About Australia and Mexico
It should take you a few minutes to complete your cash transfer to Mexico from Australia if you find the right channel. There is nothing new when it comes to sending money to Mexico only that technology has greatly impacted the process. According to statistics, thousands of Mexicans live, work, and study in Australia therefore, a great need for a reliable money transfer service.
How to send money from Australia to Mexico
Typically, there are three main ways through which anyone can send money to Mexico. Depending on why or how much you need to send money, you need to ensure that you select the best transfer method. You can send money from Australia to Mexico through;
- Money apps: Generally online money transfer services have become popular and are so far the best way to send money to Mexico cheaply. Money apps are easy to access and thanks to how they are designed, anybody can use them. Before selecting the right app to transfer your money, you need to ensure that the services are available in Australia and Mexico. If you exhaust your search, you should be able to find the best rates to send money from Australia to Mexico. Some of the top money transfer apps that you can use to convert AUD to MXN include; Transferwise, Remitly, Worldremit, Ria transfers, and XE Money.
- Bank transfers: For a very long time, banks have been the perfect solution for people who need their money to reach Mexico. There are some people who don’t know any other way of completing cross-border transfer apart from banks. That is because banks offer the most secure transfer medium. When you want to make a bank transfer from Australia to Mexico, you will want to be keen on the exchange rates. Also, make sure that the bank you are using can make the transaction possible but you should be ready to spend a reasonable amount for the service.
- Cash pickup services: Although it is not a cheap way to send money from Australia to Mexico, cash pickups are one of the fastest ways to send money. The good thing with this method of cash transfer is that the money is delivered to the receiver and all he or she needs to do is go and pick it up at the appointed place. Usually, direct cash transfer services are ideal for people who have not embraced receiving money through cash apps. However, you can send money using money apps directly to a cash pick up agent rather than going to their offices to deposit money for the transfer.
Things to consider when sending money from Australia to Mexico
There are tight restrictions when it comes to money transfer within the Mexican exchange corridors. It is therefore important that you get the process right so that you don’t experience any kind of inconvenience. You will also want to make sure that you are initiating a legal transaction in the case where you are donating or sending money to a stranger for any reason.
You will want to make sure that you are getting value for your money. For example, if you have to pay a high service fee, your transaction should be as fast and simple as possible. Still, on the cost of service, you might want to check if there are hidden charges and if the provided exchange rates are as per the exchange market.
How long your money takes before reaching its destination is another important factor. Although online money transfers are at times prone to delays due to technicalities, they are still reliable because all you will need to do is contact customer care for help. If you wish to settle for a cheap way to send money from Australia to Mexico, it is good to know that your transaction can be as cheap as free with a service like Xendpay. The only downside is that your money can take longer.