How long does it take to send money from Germany to Argentina?

SEPA deposits from Germany arrive in under 20 minutes for 90% of users, especially if your bank supports SEPA Instant. Once your deposit confirms, sending to your recipient's Peanut account is instant. They can spend via Mercado Pago or withdraw cash immediately — no waiting for bank transfer processing.Total timeline: 20 minutes to a few hours (depending on SEPA processing), then instant spending.

What's the exchange rate for Germany to Argentina?

Peanut converts EUR to digital dollars using the Morningstar rate (approximately 0.5% spread), then digital dollars to ARS using the cripto dólar rate (approximately 0.8% spread). The cripto dólar rate is the free market rate for digital dollar to peso conversion, approximately 5-10% better than the MEP rate used by credit cards, banks, and services like Wise.The rate locks at the moment of payment — the amount shown on the confirmation screen is exactly what gets charged.

How do I deposit from Germany?

Use SEPA transfer from any German bank account. Peanut provides an IBAN, beneficiary name, and unique reference number. Initiate the transfer in your banking app, include the reference number, and your balance updates automatically once the transfer confirms. 90% of SEPA transfers arrive in under 20 minutes. SEPA deposits are completely free.

Does the recipient in Argentina need a bank account?

No. The recipient doesn't need an Argentine bank account, CBU, CVU, or DNI. They create a Peanut account using their passport (verification takes under 2 minutes) and can immediately spend via Mercado Pago QR at over 1,000,000 merchants or withdraw cash at Red ATMs.Foreigners, tourists, and digital nomads can use Peanut without any local banking setup.

Is Peanut cheaper than Wise for Germany to Argentina?

Yes, on both direct cost and exchange rate. Wise charges a small fee and uses the MEP-equivalent rate in Argentina. Peanut's total cost is similar or slightly lower on the deposit, but the real advantage comes from the cripto dólar rate when spending — approximately 5-10% better than the MEP rate Wise provides.On a EUR 500 transfer, Peanut saves you EUR 2-5 in fees, plus your recipient gets 5-10% more pesos when they spend. Additionally, Peanut offers instant local spending (Mercado Pago, cash ATM) while Wise requires the recipient to have a bank account and wait 1-2 days for the transfer.See the full Peanut vs Wise comparison.

Can I send to myself if I'm traveling to Argentina?

Yes. Many users send money to their own Peanut account before or during travel to Argentina. Deposit euros via SEPA from Germany, and when you arrive in Argentina, spend via Mercado Pago or withdraw cash. This is a popular option for tourists and digital nomads who want local spending power without dealing with exchange offices or poor card rates.

Are there any limits on how much I can send?

Germany is in the SEPA zone, so SEPA deposits are supported. There's no hard monthly limit, but transactions above EUR 100,000 may trigger manual review. For most personal and travel use cases, you won't hit any limits.If the recipient is in Argentina, they have a $2,000 USD monthly limit (covering deposits, withdrawals, and spending combined) through Peanut's LATAM partner. This limit can be increased with additional documentation.

Send Money from Germany to Argentina

Deposit via SEPA, get the cripto dólar rate — 5-10% better than cards. Recipient spends instantly via Mercado Pago. No fees.

Get Early Access

Sending money from Germany to Argentina with Peanut gives you the cripto dólar exchange rate — around 5-10% better than what credit cards and traditional banks offer. Deposit via SEPA from your German bank account (90% arrive in under 20 minutes), and your recipient can spend instantly at over 1,000,000 merchants via Mercado Pago or withdraw cash at Red ATMs across Argentina. No fees on deposits or payments.

Why Peanut for Germany to Argentina Transfers

Better Exchange Rate

Peanut uses the cripto dólar rate — the free market rate that bypasses Argentina's regulated MEP rate. Traditional services like credit cards, bank transfers, and money transfer providers convert EUR to USD to ARS through the MEP rate, which is artificially lower than the market rate. Peanut converts EUR to digital dollars to ARS directly at the cripto dólar rate, giving you approximately 5-10% more pesos for your euros.

