With a $5.99 monthly MAJORITY membership, sending money to Venezuela has no hidden fees: the bolívar bank transfer is fee-free, and USD cash pickup has a clear $1.50 plus 6% fee you see before you confirm.
Quick answer
The membership is a flat $5.99 per month. From there, the two ways to send to Venezuela price differently, and both are shown upfront. A bank transfer in bolívares (VES) to a supported Venezuelan bank is fee-free at the member tier, no matter how often or how much you send. USD cash pickup at Italcambio carries a $1.50 plus 6% fee, which is $7.50 on a $100 send, $13.50 on $200, and $19.50 on $300. You see the live exchange rate and the exact fee before each transfer is confirmed, so nothing is hidden, and your recipient usually receives the money in under 1 hour.
What you need to know
- The membership is a flat $5.99 per month. That cost is the same whether you send to Venezuela once, ten times, or not at all.
- The bolívar bank transfer is fee-free at the member tier, regardless of how many transfers you make or the amount of each one.
- USD cash pickup at Italcambio carries a $1.50 plus 6% fee. On the fixed amounts, that is $7.50 for $100, $13.50 for $200, and $19.50 for $300.
- Both the exchange rate and any fee are shown in the app before you confirm each transfer, so there are no hidden charges added after you press send.
- Most Venezuela transfers are completed in under 1 hour, with longer processing possible during weekends or Venezuelan bank holidays.
What "no hidden fees" actually means here
The phrase "no hidden fees" can mean different things at different providers, so the specifics matter. With MAJORITY, "no hidden fees" means every cost is shown to you before you confirm a transfer, not that the whole service is free. The two delivery methods price like this:
- Bolívar bank transfer: fee-free. Inside the supported route to Venezuela, a bank transfer in bolívares to a supported Venezuelan bank carries no per-transfer fee on top of the membership. Sending $100 to your family in Caracas does not add a transfer fee to the cost.
- USD cash pickup: a clear $1.50 plus 6% fee. If you choose cash pickup in US dollars at Italcambio, the fee is $1.50 plus 6% of the amount sent. On the fixed send amounts, that works out to $7.50 for $100, $13.50 for $200, and $19.50 for $300. You see this fee before you confirm.
- The exchange rate is set at the moment of conversion. The USD-to-VES rate is the rate the app quotes when you confirm the transfer, and that rate is visible before you press confirm.
The membership covers more than Venezuela transfers. It also includes the FDIC-insured account with the MAJORITY Visa® Debit Card, mobile top-ups to Venezuelan carriers including Cantv, Movilnet, Movistar, and Digitel, and the international calling features documented on the product pages. The fee-free bolívar bank transfer is the lead money-transfer surface this article addresses, with USD cash pickup as the clearly priced alternative.
How the two delivery methods compare
Which method costs less depends on what your recipient needs: bolívares in a Venezuelan bank account, or US dollars in cash.
| Delivery method | What you pay | When it tends to fit |
|---|---|---|
| Bank transfer in bolívares (VES) | No per-transfer fee at the member tier, on top of the $5.99 monthly membership | If your recipient has a Venezuelan bank account and wants bolívares deposited directly |
| USD cash pickup at Italcambio | A $1.50 plus 6% fee, shown before you confirm ($7.50 on $100, $13.50 on $200, $19.50 on $300) | If your recipient needs US dollars in cash and prefers to collect in person |
The bolívar bank transfer is built for predictability. You know on the 1st of the month exactly what the next 30 days of bolívar transfers will cost in fees: nothing on top of the $5.99 you already paid for the membership. USD cash pickup carries a fee, but that fee is a published number you see before you send, not a charge that surfaces afterward.
If you send $200 to Venezuela four times a month as a bolívar bank transfer, the $5.99 membership spreads to about $1.50 per transfer in fees. The same $200 sent as USD cash pickup carries a $13.50 fee each time. The fee-free method pays off as transfer frequency goes up, and the cash-pickup fee is always shown upfront so you can choose with full information.
What bolívar bank transfers to Venezuela cover
The bolívar bank transfer deposits bolívares directly into a Venezuelan bank account. The supported bank list, drawn from public product documentation, includes:
- Banco de Venezuela
- Banesco
- Banco Provincial
- Banco Mercantil
- Banco Nacional de Crédito
- Banco Fondo Común (BFC)
- Banco del Tesoro
- Bancaribe
- Banplus Banco Universal
- Banco Exterior
- Banco Caroní
- 100% Banco
- Banco Activo
- Banco Sofitasa
- Banco Occidental de Descuento (BOD)
- BANFANB
- DelSur
- And other supported institutions visible in the app
Most transfers by this method are completed in under 1 hour. Delivery can take longer during Venezuelan weekends or bank holidays. Your recipient needs a Venezuelan bank account at one of the supported institutions and the account details you enter into the app, including the account number and the recipient's ID information as required by the receiving bank.
