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Send money to Mexico

Find the best way to transfer money from New Zealand to Mexico.

New Zealand established diplomatic relations with the North American nation of Mexico in 1973. Both countries are members of the Asia-Pacific Economic Cooperation (APEC) and the Organisation for Economic Cooperation and Development (OECD). Relationships have broadened from just focusing on trade and international cooperation to include a wide range of links including business, research and interpersonal networks. In 2008, a working holiday scheme and student and staff exchanges between the two nations’ universities and polytechnics were introduced.

The best way to send money to Mexico from New Zealand depends on how much you’re sending and your preferred payment method. Do your research to find the best deal for you.

Send money to Mexico with Wise

Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.

  • Fair service fees and mid-market rates – a major market differentiator
  • Next-day delivery for most currencies
  • Easy-to-use app
Promoted

Compare services that send money to Mexico

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 60 1 day NZD 0.00 14.886 MXN
74,430
Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees. Go to site Show details
NZD 0 Same day NZD 0.00 14.868 MXN
74,340
XE has fast transfers with competitive rates and a range of foreign currency tools. Go to site Show details
NZD 250 1 day NZD 0.00 14.793 MXN
73,966
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
NZD 1 Within an hour NZD 3.99 14.883 MXN
74,355
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
NZD 2,000 2 days NZD 10.00 14.793 MXN
73,818
Exclusive offer: Discounted exchange rates for all Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

What’s the best way to send money to Mexico?

To help you narrow down the best, we sent live transfers to Mexico through 13 top providers to see who rose to the top in cost, trust, speed, convenience and user experience.

OFX and XE for large bank deposits

OFX is the best way to send large amounts of money for bank deposit in Mexico. There is no maximum sending limit through OFX, but a minimum transfer of $1,000 is in place.

WorldRemit for cash pick-up and delivery speed

WorldRemit can deliver cash to Mexico in as little as a few minutes, and often does so at speeds that beat its own estimates. WorldRemit pairs with many banks and convenience stores in Mexico, and limits are based on the cash pick-up location you’re sending to.

Wise for strong exchange rates

Wise offers the mid-market rate for all transfers, so you’ll be getting the strongest exchange rate when converting your dollars into pesos. Fees may still apply to your transfer, however, so be sure to compare Wise against competitors.


Overall, online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Mexico. Transfers through banks, account-to-account transfers through PayPal and other options are available but come with high fees, weak rates and long turnaround.

Crunching the numbers: Sending $2,000 to Mexico

Let’s say you need to send $2,000 to family in Mexico. Here’s what you might face as far as fees and exchange rates as of 4 January, 2021.

Digital money transfer serviceCash transferBank transfer
Fee$0$3.99$25
Exchange rate1 NZD = 14.208 MXN1 NZD = 14.248 MXN1 NZD = 13.011 MXN
Transfer speed1-2 dayMinutes2-5 days
Amount receivedMXN 28,416MXN 28,492MXN 25,997
Verdict
  • Cheapest
  • Fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the digital money transfer service, your recipient ends up with MXN 2,419 more than the bank offers. When you are depending on speed, the cash transfer can have your money to Mexico in as little as 15 minutes for a slightly higher fee.

How to send money to Mexico

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information and preferred payment method.
  2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Mexican bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Mexico. Some money transfer providers send a text or email when your transfer is complete.

How to get the most out of your money transfer

Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Mexico to meet your needs:

  • Exchange rates. The NZD–MXN relationship fluctuates, so the rates you see today may be different tomorrow. Locking in an exchange rate when possible may save you money in the future if the rates shift quickly.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the number of Mexican pesos you’re sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Mexico.
  • Maximum limits. When exchange rates are favourable, sending more money can save you money in the future. If you plan to send large amounts of money to Mexico, be sure to pick a provider that won’t limit you.
  • Transfer methods. Whether you want money sent to a Mexican bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Mexico

When it’s more important to get your money to Mexico quickly, look for money transfer companies that support cash pick-up in minutes. You can pay with a credit or debit card for fast pick-up, but fees are higher than other methods.

How to send money to Mexico without a bank account

Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Mexico’s exchange rates explained

The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. The Mexican peso often fluctuates compared to the NZ dollar, so expect exchange rates today to be different than those you’ll see tomorrow. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Today’s exchange rate NZD to MXN

1
0
Updated: 27 Nov 2021 17:13:08 UTC

Bottom line

Sending your hard-earned money to Mexico shouldn’t cost a fortune. Compare transfer companies that specialise in foreign for the strongest rates, lowest fees and flexible delivery.

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