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Send money to Mexico

Find the best way to transfer money from the United States to Mexico.

Looking for the best way to send money from the United States to family, friends or businesses in Mexico (or even to your own bank account)? Don't head straight to your American bank - turn to online money transfer services instead. They nearly always offer better exchange rates and lower fees - which means for the same amount of dollars you send, the recipient will receive more pesos.

Compare ways of sending money to Mexico

Use our table below to compare services that send money from America to Mexico. Compare the money transfer providers' fees and speeds, then click "Go to site" when you've found the best one to send your US Dollars to Mexico.

Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
OFX
24 hours
$0

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OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Dunbridge Financial
Dunbridge Financial
24 hours
$0

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Dunbridge Financial offers competitive exchange rates and zero fees on transfers to more than 120 countries.
CurrencyTransfer
24 hours
$0
SPECIAL OFFER ✓ Minimum transfer of $1,000 for Finder readers (normally £5,000)

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Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace.
XE
Within minutes
$3

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XE has fast transfers with low fees and a range of foreign currency tools.
Remitly
Within minutes
From $0
SPECIAL OFFER ✓ Free transfers and better exchange rates available for new customers

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Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
WorldRemit
Within an hour
From $1.99

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Use code Take10USD to get $10 off when you spend $20. Valid till 31 January 2022. T&Cs apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
OFX International Money Transfers (Business)
24 hours
$0

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Business customers: Send safe, no-limit transfers with no fees and competitive exchange rates.
CurrencyTransfer for Business
24 hours
$0

View details
Increase business efficiency with zero transaction fees and same-day transfers.
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Compare up to 4 providers

How to send money to Mexico from the United States

Here's our simple process for sending a money transfer to Mexico as a cash pickup or bank transfer - the two options are similar:

  1. Compare your options. Use our table above to find a money transfer provider that sends USD to Mexico. One may be better for cash pickups while another might be better suited to a bank transfer. Once you've found the best one for your requirements, click Go to site.
  2. Register for an account. You'll need to give your name, address, contact details, proof of ID and method of payment.
  3. Provide recipient details. Enter your recipient's name and contact information. If you're sending straight to their Mexican bank account, you'll need the account number, SWIFT or IBAN plus their bank branch's address.
  4. Enter the transfer amount. Check you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Many services give the amount of Mexican Peso your recipient should receive, so double check this.
  5. Complete your transfer. Send your money transfer to Mexico. Keep any reference number safe so you can track your transfer - your recipient may need it too.

If you send to a Mexican bank account, your recipient just needs to wait for the funds to arrive. For a cash pick up, your Mexican recipient will need to show some form of photo ID in order to pick up the funds. It's also important that you give them the transaction reference number to streamline the process.

For larger transfer amounts, you may need to phone the agent location to ensure it has enough cash available.

Ways to send and receive money

How to decide which option is best for you to send money to Mexico.

  • Bank deposit. Most major banks in America let you wire money to banks in Mexico. However, you might get weaker exchange rates and pay higher fees all for the privilege of a slower transfer.
  • Online money transfer services. Online companies like OFX and Dunbridge Financial make international money transfers to Mexico easy with bank transfers or cell phone top ups often offered as easy delivery options.
  • Transfer agents across America. Many transfer providers have locations dotted all across America, making it easy for you to send money that can be easily picked up in similar agent locations in Mexico.
  • Checks and money orders. If speed is not an issue, you can always pick up an international check from your bank or the US Postal Service to send to Mexico.
  • Cash pick-up. Remitly and WorldRemit allow you to collect cash, even if you don't have a bank account in Mexico.
  • Bank deposit. If you have a Mexican bank account, you can have money transferred directly into this without having to make any trips to a money transfer agent location.
  • PayPal. The Xoom app allows you to receive money from the United States onto your cell phone, into your Mexican bank account, or as a cash pick-up.
  • Checks and money orders. Both personal checks and money orders can be sent directly to you where you live but these tend to be the slower options.

What documents do I need to transfer money to Mexico?

To send money from the United States to Mexico, you'll need the following:

1. Photo identification

Most providers require a driver's license, passport or other American government-issued ID. You can send transfers without ID but may need to give your instead.

2. Payment method

Your options depend on the provider's services. Popular methods include cash, debit or credit card payments, bank account transfers and personal checks.