Why the pricing is built for transparency
Some providers split the cost into two parts that are not always visible at the same time: a headline per-send fee and the exchange-rate margin baked into the USD-to-VES conversion. A "no-fee promo" rate on the first transfer can be different from the rate on the second transfer, and the standard fee can be different from the promo fee.
MAJORITY is built to surface the cost upfront. You pay $5.99 once a month. The bolívar bank transfer carries no per-send fee on top of that. USD cash pickup carries a $1.50 plus 6% fee, and that exact amount is shown before you confirm. The USD-to-VES exchange rate is shown in the app before you confirm each transfer, so the amount your recipient will receive is the number you decide on, not a number that changes after you press send.
This is the "no hidden fees" approach: every cost, whether it is the membership, the fee-free bolívar transfer, or the $1.50 plus 6% cash-pickup fee, is visible before you commit. Whether a method works out cheaper for you depends on what your recipient needs, as the table above shows, but the cost is always shown in advance.
What to do next
- Decide whether your recipient wants bolívares in a Venezuelan bank account or US dollars in cash. That choice determines which fee applies.
- If you choose a bolívar bank transfer, check whether your recipient's Venezuelan bank is on the supported list above (or visible in the app once you sign in).
- Confirm your own eligibility to open the account. Venezuelan members can sign up with a Venezuelan passport, a prórroga del pasaporte, an expired Venezuelan passport up to 10 years past the expiration date, or a US passport or driver's license. No US Social Security Number is required to open the account.
- Once you sign up, enter the recipient's details in the app, review the live USD-to-VES rate, the exact fee for your chosen method, and the estimated delivery time on the confirmation screen, then confirm the transfer.
How MAJORITY can help
MAJORITY is the financial membership for migrants in the US. Sending to Venezuela at the member tier covers fee-free bolívar bank transfers to the supported Venezuelan banks, USD cash pickup at Italcambio for a clear $1.50 plus 6% fee, mobile top-ups to Cantv, Movilnet, Movistar, and Digitel, and the live USD-to-VES exchange rate visible in the app before each transfer is confirmed.
For other angles on sending money to Venezuela, see these related articles:
- How to send money to Venezuela quickly and reliably: a process-focused guide to setting up your first Venezuela transfer
- How to open a bank account in the United States as a Venezuelan: account-eligibility detail for the Venezuelan community
- Step-by-step guide to obtaining your Venezuelan passport from the US: the immigration paperwork side of sending money home
- Why is it a good time to send money to Venezuela?: timing and exchange-rate context
Frequently asked questions
Can I send money to Venezuela with no hidden fees?
Yes. With MAJORITY, every cost is shown before you confirm. A bolívar bank transfer to a supported Venezuelan bank is fee-free at the member tier of the $5.99/month membership. USD cash pickup at Italcambio carries a clear $1.50 plus 6% fee, shown before you send. Nothing is added after you confirm.
How does the $5.99 membership work for Venezuela transfers?
You pay a flat $5.99 per month for the membership. At the member tier, a bank transfer in bolívares (VES) to a supported Venezuelan bank is included with no additional per-transfer fee. USD cash pickup at Italcambio carries a $1.50 plus 6% fee. The exchange rate and any fee are visible in the app before you confirm.
How much does USD cash pickup to Venezuela cost?
USD cash pickup at Italcambio carries a $1.50 plus 6% fee on the amount sent. On the fixed send amounts, that is $7.50 for $100, $13.50 for $200, and $19.50 for $300. The fee is shown in the app before you confirm the transfer.
How long does a Venezuela bank transfer take?
Most bolívar bank transfers to a Venezuelan bank are completed in under 1 hour. Delivery may take longer during Venezuelan weekends or bank holidays.
Which Venezuelan banks can I send a bolívar transfer to?
Supported banks include Banco de Venezuela, Banesco, Banco Provincial, Banco Mercantil, Banco Nacional de Crédito, Banco Fondo Común (BFC), Banco del Tesoro, Bancaribe, Banplus Banco Universal, Banco Exterior, Banco Caroní, 100% Banco, Banco Activo, Banco Sofitasa, Banco Occidental de Descuento (BOD), BANFANB, DelSur, and other supported institutions. The current list is visible in the app.
What IDs can Venezuelan members use to sign up in the US?
You do not need a US Social Security Number to open the account. Accepted IDs for Venezuelan members include a Venezuelan passport, a prórroga del pasaporte venezolano, an expired Venezuelan passport (up to 10 years past the expiration date), and a US passport or driver's license.
Are there hidden fees on Venezuela transfers?
No. The bolívar bank transfer to a supported Venezuelan bank is fee-free at the member tier. USD cash pickup at Italcambio carries a $1.50 plus 6% fee that is shown before you confirm. The USD-to-VES exchange rate is the rate the app quotes at the moment of conversion, and both the rate and any fee are visible before you confirm each transfer.
Disclosures
The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. Non-deposit products or services such as money transfers and telecom services are not FDIC-insured.
MAJORITY Visa® Debit Card is issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.