Send Money to Mexico | Best MXN Exchange Rates 2026 | RemitSelect
⭐ Latin America's Largest Remittance Market
Mexico flag
Sending to Mexico

Send Money to Mexico
at the Best Rates

Compare 35+ verified providers for GBP, AUD, USD, CAD → MXN transfers. See real exchange rates, real fees — and make sure every peso reaches your family in full.

Compare Rates Now → How It Works ↓
35+
Verified Providers
Free
To Compare
6
Sending Countries
1–3
Day Transfers
Popular Corridors → MXN
Live Rates
🇺🇸🇲🇽
USD → MXN
USA to Mexico
19.84
↑ +0.21%
🇬🇧🇲🇽
GBP → MXN
UK to Mexico
25.37
↑ +0.17%
🇪🇺🇲🇽
EUR → MXN
Europe to Mexico
21.62
↑ +0.09%
🇨🇦🇲🇽
CAD → MXN
Canada to Mexico
14.53
↓ −0.04%
🇦🇺🇲🇽
AUD → MXN
Australia to Mexico
12.88
↑ +0.12%
🇦🇪🇲🇽
AED → MXN
UAE to Mexico
5.40
↑ +0.10%
Compare All Rates for Mexico →
Indicative rates. Actual rates vary by provider & amount.
🔒FCA & Banxico Regulated Providers
⚡Transfers in 1–3 Days
💸Zero Hidden Fees
🔍Free Rate Comparison
🌟35+ Verified Providers
Why Mexico

Remittances Are Mexico's
Second Largest Income Source

Mexico receives over $63 billion USD in remittances annually — the largest recipient in Latin America and among the top five in the world — accounting for roughly 3.6% of GDP. The Mexican diaspora, concentrated heavily in the USA but also spread across Canada, the UK, and Spain, sends critical support home, funding family living expenses, education, housing construction, and micro-enterprises. With MXN exchange rate spreads varying significantly between providers, comparing before every transfer is the most impactful step diaspora senders can take to maximise value.

⚡
SPEI — Mexico's Real-Time Interbank Transfer Network
Mexico's SPEI (Sistema de Pagos Electrónicos Interbancarios) operated by Banxico enables real-time, 24/7 peso transfers between all Mexican banks. Nearly all international remittance providers route funds to Mexico via SPEI, meaning recipients can receive money directly into any Mexican bank account within minutes of the sender completing the transfer — one of the fastest domestic settlement systems in the Americas.
🏪
OXXO & Cash Networks Reach Every Corner of Mexico
With over 22,000 OXXO convenience stores nationwide, cash pickup and account top-ups are available across every Mexican state — from Mexico City and Guadalajara to the most rural communities. CoDi (Cobro Digital) and digital wallets like Mercado Pago, Clip, and BBVA Wallet are rapidly expanding access for unbanked recipients, complementing traditional cash and bank delivery options.
🔍
MXN Rate Spreads Can Exceed 4–6% Between Providers
The gap between the best and worst provider for USD→MXN on any given day can translate into hundreds of extra pesos per transfer. Traditional banks and high-street services consistently charge the most. Digital-first providers, US-Mexico specialist services, and fintech platforms offering the mid-market rate with flat fees deliver significantly more pesos — making comparison on every transfer essential for regular senders.
$63B+
Remittances received by Mexico annually
12M+
Mexican-born residents in the USA alone
~3.6%
Of Mexican GDP powered by remittances
22K+
OXXO cash pickup locations nationwide
Sending Corridors

Choose Your Sending Country

Select the corridor that matches where you're sending from and instantly compare the best providers for that specific route to Mexico.

🇺🇸🇲🇽
USA to Mexico
USD → MXN
Compare Rates →
🇬🇧🇲🇽
UK to Mexico
GBP → MXN
Compare Rates →
🇪🇺🇲🇽
Europe to Mexico
EUR → MXN
Compare Rates →
🇨🇦🇲🇽
Canada to Mexico
CAD → MXN
Compare Rates →
🇦🇺🇲🇽
Australia to Mexico
AUD → MXN
Compare Rates →
🇦🇪🇲🇽
UAE to Mexico
AED → MXN
Compare Rates →
Simple Process

Send Money to Mexico in 4 Easy Steps

Start Comparing →
1
🌍
Choose Your Corridor
Select where you're sending from and enter the amount in your currency. We'll instantly surface the best routes to Mexico — no sign-up needed.
2
📊
Compare All Providers
View side-by-side MXN exchange rates, transfer fees, delivery speed, and user ratings for every verified provider available on your specific corridor.
3
🎯
Pick the Best Deal
Choose the provider that best fits your priorities — highest MXN rate, lowest fee, fastest delivery, or best SPEI bank deposit and OXXO cash pickup support.
4
✅
Transfer with Confidence
Complete your transfer directly with the chosen provider. Your family in Mexico receives funds securely, typically within 1–3 business days.

