Best Ways to Wire Money from Mexico to USA for International Transfers

Wiring money from Mexico to the USA can be a straightforward process if you know the best options. You can use a bank transfer, but be aware that it may take 3-5 business days to process.

Many banks in Mexico offer international wire transfer services, including Santander and BBVA. These banks often have a wide reach and can facilitate transfers quickly.

If you're looking for a faster option, consider using a money transfer service like Xoom or TransferWise. These services can often complete transfers in 1-2 business days.

To send money from Mexico to the USA, you'll want to start by selecting who you want to send money to and choosing a payout method. This is the first step in the process, and it's crucial to get it right.

There's no one-size-fits-all solution for sending money from Mexico to the USA. It all depends on your specific needs and requirements. You can use Mexican banks to wire transfer money, but be aware that they can be quite expensive.

Some services are faster than others, but also more costly. For example, cash transfer services can be quick but pricey. Digital transfer services, on the other hand, might be more affordable but take a bit longer.

Here's a quick rundown of some popular services:

If you do decide to use a Mexican bank, be aware that they can cost you 6 times more than dedicated services.

Sending money from Mexico to the US can be a complex process, but understanding the cost and fees involved can help you make informed decisions.

Mexican banks charge a transfer fee that ranges from 0 to 800 MXN, depending on the bank and account type, and an average markup of 1-5% on the exchange rate.

Cash transfer services like MoneyGram and Western Union have higher fees, with a transfer fee ranging from 150-700 MXN, plus an exchange rate markup of 1-2%.

PaySend, on the other hand, offers a flat fee of zero, but applies a markup of 1.3-2% on the exchange rate for MXN to USD conversions.

Global66's fees are variable, with a 2% currency exchange margin in some cases, but they also offer a mid-market exchange rate without a margin.

For large transfers above 120,000 MXN (7,000 USD), OFX offers excellent terms, with no transfer fee and a markup on currency conversion that starts at around 1.5% and goes down to 0.4% as the transfer amount increases.

Here's a quick comparison of some popular services:

Keep in mind that these fees and rates can change, so it's essential to check with each service for the most up-to-date information.

There are several online platforms that specialize in international money transfers, such as TransferWise, PayPal, Remitly, Xoom, and Wise. These services often offer competitive exchange rates and lower fees compared to traditional banks.

Some of the top providers for transfers from Mexico to the USA include Western Union and MoneyGram, with Western Union having a reliable network of agents in both the US and Mexico. Western Union also allows you to set up payments from the mobile app, but the amount must be paid to an agent location in person.

For smaller transfers, Global66 and PaySend are two of the best options, with Global66 and PaySend offering competitive fees and exchange rates for transfers below $7000 USD or ~120,000 MXN to the US from Mexico.

Here are some of the top online money transfer providers:

MoneyGram and Western Union are our top 2 services to transfer cash from Mexico to the US. They have numerous agent locations across the U.S. and Mexico, allowing you to send money in person or online for cash pickup at designated locations in Mexico. MoneyGram and Western Union may charge higher fees compared to online platforms. You can transfer cash from Mexico to the US using either service, but be aware of the potential higher fees.

Based on 17,244 comparisons made by Monito users in the past 3 months, Monito's top provider for transfers from Mexico to the US is a well-established name in the money transfer industry.

Monito's users have consistently chosen this provider for its reliable network of agents in both the US and Mexico, as well as its satisfactory regulatory compliance.

Here are some of the top providers for transferring money from Mexico to the US, based on Monito's user reviews:

These providers offer competitive exchange rates and lower fees compared to traditional banks, making them a popular choice among Monito's users.

For smaller transfers, Global66 and PaySend are two of the best options, with fees that are significantly lower than traditional banks.

For larger transfers, OFX is the best money transfer service, with fees that are competitive with other providers.

Overall, Monito's top provider for transfers from Mexico to the US is a reliable and trustworthy option for users who want to send money quickly and easily.

Money transfers from Mexico to the USA can take anywhere from minutes to several days, depending on the method you choose.

If speed is your priority, cash transfer services like MoneyGram and Western Union can deliver money within minutes to half an hour. For smaller transfers, PaySend is the fastest service, completing most transfers within 1 day.

For online money transfer providers, Instarem offers same-day transfers, while Skrill and Wise offer transfers that arrive the next business day. XE Money Transfer and Global66 are other options, with XE Money Transfer scoring 7.5/10 for its speed and ease of use.

Transfers of above ~120,000 MXN (7,000 USD) can take a bit longer, but OFX is the fastest service, completing most transfers within 48 hours, and in some cases, within 5 days.

To wire money from Mexico to the US, you'll need to consider a few account and requirements.

To start, you'll need to choose a reliable online international money transfer service. Some top options include Wise, Paysend, Small World, and more, as listed in online transfer platforms.

Make sure your provider works in the state you're sending money to, as financial regulations vary by state. For example, with PaySend, the amount a user can receive in the US varies from state to state.

You'll also need to provide an ID for sending and receiving cash, and the receiver may be asked for the reference number.

For transfers of above $7,000 USD, you could be asked for extra documentation to cover money laundering regulations.

To ensure a smooth transfer, keep your digital devices updated to the latest software versions.

If you're looking for a reliable way to wire money from Mexico to the US, you've come to the right place. MoneyGram and Western Union are two top services for cash transfers, with fees ranging from 150-700 MXN depending on the amount.

For smaller transfers below $7000 USD or ~120,000 MXN, Global66 and PaySend are excellent options, with fees as low as zero and a 1.3-2% exchange rate markup for PaySend.

According to Monito's comparison engine, Global66 is the fastest, cheapest, and best-rated service for transfers from Mexico to the US. They offer multi-level security, variable transfer fees starting with 4% but going lower as the amount increases, and a 0-2% markup on exchange rates.

Here's a comparison of some top services:

Mexican banks also offer wire transfer services, but their fees are often six times higher than dedicated money transfer services, with exchange rate markups ranging from 1-5%.

Based on 17,244 comparisons made by Monito users in the past 3 months, you can rely on top providers for a seamless transfer experience.

Banorte offers a well-designed mobile app that allows you to send money to the USA, complete with digital banking tools. The fee charged will depend on the account type and an exchange rate margin is also applied.

Citibanamex allows you to send wire transfers to the USA after adding the recipient account as a beneficiary on “BancaNet Empresarial.” The transfer fee varies with account type but the exchange rate offered usually remains the same for all customers.

Accessing your account after sending money from Mexico to the USA can be a bit tricky, but don't worry, I've got you covered. You can use a physical destination for your funds, such as a specific Walmart outlet in Austin, Texas.

To withdraw your money, you'll need a willing recipient to arrive at the specified terminal and recover the cash you sent. This person can then make a bank account deposit on your behalf.

Some payment services may not require you to specify a particular location, allowing you to send your funds to any of their terminals. Arizona, however, limits the size of incoming and outgoing transfers to $500 per day.

Alternatively, you can use an electronic service to send funds directly to your bank account. You may be able to use PayPal, Xoom, or your Mexico-based brokerage account for this purpose, as long as you've denominated the funds in the proper currency.

If you're planning to use an electronic service, make sure to confirm that your recipient has the necessary information to access your funds.