Frequently Asked Questions

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

  The cheapest way to send money from Singapore to Mexico is through an online provider. Among the 10 available, Wise was most often the cheapest provider (in 52.6% of the searches on Monito.com in the past 3 months).

• What are the best providers to send money from Singapore to Mexico?

  Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:

  • Wise (cheapest in 52.6% of the searches)
  • Revolut (cheapest in 45.3% of the searches)
  • CurrencyFair (cheapest in 1.8% of the searches)
• How much does it cost to send money from Singapore to Mexico?

  If you send money with the cheapest available provider, the total cost of a SGD-MXN transfer was 0.4% of the transfer amount (including all fees and exchange rates) over the past month.

  In contrast, the cost of the most expensive option was 9.4%.

• What is the cost of making an international transfer from Singapore to Mexico using my bank?

  The average total cost (including hidden exchange rate markup) of making a SGD-MXN transfer with banks compared by Monito.com during the past months was 4.8% of the transfer amount. This is 13.0x more expensive than sending money with the cheapest online provider alternative.

  For a 2000 SGD transfer, this represents a saving potential of around 88.1 SGD.

• Is Western Union a good option for sending money from Singapore to Mexico?

  Western Union is a popular provider, with the biggest agent location network. The average cost of online money transfers from Singapore to Mexico with Western Union* is 6.3% of the amount you send, whereas the cheapest online services have an average cost of 0.4%.
  
  Remitly is the provider that is most often the cheapest for money transfers to a cash pick-up location in Mexico.
  
  *Sending money from physical agent locations with Western Union is usually much more expensive than using their online service.

• What's the cheapest provider to send money from Singapore to a cash pick-up location in Mexico?

  Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Mexico was Remitly, with an average cost of 3.9% of the amount you send (includes fees + exchange rate margin).
  
  The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.4%. Wise was the provider most often the cheapest for transfers to bank accounts in Mexico.

• What is the fastest option to send money from Singapore to Mexico

  The provider that was most often the fastest provider in comparisons of the past 30 days was Revolut (average fastest transfer time: In minutes)