GuatemalaGTQGuatemalan Quetzal
Guatemala lives on remittances from abroad like few countries in the world: money from relatives makes up a share comparable to a fifth of the economy. For local banks, an incoming transfer is not an exception but routine, and the branch network is built accordingly: it extends to mountain departments, not ending in the capital. The quetzal meanwhile behaves more calmly than many Latin American currencies. The question therefore is not about the exchange rate, but about where it is convenient for the recipient to withdraw the money. Commission from 0.9%.
The route, the receiving bank and the payout amount are agreed before payment.
The national currency is the quetzal (GTQ), with a floating exchange rate that remains relatively stable by regional standards; 1 quetzal = 100 centavos. The currency is named after the quetzal bird, which was revered by the Maya and is depicted on the state coat of arms. Guatemala is the most populous country in Central America and one of the region's countries with a very high role of remittances from the diaspora: such inflows make up a significant share of the economy and household incomes, so receiving incoming transfers is a routine operation for local banks. The central bank and regulator is Banco de Guatemala, located in Guatemala City; the capital is the country's main financial center. Among key banks are Banco Industrial, one of the country's leading private banks, and Banrural, distinguished by its wide network of branches in departments and rural areas, which is especially important for recipients outside the capital. For bank transfers, IBAN GT is used, containing 28 characters (GT + 2 check digits + 4 bank letters + 20 account characters). For an international transfer, you need the recipient's IBAN GT, the bank's SWIFT/BIC, and the recipient's full name.
Guatemala has not imposed its own sanctions against Russia, however, any specific transfer depends on the recipient bank, correspondent chain, and standard AML/KYC checks. The official language is Spanish, although more than twenty Maya languages are also used in the country; in some mountain departments Spanish may not be the recipient's native language. The country operates in UTC−6 time zone and is 9 hours behind Moscow, so the working day of Guatemalan banks falls in the evening Moscow time. ATM24 checks the available route in advance before confirming the request. The time for international SWIFT transfer is 2–5 business days. ATM24 commission is from 0.9%.
Cards from Guatemalan banks credit quetzals; for recipients outside the capital, the location of a nearby branch is more important than the card itself. Banco Industrial, Banrural, BAC Credomatic, Banco G&T Continental. You need the 16-digit card number and cardholder's name in Latin characters. Banrural has a wider network in departments than capital-based banks
The country has no IBAN format: the recipient is found by the bank's SWIFT code and account number. In the request, specify the bank's SWIFT code and recipient's account number; write the name with both surnames, as in their document. Incoming transfers from abroad are familiar to Guatemalan banks: the country depends on them. Write the recipient's name exactly as it appears in their document - Spanish names have two surnames, and both are important
Withdrawal of quetzals in cash: the country's banking network extends beyond the capital. Guatemala City - the capital and financial center; Quetzaltenango - the second largest city. For recipients in mountain departments, cash is often the only viable option. For a recipient in a remote department, verify in advance the nearest withdrawal location
Guatemalan recipient banks are located by SWIFT code and account number; there is no IBAN format here. Write the name exactly as it appears in their document, with both surnames - the bank verifies them. The quetzal fluctuates, so the amount is fixed at the time of request and does not change by the time of transfer. The country has not imposed sanctions against Russia. The main decision for this direction is the choice of bank: if the recipient lives in a department rather than the capital, it is important that the bank has a branch in their area.
We accept RUB, USD, EUR and USDT — we pay out in GTQ
RUB GTQ
0.08069per 1 RUB
10 000 ₽ = 807 GTQUSD GTQ
7.13per 1 USD
100 $ = 713 GTQEUR GTQ
7.92per 1 EUR
100 € = 792 GTQUSDT GTQ
7.13per 1 USDT
100 USDT = 713 GTQ| You send | Payout in GTQ |
|---|---|
| 100 USDT | 713 GTQ |
| 300 USDT | 2 139 GTQ |
| 500 USDT | 3 565 GTQ |
| 1 000 USDT | 7 130 GTQ |
| 5 000 USDT | 35 648 GTQ |
Where recipients usually get the money in Guatemala
SWIFT: clarify; Description: The country's largest private bank; Guatemala City
SWIFT: clarify; Description: The widest network of branches in departments and rural areas
G&T Continental — a bank focused on everyday accounts and card operations. The recipient should provide the exact details and payout currency.
BAM Banco Agromercantil — a bank with an agricultural profile that typically serves farmers and small businesses through accounts and regional branches.
Scotiabank Guatemala — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National Currency
The national currency is the quetzal (GTQ), with a floating exchange rate.
Card Systems
Visa and Mastercard are the main systems. VISA Débito is widely used on debit cards. Tigo Money and Claro Pay are mobile wallets. CIX (Cámara de Compensación Interbancaria) provides ACH transfers.
Payment Applications
Tigo Money (Millicom) - Guatemala's leading mobile wallet. Claro Pay and banking applications from Banco Industrial, G&T Continental. PagoExpress - a payment aggregator. PayPal is available for some users.
