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Canada and Mexico share a lot and that is why you are likely to find so many Mexican immigrants in Canada. Nevertheless, Canada has given so many Mexican online workers job opportunities and these professionals are a major part of CAD to MXN remittance. Luckily enough, transferring money from Canada to Mexico has reached a stage where you no longer have to leave your house or comfort in the name of sending money thanks to mobile money transfer services.
If you want a cheap way to send money from Canada to Mexico, you have to make sure that you are extra keen on the cost of service. This applies to when using any of the available money transfer methods. Typically, there are three ways through which money transfer agents make their money. They can provide a service fee that is added to the amount you need to transfer, they can charge a percentage of what you are sending, and the worst, they can charge you secretly without your knowledge by using unreal exchange rates. The top ways for sending money from Canada to Mexico include;
Online cash transfer: Thanks to technology, you can access and manage your finances without making a step to go to the bank. Money apps are the top and cheapest way to send money from Canada to Mexico because they cut on the movement costs. Using your money app, you can send money directly to Mexico to another app or bank account. Some of the most used online money transfer agents for Canada to Mexico transfers include; TransferWise,Ria, XE Money, and WorldRemit. Money apps provide competitive exchange rates and through our website, we can direct you to some of the best options.
Bank transfers: Banks are the most common way of sending money from Canada to Mexico. That is not only because they have been in business for long, but because they are able to adapt to current situations. For example, you can access and transfer money from your bank account in Canada and make a transfer to a Mexican bank account. In the past, this was not possible and even if they could complete your transfer, you had to make your way to the bank. If you want to get the best rates with banks, you will need to do a critical comparison.
Cash delivery services: Your money can be delivered in cash from Canada to Mexico but even if you find the best exchange rates here, you should be prepared to spend a reasonable amount of money on the service. That is because most of these services are instant hence the high service fee. It is safe to say that generally, the fastest way to send money from Canada to Mexico will come at a cost regardless of whether you are using a money app or bank to transfer your money.
You have to know exactly how much it will cost you to successfully transfer the right amount. As mentioned, transfer companies have their way of getting their cut, and also, don’t forget to consider comparing exchange rates. Like any other kind of service, quality money transfer services don’t come cheap. If you are comfortable with your money taking 3 days to one week then you can enjoy free money transfer services from Canada to Mexico.
When sending money, you will want it to reach Mexico at the right time when the recipient is expecting it. Know that with cash transfer, the speed of transfer depends on your service provider, and the more you understand about their procedures the easier it will be for you to know when to send money. It is also beneficial to know that online money transfer services at times can experience delays. If you find yourself in such a situation, get in touch with customer care as soon as possible.
You have to think about how the person waiting for the money in Mexico is going to pick it. In fact, it is better to use a transfer company that the receiver prefers provided that it does not dig so much into your budget. On receiving the money, find out if the receiver gets charged so that you don’t send the wrong amount.
