BOB to MXN Currency Transfers
Mexico often qualifies as one of the top 3 remittance-receiving countries in the world, with billions of dollars worth of money transfers sent to the country each year. Despite being so closely connected to the United States, Mexican Pesos is the legal tender, although US Dollars are often accepted. When making your money transfer from Bolivia to Mexico it is crucial to identify how the size of your transfer, payment type and delivery time will affect the overall cost. Our comparison engine is an excellent resource for anyone unsure of what exchange rate to expect for BOB to MXN.
Best Providers for Sending Money to Mexico from Bolivia
When considering how to send money Mexico from Bolivia there are some key aspects of the transfer that will impact the best provider for your needs.
There are plenty of international money transfer providers for Bolivia to Mexico. The fastest provider is . The cheapest provider we found is at Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using when sending BOB – MXN.
This means that by using for online money transfers to Mexico from Bolivia, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access for any reason, our comparison engine has found also to be very good options when sending BOB to MXN.
If you are looking to make an international transfer, in some cases you might need to know the SWIFT/BIC code of your recipient in Mexico. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in Mexico.
The cheapest way to send money from Bolivia to Mexico
The cost of transferring money will depend on the value of the transaction and amount of MXN you want the recipient in Mexico to receive.
In order to avoid high fees, you should consider the cheapest way to send money from Bolivia to Mexico.
has been determined by our comparison engine to be currently offering you the cheapest rates possible.
The fastest way to send money from Bolivia to Mexico
When sending money from Bolivia to Mexico, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers, particularly if you want to send money instantly. Currently, is the fastest way to send BOB – MXN.
What payment methods are available when sending money from Bolivia to Mexico?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Mexico from Bolivia using credit card
To avoid high fees you can opt to use an online money transfer provider such as to pay for your transfer to Mexico. Our guide on sending money using a credit card has more information.
Sending money to Mexico from Bolivia using a debit card
With you can send money online to Mexico using your debit card. But before making a payment, make sure you understand all the processing fees in place. Our guide on sending money using a debit card has more information.
Using a wire transfer to send money from Bolivia to Mexico
Bank and international wire transfers are the most common ways of sending money Mexico as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to Mexico from Bolivia using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. If you do decide to make an international transfer using wire transfer, you might be required to use a SWIFT/BIC code when completing your transaction. If you’re unsure of what it is, check out our guide on what is a SWIFT code as well as use our SWIFT code calculator to find the right SWIFT/BIC code.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as .
Considerations for a BOB to MXN Currency Transfer
Before sending money to Mexico from Bolivia, you should consider the following:
- The amount you want to transfer: It is likely that the more money you send to Mexico the more value you will get and more MXN the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
- The BOB – MXN exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 3.140014 and the lowest exchange rate margin is currently offered by at above the mid market rate.
- Hidden fees & charges: Before sending money to Mexico, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers , and will give insight here.
How to send money from Bolivia to Mexico at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send BOB to MXN. After that it’s just a process of making your transfer via the following steps:
- Click “Visit Site” inside our comparison table
- Register for an account if required
- Input how much you are willing to send
- Fund your transfer
- Receive & save an email confirming your transfer
How to receive transfers from BOB to MXN in Mexico?
Your recipient has a few methods available to receive your money in Mexico. These will vary between providers, but it is possible to find services that will:
- Deposit MXN directly into a bank account
- Enable the recipient to pick up cash a specific locations across Mexico
- Deliver money directly to their door
- Send MXN to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Mexico, then they will usually need the following:
- A government issued I.D document
- The money transfer reference number
- Senders details and the amount of money sent
How much money can be transferred from Bolivia to Mexico?
The amount of MXN you can receive from Bolivia will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of MXN that can be received in Mexico or sent from Bolivia before making your transfer.
What money transfer providers do you recommend for sending money to Mexico?
Some of the top transfer providers supporting international remittances to Mexico include WorldRemit, PaySend, and Wise. Each of these providers offer multiple transfer types: Wise specialises in bank transfers, PaySend facilitates money transfers via mobile top-up and WorldRemit supports cash pick-ups at thousands of locations. Varying fee structures and markups on the exchange rate apply from provider to provider which is why we encourage our customers to always compare transfer operators. According to our comparison engine, the top ranking money transfer company for sending money from Bolivia to Mexico is .
What is the most popular method of payment sent to Mexico?
Cash pick-up is a popular option with many Mexican recipients and we recommend Remitly for this type of money transfer. Remitly offers competitive exchange rates as well as safe and secure delivery to over 20,000 locations in Mexico. These pick-up locations include 3,133 in Mexico City, 1,022 in Tijuana and 1,087 in Monterrey. The money transfer reference number will be required upon collection of a Remitly cash transfer and Mexican citizens will need to bring the money transfer reference number as well as their driver’s license, passport or Credencial de Elector identification card; non-Mexican citizens can use their passport.
Which banking institutions are the biggest in Mexico?
BBVA Mexico is the largest Mexican bank, followed by Banco Santander Mexico and Banorte. All three banks offer international money transfer services but these are infamously expensive when compared to services provided by . Our Expat Guide to Moving to Mexico provides information about setting up a Mexican bank account as well as further alternative options for sending money to Mexico from Bolivia.
Are money transfers services regulated?
Yes. All our listed companies dealing with overseas money transfers must be authorised with their relevant regulatory body.
Can I send money with MoneyTransfers.com?
No. MoneyTransfers.com is a comparison website aiming to match you with the best money transfer providers for your needs when transferring money online.
What do we mean by the top provider?
The top provider is the money transfer service that we believe is the most suitable for the country you’re sending money to. In order to keep our service free we factor in the commercial agreements we have with partners into this ranking.
How do we choose providers to display?
We make sure that each table displays the most relevant brands to the country you are sending money to and from. We consider many factors when choosing the providers to display in the table.All of the providers we display are fully regulated to provide money transfer services in the jurisdiction you are searching, relevant regulatory authorities are the FCA, ASIC, Fincen, FINTRAC & AMF. Alongside being regulated the services are manually checked by our team for both quality of service and online trust from such platforms like Trustpilot and Google reviews.We base our rankings primarily on the quality of the service provided, the benefit to the consumer and to keep our service free – the commercial agreements we have.
How do we order our comparisons?
We are affiliated with some of the partners displayed in the tables. However, the order of the providers is based on the quality of the service for the particular country corridor followed by the commercial agreement in place. You don’t pay any extra and the deal you get isn’t affected by our commercial agreement with the money transfer provider. We may receive a commission when you click through to a listing or when you make a transaction.We aim to find the balance between the quality of the service, customer satisfaction and the commercial agreements we have, and continue comparing services in a transparent way.If you have any questions about our listings, please don’t hesitate to email us at contact@moneytransfers.com
Why do different companies offer different rates?
Simply put, they have different business models. There are many different online providers and each will have a different business model creating a variance in fees.
My favourite company is not listed, why is that?
Contact us and let us know! If you’ve been using another company to send money online that we haven’t listed yet, contact us at contact@moneytransfers.com and let us know. We will make sure to review your suggestion.
What do I do if I need help?
Contact us. If you’re struggling to make a decision or unsure about using any of these services, feel free to contact us at contact@moneytransfers.com with any enquiries you have and we will get back to you ASAP.