Interbank Transfers
For bank transfers, IBAN GT is used, containing 28 characters (GT + 2 check digits + 4 bank letters + 20 account characters). For an international transfer, you need the recipient's IBAN GT, the bank's SWIFT/BIC, and the recipient's full name.
Financial Regulator
Banco de Guatemala - the central bank and primary financial regulator of the country; located in Guatemala City.
Features for ATM24
Guatemala has not imposed its own sanctions against Russia.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
Real stories from real people
Trustpilot
Everything was great and they exchanged quickly, the only thing is to avoid problems it's better to make the transfer from any bank except Sberbank
Read full reviewTrustpilot
Honest service, very convenient when you don't want to carry a ton of cash with you, my personal manager Alisa responds quite quickly
Read full reviewTransferred from Sberbank, everything took 15 minutes, withdrew successfully at a TTB ATM.
Read full reviewEverything is great, exchanged rubles in Dubai. Thanks to Stanislav.
Read full reviewGreat company! They delivered me baht in 20 minutes. The exchange took about 20 minutes too. A Thai guy drove up, we went into a cafe, I grabbed some water, and just followed the instructions in WhatsApp. My manager was Ekaterina, she responds very quickly, everything clear and to the point. I will use them again! 5 stars, definitely! Awesome service! My bank was Tinkoff.
Read full reviewYandex
Thanks to ATM24 for excellent service! Manager Stanislav sent a detailed instruction and answered all my questions. I will definitely use their service again.
Read full reviewYandex
Thanks to operator Ekaterina, they helped with cash!! I didn’t withdraw all the money from the card at once, I thought I’d be on vacation for 20 days and would withdraw as needed, but in the middle of the trip the bank stopped dispensing cash abroad without warning (Rosselkhozbank UnionPay card) and I had 1000 baht in my pocket to live on for a week)))… thank you, you saved me
Read full reviewWe agree the rate and the payout method before payment — pick where the money goes.
Country not found
We've collected answers about the quetzal, its name and exchange rate, as well as how money in Guatemala reaches recipients outside the capital.
For a transfer to Guatemala in GTQ, ATM24 builds the order around the recipient's payout method on the Guatemala GTQ payout route. The sender sees the route, fee from 0.9%, expected timing from 15 minutes, and final amount before payment; if details change, the calculation is updated. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
A card or bank-account payout in Guatemala in GTQ is possible only when the selected route supports it. ATM24 verifies whether the recipient's card, account number, and name match the Guatemala GTQ payout route. The manager confirms the selected bank, such as Banco Industrial or Bank of Guatemala, before payment because card and account rules may differ. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
ATM24 can check whether a GTQ transfer to Guatemala may go through Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala. The receiving bank must match the recipient details and accept the selected payout route. The manager confirms the bank, account or card format, and final amount before payment.
For Guatemala, ATM24 does not use one universal recipient form for every GTQ transfer. The details are checked by route: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala, card payout, account payout. Name, account/card data, and payout currency must match the selected option. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
A GTQ transfer to Guatemala can start from 15 minutes after ATM24 confirms the recipient route. Timing depends on amount, recipient details, and Guatemala GTQ payout route, Banco Industrial, G&T Continental Bank, Bank of Guatemala, card route, account route, and separate checks for Banco Industrial and Bank of Guatemala. The expected payout window is shown before payment. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
A GTQ transfer to Guatemala through ATM24 has a fee starting from 0.9%, but the useful number is the final amount after the route is checked. ATM24 confirms the Guatemala GTQ payout route, bank such as Bank of Guatemala, exchange conditions, sender's payment method, and payout amount. Any fee charged by the sender's card issuer or bank should be checked separately. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
Yes, ATM24 can calculate a transfer to Guatemala in GTQ where the sender pays by card, bank transfer, USDT, or another available method. ATM24 checks the Guatemala GTQ payout route, payment currency, exchange conditions, bank details such as Banco Industrial or Bank of Guatemala, and the final payout amount. Sender-side card or bank fees are separate from the ATM24 calculation. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
For Guatemala, the minimum GTQ transfer through ATM24 starts from 100 USD or the equivalent. The upper limit is route-based: the manager checks Banco Industrial, G&T Continental Bank, recipient details, payout method, and document requirements before payment. A route through G&T Continental Bank may have different limits than a card or non-bank payout. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
For a large GTQ transfer to Guatemala, ATM24 reviews documents around Guatemala GTQ payout route, Banco Industrial, G&T Continental Bank, recipient-name match, route limit, payment purpose, source-of-funds review, and separate checks for Banco Industrial and Bank of Guatemala. The request may require sender ID, source-of-funds details, recipient bank data, and payment purpose. The manager confirms the exact list before payment. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
If you send 1000 USD to Guatemala, the recipient amount in GTQ is not a generic market-rate number: 7,129.69 GTQ. The calculation uses the payout route, bank such as Bank of Guatemala, fee from 0.9%, and exchange conditions. ATM24 confirms the final amount before the sender pays. Bank-route examples for Guatemala: Banco Industrial, G&T Continental Bank, Bank of Guatemala, Banco del Cafe, and Banco Agromercantil de Guatemala.
Could not find an answer to your question?
Contact support
