Send Money To Mexico

Personal
Business
From
United States Flag
United States
USD
To
Mexico Flag
Mexico
MXN
1 USD equals
20.061 MXN
Updated on November 27, 2020
 
How much to transfer?
$1-$1k
$1k-$10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+
Promo Offer Available
Super low 0.4% margin for new customers referred by iCompareFX. Simply click GO TO SITE and register.

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

Currencies Direct Logo
  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website
$
$
$

low

Fees
84
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card

Features

  • Check Icon
    Forward contracts and limit orders
  • Check Icon
    Scheduled transfers
  • Check Icon
    Travel money solutions for residents of the UK
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Schedule transfers easily
  • Circle Check Icon
    Make use of hedging tools
  • Circle Check Icon
    Accepts customers from most countries
  • Circle Check Icon
    Cannot sign up from all states in the U.S.

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
71
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
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    Mobile airtime and mobile wallets top up
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    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+
Promo Offer Available
Three free transfers for new customers! Check out the WorldRemit promo guide for more info.

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

TransferWise Logo
  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app
$
$
$

low

Fees
75
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Country specific alternatives

Features

  • Check Icon
    Transparent fee structure
  • Check Icon
    Send money to email addresses
  • Check Icon
    Multicurrency account with debit card
  • Check Icon
    Multilingual website & app

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    User friendly mobile app
  • Circle Check Icon
    Multi-currency account
  • Circle Check Icon
    Travel debit card
  • Circle Check Icon
    No scheduled transfers
  • Circle Check Icon
    No dedicated account manager

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      How to send money to Mexico

      How To Step Icon
      Step 1
      Compare and register
      Compare and register
      Review and compare the best companies to send money to Mexico.
      Narrow down on one that suits you most.
      Register as an individual or a business.
      Keep your driver's license or passport close at hand, as you might need to provide proof of ID.
      How To Step Icon
      Step 2
      Check exchange rates and set up your transfer
      Check exchange rates and set up your transfer
      Determine if the existing MXN exchange rate is to your liking.
      Enter the desired transfer amount.
      Begin the process of transferring money to Mexico and lock in the given exchange rate.
      Enter the recipient's Mexican bank account details.
      How To Step Icon
      Step 3
      Make the transfer
      Make the transfer
      Use any of the available payment methods to send funds to the selected company.
      Once the service provider receives your funds, it begins the process of sending money to Mexico.
      Most companies let you track your transfer through notifications and updates.

      Currency symbol and swift codes

      The Mexican peso (MXN) is the official currency of Mexico. Modern-day dollar and peso currencies originated from the Spanish dollar, which is why both continue to use the “$” symbol. One peso is subdivided into 100 centavos. The Mexican peso is the eighth most traded currency in the world, and third most in the Americas.

      If you want to send money to a Mexican bank account, you will need to provide the recipient bank’s SWIFT code. The table below lists SWIFT codes of some popular Mexican banks.

      Bank

      Branch

      Swift Code

      Banco ActinverMexico CityACIOMXMMFND
      Banco AztecaMexico CityAZTKMXMMEKT
      Banco De MexicoMexico CityBDEMMXMM
      Bbva BancomerMexico CityBCMRMXMM

       

      Cash pickup locations in Mexico

      If sending money to Mexico in a hurry is your priority, or if the recipient does not have a bank account, you may transfer funds to a cash pickup location. Prominent overseas money transfer companies such as Azimo and WorldRemit have a physical presence in Mexico. WorldRemit can deliver cash to the following branches in minutes.

      • AirPak Network (Modatelas, Muebles America, Maxilana, Calimax and many more)
      • Farmacias Guadalajara
      • Banco Azteca
      • BBVA Bancomer
      • Bancoppel
      • Garis S.A
      • Grupo Merza
      • Telecomm Telegrafos
      • Pagos Intermex
      • Farmacias del Ahorro

       

      Safety tips for picking up cash in Mexico

      Mexico suffers from high levels of crime and security can be a concern. Remain vigilant when collecting money from a cash pickup location, when exchanging currency at a Bureau de Change, or when withdrawing money from an ATM. Try to locate ones inside malls or shops, and visit them during the day.

      Street crime poses a serious problem in big cities and around tourist areas. As a result, try to keep the cash and cards you carry to a minimum.  Avoid isolated roads when travelling and stick to toll roads. Keep your car doors and windows locked because there have been instances of theft at traffic lights. Exercise caution when travelling on public transport, and keep your belongings in sight at all times. Use authorized taxis instead of unlicensed ones. 

