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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."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"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."
"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."
We found Wise to be the best way to send money to Mexico.
After testing and reviewing 20 money transfer providers servicing Mexico, Wise came out on top.
Wise appeared in 94.1% of searches for MXN transfers and was rated the best option among the 20 providers that support Mexican Peso transfers.
Wise offers quick transfers, adds a 0% markup on MXN transfers, and costs $38.9 in fees.
This makes it the best option for a mix of cost, speed & features for MXN transfers.
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
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 20 leading providers found that:
Revolut was the cheapest in 78.3% of recent searches
Wise consistently delivered the fastest transfers
Wise offered the best MXN exchange rate over the last 6 months
Even if you’ve sent money before, it’s worth comparing again, fees and rates change daily.
Revolut is the cheapest way to send money to Mexico
In the past 6-months, Revolut appeared in 78.3% of our searches as the cheapest money transfer service. We found it to be % cheaper than the next best option.
Revolut charges $0 per transfer and adds a 0.2% 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 Revolut, to get the most out of your MXN transfer.
Fastest way to send money to Mexico: Wise
Our data shows that Wise came up as the fastest way to transfer MXN in 76.2% searches on MoneyTransfers.com over the past six months.
Wise charges $20.71 in fees on average and adds a 0.01% markup, which is also 0% cheaper than the next fastest option.
Pair it with a Bank transfer deposit to get your MXN abroad fast and cheap.
Our ‘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
In our 6-month analysis, Wise ranked as the top-rated money transfer provider in 94.1% of the searches related to Mexico.
They’re highly transparent with fees, charging $38.9 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.
Sending large amounts of MXN to Mexico
Based on our 6-month analysis, Wise consistently ranked as the top choice for large MXN transfers. They charge $38.9 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 -0.01% markup on the USD-MXN exchange rate.
This means you receive 20.259 MXN - -0.01% 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 $2,000 to Mexico (MXN).
After analyzing 20 services supporting MXN, Remitly 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.
For example, using a bank transfer can cost up to $4 , debit cards can go up to $23.34 per MXN transfer, while credit cards can go as high as $0 per transfer to Mexico.
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 20.259 Mexican Peso per US Dollar, with a high of 21.2168 MXN/USD and a low of 19.5398 MXN/USD.
During the past 6-months, 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 -0.01% 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 20 providers, Revolut appeared 3924 times as the cheapest option for bank transfers to Mexico, charging $0 per transfer with a 0.2% markup—% cheaper than the second-best alternative.
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 20 companies serving Mexico, offers the lowest fees for credit card transfers.
CC deposits are usually more expensive when sending Mexican Peso. will charge $0 for a CC transfer vs Revolut charging just $Revolut with a bank transfer.
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 Instarem for debit or prepaid card deposits.
With Instarem, you’ll pay a 0.22% markup on the MXN rate and $0 in fees when depositing money via the card. This is 0% 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.
Money transfer company reviews
Related transfer routes
Send money from Mexico
Keep your money safe
It is safe to send money online to Mexico. The country is regulated by multiple financial regulators, including the National Banking and Securities Commission (CNBV), ensuring the safety of money transfers.
Always choose providers that are regulated by financial authorities and ensure you send money to the recipients you know and trust in Mexico.
If you don’t know what the key regulatory bodies are in Mexico, please refer to our directory of financial regulators worldwide.
FAQs
Find answers to the most common questions on our dedicated FAQ page.
