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If the recipient of the transfer wants to receive Mexican pesos in her bank account in Mexico, then Wise is currently the cheapest provider with competitive fees of 47 BRL and a good BRL-MXN exchange rate (their current exchange rate is 1 BRL = 3.7734 MXN).
In comparison, the total cost of your transfer would be 65.22 BRL (around 1x more) if you selected to use Global66 to make the same transfer.
You prefer the money to arrive in cash? We compare 1 money transfer companies able to send Mexican pesos in cash in Mexico: the cheapest provider currently is Small World, with zero transfer fees and a good BRL-MXN conversion rate (their current rate is 1 BRL = 3.6704 MXN).
This recommendation was updated a few minutes ago.
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Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Monito is not a money transfer company. We’re here to help you find the best way to send money to Mexico.
To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.