We compared 15 companies sending money from the United States to Mexico. Revolut (P2P Transfer) is the best and cheapest, while Revolut is the fastest.
Sending $7,000 with Revolut (P2P Transfer) gets your recipient 130,756.85 MXN at 18.6795 MXN per USD.
| 15 of 15 providers Last updated on 28 October 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/MXN transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $41.93 1 USD = 18.6803 MXN 0.00% vs mid-market | Recipient gets $129,978.84 Within minutes | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $41.931 USD = 18.6803 MXN $129,978.84You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 18.5188 MXN +0.86% vs mid-market | Recipient gets $129,631.60 Minutes - 24 hours | |
Ways to receive money in Mexico with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 18.5188 MXN $129,631.60You pay$7,000.00 | |||
Run a live search Showing top United States to Mexico deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Mexico. | |||
Run a live search These are managed services with real human support for large USD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Fast and no fee transfers between Revolut accounts  Revolut (P2P Transfer) Pay via Bank transfer | Fee $0.00 1 USD = 18.6795 MXN 0.00% vs mid-market | Recipient gets $130,756.85 Minutes | |
Ways to receive money in Mexico with Revolut (P2P Transfer) when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes Free1 USD = 18.6795 MXN $130,756.85You pay$7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee $0.00 1 USD = 18.6329 MXN +0.25% vs mid-market | Recipient gets $130,429.96 Minutes - 3 days | |
Ways to receive money in Mexico with Key Currency when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Free1 USD = 18.6329 MXN $130,429.96You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 18.6291 MXN +0.27% vs mid-market | Recipient gets $130,403.81 Minutes - 24 hours | |
Ways to receive money in Mexico with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 18.6291 MXN $130,403.81You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 18.5862 MXN +0.50% vs mid-market | Recipient gets $130,103.07 Minutes - 24 hours | |
Ways to receive money in Mexico with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 18.5862 MXN $130,103.07You pay$7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee $0.00 1 USD = 18.5698 MXN +0.59% vs mid-market | Recipient gets $129,988.60 Minutes - 24 hours | |
Ways to receive money in Mexico with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 18.5698 MXN $129,988.60You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $41.93 1 USD = 18.6803 MXN 0.00% vs mid-market | Recipient gets $129,978.84 Within minutes | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $41.931 USD = 18.6803 MXN $129,978.84You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 18.5188 MXN +0.86% vs mid-market | Recipient gets $129,631.60 Minutes - 24 hours | |
Ways to receive money in Mexico with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 18.5188 MXN $129,631.60You pay$7,000.00 | |||
 TapTap Send Pay via Debit card | Fee $0.00 1 USD = 18.5100 MXN +0.91% vs mid-market | Recipient gets $129,570.00 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 USD = 18.5100 MXN $129,570.00You pay$7,000.00 Bank depositMinutes $1.991 USD = 18.5100 MXN $129,570.00You pay$7,001.99 Mobile walletMinutesAvailable via:Spin by Oxxo $1.991 USD = 18.5100 MXN $129,570.00You pay$7,001.99 Card depositMinutesAvailable via:Pay To Card $5.001 USD = 18.5100 MXN $129,570.00You pay$7,005.00 Mobile moneyMinutesAvailable via:Elektra $5.991 USD = 18.5100 MXN $129,570.00You pay$7,005.99 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $40.50 1 USD = 18.6036 MXN +0.41% vs mid-market | Recipient gets $129,472.03 Within minutes | |
Ways to receive money in Mexico with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $40.501 USD = 18.6036 MXN $129,472.03You pay$7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| $0 fee on first online transfers  MoneyGram Pay via Bank transfer | Fee $3.99 1 USD = 18.4880 MXN +1.03% vs mid-market | Recipient gets $129,416.00 Minutes - 24 hours | |
