Western Union is the cheapest way to send money from Canada to Mexico based on the 17 companies we analyzed, giving your recipient 12,644 MXN from $1,000.
| 17 of 17 providers Last updated on 28 September 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/MXN transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $8.55 1 CAD = 12.5458 MXN 0.00% vs mid-market | Recipient gets $12,438.53 Same day | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $8.551 CAD = 12.5458 MXN $12,438.53You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $1.89 1 CAD = 12.2676 MXN +2.24% vs mid-market | Recipient gets $12,267.60 6-12 Hours | |
Ways to receive money in Mexico with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:HSBC, Santander, BBVA Bancomer, Banorte, Citibanamex+3 more $1.891 CAD = 12.2676 MXN $12,267.60You pay$1,001.89 Mobile wallet6-12 HoursAvailable via:Spin By OXXO, Mercado Pago $1.991 CAD = 12.2675 MXN $12,267.50You pay$1,001.99 Cash pickup6-12 Hours $2.991 CAD = 12.2675 MXN $12,267.50You pay$1,002.99 | |||
Run a live search Showing top Canada to Mexico deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to MXN rates. | |||
Run a live search These companies offer multi-currency accounts for spending MXN. We suggest doing a live search based on how much CAD you're planning to spend in Mexico. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 12.6438 MXN -0.78% vs mid-market | Recipient gets $12,644.00 Next Day | |
Ways to receive money in Mexico with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.6438 MXN $12,644.00You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.6438 MXN -0.78% vs mid-market | Recipient gets $12,644.00 Next Day | |
Ways to receive money in Mexico with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.6438 MXN $12,644.00You pay$1,000.00 | |||
 Instarem Pay via Interac | Fees: $0.00 1 CAD = 12.5212 MXN +0.20% vs mid-market | Recipient gets $12,521.20 6-12 Hours | |
Ways to receive money in Mexico with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.5212 MXN $12,521.20You pay$1,000.00 | |||
 TapTap Send Pay via Debit Card | Fees: $0.00 1 CAD = 12.5000 MXN +0.37% vs mid-market | Recipient gets $12,500.00 Minutes | |
Ways to receive money in Mexico with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutesAvailable via:7-Eleven, Bank Pickup, Bodega Aurrera, Chedraui, Coppel+5 more Free1 CAD = 12.5000 MXN $12,500.00You pay$1,000.00 Bank depositMinutes $2.491 CAD = 12.5000 MXN $12,500.00You pay$1,002.49 Mobile walletMinutesAvailable via:Spin by Oxxo $2.491 CAD = 12.5000 MXN $12,500.00You pay$1,002.49 Card depositMinutesAvailable via:Pay To Card $6.831 CAD = 12.5000 MXN $12,500.00You pay$1,006.83 Mobile moneyMinutesAvailable via:Elektra $7.991 CAD = 12.5000 MXN $12,500.00You pay$1,007.99 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 12.4963 MXN +0.40% vs mid-market | Recipient gets $12,496.34 6-12 Hours | |
Ways to receive money in Mexico with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.4963 MXN $12,496.34You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 12.4963 MXN +0.40% vs mid-market | Recipient gets $12,496.34 6-12 Hours | |
Ways to receive money in Mexico with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.4963 MXN $12,496.34You pay$1,000.00 | |||
 Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.4800 MXN +0.53% vs mid-market | Recipient gets $12,480.00 2 Days | |
Ways to receive money in Mexico with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 12.4800 MXN $12,480.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 12.4800 MXN +0.53% vs mid-market | Recipient gets $12,480.00 2 Days | |
Ways to receive money in Mexico with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 12.4800 MXN $12,480.00You pay$1,000.00 | |||
 Koho Pay via Bank Transfer | Fees: $4.92 1 CAD = 12.5400 MXN +0.05% vs mid-market | Recipient gets $12,478.37 Within minutes | |
Ways to receive money in Mexico with Koho when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $4.921 CAD = 12.5400 MXN $12,478.37You pay$1,000.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.4643 MXN +0.65% vs mid-market | Recipient gets $12,464.31 6-12 Hours | |
