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HOMEMONEY TRANSFERCanada
Send money to Argentina from Canada

Send money to Argentina from Canada

Grey turns your balance into Argentine pesos and credits them to an account at Banco de la Nación, Banco Galicia, Santander Argentina, BBVA Argentina or another Argentine bank. You need the recipient's CBU or CVU, and you see the peso amount, the rate and the fee before you agree to anything. There is no Canadian dollar balance on Grey, so transfers go out from US dollars, pounds or euro.
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Who sends pesos from Canada to Argentina

Part of this corridor is family. Argentines who settled in Toronto, Vancouver and Calgary over the last few decades still have parents in Buenos Aires, siblings in Rosario or Córdoba, and a share of the costs that come with them: a pharmacy bill, a building's monthly expenses, help with rent when wages fall behind prices.

The other part is work. Canadian mining companies run gold, copper and lithium projects in San Juan, Salta, Catamarca and Jujuy, and the contractors, surveyors and service firms around those sites invoice in pesos. Canadian software teams also hire Argentine developers and designers, who bill monthly against a peso invoice.

Both groups send the same way. Your Grey balance sits in US dollars, provided by Lead Bank, pounds or euro, filled by money from a client, an employer or your own transfer, and it converts into pesos at the point you send.

From sign-up to pesos in Argentina

Grey foreign bank account in Ghana
Sign up
Opening an account costs nothing and takes around five minutes with a valid identity document. Once verified, Argentina sits alongside more than 80 other countries in the app.
Fund
Keep the balance in US dollars, provided by Lead Bank, or in pounds or euro. It fills from employer pay, client invoices or a transfer of your own, never from a Canadian dollar top-up.
Send
Add the recipient's name and their CBU, or a CVU if the pesos are going to a virtual account. Check the peso figure, the rate and the fee, then confirm.

What sending pesos to Argentina really costs

Argentina adds a complication most corridors lack. People there follow more than one dollar rate at the same time, and a recipient will often judge a transfer against whichever figure they heard that morning. That makes a conversion priced on arrival, by someone else, especially hard to explain to family or a contractor.

Grey converts once, on your side, before the money leaves. The peso amount you agree to is the amount your recipient's bank credits, so any conversation in Buenos Aires is about a number you both saw in advance.

How the peso amount stays fixed

Once you confirm, the rate is locked and the peso amount stops moving. Nothing is recalculated between your confirmation and the credit in Argentina.

That is useful whenever the figure was agreed beforehand. A surveyor in San Juan billing for a month of fieldwork, or a landlord in Palermo quoting the rent, can be paid the exact amount on the invoice, and the number you confirm in Calgary is the number on their statement.

Grey against a wire from your Canadian bank

Interac e-Transfer stops at the border, so the usual bank option for Argentina is an international wire from RBC, TD Canada Trust, Scotiabank, BMO or CIBC. Canadians already grumble about what those wires cost, and the larger problem is that most of them leave as US dollars. The Argentine bank then decides the conversion, at a rate nobody showed you, and the recipient learns the peso result only when it posts. Grey prices the peso amount in Canada, shows the fee beside it, and credits Banco Nación, Galicia or any other Argentine bank as a local deposit you can track until it settles.

What your recipient in Argentina receives

Pesos in the account they already use, posted like a domestic transfer. They need no Grey account, pay Grey nothing and have nothing to pick up.

Any Argentine bank

Banco de la Nación, Banco Galicia, Santander Argentina and BBVA Argentina are covered, as are other banks across the country, through the account's CBU.

Virtual accounts by CVU

If the money should go to a virtual account rather than a bank, the recipient's CVU takes the place of the CBU.

Grey to Grey

When the person in Argentina also has Grey, a GreyTag transfer between you is free, instant and needs no account numbers.

Filling your balance from Canada

Every peso payment leaves from a balance that is already funded. Canadian senders have three ways to fill one, and none of them is in Canadian dollars.

Invoices to clients

Freelancers and small firms can ask clients outside Canada to pay straight into their Grey account details in US dollars, pounds or euro.

Pay from an employer

Salary paid in one of those three currencies lands in the matching balance and waits there until the Argentine payment is due.

Your own money or a GreyTag

Move funds in yourself, or have another Grey user send you a GreyTag, which arrives instantly and without a fee.
Ask for the CBU in writing before the first transfer, all 22 digits of it, and Grey keeps it for every payment after that.
Grey foreign bank account in Brazil.

What Canadians pay for in Argentina

Mining and field services

Pesos to drillers, geologists, caterers and transport firms working around projects in San Juan, Salta and Catamarca that are run from Vancouver or Toronto.

Developers and designers

Monthly peso invoices from engineers and designers in Buenos Aires and Córdoba who work remotely for Canadian software teams.

Parents and siblings

Help from Toronto or Calgary with medicine, building expenses or groceries for relatives in Buenos Aires, Rosario and Mendoza.

Study and long stays

Rent and living costs for a Canadian student on exchange in Buenos Aires, or for a relative spending a season in Patagonia.

Most of this corridor falls into four kinds of payment, some for family and some for work.
Send money to Argentina

Five reasons to pay Argentina through Grey

Pesos quoted in Canada
The conversion to pesos happens before the money leaves, so no Argentine bank sets the rate after arrival.
CBU or CVU, your choice
The app accepts either identifier, so the money can go to a bank account or to a virtual account.
Usually there the same day
Funded transfers to Argentina normally settle on the day you send them, and you can follow each stage in the app.
Who runs Grey
Grey Inc is a financial technology company, not a bank. Banking services are provided by licensed banking partners. Payments to Argentina are encrypted from the moment you confirm them.
More than a transfer app
US dollars provided by Lead Bank, pounds, euro and a virtual Mastercard all sit in the same account.

Set it up once, and every later payment becomes a short routine.

Open the free account, verify with a valid identity document, fund a balance in US dollars, pounds or euro, and store the CBU or CVU once. From then on, paying someone in Buenos Aires or San Juan means checking a peso figure and confirming it. Every transfer is encrypted, tracked until it settles, and supported in the app if something needs a closer look.
Open a free Grey account

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Grey Lockup in White

Grey is a financial technology company, not a bank. Banking services are provided by licensed banking partners. Canadian services are offered by Grey Finance Inc with registered address at 1285 West Broadway Suite 600 Vancouver BC V6H 3X8. Canada. Grey Finance Inc. is regulated by FINTRAC. US services are offered by Grey Inc. with its registered address at 651 N Broad St, Suite 206 Middletown DE 19709 US. Grey Inc is regulated by FinCEN. Copyright © Grey Inc. [YEAR].