Ways to receive money in Mexico with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $3.991 USD = 18.4880 MXN $129,416.00You pay$7,003.99 Mobile walletMinutes - 24 hoursAvailable via:Spin By OXXO, Mercado Pago $1.701 USD = 18.4626 MXN $129,238.20You pay$7,001.70 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $74.991 USD = 18.4467 MXN $129,126.90You pay$7,074.99 Bank depositMinutes - 24 hoursAvailable via:Banco Azteca, BanCoppel, HSBC, Santander, BBVA Bancomer+3 more $1.901 USD = 18.4363 MXN $129,054.10You pay$7,001.90 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $7.99 1 USD = 18.4880 MXN +1.03% vs mid-market | Recipient gets $129,416.00 Minutes - 24 hours | |
Ways to receive money in Mexico with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $7.991 USD = 18.4880 MXN $129,416.00You pay$7,007.99 Mobile walletMinutes - 24 hoursAvailable via:Mercado Pago, Spin By OXXO $1.991 USD = 18.4626 MXN $129,238.20You pay$7,001.99 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card $1.991 USD = 18.4467 MXN $129,126.90You pay$7,001.99 Bank depositMinutes - 24 hoursAvailable via:All Banks, Banorte, Citibanamex, BBVA Bancomer, Banco Azteca+3 more $3.991 USD = 18.4363 MXN $129,054.10You pay$7,003.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $179.99 1 USD = 18.4880 MXN +1.03% vs mid-market | Recipient gets $129,416.00 Minutes - 24 hours | |
Ways to receive money in Mexico with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $179.991 USD = 18.4880 MXN $129,416.00You pay$7,179.99 Mobile walletMinutes - 24 hoursAvailable via:Mercado Pago, Spin By OXXO $210.001 USD = 18.4626 MXN $129,238.20You pay$7,210.00 Bank depositMinutes - 24 hoursAvailable via:Santander, HSBC, BanCoppel, All Banks, Banorte+3 more $177.991 USD = 18.4363 MXN $129,054.10You pay$7,177.99 | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 18.5188 MXN +0.86% vs mid-market | Recipient gets $128,983.44 Minutes - 24 hours | |
Ways to receive money in Mexico with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $35.001 USD = 18.5188 MXN $128,983.44You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fee $11.99 1 USD = 18.4219 MXN +1.39% vs mid-market | Recipient gets $128,953.30 Minutes - 24 hours | |
Ways to receive money in Mexico with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $11.991 USD = 18.4219 MXN $128,953.30You pay$7,011.99 | |||
 Moneycorp Pay via Bank transfer | Fee $0.00 1 USD = 18.4180 MXN +1.40% vs mid-market | Recipient gets $128,926.25 Minutes - 2 days | |
Ways to receive money in Mexico with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 USD = 18.4180 MXN $128,926.25You pay$7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee $3.94 1 USD = 18.4121 MXN +1.44% vs mid-market | Recipient gets $128,811.05 Minutes - 24 hours | |
Ways to receive money in Mexico with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $3.941 USD = 18.4121 MXN $128,811.05You pay$7,000.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee $2.99 1 USD = 18.2796 MXN +2.16% vs mid-market | Recipient gets $127,902.33 Minutes - 2 days | |
Ways to receive money in Mexico with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 days $2.991 USD = 18.2796 MXN $127,902.33You pay$7,000.00 Bank depositMinutes - 2 days $1.991 USD = 18.2609 MXN $127,789.82You pay$7,000.00 | |||
 Chase Pay via Bank transfer | Fee $0.00 1 USD = 18.2123 MXN +2.53% vs mid-market | Recipient gets $127,486.08 | |
Ways to receive money in Mexico with Chase when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 18.2123 MXN $127,486.08You pay$7,000.00 | |||
 Wells Fargo Pay via Bank transfer | Fee $0.00 1 USD = 18.1139 MXN +3.07% vs mid-market | Recipient gets $126,797.10 | |
Ways to receive money in Mexico with Wells Fargo when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 18.1139 MXN $126,797.10You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 18.5188 MXN +0.86% vs mid-market | Recipient gets $125,742.65 Minutes - 24 hours | |
Ways to receive money in Mexico with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 18.5188 MXN $125,742.65You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 18.6795 MXN Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Revolut (P2P Transfer) is the best option.
Revolut (P2P Transfer) was the cheapest on 30 of the 30 days it quoted $7,000 transfers to Mexico.
For recurring transfers, I'd suggest using an app or a multi-currency account with Wise.
For large transfers, a broker like Key Currency is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
You have 4 ways to pay for your transfer to Mexico, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
How much USD 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.