Ways to receive money in Mexico with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.4643 MXN $12,464.31You pay$1,000.00 | |||
 Currencies Direct Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.4615 MXN +0.67% vs mid-market | Recipient gets $12,461.50 6-12 Hours | |
Ways to receive money in Mexico with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.4615 MXN $12,461.50You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $8.55 1 CAD = 12.5458 MXN 0.00% vs mid-market | Recipient gets $12,438.53 Same day | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $8.551 CAD = 12.5458 MXN $12,438.53You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $14.25 1 CAD = 12.5458 MXN 0.00% vs mid-market | Recipient gets $12,367.02 Within minutes | |
Ways to receive money in Mexico with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $14.251 CAD = 12.5458 MXN $12,367.02You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 12.3300 MXN +1.74% vs mid-market | Recipient gets $12,330.00 2 Days | |
Ways to receive money in Mexico with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 12.3300 MXN $12,330.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 12.3300 MXN +1.74% vs mid-market | Recipient gets $12,330.00 2 Days | |
Ways to receive money in Mexico with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 12.3300 MXN $12,330.00You pay$1,020.00 | |||
 CurrencyFair Pay via Bank Transfer | Fees: $3.94 1 CAD = 12.3591 MXN +1.50% vs mid-market | Recipient gets $12,309.66 6-12 Hours | |
Ways to receive money in Mexico with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $3.941 CAD = 12.3591 MXN $12,309.66You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $19.54 1 CAD = 12.5458 MXN 0.00% vs mid-market | Recipient gets $12,300.66 Within minutes | |
Ways to receive money in Mexico with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $19.541 CAD = 12.5458 MXN $12,300.66You pay$1,000.00 | |||
 Moneycorp Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.2949 MXN +2.00% vs mid-market | Recipient gets $12,294.94 Next Day | |
Ways to receive money in Mexico with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.2949 MXN $12,294.94You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $1.89 1 CAD = 12.2676 MXN +2.24% vs mid-market | Recipient gets $12,267.60 6-12 Hours | |
Ways to receive money in Mexico with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:HSBC, Santander, BBVA Bancomer, Banorte, Citibanamex+3 more $1.891 CAD = 12.2676 MXN $12,267.60You pay$1,001.89 Mobile wallet6-12 HoursAvailable via:Spin By OXXO, Mercado Pago $1.991 CAD = 12.2675 MXN $12,267.50You pay$1,001.99 Cash pickup6-12 Hours $2.991 CAD = 12.2675 MXN $12,267.50You pay$1,002.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $1.89 1 CAD = 12.2676 MXN +2.24% vs mid-market | Recipient gets $12,267.60 6-12 Hours | |
Ways to receive money in Mexico with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:HSBC, Santander, BBVA Bancomer, Banorte, Citibanamex+3 more $1.891 CAD = 12.2676 MXN $12,267.60You pay$1,001.89 Mobile wallet6-12 HoursAvailable via:Spin By OXXO, Mercado Pago $1.991 CAD = 12.2675 MXN $12,267.50You pay$1,001.99 Cash pickup6-12 Hours $2.991 CAD = 12.2675 MXN $12,267.50You pay$1,002.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $1.89 1 CAD = 12.2676 MXN +2.24% vs mid-market | Recipient gets $12,267.60 6-12 Hours | |
Ways to receive money in Mexico with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Bank deposit6-12 HoursAvailable via:BBVA Bancomer, BanCoppel, All Banks, Banorte, Citibanamex+3 more $1.891 CAD = 12.2676 MXN $12,267.60You pay$1,001.89 Mobile wallet6-12 HoursAvailable via:Spin By OXXO, Mercado Pago $1.991 CAD = 12.2675 MXN $12,267.50You pay$1,001.99 Cash pickup6-12 Hours $2.991 CAD = 12.2675 MXN $12,267.50You pay$1,002.99 | |||
| Only available via Mobile App  WorldRemit Pay via Debit Card | Fees: $2.99 1 CAD = 12.2606 MXN +2.30% vs mid-market | Recipient gets $12,223.91 Next Day | |
