Send money to Mexico from the UK

Take advantage of low fees and competitive exchange rates when sending money to Mexico.

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If you want to send money to Mexico just type the amount into the table below and you’ll then see the providers best suited to your needs. Our tables compare speed, exchange rates, fees and more.

Compare services that send money to Mexico from the UK

Table: sorted by a combination of service offering and the amount your recipient will receive

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
GBP 1 Same day GBP 0.00 28.194 MXN
28,194
Whatever amount you transfer, XE will not charge you a fee for using their service. Go to site Show details
GBP 50 Same day GBP 2.99 28.059 MXN
27,975
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details
GBP 10 Within an hour GBP 2.00 28.192 MXN
28,136
First two transfers free for new customers.
Instant or 1 hour transfers to over 50 countries, send money directly to bank accounts or over 280,000 cash pickup points.
Go to site Show details
GBP 1 1 - 2 days GBP 1.99 27.974 MXN
27,919
Special offers like free transfers and better exchange rates available for new customers.
Quick, affordable transfers around the world with both express and economy options.
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.

How to send money to Mexico online

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.

Tips for sending money to Mexico

Live Rate

= Mex$ 28.3426

Refreshing in: 60s | Tue, Jul 14, 11:19AM GMT

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

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.

Blue icon representing money transfers Image: Infogram

Digital money transfer specialists

Companies like OFX and TransferWise specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer a variety of options for your recipient to receive their money, including to bank accounts as well as in person.

Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

Cash transfers

Services like MoneyGram allow you to transfer cash for pickup at a local branch in Mexico — often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak rates and high fees. If a cash pickup is necessary, look to digital services like WorldRemit or Remitly.

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Banks

Mexican pesos are easily accessible from banks in the UK, but beware of high fees and wide margins on the exchange rate compared to digital and other options.

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 12 April 2020.

Digital money transfer serviceCash transferBank transfer
Fee£2£1.90£20 + additional correspondent bank fees
Exchange rate1 GBP = 28.89 MXN1 GBP = 28.67 MXN1 GBP = 28.40 MXN
Transfer speedSame dayMinutes2-5 days
Amount receivedMXN 57,739MXN 57,351MXN 56,241
Verdict
  • Best value
  • 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 1,498 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 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 GBP-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, look for 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 pickup in minutes. You can pay with a credit or debit card for fast pickup, 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 when compared to the pound sterling, 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.

Track how the Mexican peso trades against the pound sterling in our historical rate chart.

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Updated: 14 Jul 2020 11:19:38 UTC

Documents needed for sending to and receiving money in Mexico

To send money to Mexico from the UK, you’ll need government-issued ID and other documents, while documents needed to pick up money in Mexico may be different by company.

Documents to send money from the UK

To send money from the UK to Mexico, you’ll need documentation and details that include:

  • Identification. Most services require a driver’s license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash or payment by bank account.
  • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Mexican bank account and routing number if sending to their bank.

Documents to receive money in Mexico

To pick up money in person, the recipient may need:

  • Transfer number. The person sending the money should forward the transfer’s confirmation details – called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Mexican passport or any other government-issued ID that has the recipient’s photo and address.
  • Amount sent. How much was sent, usually within 10% of the total.
  • Sender’s information. The sender’s full name, the sending country and their address, if known.

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. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

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