Our analysis shows Revolut (P2P Transfer) was the cheapest in 97% of the transfers from $5,000 it quoted, and in 77% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $500 | -1.49% | $0.00 | $9,481.00with paypal to mobile wallet | +$292.94 | |
| $1,000 | -1.51% | $0.00 | $18,962.00with paypal to mobile wallet | +$494.49 | |
| $2,000 | -0.27% | $0.00 | $37,460.00with remitly wallet to cash pickup | +$650.53 | |
| $5,000 | 0.00% | $0.00 | $93,396.49with bank transfer to bank deposit | +$1,232.30 | |
| $7,000This page | 0.00% | $0.00 | $130,756.85with bank transfer to bank deposit | +$1,647.60 | |
| $10,000 | 0.00% | $0.00 | $186,811.15with bank transfer to bank deposit | +$2,351.95 | |
| $50,000 | 0.00% | $0.00 | $932,634.95with bank transfer to bank deposit | +$8,424.40 | |
| $100,000 | 0.00% | $0.00 | $1,865,609.50with bank transfer to bank deposit | +$16,402.48 | |
| $250,000 | 0.00% | $0.00 | $4,671,200.00with bank transfer to bank deposit | +$44,488.95 |
Mid-market rate: 1 USD = 18.6795 MXN
The cheapest way to send USD to MXN can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Revolut (P2P Transfer)), across 30 days of comparisons for 7,000 USD transfers to Mexico.
Wed, Oct 28, 2026Mid-market rate$130,756.85 Revolut (P2P Transfer) $130,756.85 Chase $127,486.08Revolut (P2P Transfer)$130,756.85Key Currency$130,429.96Regency FX$130,403.81Extra cost of a bank$3,270.77
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 17.9719 | – | $125,803.23 | |
| | 17.9719 | $0.00 | $125,803.23 | Same |
| | 17.9270 | $0.00 | $125,488.72 | −$314.51 |
| | 17.9234 | $0.00 | $125,463.56 | −$339.67 |
| | 17.3163 | $0.00 | $121,213.83 | −$4,589.40 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.0404 | – | $126,282.80 | |
| | 18.0404 | $0.00 | $126,282.80 | Same |
| | 17.9953 | $0.00 | $125,967.09 | −$315.71 |
| | 17.9917 | $0.00 | $125,941.84 | −$340.96 |
| | 17.5959 | $0.00 | $123,171.36 | −$3,111.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.1224 | – | $126,856.70 | |
| | 18.1224 | $0.00 | $126,856.70 | Same |
| | 18.0771 | $0.00 | $126,539.55 | −$317.15 |
| | 18.0735 | $0.00 | $126,514.18 | −$342.52 |
| | 17.5959 | $0.00 | $123,171.36 | −$3,685.34 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.2531 | – | $127,771.84 | |
| | 18.2531 | $0.00 | $127,771.84 | Same |
| | 18.2075 | $0.00 | $127,452.41 | −$319.43 |
| | 18.2038 | $0.00 | $127,426.86 | −$344.98 |
| | 17.7850 | $0.00 | $124,495.02 | −$3,276.82 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.1612 | – | $127,128.43 | |
| | 18.1612 | $0.00 | $127,128.43 | Same |
| | 18.1158 | $0.00 | $126,810.61 | −$317.82 |
| | 18.1122 | $0.00 | $126,785.18 | −$343.25 |
| | 17.7850 | $0.00 | $124,495.02 | −$2,633.41 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.1608 | – | $127,125.63 | |
| | 18.1608 | $0.00 | $127,125.63 | Same |
| | 18.1154 | $0.00 | $126,807.81 | −$317.82 |
| | 18.1118 | $0.00 | $126,782.39 | −$343.24 |
| | 17.6977 | $0.00 | $123,883.90 | −$3,241.73 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.2244 | – | $127,570.79 | |
| | 18.2244 | $0.00 | $127,570.79 | Same |
| | 18.1788 | $0.00 | $127,251.86 | −$318.93 |
| | 18.1752 | $0.00 | $127,226.34 | −$344.45 |
| | 17.7544 | $0.00 | $124,280.80 | −$3,289.99 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.0719 | – | $126,503.23 | |
| | 18.0719 | $0.00 | $126,503.23 | Same |
| | 18.0267 | $0.00 | $126,186.97 | −$316.26 |
| | 18.0231 | $0.00 | $126,161.67 | −$341.56 |