3. Recipient information

You'll need their name (matching their ID) plus contact details. If sending to a Mexican bank account, you'll need the a/c number, SWIFT and branch details.

What documents do I need to receive money in Mexico?

To collect money in person in Mexico, the recipient will need:

1. Transfer number

The reference number - sometimes called a PIN, MTCN or tracking number.

2. Government-issued ID

A official ID, such as an Mexican passport or driving license.

3. The transfer amount

To know how much has been sent, usually to within 10% of the total.

4. Sender information

The sender's name and address and the country from where the money was sent.

How much does it cost to send money to Mexico from America?

The cost of sending money to Mexico from the United States depends on the exchange rate between USD to MXN, the fees, how you want your recipient to receive your transfer and the turnaround time:

  • Exchange rates. The mid-market rate is the rate banks and transfer services use to trade between one another. It is the best rate that you can get. But not all money transfer providers offer you this mid-market rate so compare the exchange rate you're offered to the mid-market rate and look for the smallest difference.
  • Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Mexico for a flat or low fee might work out better if you plan to send a large amount.
  • Transfer speed. If you need your transfer to arrive quickly, you can pay for a quick delivery. Companies such as Remitly and WorldRemit offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services can offer the best value, usually getting your money to Mexico faster and cheaper than banks.
  • Transfer limits. Find out how much you can send with each service. For example, one provider may have a send limit of $10,000 while another may allow you to transfer up to $1 million. For smaller transfers, check the fees. For large transfers, look harder at the exchange rate. Some providers encourage large transfers with low fees.
  • Transfer type. Does your recipient have a Mexican bank account or is cash or cell phone top up the better option? Each transfer type will have different fees. For example, instant cash pickups tend to be more expensive than bank transfers.
  • Discounts. Some providers may offer you a free transfer simply for signing up while others may offer you a discount if you transfer more than a certain amount.
Looking for the best exchange rate? Discover the USD/MXN exchange rate rates and historical changes

Frequently asked questions

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6 Responses

    Default Gravatar
    EdNovember 14, 2019

    I need to send money ($500) from USA to Mexico. The recipient wants the fund in USD in her BBVA Bancomer international account. Is there any way to send USD to USD to Mexico?

      Default Gravatar
      nikkiangcoNovember 14, 2019

      Hi Ed,

      Thanks for leaving a question on our page. Hope you are well.

      I understand you are looking to send money from the US to Mexico in USD. Yes, you can do this and you can find money transfer options on the part of our page that says “Compare money transfers to Mexico”

      When you are sending online — make sure you are choosing the currency to be in USD and not in Mexican Pesos. Just a friendly reminder. it’s important to check the exchange rate beforehand to maximize the funds to be exchanged. Exchange rates vary on a daily basis, the rate today may differ from the rate tomorrow. Observe the fluctuations of exchange rates more frequently days before you exchange your money.

      Also, read through the transfer process of the provider such as transfer fees, transfer options and transfer speed to set expectations for the receiver. Take note of any reference or tracking numbers should any transaction delays come up during the transit.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

    Default Gravatar
    javierDecember 3, 2018

    I want to send $50,000 to Mexico, but first, I want to know to whom and which form I have to reports this transfer, eg IRS, DOJ, etc and if I have to pay taxes on this money which one already have taxed.

      Avatarfinder Customer Care
      JoshuaDecember 9, 2018Staff

      Hi Javier,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Sending a large amount of money outside of the US means that you would need to report this to the IRS. There are different forms that you need to know and seeking professional advice would help you know which form to accomplish. Please read our guide about the tax implications of large money transfers. From there, read details under the subheading “What kind of IRS forms will I need?” This will help you get an idea of the different IRS forms available.

      Moreover, speak to a tax specialist to learn more about your transfer. They could also advise you further to know what other legal obligations you need to perform before you can send the money to Mexico.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

    Default Gravatar
    Mex859March 3, 2017

    What is the daily and monthly limit for money transfer to Mexican banks using a company such as Transferwise, WorldFirst or OFX?

      Avatarfinder Customer Care
      AnndyJuly 1, 2017Staff

      Hi Mex,

      Thanks for your question.

      Most banks don’t have a set limit how much you can receive per month. But to be sure, please get in touch with your local bank to inquire.

      Cheers,
      Anndy

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