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True cost: 10.75 USD
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True cost: Free
True cost: Free
True cost: 8.45 USD
True cost: 13.90 USD
True cost: 26.05 USD
True cost: 10.75 USD
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.
Our comparison engine found 10 different options available for sending money from the USA to Mexico.
If you need the recipient to receive Mexican pesos in a bank account in Mexico, then XE Money Transfer is at the moment the most competitive option with zero transfer fees and a competitive USD-MXN exchange rate (their current exchange rate is 1 USD = 20.1192 MXN).
The total cost of your transfer with XE Money Transfer is -2.88 USD, in comparison the total cost would be 24.39 USD (approximately -8x as much) if you selected to use Xendpay for the very same transfer.
If the recipient of the transfer wants to receive Mexican pesos in cash where they live in Mexico, then the most competitive option currently is Remitly, with no transfer fees and a very competitive USD-MXN exchange rate (their current exchange rate is 1 USD = 20.04 MXN).
In comparison, the total cost of your transfer would be 10.75 USD if you chose to use WorldRemit to make the same transfer to a cash pick-up location.
This recommendation was updated a few minutes ago.
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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.
With WorldRemit you can send money to the following network of banks and cash pickup partners in Mexico:
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.
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.
But 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:
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.
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.
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.