What's the best way to transfer money from Canada to Mexico?💸

The fees you pay for your transfer depend on the location, amount, and type of transfer you choose to complete. Finding secure, reliable, and affordable methods to send money from Canada to Mexico might be quite complicated. That's why we recommend to use Monito comparison engine and find the best option for your next transfer from Canada to Mexico. When you compare your options, you can always be sure that you don’t pay any hidden fees.

What's the cheapest way to send money from Canada to Mexico?

Finding the cheapest way to send money from Canada to Mexico might take a lot of time. Instead of wasting your time, use Monito comparison tool, and find the cheapest way to send money from Canada to Mexico just in a few clicks. Many of the most popular money transfer options come with hidden fees. Using Monito , you can be sure that you avoid all additional charges and bad exchange rates.

How to send money from Canada to a bank account in Mexico at the best rate? 🏦

Your bank in Canada might not offer you the best rate to send money to Mexico. So if you want to maximize the money you send, you need to check the rates offered by banks and other money transfer services. But there are plenty of better options when it comes to transferring the funds from Canada to a bank account in Mexico . All the dedicated money transfer services you can find and compare on Monito. Sending money with an online money provider is easy-breezy. You just need to follow the steps below: Compare money transfer services to Mexico on Monito Choose the one that offers the lowest fees and the best CAD-MXN exchange rate Open an account online with them Set-up your transfer and provide the beneficiary's bank details in Mexico Pay for your transfer in CAD by wire transfer, debit or credit card Click “send” and... voilà! The money is on its way to Mexico 💸

Find the best ways to send money to Mexico from Canada

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

We found 11 providers offering money transfers to Mexico from Canada.

If you need the recipient to receive Mexican pesos in her bank account in Mexico, then InstaReM is at the moment the most competitive option with zero transfer fees and a competitive CAD-MXN exchange rate (their current rate is 1 CAD = 16.0265 MXN).

In comparison, the total cost of your transfer would be 56.83 CAD (which is roughly 13x as much) if you were to use Royal Bank of Canada for the very same transfer.

Two other options could also be good alternatives to InstaReM: XE Money Transfer and Wise.

If your recipient wants to be able to pick up Mexican pesos in cash where they live in Mexico, then Remitly is currently most competitive provider with no transfer fees and a very competitive CAD-MXN exchange rate (their current exchange rate is 1 CAD = 15.77 MXN).

In comparison, the total cost would be 22.39 CAD if you were to use MoneyGram to make the same transfer to a cash pick-up location.

This recommendation was updated a few minutes ago.

1 CAD = MXN Mid-market exchange rate

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$38M+ in Transfer fees saved

By choosing a transfer service found on Monito, the average user pays a total of just 0.59% in fees and exchange rates. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved nearly $40 million in total to date!
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For every service appearing on Monito, our experts build in-depth reviews using dozens of verifiable criteria to make clear, actionable recommendations to guide your decisions.
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Far too often, sending money abroad is both pricey and problematic. That's exactly why our team of experts works tirelessly to offer the most in-depth, up-to-date, and helpful consumer advice for your disposal.

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:

Best Ways to Send Money from Canada to Mexico

The cheapest: Remitly
The fastest: Remitly
The best mobile app: Wise
Best cash pick-up network in Mexico: WorldRemit
The cheapest (transfer to a bank account): XE Money Transfer

Best Rated Providers to Send Money from Canada to Mexico

9.5

8.8

8.4

8.0

7.8

7.8

7.7

6.6

FAQ about money transfers from Canada to Mexico

What's the best way to transfer money from Canada to Mexico?💸

The fees you pay for your transfer depend on the location, amount, and type of transfer you choose to complete. Finding secure, reliable, and affordable methods to send money from Canada to Mexico might be quite complicated.
That's why we recommend to use Monito comparison engine and find the best option for your next transfer from Canada to Mexico. When you compare your options, you can always be sure that you don’t pay any hidden fees.
What's the cheapest way to send money from Canada to Mexico?

Finding the cheapest way to send money from Canada to Mexico might take a lot of time. Instead of wasting your time, use Monito comparison tool, and find the cheapest way to send money from Canada to Mexico just in a few clicks. Many of the most popular money transfer options come with hidden fees. Using Monito, you can be sure that you avoid all additional charges and bad exchange rates.
How to send money from Canada to a bank account in Mexico at the best rate? 🏦
Your bank in Canada might not offer you the best rate to send money to Mexico. So if you want to maximize the money you send, you need to check the rates offered by banks and other money transfer services.
But there are plenty of better options when it comes to transferring the funds from Canada to a bank account in Mexico. All the dedicated money transfer services you can find and compare on Monito.
Sending money with an online money provider is easy-breezy. You just need to follow the steps below:
1. Compare money transfer services to Mexico on Monito
2. Choose the one that offers the lowest fees and the best CAD-MXN exchange rate
3. Open an account online with them
4. Set-up your transfer and provide the beneficiary's bank details in Mexico
5. Pay for your transfer in CAD by wire transfer, debit or credit card
6. Click “send” and... voilà! The money is on its way to Mexico 💸

See Monito's In-Depth Money Transfer Guides

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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.
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Questions you may have

How can I use Monito to find the best option to send money to Mexico?

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.
I simply use my bank to send money to Mexico, do I really need to compare other options?

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.
Can I trust a company I found on Monito but never heard about before?

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.
Is it possible to send money with Monito, or are you just a service to compare money transfer services?

Monito is not a money transfer company. We’re here to help you find the best way to send money to Mexico.

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.

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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.

Find the best ways to send money to Mexico from Canada

Compare 11 providers for a 625 CAD transfer from Canada to Mexico

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

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Monito's Recommendations for Sending Money from Canada to Mexico

Best Ways to Send Money from Canada to Mexico

Best Rated Providers to Send Money from Canada to Mexico

FAQ about money transfers from Canada to Mexico

See Monito's In-Depth Money Transfer Guides

Everyone wins, except expensive solutions

Questions you may have

Why Trust Monito?

Mid-market exchange rate