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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.
We currently compare 11 different money transfer providers available to make a transfer to Mexico from Spain.
If you need the recipient to receive Mexican pesos in a bank account in Mexico, then the most competitive option is currently WorldRemit, with 3.99 EUR for the transfer fees and a very competitive EUR-MXN conversion rate (their current rate is 1 EUR = 20.8579 MXN).
Adding the fees and exchange rate margin, the total cost with WorldRemit is 3.37 EUR, but the total cost of your transfer would be 343.67 EUR (which is approximately 102x as much) if you wanted to use Banco Sabadell to make the same transfer.
If you would like the recipient of your transfer to get Mexican pesos in cash in Mexico, then WorldRemit is currently most competitive provider with competitive fees of 4.99 EUR and a competitive EUR-MXN conversion rate (current rate: 1 EUR = 20.8579 MXN).
In comparison, the total cost of your transfer would be 228.51 EUR if you were to use Remitly to make the same transfer to a cash pick-up location.
This recommendation was updated a few minutes ago.
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Exchange rates and fees change often — they may have even changed since you last sent money from Spain to Mexico. So for the best deal, you need to make a comparison before every transfer. Sounds complicated, right? With the Monito comparison engine, you can do it with just a few simple clicks.
Monito comparison tool will help you find and compare the fees and USD-MXN exchange rates before your next transfer from Spain to Mexico.
🚫Let's start with the solutions you should avoid while transferring the money from Spain to Mexico: banks, PayPal, and cash-based money transfers. These services entice people by offering "zero service charges", but in reality, they use ridiculous hidden exchange rates.
✅But we know the solution to that! Use Monito to compare your money transfer options from Spain to Mexico. Choose the cheapest option for your transfer to Mexico, and more money will arrive.
Yes, the transfer from Spain can be collected in various pickup locations in Mexico. Sending money to a pick up-location is an excellent option when ex. a beneficiary does not have a bank account.
WorldRemit offers more than 18,000 cash pickup locations across Mexico. With WorldRemit cash is available to collect instantly from any branch of:
Banks in Spain are notorious for offering poor exchange rates. You may be charged with hefty fees in the form of bad exchange rates.
On Monito, you can find an online money transfer provider that will allow you to send money to a Mexican bank account at the best rate.
Here's how to send money from Spain to Mexico at the best rate:
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.