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

There are several excellent options for the money transfer from the US to Mexico, depending on how the person you’re sending money to wants to get access to their pesos. All the options you can compare on Monito and make sure you get the best US dollar-peso exchange rate and the lowest fees.

Is it possible to send money online from the US to a cash pick-up location in Mexico?

Yes, a money transfer can be sent online in the US and then pick up in more than 18,000 locations in all 32 Mexican states. Cash pick up is an excellent option for those without access to banking or financial services. Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers to Mexico was WorldRemit, with an average cost of 0.0% of the amount you send (includes fees + exchange rate margin). With WorldRemit you can send money to the following network of banks and cash pickup partners in Mexico: Walmart Mexico (Mi Bodega Aurrera, Bodega Aurrera Express & Superama) AirPak (Modatelas, Muebles America, Maxilana, Calimax and many more) Elektra: more than 600 offices in all Mexican states (and the network keeps growing) Banco Azteca: there are more than 150 branches, located in all major cities in Mexico Bancoppel: the money can be sent to more than 1,300 branches located in all Mexican states BBVA Bancomer: Mexico’s largest bank with more than 1,830 offices located throughout the country Chedraui: more than 300 stores located in major Mexican cities Farmapronto: the largest pharmacy chain in Mexico with hundreds of stores in ex. Mexico City Telecomm Telegrafos: more than 1,600 offices located in rural areas (open Monday to Friday between 8:00am - 5:00pm and Saturday between 9:00am - 1:00pm) Pagos Intermex: offices available in all Mexican states (open from Monday to Friday between 8:00 am - 5:00 pm and Saturday between 10:00 am - 2:30 pm) Banorte: there are more than 1,000 branches located in ex. Aguascalientes, Alvaro Obregon, Benito Juarez, Coyoacan, Guadalajara, Miguel Hidalgo, Monterrey, Pueblo, Tijuana, Zapopan, and many more cities Banco Davivienda (Formerly Granbanco Bancafe S.A.): there are more than 40 branches located in ex. Bogota, Medellin, Cali or Barranquilla Super GIROS: more than 700 branches in all Colombian provinces and cities BBVA Colombia: a network of more than 500 bank branches throughout the country (ex. 134 in Bogota and 45 in Medellin) Bancolombia: more than 700 branches in the country (ex. in Armenia, Barranquilla, Bogota, Bucaramanga, Cali, Cucuta, Itagui, Manizales, Medellin, and many more).

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

Money transfers from the US to Mexico could be very expensive if you’re unaware of hidden conversion costs. We always recommend avoiding using banks, PayPal, or cash-based money transfer services while transferring the funds from the US to Mexico. Many money transfer operators are offering the lowest fees and the best US dollar-Mexican peso exchange rates. All the options you can compare on Monito to make sure you get the best deal for money transfers from the US to Mexico. The cheapest way to send money from the USA to Mexico is through an online provider. Among the 14 available, WorldRemit was most often the cheapest provider (in 49.1% of the searches on Monito.com in the past 3 months).

How to send money from the US to Mexican bank account at the best rate? 🏦

We highly recommend avoiding banks while transferring money from the US to Mexico. US banks charge a high upfront fee and a hidden currency exchange charge. The average total cost (including hidden exchange rate markup) of making a USD-MXN transfer with banks compared by Monito.com during the past months was 13.7% of the transfer amount. This is -127.2x more expensive than sending money with the cheapest online provider alternative. For a 1000 USD transfer, this represents a saving potential of around 138.3 USD. There are plenty of dedicated money transfer services that will allow you to send money to a Mexican bank account at the best rate. You can compare these services using Monito's live comparison tool. Here's how to send money from the US to a Mexican bank account with a money transfer specialist: Compare & find the cheapest service on Monito Open an account online with them Set-up your transfer and provide the beneficiary's bank details in Mexico Fund your transfer by wire transfer, debit or credit card Click “send”, and your money is on its way from the US to Mexico 💸

What is the fastest way to send money from the US to Mexico? 🔥

The speed of the transfer from the US to Mexico depends on the amount you send and the type of transfer you choose. With Monito, you will find a fast and reliable way to send money to Mexico. The provider that was most often the fastest provider in comparisons of the past 30 days was WorldRemit (average fastest transfer time : In minutes) In our comprehensive guide, you will find out how to choose the fastest money transfer services for your next transfer from the US to Mexico. We also share advice on how to make your money transfer even faster.

