Find the best way to send money to Mexico

If you're looking for the best way to send money to Mexico from the United States, use our list to find the cheapest, fastest way to transfer money online.

It can be time consuming researching money transfer companies and comparing the best rate of foreign exchange. Our guide shows you which service has transparent fees, mobile apps and different delivery options to make your international money transfers easier.

Need to send money from Mexico to the US instead? Learn more here.


4 of the best money transfer services to send money from the USA to Mexico

Wise (formerly known as TransferWise)

They offer the same market rate you see on XE or Google and don't add any hidden exchange rate mark ups. If you prefer to transfer money online, Wise is the easiest way to do it. It's incredibly simple to set up an account or make a transfer using their app.

See our full review of Wise

How much does it cost to transfer funds to Mexico?

Transfer Fee: 1.59 USD + 0.61% of your amount.
Exchange Rate: Wise gives you the market rate without any margins.

How long does it take?

Your recipient will get the money in Mexican peso from Wise's local account within 0-1 business days.

Is Wise safe?

Yes they are. They're licensed in each state and partnered with the Financial Institution Community Federal Savings Bank. To find out more about their security measures read our full review.

Best features:

  • Transparent fees and offer the best rates online
  • Very fast transfers to a bank account
  • Quick online set-up

Remitly is best for small amounts

With no minimum limit they can be handy when sending small amounts to family or friends.  What we like about Remitly is they are cheaper than Xoom/PayPal or Western Union for sending in minutes. It's also easy to make payments on the Remitly website or mobile app.

See our full review of Remitly

How much does it cost to transfer funds to Mexico?

Transfer Fee: $0 when sending more than $500, and $3.99 when sending less for Express
Exchange Rate: The exchange rate you receive depends on the amount of your transfer and which country your money is being sent.

How long does it take?

Within minutes for international money transfers.

Is Remitly safe?

Yes, Remitly is authorized to do business in all 50 states and offer a money-bank guarantee, so if you're not completely happy with their service, they will refund you. For more info read our full review.

Best features:

  • The person can receive their money transfer by bank deposit, cash pick up, mobile money or home delivery.
  • Money back guarantee - if your money doesn't arrive on time.
  • Easy to sign up and quick to transfer money online

WorldRemit is the best for cash and mobile money

They're perfect for personal money transfers from the US of up to US$10,000 to Mexico. Their rates are usually better than your local bank's and they offer more flexible delivery options than companies like PayPal, Western Union or MoneyGram.

See our full review of WorldRemit

How much does it cost to transfer funds to Mexico?

Transfer Fee: 1.99 USD.
Exchange Rate: They add a margin to the rate. Use our comparison tool to find out their current rates.
Maximum transfer amount: US$2,000 depending on bank payout network

How long does it take?

Depends on your delivery choice. For a wire transfer they will get Mexican peso in 2 hours. Cash delivery is ready instantly.

Is WorldRemit safe?

Yes they are fully regulated and licensed within US and Mexico. Learn more about how trustworthy WorldRemit are.

Best features:

  • Offers cash pick-up, bank deposits, Mobile Money and Airtime top-up
  • Easy online platform and cell phone app
  • Transparent costs with accurate calculator tool
  • 24/7 customer support

XE is the best for sending large amount

As a trusted and seasoned name in foreign exchange, XE could be a good option for online users who aren't under time pressure. They don't charge fixed fees and don't have any minimum amounts so are good for any sized transaction.

See our full review of XE

How much does it cost to transfer funds to Mexico?

Transfer Fee: Free, but there can be hidden charges at the local bank.
Exchange Rate: The USD/MXN exchange rate when you convert your US dollars into Mexican peso will depend on the amount of your transfer.

How long does it take?

Your recipient will get the money in Mexican peso into their account in 1-3 business days.

Is XE safe?

Yes they are. They are licensed as a Money Transmitter by the DFS in New York and registered with FINTRAC. Read more about their security measure in our review.

Best features:

  • No fees or minimum amounts for money transfers
  • Better exchange rates for larger amounts
  • Well known and trusted brand



Are there any minimum or maximum money transfer limits?

These vary depending on which online money transfer company you use.

For minimum transfer amounts, XE and Wise (formerly known as TransferWise) have no limits. OFX have a minimum of US$150 per single transaction.

For maximum transfer amounts, Wise has maximum limits of US$50,000 for personal accounts. For business accounts they have a maximum limit of US$250,000 in unlicensed states and up to US$1,000,000 in licensed states.

OFX and XE have no maximum transfer amounts. Meanwhile, Xoom has a limit of US$50,000 over 24 hours if you have the required documents.

How do I keep my money online safe when I send it to Mexico?

Safety is very important and all of the online companies above take their legal responsibilities very seriously. They take extreme measures to protect the sensitive data you provide them like your personal details and identification. However, it's still better to be safe than sorry. Here are some additional ways you can transfer funds safely:

  • Double check privacy policies and tracking process for your money transfer provider
  • Use a strong, long and unique password with a combination of uppercase and lowercase letters, numbers and symbols when you set-up your account
  • Ensure your money transfer service provides two-factor authentication, including SMS or email-based security code

What information do I need to send money to a Mexican bank account from the United States?

To wire money from the US, you will need the following information about the recipient's account:

  • Recipient account holder name and full address
  • Account number you will be transferring money to
  • Swift / BIC code or Routing Number

How do I send money from my bank account in the US to another bank account in Mexico?

Send money from your bank account to another bank account in Mexico using these steps:

  1. Find the wire transfer section from the website of your financial institution
  2. Check any transfer limits there might be
  3. Enter the recipient’s bank details
  4. Enter the amount and choose the currency you want to send your money
  5. Pay the transfer processing fee - your bank can charge anywhere between US$30-80. Your recipient bank can charge as much as US$30 to receive the money.
  6. Find out how long it will take for your transfer to arrive

Do all money transfer companies have a mobile phone app?

Yes. When you have an account with any of the online money transfer services highlighted above, you can make transfers through their website, or via their iOS Apple and Android apps. However, some are easier to use than others.

What other common countries or currencies can I send money to from the US?

The most common countries or currencies money is sent to from the US includes: Mexico (MXN), China (CNY), India (INR), Germany (EUR), France (EUR), South Korea (KRW), United Kingdom (GBP), Japan, (JPY) and Italy (EUR) and Australia (AUD).

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