On a EUR 500 transfer, that 5-10% advantage translates to EUR 25-50 in extra buying power for your recipient — enough to cover groceries for a week or a nice dinner in Buenos Aires.

Easy SEPA Deposits from Germany

Deposit euros from any German bank account via SEPA. Thanks to EU regulations requiring all eurozone banks to support SEPA Instant Credit Transfers, 90% of deposits arrive in under 20 minutes. Deposits are completely free — Peanut charges nothing, and most German banks don't charge for SEPA transfers either.

Info

SEPA deposits from Germany are free and 90% arrive in under 20 minutes. Include the unique reference number exactly as shown — this is how Peanut matches the transfer to your account.

Simply initiate a SEPA transfer from your banking app to the account details Peanut provides, include the unique reference number, and your balance updates automatically once the transfer confirms. Standard SEPA processes during business days, while SEPA Instant works 24/7/365 if your bank supports it.

No Fees

Peanut charges no fees on deposits, payments, or withdrawals. SEPA deposits from Germany are free. When your recipient spends via Mercado Pago or withdraws cash, they pay nothing to Peanut. The exchange rate is the rate — no hidden fees or markups added on top.

Compare this to Western Union (EUR 5-15+ per transfer plus rate markup), PayPal (3-4% cross-border fee plus poor exchange rate), or wire transfers (EUR 25-80 in bank fees).

Instant Spending in Argentina

The recipient doesn't wait for a bank transfer to clear. Money arrives in their Peanut account instantly once your SEPA deposit confirms. From there, they can:

Scan Mercado Pago QR codes at over 1,000,000 merchants across Argentina — supermarkets, restaurants, cafes, kiosks, street food vendors, clothing stores, electronics shops, and pharmacies. Payment is instant, and merchants receive pesos immediately.
Withdraw cash at Red ATMs using cardless QR withdrawal. Available 24/7 in major cities: Buenos Aires, Cordoba, Mendoza, Rosario, Bariloche, Salta, and Ushuaia.

No local bank account required. No DNI required. Just a passport for verification.

Skip the Waitlist

How to Send Money from Germany to Argentina

1
Sign up for Peanut
Create a Peanut account using your email or phone number. Complete identity verification using your passport or Personalausweis — most users pass in under 2 minutes. Verification is handled by Persona, a SOC 2 Type 2 certified, GDPR-compliant provider.
2
Deposit euros via SEPA
Tap "Deposit" in the app and select SEPA transfer. Peanut provides you with an IBAN, beneficiary name, and unique reference number. Open your German banking app and create a SEPA transfer to those details. Include the reference number exactly as shown. 90% arrive in under 20 minutes.
3
Send to your recipient
Once your balance updates, send money to your recipient. If they have a Peanut account, the transfer is instant. If they don't have Peanut yet, send them an invite or send to yourself and spend directly in Argentina when you arrive.
4
Recipient spends in Argentina
Your recipient scans any Mercado Pago QR code at 1,000,000+ merchants for instant payments in pesos, or generates a QR for cash withdrawal at any Red ATM. All spending happens at the cripto dólar rate.

Where the Money Goes in Argentina

Mercado Pago QR Payments

Mercado Pago is the dominant QR payment system in Argentina, accepted at over 1,000,000 merchants nationwide. This includes:

Supermarkets: Carrefour, Dia, Coto, Jumbo
Restaurants and cafes: From corner cafes to sit-down restaurants
Street food and kiosks: Empanada stands, choripan vendors, newspaper kiosks
Clothing and electronics: Major retailers and independent shops
Pharmacies: Farmacity, Dr. Ahorro, and local pharmacies

To pay, the recipient simply scans the merchant's QR code with the Peanut app, reviews the amount in pesos, and confirms. The merchant receives pesos instantly in their Mercado Pago account and sees a normal Mercado Pago payment — Peanut is invisible to them.

