Send Money to Mexico
Compare available providers for popular routes and review 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
Ria Money Transfer
Remitly
Sendwave
Western Union
CurrencyFair
WorldRemit
| Provider | Exchange Rate | Fee | You Send | Recipient Gets | Action |
|---|---|---|---|---|---|
Best New User rate | 18.86 18.27 | FREE USD 1.99 | USD 1,000 | 18,862 MXN 18,270 MXN | Go to Ria Money TransferCheck quote |
18.70 18.16 | FREE USD 3.99 | USD 1,000 | 18,700 MXN 18,087.542 MXN 162 less | Go to RemitlyCheck quote | |
18.59 | FREE | USD 1,000 | 18,594.09 MXN 267.91 less | Go to SendwaveCheck quote | |
18.30 | FREE | USD 1,000 | 18,300 MXN 562 less | Go to Taptap SendCheck quote | |
18.29 | FREE | USD 1,000 | 18,292.9 MXN 569.1 less | Go to Panda RemitCheck quote | |
18.26 | USD 31.99 | USD 1,000 | 18,263 MXN 599 less | Go to Western UnionCheck quote | |
18.43 | USD 12.07 | USD 1,000 | 18,206.86 MXN 655.14 less | Go to WiseCheck quote | |
18.19 | USD 0.99 | USD 1,000 | 18,177.63 MXN 684.37 less | Go to PaysendCheck quote | |
18.13 | USD 4.00 | USD 1,000 | 18,056.683 MXN 805.317 less | Go to CurrencyFairCheck quote | |
17.99 | USD 1.99 | USD 1,000 | 17,950.807 MXN 911.193 less | Go to WorldRemitCheck quote | |
17.92 | FREE | USD 1,000 | 17,924.3 MXN 937.7 less | Go to OFXCheck 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 |
|---|---|---|---|---|
Ria Money Transfer Rate: 18.8620 | Fee: $0.00Best New User | $1,886.20 | $9,431.00 | $18,862.00 | $94,310.00 |
Remitly Rate: 18.7000 | Fee: $0.00 | $1,870.00 | $9,350.00 | $18,700.00 | $90,727.54 |
Sendwave Rate: 18.5941 | Fee: $0.00 | $1,859.41 | $9,297.05 | $18,594.09 | $92,970.45 |
Taptap Send Rate: 18.3000 | Fee: $0.00 | $1,830.00 | $9,150.00 | $18,300.00 | $91,500.00 |
Panda Remit Rate: 18.2929 | Fee: $0.00 | $1,829.29 | $9,146.45 | $18,292.90 | $91,464.50 |
Tip: The difference between providers can be significant for larger transfers. For $5,000, you could receive up to $3,582.46 more by choosing the best provider.
Estimate how much to send
Enter how much your recipient needs in MXN. Estimate your total cost using the displayed rates and fees.
$1,007.32
Estimated total (USD)
Includes $0.00 estimated fee
Rates, fees and new-customer offers may change with the amount. Confirm your total cost and the recipient amount with the provider before sending.
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
Confirm the delivery estimate for the whole transfer. Funding, conversion and verification can take time before a provider releases the local Mexican payout, even when it uses SPEI.
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
Ask your provider whether it supports your recipient's bank and account type, including accounts at:
Delivery Options in Mexico
- Bank Deposit: Delivery to accounts supported by the selected provider
- 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.
SPEI (Sistema de Pagos Electrónicos Interbancarios) processes domestic electronic payments in Mexico. A remittance provider may use a local payout partner, but supported banks and end-to-end delivery times vary. For cash pickup, check the locations offered for your transfer and confirm identification requirements and opening hours before the recipient travels.
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
If the provider asks for a CLABE (Clave Bancaria Estandarizada), use the recipient's 18-digit CLABE rather than substituting a debit-card number. Some payment routes accept other identifiers, so follow the specific checkout fields. Ask the recipient to confirm the details in their banking app or bank records, including that the account is supported by the provider.
See Banco de Mexico's SPEI guidance and, if using Wise, its current bank eligibility list.
Sending from the US? Use our CLABE and recipient checklist before comparing bank deposit and cash pickup.
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. Confusing Transfer Limits with Cash-Deposit Reporting
Receiving-account limits, cash-pickup limits and cash-deposit reporting are different rules. Article 55 of Mexico's income-tax law describes reporting for cash deposits; it does not set a blanket MXN 15,000 monthly deposit maximum. Confirm the recipient's account or pickup limits with the bank or provider. See the official law, Article 55 for the cash-deposit reporting provision.
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
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Frequently Asked Questions: Various to MXN
What is the cheapest way to send money to Mexico?
How long does it take to transfer money to Mexico?
What documents do I need to send money to Mexico?
Is it safe to send money to Mexico online?
What is the limit for sending money to Mexico?
Can I send money to Mexico from a credit card?
Which banks in Mexico can receive international transfers?
What is a CLABE number?
Can I send money to OXXO for cash pickup?
What time is best to send money to Mexico for better rates?
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.