| | 17.6176 | $0.00 | $123,323.33 | −$3,179.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.0358 | – | $126,250.32 | |
| | 18.0358 | $0.00 | $126,250.32 | Same |
| | 17.9907 | $0.00 | $125,934.69 | −$315.63 |
| | 17.9871 | $0.00 | $125,909.44 | −$340.88 |
| | 17.6176 | $0.00 | $123,323.33 | −$2,926.99 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.0375 | – | $126,262.75 | |
| | 18.0375 | $0.00 | $126,262.74 | Same |
| | 17.9924 | $0.00 | $125,947.09 | −$315.65 |
| | 17.9888 | $0.00 | $125,921.84 | −$340.90 |
| | 17.5737 | $0.00 | $123,015.77 | −$3,246.97 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.1779 | – | $127,245.51 | |
| | 18.1779 | $0.00 | $127,245.51 | Same |
| | 18.1325 | $0.00 | $126,927.40 | −$318.11 |
| | 18.1288 | $0.00 | $126,901.95 | −$343.56 |
| | 17.5737 | $0.00 | $123,015.77 | −$4,229.74 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4141 | – | $128,898.73 | |
| | 18.4141 | $0.00 | $128,898.73 | Same |
| | 18.3681 | $0.00 | $128,576.48 | −$322.25 |
| | 18.3644 | $0.00 | $128,550.70 | −$348.03 |
| | 17.9360 | $0.00 | $125,551.89 | −$3,346.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4141 | – | $128,898.73 | |
| | 18.4141 | $0.00 | $128,898.73 | Same |
| | 18.3681 | $0.00 | $128,576.48 | −$322.25 |
| | 18.3644 | $0.00 | $128,550.70 | −$348.03 |
| | 17.9360 | $0.00 | $125,551.89 | −$3,346.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.3889 | – | $128,722.19 | |
| | 18.3889 | $0.00 | $128,722.19 | Same |
| | 18.3429 | $0.00 | $128,400.39 | −$321.80 |
| | 18.3392 | $0.00 | $128,374.65 | −$347.54 |
| | 17.9260 | $0.00 | $125,482.33 | −$3,239.86 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.2347 | – | $127,643.11 | |
| | 18.2347 | $0.00 | $127,643.11 | Same |
| | 18.1891 | $0.00 | $127,324.00 | −$319.11 |
| | 18.1855 | $0.00 | $127,298.47 | −$344.64 |
| | 17.7598 | $0.00 | $124,318.88 | −$3,324.23 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4167 | – | $128,916.55 | |
| | 18.4167 | $0.00 | $128,916.55 | Same |
| | 18.3706 | $0.00 | $128,594.26 | −$322.29 |
| | 18.3669 | $0.00 | $128,568.48 | −$348.07 |
| | 17.9640 | $0.00 | $125,748.11 | −$3,168.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4791 | – | $129,353.53 | |
| | 18.4791 | $0.00 | $129,353.53 | Same |
| | 18.4329 | $0.00 | $129,030.14 | −$323.39 |
| | 18.4292 | $0.00 | $129,004.27 | −$349.26 |
| | 17.9640 | $0.00 | $125,748.11 | −$3,605.42 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.3969 | – | $128,778.27 | |
| | 18.3969 | $0.00 | $128,778.26 | −$0.01 |
| | 18.3509 | $0.00 | $128,456.32 | −$321.94 |
| | 18.3472 | $0.00 | $128,430.56 | −$347.71 |
| | 17.9200 | $0.00 | $125,440.26 | −$3,338.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4929 | – | $129,450.33 | |
| | 18.4929 | $0.00 | $129,450.33 | Same |
| | 18.4467 | $0.00 | $129,126.70 | −$323.63 |
| | 18.4430 | $0.00 | $129,100.81 | −$349.52 |
| | 18.0208 | $0.00 | $126,145.49 | −$3,304.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4929 | – | $129,450.33 | |
| | 18.4929 | $0.00 | $129,450.33 | Same |
| | 18.4467 | $0.00 | $129,126.70 | −$323.63 |
| | 18.4430 | $0.00 | $129,100.81 | −$349.52 |
| | 18.0208 | $0.00 | $126,145.49 | −$3,304.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5052 | – | $129,536.39 | |
| | 18.5052 | $0.00 | $129,536.39 | Same |
| | 18.4589 | $0.00 | $129,212.55 | −$323.84 |
| | 18.4552 | $0.00 | $129,186.64 | −$349.75 |
