Paying your suppliers or making any sort of business payments to Puerto Rico? Silverbird has you covered. No transfer limits, no delays and the best human support you’ve ever experienced in banking.
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If you want to send money to Puerto Rico, just open an online business account with Silverbird. It’s a hassle-free, 100% online process that takes minutes to complete. Best of all, you won’t have to submit any physical documents or visit a branch.
Start by submitting your personal and business details so we can verify your identity, which usually takes up to 3 business days. Once your account is set up, simply enter the amount you want to transfer from your United States dollar (USD) account. Add the recipient’s details. Check the fees and exchange rate. Finally, confirm the transfer.
With a 98% frictionless transaction rate, the majority of business payments are executed in a matter of minutes.
However, the time it takes for an international transfer to Puerto Rico varies depending on the payment method, the banks involved, the country of origin and the specific money transfer service you use. Usually, instant faster payments take up to 2 hours, while SWIFT and SEPA transfers are processed between 1-5 business days.
Silverbird has no setup or monthly fees. When you send money to Puerto Rico you only pay transaction fees tailored to the needs of your business. As an onboarded Silverbird client, you will receive a transparent pricing plan when you open an online business account with us.
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30+ currencies. No transfer limits.
Open account*Supporting more than 210 payment corridors worldwide.
Alexandru
Great platform
Great platform for fast international payments. Amazing support. Very happy.
01 January 2023
Rada
Easy and fast
Transferring money is easy and fast. Very much satisfied! Thank you very much!
06 September 2023
Finley
Great experience
It’s good to have a responsive account manager to help with any requests.
05 December 2023
M Saatli
Next level banking
The service is beyond my expectations, with top quality customer service.
03 January 2024
Silverbird is a licensed Electronic Money Institution regulated by the UK Financial Conduct Authority (FCA). You’re in safe hands.
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A borderless, multi-currency business account is the best way to transfer money to Puerto Rico. A wire transfer, is usually more expensive. Businesses sending large sums of money to Puerto Rico should open a multi-currency account to take advantage of better exchange rates, security and transfer speed.
Here are some popular methods for transferring money to Puerto Rico:
• Multi-currency accounts
• Wire transfer
• E-wallet
Silverbird is an EMI-certified UK financial institution that follows all industry-standard regulations and best practices to protect your funds. We safeguard your money with Tier-1 UK and EU banks, use industry-leading TLS encryption protocols to secure your data, and two-factor authentication to protect your account.
To send money to Puerto Rico, you will need the full name, sort code, account number, name of the recipient’s bank, and reason for the transaction. You will also need either a bank account, online payment provider or multi-currency account.
The amount of money you can send to Puerto Rico depends on the bank or payment provider you use, and the type of account. Personal bank accounts enforce daily limits of up to £50,000 (Barclays), while Bank of Scotland business account holders have a daily transfer upper limit of £250,000. If you open an online business account with Silverbird, you can send money to Puerto Rico with no transfer limits.
If you send large amounts of money to Puerto Rico — anything upward of $10,000 — your transaction may be delayed. Banks must comply with anti-money laundering regulations to scrutinise large transactions, which are sometimes flagged as suspicious. If you open a Silverbird multi-currency account, you can send large sums of money overseas frictionlessly.
Yes, you can send a SWIFT payment to Puerto Rico. SWIFT transfers usually take 3-5 days. If you want to send an instant payment, opt for an online payment provider like Silverbird.
Yes, you can send a SEPA payment to Puerto Rico if the country of origin is a member of SEPA (Single Euro Payments Area), which includes all EU member states, as well as Switzerland and the UK.
