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Best Ways to Send Money from Canada to Mexico

Country from
Country to
You send
To
  • 625 CAD =
    10,674 MXN
    3-5 days
    Preferential fee and/or exchange rate only on your first transfer
    Best deal
    Monito Score
    9.0
    Go to Remitly
    You pay
    625 CAD
    Payment options
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    • Bank transfer 3-5 days
      2.99 CAD
    • Credit card In minutes
      3.99 CAD
    • Debit card In minutes
      3.99 CAD
    Exchange rate
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    Remitly's exchange rate (1 CAD = 17.1600 MXN) is 0.25% better than the mid-market exchange rate, subtracting -1.53 CAD from the total cost of this transfer.
    10.82 CAD -1.53 CAD
    10,674 MXN
    arrives in Mexico
  • 625 CAD =
    10,337 MXN
    In minutes
    ZERO fees on your first THREE transfers with code 3FREE
    336.37 MXN less than with Remitly
    Monito Score
    7.8
    Go to WorldRemit
    You pay
    625 CAD
    Payment options
    ZERO fees on your first THREE transfers with code 3FREE
    New WorldRemit customers only. Apply the code during the transfer process in the ‘PROMO CODE’ section for each of first 3 transfers to get the discount.
    • Direct bank payment In minutes
      2.99 CAD 0 CAD
    • Credit card In minutes
      2.99 CAD 0 CAD
    • Debit card In minutes
      2.99 CAD 0 CAD
    Exchange rate
    WorldRemit's exchange rate (1 CAD = 16.5397 MXN) is 3.38% worse than the mid-market exchange rate, adding 21.11 CAD to the total cost of this transfer.
    21.01 CAD 21.11 CAD
    10,337 MXN
    arrives in Mexico
  • 625 CAD =
    10,268 MXN
    In minutes
    405.33 MXN less than with Remitly
    Monito Score
    7.7
    Go to MoneyGram
    You pay
    625 CAD
    Payment options
    • Credit card In minutes
      4.99 CAD
    Exchange rate
    MoneyGram's exchange rate (1 CAD = 16.5616 MXN) is 3.25% worse than the mid-market exchange rate, adding 20.15 CAD to the total cost of this transfer.
    20.15 CAD
    10,268 MXN
    arrives in Mexico

How to send money from Canada to Mexico at the best rate?

We found 16 providers available to make a transfer from Canada to Mexico.

To transfer your Canadian dollars to a bank account in Mexican pesos in Mexico, WorldRemit is currently the cheapest provider with zero transfer fees and a competitive CAD-MXN exchange rate (their current exchange rate is 1 CAD = 17.16 MXN).

The total cost of your transfer with WorldRemit is -0.15 CAD, but the total cost of your transfer would be 50.53 CAD (roughly -346x more expensive) if you were to use Royal Bank of Canada to make the same transfer.

Two other options that could be interesting for your transfer are Remitly and InstaReM.

If the person you're sending money to wants to receive Mexican pesos in cash at an agent location in Mexico, then the cheapest option currently is Remitly, with 2.99 CAD for the transfer fees and a very competitive CAD-MXN exchange rate (current rate: 1 CAD = 17.16 MXN).

When taking the exchange rate and the fees into account, the total cost of your transfer to a cash pick-up location in Mexico with Remitly is 1.46 CAD, but the total cost of your transfer would be 25.14 CAD if you chose to use MoneyGram to make the same transfer.

This recommendation was updated a few minutes ago.

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Monito's Recommendations for Sending Money from Canada to Mexico

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Canada to Mexico:

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Best Ways to Send Money from Canada to Mexico

FAQ about money transfers from Canada to Mexico

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

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Mid-market exchange rate

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.

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