes up or down

This article is available in Spanish

Why remittance fees are rising — and how to avoid them

This article is available in Spanish

Difference between remittance and international wire transfer

This article is available in Spanish

How long does an international transfer really take

This article is available in Spanish

Which method is best: cash, bank, or digital wallet

This article is available in Spanish

💸 Sending methods

Cash pickup vs bank deposit — which is better for you

This article is available in Spanish

18-digit CLABE interbank code — what it is and why you need it

This article is available in Spanish

🌎 Corridor guides

How to receive money in the Dominican Republic step by step

This article is available in Spanish

Which banks in Honduras work with remittance providers

This article is available in Spanish

What documents do I need to send money to Honduras

This article is available in Spanish

How long does a transfer to Guatemala really take

This article is available in Spanish

Receiving remittances in El Salvador with Tigo Money and Chivo Wallet

This article is available in Spanish

What documents do I need to send money to El Salvador

This article is available in Spanish

How to receive remittances in Colombia with Nequi and Bre-B

This article is available in Spanish

💡 Financial education

Taxes on remittances in the US and receiving country

This article is available in Spanish

Exchange rate alerts — what they do and how to use them

This article is available in Spanish

New 1% tax on remittances from the US (IRC 4475): who it applies to

This article is available in Spanish