Why Leave Pesos on the Table?

The difference between the best and worst provider for a $1,000 transfer to Mexico can be over MX$600 in exchange rate margin alone — before fees. RemitSelect shows you exactly who offers the best MXN deal, in seconds, completely free.

Compare Mexico Rates Free →
✓ Free to use   ✓ No sign-up required   ✓ Instant results
How to Pay

Flexible Payment Methods

Most providers support multiple payment methods for Mexico transfers. The right choice depends on your bank, how quickly funds are needed, and the total amount you're sending.

🏦
Most Popular
Bank Transfer
Fund your transfer directly from your current account. No card surcharges, best available rates. The standard choice for larger MXN transfers above $500.
💳
Instant
Debit Card
Funds dispatched immediately — perfect for urgent transfers. A small surcharge may apply with some providers but excellent for time-sensitive situations.
💰
Secure
Credit Card
Accepted by select providers but typically carries higher fees and may be treated as a cash advance by your card issuer. Always review the full cost before confirming.
📱
Instant
Open Banking / Pay by Bank
A modern, secure method with no card surcharges and strong fraud protection. Increasingly supported by UK and US-based Mexico-focused remittance providers.
🪙
Secure
Cash Deposit
Walk into an agent location and pay in cash — available through Western Union, MoneyGram, and Ria with networks across US, UK, and Canadian cities.
🌐
Popular
Digital Wallet
Pay via PayPal or Zelle on select platforms. Particularly convenient on the US→Mexico corridor and useful for scheduling recurring monthly transfers to Mexico.
How Recipients Get Paid

Receiving Options in Mexico

Mexico has one of the world's most developed remittance ecosystems — from instant SPEI bank transfers and OXXO cash pickup to digital wallets reaching every state in the country.

🏦
Bank Account Deposit (SPEI)
Direct MXN deposit into any Mexican bank account via SPEI — Banxico's real-time interbank network operating 24/7. The fastest and most reliable method for all transfer sizes, with nationwide coverage across all states.
BBVA México Banamex Banorte Santander MX HSBC México Scotiabank MX
🏪
OXXO Cash Pickup
Instant MXN cash collection from over 22,000 OXXO stores nationwide — available in every Mexican state from major cities to rural towns. One of the world's most accessible cash payout networks. Valid ID required.
22,000+ Locations All 32 States Near-Instant Western Union
💵
Cash Pickup Agents
Recipients collect MXN cash from thousands of agent locations — from pharmacies and supermarkets to dedicated exchange offices. Available within minutes of sending via major remittance networks.
Western Union MoneyGram Ria Money Transfer Intermex
📱
Digital Wallets & CoDi
Instant delivery to Mercado Pago, BBVA Wallet, Clip, and Banxico's CoDi digital payment platform. Funds can be spent at millions of merchants, used for bill payments, or withdrawn at ATMs and OXXO nationwide.
Mercado Pago CoDi BBVA Wallet Spin by OXXO
🏛️
Bank Remittance Counters
Dedicated diaspora remittance windows at BBVA, Banorte, Banamex, and other major banks across all 32 Mexican states. Extended hours and specialist customer support for recipients of international transfers.
BBVA México Banorte Banxico Licensed All 32 States
🏧
ATM Card Delivery
Select providers issue prepaid Visa/Mastercard debit cards linked to the transfer — recipients withdraw MXN from any ATM in Mexico or spend directly at POS terminals, no bank account required.
Visa Prepaid Mastercard Nationwide ATMs No Bank Needed
Expert Advice

Tips to Save More on Mexico Transfers

Diaspora remittances are too important to lose to unnecessary fees and poor exchange rates. These tips will help every Mexican family abroad maximise what reaches home.

01
Always Compare Before You Send — MXN Spreads Are Some of the Widest Globally
The Mexico corridor is one of the highest-volume remittance routes in the world, yet some providers still charge 4–6% over the mid-market rate while specialist services offer near-zero margins with flat fees. A 60-second comparison on RemitSelect before every transfer could save your family thousands of pesos a year without any extra effort. The best rate today may not be the best provider next month — regular comparison is the single most impactful habit for diaspora senders.
02
Use SPEI Bank Deposit for Speed and Reliability
If your recipient has a Mexican bank account, SPEI delivers pesos in real-time — often within seconds — 24 hours a day, 7 days a week, including weekends and public holidays. The CLABE number (18-digit interbank account code) is all you need. For recurring transfers, setting up SPEI delivery via a low-cost provider is the most efficient and cost-effective approach available on the Mexico corridor today.
03
Fund via Bank Transfer or ACH — Avoid Card Payment Surcharges
Paying by debit or credit card adds 0.5–2.5% to your total transfer cost on most platforms. Bank-to-bank or ACH funding keeps more pesos flowing to your family. US senders in particular should look for providers supporting Zelle or direct ACH pull, which typically result in zero payment surcharges. For UK senders, open banking (Pay by Bank) offers the same zero-fee benefit and is now supported by most major Mexico-focused providers.
04
Have Your Recipient's CLABE Number Ready
Mexico uses an 18-digit CLABE (Clave Bancaria Estandarizada) as the unique identifier for all bank-to-bank SPEI transfers — not just an account number. Recipients can find their CLABE in their online banking app or by calling their bank. Having it ready before you start the transfer avoids errors and delays. For OXXO cash pickup, you'll need the recipient's full legal name as it appears on their INE/IFE voter ID or passport.
05
Consider US-Mexico Specialists for the USD→MXN Corridor
The USD→MXN corridor is the world's highest-volume remittance route, with companies like Remitly, Sendwave, Intermex, and Sigue built specifically around it. These specialists often offer tighter MXN spreads, loyalty bonuses for regular senders, Spanish-language customer support, and integration with Mexican payroll platforms. If you're sending monthly from the US to Mexico, a corridor-specialist provider will almost always outperform a general-purpose money transfer service on both rate and delivery experience.
Regulations