| | 18.0208 | $0.00 | $126,145.49 | −$3,390.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.3955 | – | $128,768.40 | |
| | 18.3955 | $0.00 | $128,768.40 | Same |
| | 18.3495 | $0.00 | $128,446.47 | −$321.93 |
| | 18.3458 | $0.00 | $128,420.72 | −$347.68 |
| | 17.9156 | $0.00 | $125,409.03 | −$3,359.37 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.4991 | – | $129,493.49 | |
| | 18.4991 | $0.00 | $129,493.49 | Same |
| | 18.4528 | $0.00 | $129,169.76 | −$323.73 |
| | 18.4491 | $0.00 | $129,143.86 | −$349.63 |
| | 18.0253 | $0.00 | $126,177.37 | −$3,316.12 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.7628 | – | $131,339.74 | |
| | 18.7628 | $0.00 | $131,339.74 | Same |
| | 18.7159 | $0.00 | $131,011.39 | −$328.35 |
| | 18.7122 | $0.00 | $130,985.12 | −$354.62 |
| | 18.2895 | $0.00 | $128,026.73 | −$3,313.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.7576 | – | $131,303.38 | |
| | 18.7576 | $0.00 | $131,303.38 | +$0.01 |
| | 18.7107 | $0.00 | $130,975.12 | −$328.26 |
| | 18.7070 | $0.00 | $130,948.86 | −$354.51 |
| | 18.2745 | $0.00 | $127,921.67 | −$3,381.71 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6684 | – | $130,678.83 | |
| | 18.6684 | $0.00 | $130,678.83 | Same |
| | 18.6217 | $0.00 | $130,352.13 | −$326.70 |
| | 18.6180 | $0.00 | $130,326.00 | −$352.83 |
| | 18.1720 | $0.00 | $127,204.00 | −$3,474.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6684 | – | $130,678.83 | |
| | 18.6684 | $0.00 | $130,678.83 | Same |
| | 18.6217 | $0.00 | $130,352.13 | −$326.70 |
| | 18.6180 | $0.00 | $130,326.00 | −$352.83 |
| | 18.1720 | $0.00 | $127,204.00 | −$3,474.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.7018 | – | $130,912.32 | |
| | 18.7018 | $0.00 | $130,912.32 | Same |
| | 18.6550 | $0.00 | $130,585.04 | −$327.28 |
| | 18.6513 | $0.00 | $130,558.86 | −$353.46 |
| | 18.2132 | $0.00 | $127,492.20 | −$3,420.12 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.5922 | – | $130,145.47 | |
| | 18.5922 | $0.00 | $130,145.47 | Same |
| | 18.5457 | $0.00 | $129,820.11 | −$325.36 |
| | 18.5420 | $0.00 | $129,794.08 | −$351.39 |
| | 18.0847 | $0.00 | $126,592.85 | −$3,552.62 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 18.6795 | – | $130,756.85 | |
| | 18.6795 | $0.00 | $130,756.85 | Same |
| | 18.6329 | $0.00 | $130,429.96 | −$326.89 |
| | 18.6291 | $0.00 | $130,403.81 | −$353.04 |
| | 18.2123 | $0.00 | $127,486.08 | −$3,270.77 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 18.6795 | – | $130,756.85 | |
|---|---|---|---|---|
| Bank No quote collected this day | – | – | – | – |
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Each line shows what the recipient gets when you send $7,000, after fees, as quoted by each company. The mid-market line shows what $7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. The bank line is the cheapest bank available on each day.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more MXN per USD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 1 of the last 30 days.
Today's payout isn't the best this month though, since the highest receive amount was 131,339.74 MXN.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Mexico.
We've tracked 237 comparisons to check how often today's top companies were the cheapest across 9 amounts over the past month.
Cheapest in 67% of them
Never the cheapest
Never the cheapest
Never the cheapest
Based on 63 comparisons across 9 amounts over the last 7 days.
