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Consistently poor exchange rates, high fees and low customer satisfaction.
We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.
If the recipient of the transfer wants to receive Mexican pesos in his bank account in Mexico, then the most competitive provider at the moment is Wise, with 3.85 SGD for the transfer fees and a competitive SGD-MXN conversion rate (their current rate is 1 SGD = 14.4784 MXN).
In comparison, the total cost would be 58.56 SGD (which is roughly 16x as much) if you selected to use United Overseas Bank for the very same transfer.
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.