Transfer Limits &
Regulations to Know

Money transfers to Mexico are regulated by Banxico (Banco de México) and the CNBV (Comisión Nacional Bancaria y de Valores) on the receiving side, and by financial authorities in your sending country. Knowing the key rules prevents surprises on large transfers.

  • Mexico imposes no annual cap on inward personal remittances. Transfers for family support, education, healthcare, and personal use are fully permitted under Banxico regulations.
  • Banxico requires all remittance service providers and their Mexican partner institutions to be authorised. Only use Banxico-registered or internationally regulated services — unlicensed operators offer no consumer protection.
  • Transfers above your provider's threshold (typically $5,000–$10,000) require enhanced identity verification — government-issued ID, proof of address, and sometimes source-of-funds documentation.
  • From the US, transfers that aggregate above $10,000 within a year to a single beneficiary may attract enhanced scrutiny under FinCEN anti-money laundering obligations on the sender's side.
  • SPEI and digital wallet incoming transactions are subject to Banxico-mandated per-transaction and monthly limits based on KYC tier. For larger remittances, direct bank account deposit via SPEI is recommended to avoid wallet restrictions.
📋 Key Limits at a Glance
Mexico inward remittance cap No annual limit
Typical provider per-transfer limit $5,000–$500,000
ID required from $500–$1,000 (varies)
Enhanced due diligence from $10,000+ per transaction
SPEI real-time settlement No fixed ceiling
CoDi/digital wallet incoming limit Up to MX$8,000/month (Tier 1)
Recipient tax on personal remittances Generally nil
⚠️ Limits vary by provider, sending country, and transfer purpose. This is indicative only — always verify with your chosen provider and a financial/tax advisor for large transfers.
Common Questions

Frequently Asked Questions

Everything you need to know about sending money to Mexico.

What is the best way to send money to Mexico?

Mexico-focused services like Remitly, Sendwave, Wise, and Intermex typically offer significantly better MXN rates than high-street banks — often 4–6% better. Use RemitSelect to compare all available options instantly for your specific amount and sending corridor before every transfer.

How long does a money transfer to Mexico take?

SPEI bank deposits are real-time 24/7 — often arriving within seconds. Cash pickup through OXXO, Western Union, and MoneyGram is typically available within minutes. Standard bank transfers via SWIFT arrive within 1–3 business days. Digital wallet deliveries to Mercado Pago and CoDi are usually instant once the sender completes the transfer.

Is there a limit on how much I can send to Mexico?

Banxico imposes no annual cap on receiving personal remittances. Individual provider limits typically range from $5,000 to $500,000 per transfer. Digital wallets and CoDi have their own per-transaction and monthly limits based on KYC tier — for larger amounts, direct SPEI bank account deposit is recommended to avoid restrictions.

Do I need to pay tax on money sent to Mexico?

Personal remittances received in Mexico for family support are generally not subject to income tax under Mexican law. Very large amounts or business-related transfers may have implications under Mexico's Ley del ISR (Income Tax Law). Tax obligations in your sending country may also apply — a tax adviser can clarify for large or regular transfers.

What details do I need to send money to Mexico?

For SPEI bank deposits: the recipient's full name, 18-digit CLABE number, and bank name. For digital wallets: their registered mobile number or CoDi reference. For OXXO or cash pickup: the recipient's full name exactly as it appears on their valid government-issued ID (INE/IFE voter card, passport, or CURP document).

Which banks in Mexico accept international transfers?

All major Mexican commercial banks accept international remittances via SPEI, including BBVA México, Banamex (Citibanamex), Banorte, Santander México, HSBC México, Scotiabank México, Banco Azteca, and BanBajío. Most have dedicated diaspora remittance programmes with real-time SPEI delivery and extended customer service hours.