The Best Services of Sending Money to Mexico
Nowadays, it is easy for people to send money to their friends or business partners living in foreign countries. Thanks to the advanced technology and the internet! More financial providers are offering their financial services online. Such providers include banks, MoneyGram, and Western Union, among others. Therefore, it is not a must for you to visit your bank branch in order to send money to your recipient in Mexico. You can do it at the palm of your hands.
How to send money to Mexico online?
- Enter the country of departure – United States.
- Enter the country of receipt – Mexico.
- Select the departure currency - you can send money online from the US in EUR and USD.
- Enter the transfer amount in the selected currency - for example, 2000 USD.
- Select the currency of receipt - the recipient can receive money in Mexico in MXN, USD, EUR.
- Choose a suitable option from the 6 proposed providers and follow the link to process a money transfer from the US to Mexico.
How to Send Money to Mexico
Bank transfer, online money transfer, e-transfer, and credit cards are the most common methods people use to send money, receive money, or purchase items. Let us see how you can use these methods effectively;
- E-Transfer: Since the introduction of the internet, e-transfer has emerged to be the fastest and convenient method of sending and receiving money from other people across the world. Payments are always instant though can sometimes take up to thirty minutes. However, this depends on the type of credit union you are using. Using this method, however, requires you to have the recipient's email and mobile number.
- Bank Transfer: For many years, bank transfer has been the most popular method of sending money. It is not only a safe but also convenient way of sending or receiving money from your customers, business partners, relatives, or friends. However, you must visit your bank to understand how to initiate payment using this method. It takes about two business days for the recipient to receive money once payment has been initiated.
- Credit Cards/Debit Cards: In this technological era, many organizations across the world accept debit cards and credit cards. In Mexico, for instance, individuals are allowed to use their credit cards to send money or make payments because it is easy and faster to use. However, one must open an account online and link it with his/her credit card before they start using this method. Although using credit cards or debit cards is the fastest way of sending money or making payment, it is the last option you should consider if you want to send money to any person. This is because you might lose your money if you are careless.
- Online Money Transfer: Nowadays, people use various online platforms to send or receive money in the comfort of their homes. Such platforms include Payoneer, MoneyBookers, and Paypal. It is very simple to use these systems as you only need to create an account with them and link it with your credit card.
Top 9 money transfer services for sending money to Mexico
The following chart is a calculation of the transfer of 2000 USD to MXN from the US to Mexico.
Company | Rate | Fees |
---|---|---|
InstaReM | 1 USD = 19.7663 MXN | 0 USD |
TransferWise | 1 USD = 19.8522 MXN | 17.35 USD |
MoneyGram | 1 USD = 19.6780 MXN | 0 USD |
Ria | 1 USD = 19.6583 MXN | 0 USD |
Revolut | 1 USD = 19.6415 MXN | 0 USD |
Xe Money Transfer | 1 USD = 19.6019 MXN | 0 USD |
Remitly | 1 USD = 19.5600 MXN | 0 USD |
WorldRemit | 1 USD = 19.5554 MXN | 0 USD |
Skrill | 1 USD = 17.8005 MXN | 0 USD |
Money transfer services
The Best Service to Use
Bank transfer continues to be the best way of sending or receiving money in Mexico because it is secure, reliable, transparent, and convenient. With many different types of banks in the country, the recipients can access the money immediately it is credited in their bank accounts.
How much does it cost to send money to Mexico?
When transferring 2000 dollars to Mexico, the amount received will be 39532.60 MXN in InstaReM. You can also receive a money transfer from TransferWise for the amount 39359.96 MXN. And with MoneyGram 39356.00 MXN.
30790.80 MXN - will be received upon sending 2000 to Mexico via InstaReM. Or it is possible to recieve a money order for 30692.62 MXN in TransferWise. In Ria, the recipient will get the amount of 30658.80 MXN.
Why you should Choose Us
For many years, we have been providing financial services to different clients across the world. Our support staff will help you understand the best and reliable method to use if you want to send money to any person living outside your country.
FAQ
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Popular destinations for transfers to Mexico
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