Send Money to Mexico
Compare available providers for popular routes and review loaded recipient estimates for your amount.
Choose Your Currency
Current USD to MXN quotes
Compare current provider quotes for sending $1,000 USD. Recipient outcome remains the main comparison point.
How rankings work: Methodology · Commercial Policy
Top row follows the selected sort. The alternate Standard or New User rate appears below when available.
Unplex
Remitly
Paysend
#3 loaded estimate
Taptap Send
Sendwave
Panda Remit
Western Union
CurrencyFair
WorldRemit
| Provider | Exchange Rate | Fee | You Send | Recipient Gets | Action |
|---|---|---|---|---|---|
Unplex Best New User rate Best Standard rate | 20.77 | FREE | USD 1,000 | 20,771 MXN | Check current quote |
17.70 17.11 | FREE USD 3.99 | USD 1,000 | 17,700 MXN 17,041.731 MXN 3,071 less | Check Remitly quote | |
17.35 | USD 0.99 | USD 1,000 | 17,348.99 MXN 3,422.01 less | Check Paysend quote | |
17.25 | FREE | USD 1,000 | 17,250 MXN 3,521 less | Check Taptap Send quote | |
17.22 | FREE | USD 1,000 | 17,216.85 MXN 3,554.15 less | Check Sendwave quote | |
17.21 | FREE | USD 1,000 | 17,210.7 MXN 3,560.3 less | Check Panda Remit quote | |
17.35 | USD 12.07 | USD 1,000 | 17,145.43 MXN 3,625.57 less | Check Wise quote | |
17.10 | USD 31.99 | USD 1,000 | 17,096 MXN 3,675 less | Check Western Union quote | |
17.15 | USD 4.00 | USD 1,000 | 17,085.384 MXN 3,685.616 less | Check CurrencyFair quote | |
16.96 | USD 1.99 | USD 1,000 | 16,959.9 MXN 3,811.1 less | Check WorldRemit quote | |
16.88 | FREE | USD 1,000 | 16,881.2 MXN 3,889.8 less | Check OFX quote |
Amount ComparisonAmount Comparison: How Much Will They Receive?
Estimate what your recipient may get at different transfer amounts using New User rates.
| Provider | $100 | $500 | $1,000 | $5,000 |
|---|---|---|---|---|
Unplex Rate: 20.7710 | Fee: $0.00Best New User | $2,077.10 | $10,385.50 | $20,771.00 | $103,855.00 |
Remitly Rate: 17.7000 | Fee: $0.00 | $1,770.00 | $8,850.00 | $17,700.00 | $85,481.73 |
Paysend Rate: 17.3490 | Fee: $0.99 | $1,717.72 | $8,657.32 | $17,331.82 | $86,727.78 |
Taptap Send Rate: 17.2500 | Fee: $0.00 | $1,725.00 | $8,625.00 | $17,250.00 | $86,250.00 |
Sendwave Rate: 17.2169 | Fee: $0.00 | $1,721.69 | $8,608.43 | $17,216.85 | $86,084.25 |
Tip: The difference between providers can be significant for larger transfers. For $5,000, you could receive up to $18,373.27 more by choosing the best provider.
Recipient Gets Exactly...
Enter how much your recipient needs in MXN. We'll show how much you need to send.
Why Use Online Money Transfer Services?
Compare Bank Costs
Bank wires can combine exchange-rate margins with fixed wire fees. Digital providers may be cheaper on this route, but compare the final recipient amount and checkout terms before sending.
Faster Delivery
Bank wire transfers take 3-5 business days. Online services often deliver within 24 hours, with SPEI instant transfers arriving within minutes to Mexican bank accounts.
Easy & Convenient
Send money from your phone or computer 24/7. No need to visit a bank branch. Track your transfer in real-time and get notifications when it arrives.
Sending Money to Mexico: What You Need to Know
Bank Transfer Requirements
- CLABE: 18-digit standardized bank code for Mexican accounts
- Account Number: Recipient's Mexican bank account number
- Recipient Name: Must match exactly as on bank records
- Bank Name: Name of the recipient's Mexican bank
Payment Options
- Bank Transfer (ACH/Wire): Often lower-cost funding, 1-3 days
- Debit Card: Fast, moderate fees
- Credit Card: Fastest, higher fees (3-5% extra)
- Apple/Google Pay: Available with select providers
Supported Mexican Banks
All major Mexican banks accept international transfers:
Delivery Options in Mexico
- Bank Deposit: Direct to any Mexican bank account
- SPEI Instant Transfer: Real-time bank-to-bank transfer
- OXXO Cash Pickup: Pick up at 20,000+ OXXO stores
- Cash Pickup: Available at partner locations nationwide
Mexico: Top Remittance Recipient
$60B+
Remittances received annually
12M+
Mexican diaspora worldwide
3-8%
Potential cost gap vs bank wires
Mexico is the second-largest remittance-receiving country globally. The largest corridor is United States to Mexico, accounting for over 95% of all remittances. Money sent from abroad represents approximately 4% of Mexico's GDP and is a vital source of income for millions of Mexican families.