Ways to receive money in Mexico with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $2.991 CAD = 12.2606 MXN $12,223.91You pay$1,000.00 Cash pickupNext Day $3.991 CAD = 12.2230 MXN $12,174.19You pay$1,000.00 | |||
 RBC Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.1885 MXN +2.89% vs mid-market | Recipient gets $12,188.47 6-12 Hours | |
Ways to receive money in Mexico with RBC when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.1885 MXN $12,188.47You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 12.1844 MXN +2.92% vs mid-market | Recipient gets $12,184.40 Next Day | |
Ways to receive money in Mexico with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.1844 MXN $12,184.40You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 12.1844 MXN +2.92% vs mid-market | Recipient gets $12,184.40 Next Day | |
Ways to receive money in Mexico with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.1844 MXN $12,184.40You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.1844 MXN +2.92% vs mid-market | Recipient gets $12,184.40 Next Day | |
Ways to receive money in Mexico with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 12.1844 MXN $12,184.40You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $34.25 1 CAD = 12.5458 MXN 0.00% vs mid-market | Recipient gets $12,116.11 Within minutes | |
Ways to receive money in Mexico with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $34.251 CAD = 12.5458 MXN $12,116.11You pay$1,000.00 | |||
 Ria Money Transfer Pay via Debit Card | Fees: $1.90 1 CAD = 12.1100 MXN +3.54% vs mid-market | Recipient gets $12,086.99 6-12 Hours | |
Ways to receive money in Mexico with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $1.901 CAD = 12.1100 MXN $12,086.99You pay$1,000.00 Bank deposit6-12 Hours $1.901 CAD = 12.0800 MXN $12,057.05You pay$1,000.00 Mobile wallet6-12 Hours $1.901 CAD = 12.0800 MXN $12,057.05You pay$1,000.00 | |||
 TD Bank Pay via Bank Transfer | Fees: $0.00 1 CAD = 12.0851 MXN +3.74% vs mid-market | Recipient gets $12,085.08 6-12 Hours | |
Ways to receive money in Mexico with TD Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 12.0851 MXN $12,085.08You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $8.99 1 CAD = 12.1844 MXN +2.92% vs mid-market | Recipient gets $12,074.86 Next Day | |
Ways to receive money in Mexico with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $8.991 CAD = 12.1844 MXN $12,074.86You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 12.1100 MXN +3.54% vs mid-market | Recipient gets $11,322.85 6-12 Hours | |
Ways to receive money in Mexico with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $65.001 CAD = 12.1100 MXN $11,322.85You pay$1,000.00 Bank deposit6-12 Hours $65.001 CAD = 12.0800 MXN $11,294.80You pay$1,000.00 Mobile wallet6-12 Hours $65.001 CAD = 12.0800 MXN $11,294.80You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 12.5459 MXN Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Western Union at 12,644 MXN on $1,000.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 6 ways to pay, including bank transfer, debit card, credit card, interac, cash deposit, and bill payment.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
First time round you'll need a photo ID, and often where the money came from.
Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.
How much CAD you send to Mexico heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | -0.68% | $0.00 | $1,265.00with debit card to bank deposit | +$71.59 | |
| $500 | -0.82% | $0.00 | $6,322.00with debit card to bank deposit | +$187.72 | |
| $1,000This page | -0.78% | $0.00 | $12,644.00with debit card to bank deposit | +$337.83 | |
| $10,000 | 0.25% | $0.00 | $125,206.77with bank transfer to bank deposit | +$1,536.30 | |
| $25,000 | 0.25% | $0.00 | $312,701.54with bank transfer to bank deposit | +$3,026.05 | |
| $50,000 | 0.20% | $0.00 | $626,224.29with bank transfer to bank deposit | +$7,204.55 | |
| $100,000 | 0.20% | $0.00 | $1,251,812.86with bank transfer to bank deposit | +$13,199.73 |
Mid-market rate: 1 CAD = 12.5459 MXN
There are 17 companies sending money to India, but how you send depends on your needs.
