SPEI Bank Deposits · Cash Pickup
Sending toMexico · MXN
Send Money to Mexico at the Best Exchange Rates
Send money to Mexico for less. Compare verified money transfer providers for USD, GBP, EUR, CAD, AUD and NZD to MXN side by side — exchange rate, fee and delivery speed together — so you can see exactly what your family in Mexico will receive before you send.
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Why compare
Money Transfer to Mexico: Why Comparing Providers Matters
Mexicans living in the USA, Canada, Europe and beyond regularly send money home for family support, education and housing. With many providers competing for every money transfer to Mexico, exchange rates and fees vary from one provider to the next, which makes comparing the easiest way to get more pesos to your family.
SPEI makes bank payouts fast
Mexico's SPEI interbank system runs 24/7, so once your provider sends the payout it can reach a Mexican bank account within minutes. The sending side is where the real savings are found.
Cash pickup is widely available
Recipients without a bank account can collect pesos from agent and retail locations across the country, depending on the provider you choose.
A small rate difference adds up
A 1% gap on a $1,000 transfer is $10 gone before your family sees a peso. Over a year of monthly support, that difference compounds quickly.
Sending corridors
Money Transfer to Mexico: Choose Your Sending Country
Select the corridor that matches where you are sending from to compare the best money transfer rates to Mexico for that specific route.
USA to Mexico money transfer comparison
USD → MXN
UK to Mexico money transfer comparison
GBP → MXN
Europe to Mexico money transfer comparison
EUR → MXN
Canada to Mexico money transfer comparison
CAD → MXN
Australia to Mexico money transfer comparison
AUD → MXN
New Zealand to Mexico money transfer comparison
NZD → MXN
Quick compare
Popular Amounts to Send to Mexico
Jump straight to a comparison for a common transfer amount, in whichever currency you are sending from.
Send USD to Mexico
USD → MXNSend GBP to Mexico
GBP → MXNSend EUR to Mexico
EUR → MXNSend CAD to Mexico
CAD → MXNSend AUD to Mexico
AUD → MXNSend NZD to Mexico
NZD → MXN
USA to Mexico
How to Send Money to Mexico from the USA
The USA is Mexico's biggest sending market, and USD to MXN is the corridor most people compare first. To send money from the USA to Mexico, compare providers for your amount, pay from your US bank account or card, and enter your recipient's CLABE or cash pickup details.
- Best value
Pay from your US bank account
Funding a transfer from a US bank account usually gives the best exchange rate and the lowest fees, and it is exempt from the 1% US remittance tax.
- Since 2026
Know the 1% remittance tax
Since 1 January 2026, transfers funded with cash, a money order or a cashier's check carry a 1% US federal tax. Bank account and US debit or credit card funding is exempt.
- Compare
Check the MXN amount received
US providers must show the exchange rate, fees and the amount your recipient receives before you pay. Compare that final peso figure, not just the headline rate.
Simple process
How to Send Money to Mexico in 4 Steps
- 1
Choose your corridor
Select where you are sending from and enter the amount. We show you the providers offering that route to Mexico.
- 2
Compare providers
See exchange rates, transfer fees, delivery speed and user ratings for each verified provider, side by side.
- 3
Pick the best deal
Choose the provider that fits your priority: the strongest MXN rate, the lowest fee, or the fastest delivery.
- 4
Send with confidence
Complete the transfer directly with your chosen provider. Bank payouts often arrive in minutes, and cash pickup is often available the same day.
How to pay
Ways to Pay When You Send Money to Mexico
Most providers accept several ways to pay. The right choice depends on your bank, the size of your transfer, and how quickly you need the money to arrive.
- Most popular
Bank transfer
Send directly from your bank account. Usually the best rates and no card surcharges, and the most reliable option for larger transfers.
- Instant
Debit card
Fast and convenient, with funds sent immediately. Some providers add a small surcharge, but there is no credit risk.
- Secure
Credit card
Accepted by some providers, though it often carries higher fees and may be treated as a cash advance by your card issuer.
- Instant
Open banking / pay by bank
A newer method offered by select providers: fast setup, no card fees, and strong fraud protection built in.
- Secure
Cash deposit
Visit an agent location and pay in cash. Useful if you do not have a bank account, but in the USA cash-funded transfers carry a 1% federal tax.
- Popular
Digital wallet
Pay via Apple Pay, Google Pay or PayPal on select platforms. Convenient for scheduling regular monthly support to Mexico.
How recipients get paid
How Your Family Can Receive Money in Mexico
Mexico supports a wide range of receiving methods, from instant bank deposits to cash pickup and mobile wallets.
Bank deposit (SPEI)
Pesos go directly into a Mexican bank account through SPEI, the 24/7 interbank system run by Banxico. You need the recipient's 18-digit CLABE and full name.