How much does it cost to send money from the USA to Mexico?

If you send money with the cheapest available provider, the total cost of a USD-MXN transfer was -0.1% of the transfer amount (including all fees and exchange rates) over the past month. In contrast, the cost of the most expensive option was 6.9%.

Find the best ways to send money to Mexico from the USA

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Top Providers For transfers from the USA to Mexico

Based on 22,589 comparisons made by Monito users in the past 3 months.

Compare live results

Best for Transfers to a Bank Account

Cheapest
8.0

Cheapest

in 49% of all comparisons
Go to WorldRemit
Top rated
9.5

Top rated

in 100% of all comparisons
Go to Wise
Fastest
8.1

Fastest

in 58% of all comparisons
Go to Instarem

Best of 13 providers. Compare all

Best for Transfers to Cash Pickup

Cheapest
8.0

Cheapest

in 53% of all comparisons
Fastest

in 53% of all comparisons
Go to WorldRemit
Top rated
9.1

Top rated

in 100% of all comparisons
Go to Remitly

Best of 3 providers. Compare all

Stay on top of the market

1 USD = MXN Mid-market exchange rate

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25M+ comparisons made

With more than 7 million searches per year, Monito's real-time comparison engine is a world leader in comparing international money transfer services.
$80M+ 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 around $80 million in total to date!
200+ providers compared

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.
2,000+ in-depth guides

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.

Monito's Recommendations for Sending Money from the USA to Mexico

Affiliate disclosure

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 the USA to Mexico:

Best Ways to Send Money from the USA to Mexico

The best rated: Wise (9.5/10)
The cheapest: WorldRemit and Remitly
The fastest: WorldRemit
The best rated (transfer to cash pickup): Remitly (9.1/10)
The fastest (transfer to a bank account): Instarem
The cheapest (transfer to a mobile wallet): Xoom

About Money Transfers from the USA to Mexico

Monito compares 14 providers offering international money transfer services from the USA to Mexico. The total cost of the cheapest available option at any given point in the past month was -0.1% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 6.9%.

💸 Number of providers	14
🏆 Most often cheapest provider	WorldRemit
💰 Average Lowest Total Cost	-0.1%
💰 Highest Total Cost	6.9%
👍 Recommended Providers	Xoom, Remitly, Instarem, Revolut, WorldRemit, Wise, XE Money Transfer, Moneycorp, Xendpay, OFX, CurrencyFair, Paysend, Halo Financial
⚡ ️Fastest Transfer Time	In minutes
💳 Pay-in Options	Bank transfer, Credit card, Debit card, Direct bank payment, International bank transfer
💵 Pay-out Options	Cash pickup, Bank account, Airtime top-up, Bank account (via international transfer), payout.BILL, Card, Mobile wallet, Cash delivery
💸 Most transferred amount	1000 USD

How to Transfer Money From the US to Mexico

If you're sending money from the US to Mexico, you'll have two main options. One will be to go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service.

1 — How to Transfer Money to a Mexican Bank Account

Using an online international money transfer service is the fastest and cheapest way to transfer money from the US to Mexico. In general, money transfer services are the best way to send money abroad because they're the cheapest and usually the fastest and easiest-to-use options out there. Find out more about money transfer services here.

2 — Bank Transfers From the US to Mexico

Using your bank — whether it be Wells Fargo, Bank of America, Citibank, Capital One, or any other — is indeed a reliable option for sending money from your bank account to a bank account in Mexico. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps along the way.