See the full Mercado Pago payment guide.

Cash Withdrawal at Red ATMs

Red is one of Argentina's major ATM networks, connecting machines from multiple banks into a unified system. Peanut's cardless QR withdrawal works at Red ATMs in all major cities and tourist zones.

To withdraw, the recipient generates a one-time QR code in the app, goes to a Red ATM, selects "Retiro sin tarjeta" (cardless withdrawal) or the QR icon, scans the code within the 60-second timer, and collects pesos. The ATM dispenses cash in the largest available denominations, typically 10,000 and 20,000 peso notes.

A small ATM network fee may apply depending on the specific machine — this fee is charged by the ATM operator, not by Peanut.

See the full cash withdrawal guide for Argentina.

Bank Withdrawal

Recipients can also withdraw to an Argentine bank account if they have one, though this requires a local bank account and CBU. Most foreigners and tourists won't have this — that's why Mercado Pago and cash ATMs are the primary spending methods.

Cost Comparison: Germany to Argentina

Peanut Total Cost

On a EUR 500 transfer from Germany to Argentina using Peanut:

SEPA deposit fee: EUR 0 (free)
Conversion: Approximately EUR 7.75 (EUR to digital dollars via Peanut's banking partners at ~1.55% total cost)
Spending fee: EUR 0 (free to pay via Mercado Pago or withdraw cash)
Total cost: ~EUR 7.75 (~1.55% all-in)

Your recipient receives the cripto dólar rate when spending, which is 5-10% better than the MEP rate used by cards and traditional services.

Competitor Comparison

Service	Transfer Fee	Exchange Rate	Total Cost on EUR 500	Recipient Gets
Peanut	EUR 0	Cripto dólar rate	~EUR 7.75	Instant Mercado Pago or cash
Wise	EUR 2.18	MEP-equivalent rate	~EUR 9-12	Bank transfer (1-2 days)
PayPal	EUR 0	3-20% markup over mid-market	~EUR 25-50	PayPal balance (needs account)
Western Union	EUR 5-15	5-10% rate spread	~EUR 35-65	Cash pickup or bank (hours to days)
Bank wire	EUR 25-80	Poor rate + markup	EUR 40-100+	Bank transfer (3-5 days)

Savings Calculation

Compared to Wise: Save approximately EUR 2-5 on a EUR 500 transfer, plus your recipient gets the cripto dólar advantage (5-10% better rate when spending).

Compared to PayPal: Save EUR 20-45 on a EUR 500 transfer.

Compared to Western Union: Save EUR 30-60 on a EUR 500 transfer.

Beyond the direct cost savings, Peanut delivers instant spending capability — your recipient doesn't wait 1-5 days for a bank transfer to clear.

Common Use Cases for Germany to Argentina

Digital Nomads Working from Argentina

German remote workers and freelancers increasingly choose Buenos Aires as a base — the city offers excellent coworking spaces, strong WiFi infrastructure, European-style cafes, and a vibrant expat community. The challenge: getting paid in euros while living in a peso economy, without needing Argentine residency or a local bank account.

Peanut solves this by letting you deposit euros via SEPA and spend instantly via Mercado Pago throughout Argentina. You maintain your German bank account and deposit periodically, converting only what you need to spend. Your balance stays in digital dollars until you pay, protecting you from peso volatility.

See the digital nomad payment guide.

Tourists Traveling to Argentina

Germany is one of the largest sources of outbound tourists globally, and Buenos Aires is a popular destination for German travelers. Traditional tourist payment options in Argentina are poor: credit cards give you the MEP rate (5-10% worse than cripto dólar), ATMs charge 15-35% worse rates plus fees, and blue dollar street exchanges carry safety and counterfeit risks.

Peanut lets you pay like a local from day one. Scan Mercado Pago QR codes at restaurants, shops, and markets. Get the cripto dólar rate instead of the tourist rate. No need to carry large amounts of cash or worry about finding a reliable exchange.

See the tourist payment guide for Argentina.