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Best Ways to Transfer Money from the USA to Mexico

Country from
Country to
You send
To
  • 550 USD =
    12,194 MXN
    3-5 days
    Preferential fee and/or exchange rate only on your first transfer
    Best deal
    Monito Score
    9.0
    Go to Remitly
    You pay
    550 USD
    Payment options
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    • Bank transfer 3-5 days
      0 USD
    • Credit card In minutes
      0 USD
    • Debit card In minutes
      0 USD
    Exchange rate
    Preferential fee and/or exchange rate only on your first transfer
    Offer valid for Remitly new customers only.
    Remitly's exchange rate (1 USD = 22.1700 MXN) is 1.18% better than the mid-market exchange rate, subtracting -6.48 USD from the total cost of this transfer.
    3.56 USD -6.48 USD
    12,194 MXN
    arrives in Mexico
  • 550 USD =
    11,916 MXN
    Same day
    277.91 MXN less than with Remitly
    Monito Score
    8.1
    Go to Small World
    You pay
    550 USD
    Payment options
    • Bank transfer Same day
      0 USD
    • Credit card Same day
      0 USD
    • Debit card Same day
      0 USD
    Exchange rate
    Small World's exchange rate (1 USD = 21.6647 MXN) is 1.13% worse than the mid-market exchange rate, adding 6.20 USD to the total cost of this transfer.
    6.20 USD
    11,916 MXN
    arrives in Mexico
  • 550 USD =
    11,732 MXN
    In minutes
    ZERO fees on your first THREE transfers with code 3FREE
    461.21 MXN less than with Remitly
    Monito Score
    7.8
    Go to WorldRemit
    You pay
    550 USD
    Payment options
    ZERO fees on your first THREE transfers with code 3FREE
    New WorldRemit customers only. Apply the code during the transfer process in the ‘PROMO CODE’ section for each of first 3 transfers to get the discount.
    • Credit card In minutes
      2.99 USD 0 USD
    • Debit card In minutes
      2.99 USD 0 USD
    • Direct bank payment 3-5 days
      2.99 USD 0 USD
    Exchange rate
    WorldRemit's exchange rate (1 USD = 21.3314 MXN) is 2.65% worse than the mid-market exchange rate, adding 14.57 USD to the total cost of this transfer.
    14.49 USD 14.57 USD
    11,732 MXN
    arrives in Mexico
  • 550 USD =
    11,611 MXN
    3-5 days
    582.35 MXN less than with Remitly
    Monito Score
    7.7
    Go to MoneyGram
    You pay
    550 USD
    Payment options
    • Direct bank payment 3-5 days
      3.99 USD
    • Debit card In minutes
      9.49 USD
    • Credit card In minutes
      21.49 USD
    Exchange rate
    MoneyGram's exchange rate (1 USD = 21.2655 MXN) is 2.95% worse than the mid-market exchange rate, adding 16.11 USD to the total cost of this transfer.
    16.11 USD
    11,611 MXN
    arrives in Mexico
  • 550 USD =
    11,566 MXN
    Same day
    627.64 MXN less than with Remitly
    Monito Score
    6.4
    Go to Xoom
    You pay
    550 USD
    Payment options
    • Credit card Same day
      3.99 USD
    • Debit card Same day
      3.99 USD
    Exchange rate
    Xoom's exchange rate (1 USD = 21.1825 MXN) is 3.33% worse than the mid-market exchange rate, adding 18.18 USD to the total cost of this transfer.
    18.18 USD
    11,566 MXN
    arrives in Mexico

How to send money from the USA to Mexico at the best rate?

We currently compare 18 different money transfer providers to send money from the USA to Mexico.

If you need the recipient to receive Mexican pesos in his bank account in Mexico, then the cheapest provider currently is Remitly, with zero transfer fees and a competitive USD-MXN conversion rate (currently at 1 USD = 22.17 MXN).

The total cost of your transfer with Remitly is -6.48 USD, in comparison you would pay a total cost of 30.36 USD (which is approximately -5x more) if you wanted to use PayPal to make the same transaction.

For this transfer to Mexico, it could be interesting to also check out two other competitive providers: InstaReM and Skrill.

If you would like the recipient of your transfer to receive Mexican pesos in cash in Mexico, then the most competitive option currently is Remitly, with zero transfer fees and a competitive USD-MXN conversion rate (their current exchange rate is 1 USD = 22.17 MXN).

In comparison, you would pay a total cost of 22.17 USD if you were to use Xoom for the very same transaction.

For a cash money transfer to Mexico, it might be interesting to also consider two other competitive money transfer providers: Small World and WorldRemit.

This recommendation was updated a few minutes ago.

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

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:

recommendation icon

Best Ways to Send Money from the USA to Mexico

The Cheapest Ways to Transfer Money From the US to Mexico

  1. Instarem with 1.39% total fees
  2. Skrill with 1.96% total fees
  3. WorldRemit with 2.07% total fees
  4. Remitly with 2.37% total fees
  5. Wise with 3.43% total fees

Ranked by % total fees (incl. exchange rate margin) to send US$1000.00 on average in the past 30 days.

The Best Payment Method to Transfer Money From the US to Mexico

Photo by Frederik Trovatten on Unsplash

  1. Via a bank transfer with Instarem
  2. By debit card with WorldRemit
  3. By credit card with WorldRemit
  4. Via direct ACH bank payment with Wise
  5. In cash at a location with MoneyGram

The Best Ways To Receive Money In Mexico From the US to Mexico

  1. Via a bank deposit with Instarem
  2. Via debit/credit card with Remitly
  3. Via cash pick-up with MoneyGram
  4. Via home cash delivery with Xoom
  5. Pay bills with Xoom
  6. Top-up airtime with Xoom

FAQ about money transfers from the US to Mexico

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

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.

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Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.