      Drug related violence usually takes place outside of popular tourist areas. However, take time to research your destination.
       

      Send mobile airtime top-up to Mexico

      Sending mobile prepaid credit or airtime top up to friends or relatives in Mexico is simple with WorldRemit. Simply:

      • Register with WorldRemit. Choose Mexico as your destination country.
      • Select Airtime Top Up option. Enter the recipient’s mobile number.
      • Send funds to WorldRemit.

      FAQs

      Can I send money to Mexico with Zelle?

      No. Zelle is not available in Mexico. Zelle allows you to send money to friends and family within the U.S.. Zelle customers must have bank or credit union accounts within the U.S.A. You need to use your email address or U.S. mobile number to register. You may then carry our transfers within minutes, and not days. 

      How to send money to Mexico online?

      Choose an online money transfer company that supports Mexico as a destination country. You may accomplish this easily by using the iCompareFX money transfer comparison tool above. Select the country you are sending money from and all the companies that can send money

      Best way to send money to Mexico

      Transferring money to the receiver's bank account is the best way to send money to Mexico. Usually, this is the most affordable way to carry out your transfer. If the receiver requires the money quickly, or does not have a bank account, sending money to a cash pick-up center might work well for you. However, cash transfers, more often than not, are more expensive than bank account transfers. A number of companies let you send money to Mexican bank accounts including TransferWise, OFX, and WorldRemit.

      Cheapest way to send money to Mexico

      The most cost-effective way to transfer money to Mexico is usually through a bank account transfer. This means paying for the transfer using your bank account, and transferring it to the recipient's Mexican bank account. Paying using a credit or debit card tends to attract an additional fee. Cash transfers are typically more expensive than bank account transfers.

      How can I send money to Mexico fast?

      If you wish to send money to Mexico quickly, you need to select a service provider that lets you make your payment via debit or credit cards, or ones that offer quick region-specific methods such as POLi (Australia) and CHAPS (the UK). Transferwise and Remitly support multiple payment methods and can transfer money to Mexican bank accounts fast.

      If you are in a hurry to transfer money to Mexico, you might consider using the services of companies that carry out cash transfers. These transfers tend to go through in real-time, or on the same day. Some of the companies that offer this service include WorldRemit, Western Union and MoneyGram.

      Can you send money to Mexico through PayPal?

      Yes. PayPal gives you the ability to transfer money to Mexican bank accounts and to cash pick-up centers. You may also use its services to top up mobile phones and to pay bills.

      Does Walmart send money to Mexico?

      You may send money to Mexico through Walmart if you live in the U.S. This is made possible with the Walmart2World service that partners with MoneyGram and Ria. This service lets you send money to more than 200 countries, including Mexico. You may transfer money directly into the recipient's bank account or send it to a cash pick-up location.

      Can I send money to Mexico from Bank of America?

      Yes. You may use the services of Bank of America to send money to Mexico. Customers need to login to Bank of America's online banking platform to get started. Alternatively, they can get the transfer underway by visiting a local Bank of America financial center.

      How much does it cost to send money to Mexico?

      The cost of sending money to Mexico depends on multiple factors such as the exchange rate and the fee you need to pay. Companies typically add a mark-up on the existing market rates. This may vary from around 0.4% with companies such as OFX and WorldFirst, to up to 2% with alternatives such as Western Union and Xoom. Card payments and cash transfers tend to attract higher fees.

      How can I send money to Mexico for free?

      This might depend on the service provider you select. Some companies are known to offer coupons for a limited number of fee-free transfers for new customers. Examples include CurrencyFair and WorldRemit. Some companies also have fee-free thresholds, where you need to transfer a minimum amount to avoid transfer fees.

      In the long run, it is ideal to select a company that uses existing market rates for transfers and charges transparent fees. TransferWise offers the real exchange rate and adds a fee on top. WorldFirst, on the other hand, adds a nominal spread to the existing interbank rate.

      How can I send money from USA to Mexico?

      You may send money from USA to Mexico by using the services of a specialist money transfer company or your bank. However, most banks tend to charge steep fees while providing less than favorable exchange rates. Depending on the company you select, you can send money directly into the recipient's bank account or to a cash pick-up location. Some companies also let you top up Mexican mobile phones and pay Mexican bills.

      Convert USD to MXN

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      MXN
      Sending money online through specialist money transfer companies.

      Expect to receive between MX$1986.04 and MX$1998.07 when sending money from USD to MXN at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately MX$1905.79, not including additional banking fees. That is an average saving of MX$86.26.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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