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Monito compares 15 money transfer providers offering money transfers from Germany to Mexico.
If your recipient wants to receive Mexican pesos in his bank account in Mexico, then the cheapest option is currently OFX, with no transfer fees and a good EUR-MXN exchange rate (current rate: 1 EUR = 24.5928 MXN).
When taking the exchange rate and the fees into account, the total cost of your transfer with OFX is 1.21 EUR, compared to that, the total cost would be 23.67 EUR (which is roughly 20x as much) if you selected to use Deutsche Bank for the very same transfer.
For a money transfer to Mexico, you can also check out two other competitive money transfer providers: Skrill and Paysend.
You prefer the money to arrive in cash? We currently compare 3 money transfer providers able to send Mexican pesos in cash in Mexico: the most competitive option currently is Remitly, with no transfer fees and a very competitive EUR-MXN exchange rate (their current rate is 1 EUR = 24.12 MXN).
In comparison, you would pay a total cost of 15.52 EUR if you were to use Small World for the very same transfer with cash pick-up as the pay-out option.
This recommendation was updated a few minutes ago.
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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 Germany to Mexico:
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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.