Cheapest in 77% of them
Never the cheapest
Never the cheapest
Never the cheapest
Based on 237 comparisons across 9 amounts over the last 30 days.
Cheapest in 64% of them
Never the cheapest
Never the cheapest
Never the cheapest
Based on 600 comparisons across 13 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Revolut (P2P Transfer) is the cheapest and gets you the most MXN, and it was also the cheapest in 77% of the 237 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Mexico.
There are 15 companies available for sending money from the US to Mexico, across broker, app, online, multi-currency account, global account, bank, and in person, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
Wise charges $41.93 on a $7,000 transfer with 0% markup, saves your recipient's details for next time, and MXN arrives in same day.
Over the past month, Wise was the cheapest app on 50% of the days it appeared for $7,000 transfers.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 129,416 MXN in minutes - 24 hours.
Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.
However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Mexico.
Of all online companies listed here, Wise gets you the most MXN per USD.
On a $7,000 transfer, you will get 129,978.84 MXN after a $41.93 fee and 0% markup.
In our comparisons over the past month, it was the cheapest online service on 24 of the 30 days it quoted.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Mexico (e.g. a property purchase, tuition, or moving to Mexico), a broker like Key Currency charges no fee, gives you a dedicated account manager, and adds 0.25% markup on USD/MXN that gets lower the more you send.
Our analysis shows Key Currency was the cheapest broker in 93% of the transfers from $5,000 it quoted.
It's also good to check Wise since you get a bulk discount on transfers over $25,000.
Only if you have to
Wiring money abroad from your bank is the most expensive option.
On a $7,000 transfer, a bank like Chase gets your recipient 127,486.08 MXN, against 130,756.85 MXN with Revolut (P2P Transfer) (the overall cheapest option).
We found Chase was the cheapest bank on 30 of the 30 days it appeared for this amount.
The wire "feels" official, but regulated money transfer companies are just as safe with their own protection and rules.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
A multi-currency account like Currencies Direct is the best for holding and receiving MXN.
This is useful for traveling to Mexico, building up MXN balance, or receiving payments in MXN.
Currencies Direct converts $7,000 at 0.59% markup plus small fee and holds the MXN until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 63% of days.
With Revolut (P2P Transfer), paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 130,756.85 MXN.
Our data shows that Revolut (P2P Transfer) gets your recipient 3,270.77 MXN more than Chase, today's cheapest bank, on the same $7,000.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but it may take some time for it to clear before a money transfer company can send the money to Mexico.
You can deposit cash
You'll need to visit the nearest MoneyGram branch and hand over $7,000.
MoneyGram is the cheapest option and will get you 129,416 MXN on a $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Mexico.
Your recipient in Mexico can collect MXN through bank deposit, cash pickup, mobile wallet, card deposit, and mobile money.
They can collect cash in Mexico
Your recipient can collect MXN from a participating MoneyGram location in Mexico.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
You pay $7,000.00
MX$130,757
Cheapest
You pay $7,001.99
MX$129,570
-MX$1,187
You pay $7,000.00
MX$129,570
-MX$1,187
You pay $7,001.99
MX$129,570
-MX$1,187
You pay $7,005.00
MX$129,570
-MX$1,187
You pay $7,005.99
MX$129,570
-MX$1,187
You pay $7,003.99
MX$129,416
-MX$1,341
You pay $7,179.99
MX$129,416
-MX$1,341
You pay $7,001.70
MX$129,238
-MX$1,519
You pay $7,210.00
MX$129,238
-MX$1,519
You pay $7,074.99
MX$129,127
-MX$1,630
You pay $7,177.99
MX$129,054
-MX$1,703
You pay $7,011.99
MX$128,953
-MX$1,804
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
Cheapest way to send money to Mexico
The cheapest option is Revolut (P2P Transfer), funded by bank transfer with bank deposit for the payout. Your recipient gets 130,756.85 MXN, which is 0.25% more than the next best option.
Fastest way to send money to Mexico
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 129,472.03 MXN, with the money arriving in within minutes.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, Wise is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Mexico.
While Wise may not always be the cheapest or fastest way to send MXN, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Mexico and United States.
We work with leading money transfer companies to provide real time fees and exchange rates. In the past 30 days alone, we analyzed 237 comparisons across 9 amounts.
This page covers the cheapest and fastest options for USD/MXN transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
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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