In fact, sending money from the US to Mexico with Wells Fargo, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. This is why we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

3 — Google Pay US to Mexico

A lot of people wonder whether or not they can use Google Pay to send money from the US to Mexico. Fortunately, it's possible to send money this way at this time, and, if you're sending money to a Mexican bank account, we recommend using Wise (rather than Western Union) to get the job done, as it's normally the cheaper option.

Online Money Transfers to Mexico From the US

Would you describe yourself as tech-savvy? Then you'll find online money transfers very handy. The good news is that you could get more pesos for your dollars by switching to one of the online money transfer providers such as Global66.

In the 21st century, an online money transfer is the equivalent of wiring money — only it's much cheaper and easier! With online money providers, you can send money via your mobile phone, laptop, or tablet with just a few clicks. There's no need to go to a bank or money transfer physical location. They offer much better USD-MXN exchange rates than banks and low and transparent fees. Compare your options in the list above to find the fastest, best-rated, or cheapest option to send money to Mexico.

Make sure to compare your options before every transfer from the US to Mexico to get the best USD-MXN exchange rate every time.

The Cheapest Way to Send Money From the US to Mexico

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees (which include hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

Pay-in options: Credit card, bank transfer, cash payment, etc.
Amount transferred from the US to Mexico: The cheapest operator will not necessarily be the same for a transfer of $500 and a transfer of $5,000.
Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to Mexico. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to Mexico From the US

It comes as no surprise that the speed of your transfer depends on the method you choose to send your money from the US to Mexico.

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

FAQ About Money Transfers From the US to Mexico

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

There are several excellent options for the money transfer from the US to Mexico, depending on how the person you’re sending money to wants to get access to their pesos.
All the options you can compare on Monito and make sure you get the best US dollar-peso exchange rate and the lowest fees.
Is it possible to send money online from the US to a cash pick-up location in Mexico?
Yes, a money transfer can be sent online in the US and then pick up in more than 18,000 locations in all 32 Mexican states. Cash pick up is an excellent option for those without access to banking or financial services.
Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers to Mexico was WorldRemit, with an average cost of 0.0% of the amount you send (includes fees + exchange rate margin).
With WorldRemit you can send money to the following network of banks and cash pickup partners in Mexico:
- Walmart Mexico (Mi Bodega Aurrera, Bodega Aurrera Express & Superama)
- AirPak (Modatelas, Muebles America, Maxilana, Calimax and many more)
- Elektra: more than 600 offices in all Mexican states (and the network keeps growing)
- Banco Azteca: there are more than 150 branches, located in all major cities in Mexico
- Bancoppel: the money can be sent to more than 1,300 branches located in all Mexican states
- BBVA Bancomer: Mexico’s largest bank with more than 1,830 offices located throughout the country
- Chedraui: more than 300 stores located in major Mexican cities
- Farmapronto: the largest pharmacy chain in Mexico with hundreds of stores in ex. Mexico City
- Telecomm Telegrafos: more than 1,600 offices located in rural areas (open Monday to Friday between 8:00am - 5:00pm and Saturday between 9:00am - 1:00pm)
- Pagos Intermex: offices available in all Mexican states (open from Monday to Friday between 8:00 am - 5:00 pm and Saturday between 10:00 am - 2:30 pm)
- Banorte: there are more than 1,000 branches located in ex. Aguascalientes, Alvaro Obregon, Benito Juarez, Coyoacan, Guadalajara, Miguel Hidalgo, Monterrey, Pueblo, Tijuana, Zapopan, and many more cities
- Banco Davivienda (Formerly Granbanco Bancafe S.A.): there are more than 40 branches located in ex. Bogota, Medellin, Cali or Barranquilla
- Super GIROS: more than 700 branches in all Colombian provinces and cities
- BBVA Colombia: a network of more than 500 bank branches throughout the country (ex. 134 in Bogota and 45 in Medellin)
- Bancolombia: more than 700 branches in the country (ex. in Armenia, Barranquilla, Bogota, Bucaramanga, Cali, Cucuta, Itagui, Manizales, Medellin, and many more).
What's the cheapest way to send money to Mexico from the US?