Understanding Remittances to Mexico
Mexico is the world's second-largest remittance recipient, receiving over $63 billion annually — nearly all from the United States. With more than 37 million people of Mexican origin living in the US, the US-to-Mexico corridor is one of the most important and competitive money transfer routes globally. Remittances now surpass oil exports as Mexico's largest source of foreign income.
The sheer volume of the US-Mexico corridor has driven intense competition among providers. Services like Wise, Remitly, XE, and Western Union all compete on rates and fees for peso transfers. This is good for senders — the average cost of sending $200 to Mexico has dropped to around 4% from over 8% a decade ago, though cheaper options exist if you compare.
Mexico's banking system is modernized through the SPEI (Sistema de Pagos Electrónicos Interbancarios) real-time payment network, enabling most providers to deliver pesos to any Mexican bank account within hours. OXXO cash pickup is uniquely popular in Mexico — with over 20,000 convenience stores nationwide, it's often the most accessible option for recipients in smaller towns.
How to Choose the Right Provider for Mexico
The US-to-Mexico market is well served by banks, cash-pickup networks, and digital providers. Here's how to compare the right option for your specific situation:
Best Exchange Rate ($500+)
Compare Wise and OFX. For transfers above $500, the exchange rate often has a larger impact than a small flat fee. Check transparent bank-transfer quotes, minimums, and final checkout terms before choosing.
Fastest Delivery (Minutes)
Compare Remitly and Western Union. Express bank delivery and cash pickup can be useful for urgent transfers. Confirm current SPEI timing, pickup availability, and total cost before sending.
Cash Pickup at OXXO or Walmart
Compare Western Union, WorldRemit, and Remitly. If your recipient prefers cash, compare pickup locations, opening hours, fees, and the final MXN amount before sending.
Weekly/Biweekly Transfers
Compare recurring-transfer tools. Many Mexican families depend on regular weekly or biweekly payments. Automation can save time, but recheck quotes periodically because the strongest provider can change.
Common Mistakes When Sending Money to Mexico
1. Using Physical Money Transfer Locations
A cash-pickup branch or check-cashing store may price differently from the same provider's app or website. Compare the digital quote and in-store quote, including the exchange rate, before choosing.
2. Not Using CLABE for Bank Transfers
Mexican bank transfers require a CLABE (Clave Bancaria Estandarizada) — an 18-digit standardized banking code. This is not the same as the debit card number. Using the wrong number will delay or return your transfer. Ask your recipient for their full CLABE number, which can be found in their banking app or on their account statement.
3. Falling for "Zero Fee" Marketing
Many providers targeting the Mexico corridor advertise "$0 fees" but compensate with a worse exchange rate — sometimes 2-4% below mid-market. On a $500 transfer, that's MXN 150-400 less for your recipient. Always compare the total pesos received, not just the fee.
4. Not Knowing About Mexico's Cash Deposit Limits
Mexico has strict regulations on cash deposits — recipients can deposit a maximum of MXN 15,000 per month in cash at Mexican banks. If you're sending larger amounts for cash pickup, your recipient should be aware of this limit. Bank transfers (SPEI) are not affected by this restriction.
5. Sending at Bad Times for Exchange Rates
The USD/MXN rate fluctuates throughout the day and week. If your transfer isn't urgent, set up rate alerts and compare providers before sending. Even small rate differences can materially change the MXN your recipient receives.
Top Money Transfer Services for Mexico
Wise
Transparent quote benchmark
Remitly
Fast transfers, OXXO cash pickup
XE
Established currency brand
Western Union
Cash pickup, OXXO delivery
WorldRemit
Bank deposits and cash pickup routes
OFX
Large amount option
Mexico Remittance & MXN News
View allFrequently Asked Questions: Various to MXN
Ready to Send Money to Mexico?
Compare current provider options and choose the route that fits your next transfer to Mexico. Most transfers arrive within 1-2 business days.
New to sending money to Mexico? Read our complete guide to the best ways to send money to Mexico in 2026.