Retail cash pickup
Some providers let recipients collect pesos or receive deposits at convenience stores and retail partners across the country. Valid ID is usually required.
Cash pickup agents
The recipient collects pesos from an agent location, often within minutes of sending. The name must match their valid government ID.
Mobile wallets
Select providers pay out to digital wallets, which recipients can use for payments or cash out. Wallet limits are lower than for bank accounts.
Bank branch counters
Some banks and retail banks offer remittance payout counters, which suits recipients who prefer to collect in person.
Prepaid card
Select providers issue or top up a prepaid card linked to MXN, useful for recipients who do not have a bank account.
Expert advice
Tips to Get the Best Rate When Sending Money to Mexico
Small choices in how, when and how much you send can add up to real savings over a year. Here is what experienced senders know.
Compare before every transfer, even with a regular provider
Exchange rates and promotions change often. A provider that offered the best deal last month may not today. Checking Remit Select before each transfer takes under a minute and can save real money.
Use a bank deposit for speed and reliability
If your recipient has a Mexican bank account, SPEI delivery is usually the fastest and most dependable option. All you need is their 18-digit CLABE, which they can find in their banking app.
Fund by bank account, not card or cash
Paying by debit or credit card can add a surcharge, and in the USA cash-funded transfers carry a 1% federal tax. Bank transfers are usually the cheapest way to fund a transfer to Mexico.
Send larger amounts less often to reduce fees
Many providers charge a flat fee per transfer. Sending $1,000 once instead of $250 four times means paying that fee once, at a similar exchange rate. Batch transfers where you can.
Double-check the CLABE and the name
A single wrong digit in a CLABE can delay or misdirect a payment. For cash pickup, the recipient's name must match their ID exactly. A quick confirmation before sending prevents the most common problems.
Regulations
Limits, Taxes and Rules for Sending Money to Mexico
Money transfers to Mexico are regulated on both ends. Understanding the key rules helps you plan a transfer smoothly and avoid unnecessary delays.
- Mexico does not set a fixed annual cap on inward personal remittances. Banks and payment institutions are overseen by authorities including Banxico and the CNBV.
- Regulated providers verify your identity and may ask for source-of-funds documents on larger transfers under anti-money-laundering rules.
- Each provider sets its own per-transfer limits, and wallet payouts usually have lower limits than bank deposits.
- USA: since 1 January 2026, a 1% federal tax applies to remittances funded with cash, a money order or a cashier's check. Bank account and US debit or credit card funding is exempt.
- Family support received from relatives abroad is generally not treated as income for the recipient, but check the rules in both countries for large amounts.
- For bank deposits, always use the recipient's 18-digit CLABE and confirm it with them before sending.
Common questions
Send Money to Mexico: Frequently Asked Questions
Everything you need to know about sending money to Mexico.
It depends on where you send from and how much. Specialist money transfer providers usually offer better exchange rates and lower fees than banks. Use Remit Select to compare providers for your corridor and amount, then choose the one that gives your recipient the most pesos.
Compare USD to MXN providers on Remit Select, choose one, create an account and verify your ID, enter the amount and your recipient's CLABE or cash pickup details, then pay from your US bank account or card. Paying from a bank account usually gives the best rate and avoids the 1% US remittance tax on cash-funded transfers.
Many transfers to Mexican bank accounts arrive within minutes through SPEI, which runs 24/7. Cash pickup is often available within minutes too. Some bank deposits take 1 to 3 business days. Check each provider's delivery estimate when you compare.
The best rate is the one closest to the mid-market exchange rate with the lowest fees. It changes daily and differs by provider, amount and payment method, so compare the final MXN amount received, not just the headline rate.
Three things: the exchange rate applied, the transfer fee, and any margin the provider adds to the mid-market rate. Card payments can also add a surcharge. Compare all of these together to see the true cost.
Mexico does not set a fixed annual cap on inward personal remittances. Each provider sets its own per-transfer limits, mobile wallets may have lower limits, and larger amounts usually need extra ID or source-of-funds checks.
Family support received from relatives abroad is generally not treated as income for the recipient, but rules depend on the nature and size of the payment. Large or business-related transfers can attract questions. Check the rules in your sending country too, and ask a tax adviser about large amounts.
Since 1 January 2026, the USA charges a 1% federal tax on remittances funded with cash, a money order or a cashier's check. Transfers funded from a bank account or a US debit or credit card are exempt, so paying online avoids it.
For bank deposits: the recipient's full name, bank name and 18-digit CLABE number. For cash pickup: their full name exactly as on their valid government ID. For wallet payouts: their registered mobile number. Always confirm the details with your recipient before sending.
Major banks accept transfers, including BBVA México, Banamex, Banorte, Santander México, HSBC México and Scotiabank México. Most payouts arrive through the SPEI interbank system. Confirm the CLABE with your recipient before sending.