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Send money to Mexico
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"Currencyflow is a modern FX broker backed by industry veterans with 30+ years of currency trading experience. Contact the UK-based team for a free quote."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
How to get the best rate when sending money to Mexico
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best MXN rates.
- Choose a provider
Select the provider that offers you the most MXN and fits your needs.
- Click, sign up & transfer
Follow the steps & make your transfer. Your MXN will soon be on the way.
About money transfers to Mexico
We found Wise to be the best way to send money to Mexico.
After testing and reviewing 16 money transfer providers servicing Mexico, Wise came out on top.
Wise offers quick transfers, adds a 0% markup on MXN transfers, and costs $46.14 in fees.
This makes it the best option for a mix of cost, speed & features for MXN transfers.
Key Currency is the cheapest way to send money to Mexico
Key Currency charges $0 per transfer and adds a 0.25% markup on top of the Mexican Peso exchange rate.
bank transfer is the cheapest funding option when sending money to Mexico. Pair it together with Key Currency, to get the most out of your MXN transfer.
Fastest way to send money to Mexico: Wise
Our data shows that Wise is the fastest way to transfer MXN right now.
With Wise, the transfer time to Mexico is within minutes (for a $7,000 transfer).
Wise charges $46.14 in fees on $7,000 transfer and adds a 0% markup.
The ‘fastest’ way to transfer money to Mexico includes the transfer amount, deposit method, and transfer and withdrawal times.
The easiest way to send money to Mexico: Wise
They’re highly transparent with fees, charging $46.14 per transfer with a 0% markup on the MXN mid-market rate.
With multiple deposit and withdrawal options and reliable customer service, getting started with Wise takes less than 10 minutes, making it a fast, cheap, and user-friendly option.
Consider this before sending money to Mexico
Mexico is the top destination for remittances from the U.S., with billions transferred annually, and the tools you use can dramatically affect how much MXN your recipient receives.
Our analysis of 16 leading providers found that:
Key Currency is the cheapest
Wise consistently delivered the fastest transfers
Wise offers the best MXN exchange rate
Even if you’ve sent money before, it’s worth comparing again, fees and rates change daily.
Sending large amounts of MXN to Mexico
Wise consistently ranked as the top choice for large MXN transfers. They charge $46.14 per transfer to Mexico and apply only a 0% markup on the MXN exchange rate.
Whether you’re purchasing property, paying tuition fees in MXN, planning a wedding in Mexico, or making business payments, Wise ensures a smooth and secure process.
When sending large amounts of Mexican Peso to Mexico, consider factors like transfer limits, markup on the MXN rate, customer service, and any legal, tax, or government-imposed restrictions in Mexico.
The costs of sending money to Mexico
The cost of MXN transfers depends on where your location, amount, funding and withdrawal methods, transfer fees, and the markup added on top of the MXN exchange rate.
Exchange rate markup
The exchange rate markup is the percentage added to the mid-market rate (the "real" MXN rate) by the service provider.
For example, Wise offers one of the best exchange rates by applying a 0% markup on the USD-MXN exchange rate.
This means you receive 18.5775 MXN - 0% for every US Dollar sent.
Transfer fees
Transfer fees to Mexico can be either fixed, percentage-based, or a combination of both.
Suppose you want to send $7,000 to Mexico (MXN).
After analyzing 16 services supporting MXN, Key Currency appears to have the lowest fee of $0 per transfer to Mexico.
Deposit method
The way you fund your MXN transfers can significantly affect the cost.
bank transfer is the overall cheapest deposit method for sending money to Mexico.
How to get the best MXN exchange rate for transfers to Mexico
An exchange rate represents the value of the Mexican Peso (MXN) relative to another currency. Since it fluctuates continuously, the rate you get directly affects the amount of MXN you receive.
Recent trends in MXN exchange rates:
The average rate was 18.5775 Mexican Peso per US Dollar, with a high of 18.6888 MXN/USD and a low of 18.5389 MXN/USD.
During the past week, the MXN/USD exchange rate experienced some fluctuations. Ensuring you exchange or convert money at a higher rate would result in more MXN received.
Wise is our top recommendation for sending MXN as it offers an exchange rate that is 0% above the mid-market rate, which is 0% cheaper than the next best option.
Secure the best MXN exchange rates with our rate alerts
Sign up for our rate alerts, and we'll notify you when it’s the best time to send MXN!
Payment methods available for money transfers to Mexico
The way you fund your transfer to Mexico will impact the speed, cost, and amount of MXN your recipient receives.
Bank transfers
Bank transfer deposits are a common and reliable funding method for sending MXN, offered by most services covering Mexico.
While bank transfers are typically more affordable, it may take up to 3 business days for the MXN to arrive in Mexico.
In our testing of 16 providers, Key Currency appeared as the cheapest option for bank transfers to Mexico, charging $0 per transfer with a 0.25% markup (0.01% cheaper than the next cheapest money transfer company).
Avoid using wire transfers to Mexico over the SWIFT network, as they are slower and more expensive due to the bank intermediaries on the way to Mexico. Instead, choose ACH or your local network option.
Credit cards
A credit card deposit is another option for MXN transfers.
Based on our comparison of 16 companies serving Mexico, there are a few available options.
To get the best deal, we recommend running a live comparison as CC transfer fees and rates can vary a lot depending on where you are.
CC deposits are usually more expensive when sending Mexican Peso, so if you can, opt for a bank transfer deposit or a debit card deposit.
Money transfer to Mexico is an international transaction.
Your credit card company may apply a cash advance fee and higher interest rates for international payments to Mexico. We recommend avoiding credit cards when sending money to Mexico.
Debit and prepaid cards
Debit cards are typically faster but more expensive than bank deposits, with most MXN transfers completed within a few hours.
We recommend using Paysend for debit or prepaid card deposits.
With Paysend, you’ll pay a 1.05% markup on the MXN rate and $0 in fees when depositing money via the card. This is 0.28% cheaper than using the next cheapest option for transferring money to Mexico.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available in Mexico.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money to Mexico.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to find the best service for your needs when sending money to Mexico
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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FAQs
Find answers to the most common questions on our dedicated FAQ page.