Most common option
Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.
Bring $1,000 in cash to the closest Western Union location, and your recipient picks up 12,644 MXN within minutes.
Cash transfers cost more
Cash transfer to Mexico is usually the most expensive option, compare your options above to get the best deal.
For transfers home
An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.
Western Union charges $0 in fees and adds -0.78% markup, so your $1,000 delivers 12,644 MXN in next day.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of 17 online companies, Western Union is the cheapest and currently gets you 12,644 MXN on a $1,000 transfer after a $0 fee and -0.78% markup.
Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.
The most expensive way
A wire from your bank carries a $30 to $80 fee, plus another 1.5 to 3% inside the exchange rate that you won't see itemized anywhere.
On a $1,000 transfer, a bank like RBC delivers 12,188.47 MXN, against 12,188.47 MXN with Western Union.
The wire can feel like the safer choice for a big amount, but bank deposit insurance and the safeguards used by money transfer companies are just as safe, just different protections.
For large transfers from Canada
For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.
Brokers like OFX charge no fees but add 0.65% on CAD/MXN interbank rate.
The markup gets lower the more you send, with an account manager handling it end to end.
If you're sending large amounts. expect more questions about the transfers, so have statements and documents ready to avoid delays.
If you already have one
Some neobanks in Canada include international transfers with no transfer fee as part of the account.
Koho sends your $1,000 for $4.92 in fees with 0.05% markup.
It's a good option for small ocasional transfers, but I still suggest .
For businesses paying abroad
Global accounts handle the business side, paying suppliers, contractors and overseas invoices in MXN.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
For spending abroad and getting paid
If part of your life runs in MXN, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.
Currencies Direct lets you hold CAD and MXN, and convert between them at low cost.
For example, converting $1,000 costs $0 in fees at 0.67% markup, which gets you 12,461.5 MXN.
With Western Union, paying by debit card and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 12,644 MXN.
Deposit CAD using bank transfer, debit card, credit card, interac, cash deposit, and bill payment.
I suggest using Interac e-Transfer for simplicity
Follow the company's Interac instructions and check the business name before sending.
Do not send to an email address supplied outside the company's app or website.
The recipient can receive MXN through bank deposit, cash pickup, mobile wallet, card deposit, and mobile money.
For a bank deposit payout, you will need the recipient's bank details in Mexico.
You pay $1,000.00
$12,644
Cheapest
You pay $1,000.00
$12,644
$0
You pay $1,000.00
$12,521
-$123
You pay $1,000.00
$12,500
-$144
You pay $1,002.49
$12,500
-$144
You pay $1,006.83
$12,500
-$144
You pay $1,007.99
$12,500
-$144
You pay $1,000.00
$12,496
-$148
You pay $1,001.89
$12,268
-$376
You pay $1,001.99
$12,268
-$377
You pay $1,002.99
$12,268
-$377
You pay $1,001.99
$12,268
-$377
You pay $1,002.99
$12,268
-$377
You pay $1,000.00
$12,184
-$460
Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.
For a $1,000 transfer to Mexico, these are the cheapest, fastest and easiest options available now.
Best way to send money to Mexico
Western Union is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 12,644 MXN, which is 0.97% more than the next best option.
Fastest way to send money to Mexico
TapTap Send is fastest when you pay by debit card and choose cash pickup for the payout. The transfer delivers 12,500 MXN in minutes.
An Interac e-Transfer cannot go directly to a recipient in Mexico.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
There is no C$10,000 legal cap on electronic transfers from Canada.
A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.
The bank or transfer company makes that report, you do not file it yourself.
But you may be asked for proof of where the money came from.
Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.
Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.
Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.
Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.
If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.
If you live in Quebec, also confirm that it is allowed to provide money services there.
The rate has a direct impact on the MXN amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 12.600192 MXN
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 17 FINTRAC-registered companies sending CAD to Mexico, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
Each goes through our review. More on who we are, why you can trust us and getting started.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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