Money transfers from the US to Mexico could be very expensive if you’re unaware of hidden conversion costs. We always recommend avoiding using banks, PayPal, or cash-based money transfer services while transferring the funds from the US to Mexico.
Many money transfer operators are offering the lowest fees and the best US dollar-Mexican peso exchange rates. All the options you can compare on Monito to make sure you get the best deal for money transfers from the US to Mexico.
The cheapest way to send money from the USA to Mexico is through an online provider. Among the 14 available, WorldRemit was most often the cheapest provider (in 49.1% of the searches on Monito.com in the past 3 months).
How to send money from the US to Mexican bank account at the best rate? 🏦
We highly recommend avoiding banks while transferring money from the US to Mexico. US banks charge a high upfront fee and a hidden currency exchange charge.
The average total cost (including hidden exchange rate markup) of making a USD-MXN transfer with banks compared by Monito.com during the past months was 13.7% of the transfer amount. This is -127.2x more expensive than sending money with the cheapest online provider alternative.
For a 1000 USD transfer, this represents a saving potential of around 138.3 USD.
There are plenty of dedicated money transfer services that will allow you to send money to a Mexican bank account at the best rate. You can compare these services using Monito's live comparison tool.
Here's how to send money from the US to a Mexican bank account with a money transfer specialist:
1. Compare & find the cheapest service on Monito
2. Open an account online with them
3. Set-up your transfer and provide the beneficiary's bank details in Mexico
4. Fund your transfer by wire transfer, debit or credit card
5. Click “send”, and your money is on its way from the US to Mexico 💸
What is the fastest way to send money from the US to Mexico? 🔥

The speed of the transfer from the US to Mexico depends on the amount you send and the type of transfer you choose. With Monito, you will find a fast and reliable way to send money to Mexico.
The provider that was most often the fastest provider in comparisons of the past 30 days was WorldRemit (average fastest transfer time : In minutes)
In our comprehensive guide, you will find out how to choose the fastest money transfer services for your next transfer from the US to Mexico. We also share advice on how to make your money transfer even faster.
How much does it cost to send money from the USA to Mexico?

If you send money with the cheapest available provider, the total cost of a USD-MXN transfer was -0.1% of the transfer amount (including all fees and exchange rates) over the past month.
In contrast, the cost of the most expensive option was 6.9%.

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Best Rated Providers to Send Money from the USA to Mexico

9.5

9.1

9.0

8.8

8.5

8.5

8.4

8.1

8.0

8.0

6.9

6.6

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Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

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.
Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

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.

Learn more about Monito

Monito is Trusted by 15+ Millions Users across the globe.
Monito's experts spend hours researching and testing services
Affiliate commissions we may receive never impact our independence

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 the USA

Top Providers For transfers from the USA to Mexico

Best for Transfers to a Bank Account

Best for Transfers to Cash Pickup

Stay on top of the market

Get our email alerts

Compare 12 providers for a 1,000 USD transfer from the USA to Mexico

Monito's Recommendations for Sending Money from the USA to Mexico

Best Ways to Send Money from the USA to Mexico

About Money Transfers from the USA to Mexico

How to Transfer Money From the US to Mexico

1 — How to Transfer Money to a Mexican Bank Account

2 — Bank Transfers From the US to Mexico

3 — Google Pay US to Mexico

Online Money Transfers to Mexico From the US

The Cheapest Way to Send Money From the US to Mexico

Fastest Way To Send Money to Mexico From the US

FAQ About Money Transfers From the US to Mexico

See Our Similar Guides

Best Rated Providers to Send Money from the USA 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