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Monito Score
Recipient gets
10,793 MXN
10,754 MXN
True cost: 10.75 USD
Compare 3 providers
Sorted by amount received
Monito Score
Recipient gets
11,022 MXN
10,676 MXN
True cost: Free
Recipient gets
11,022 MXN
10,676 MXN
True cost: Free
Monito Score
Recipient gets
10,839 MXN
True cost: 8.45 USD
Recipient gets
10,730 MXN
True cost: 13.90 USD
10,487 MXN
True cost: 26.05 USD
Monito Score
Recipient gets
10,793 MXN
10,754 MXN
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.
Two other options worth considering for your transfer are Remitly and MoneyGram.
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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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:
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.
Using an online international money transfer service is the fastest and cheapest way to transfer money from the US to Mexico. There are several top online transfer platforms that offer USD to MXN transfers, including:
In general, money transfer services are the best way to send money abroad not only because they're the cheapest, but also because they're usually the fastest and easiest to use options out there. Find out more about money transfer services here.
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. It's for this reason that 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.
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.
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, for example, Wise, Skrill, Instarem, or WorldRemit to name a few.
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.
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:
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!
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.
Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day.
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.
Ranked by % total fees (incl. exchange rate margin) to send US$1000.00 on average in the past 30 days.
Photo by Frederik Trovatten on Unsplash
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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.
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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.
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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.
