Payment rail · Ecuador
Payment rail · EcuadorWhat is SPI?
SPI — the Sistema de Pagos Interbancarios — is Ecuador’s interbank transfer system, administered by the Banco Central del Ecuador, channelling US-dollar payments between accounts at the country’s banks, cooperatives, and mutualists. Poplin pays out to Ecuador over SPI, settling the same business day at the latest.
Source: Banco Central del Ecuador (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Ecuador clears over
SPI
settles the same business day · 0.5% + $1.00 on a business account
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over SPI — and what Poplin charges to send.
Settlement
Same day
a ceiling, not the typical time
Reaches
1
country — Ecuador
Paid out in
USD
US dollar
Business fee
0.5%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How SPI payouts move.
From your US-dollar balance to an account in Ecuador — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Dollars stay dollars
SPI pays out in US dollars, so nothing converts — no rate, no markup.
Cleared over SPI
Poplin clears the payout over SPI, Ecuador’s interbank payment system.
Arrives inside the window
SPI settles the same business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where SPI reaches.
Ecuador
The one country Poplin pays out to over SPI, in US dollars.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
// related rails
Other schemes that can clear same or next day.
SPI — FAQ
Basics
What is SPI?
SPI — the Sistema de Pagos Interbancarios — is Ecuador’s interbank transfer system, administered by the Banco Central del Ecuador, channelling US-dollar payments between accounts at the country’s banks, cooperatives, and mutualists. Poplin pays out to Ecuador over SPI, settling the same business day at the latest.
Speed
How long do SPI payouts take?
Over SPI, Poplin payouts settle the same business day. Payments leave your account in seconds; SPI then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money over SPI with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. SPI pays out in US dollars, so nothing converts at Poplin — no rate, no markup.
Coverage
Which countries does Poplin reach over SPI?
SPI is how Poplin pays out to Ecuador, in USD.
Send US dollars to Ecuador over SPI.
Open a US-dollar account in minutes. No monthly fees.