Send Money to Mexico from the USA at Best Exchange Rates

Highest remittance rate for converting US Dollar to Mexico Peso is 1 USD = 19.2 MXN

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Best Way to Transfer Money to Mexico from the USA

The Internet has improved the lives of people in multiple ways. We can easily buy and sell anything online and just not this; we can even send funds across the border in seconds. There are multiple money remittance companies which facilitate the money transfer from an individual or business to the home country via wire, mail, bank transfers, cash pickups, and online transfers. The United States is one of the largest sources of remittance where it was sending over $56.3 billion in 2015. Out of this, 25% of the total amount remitted is transferred in Mexico which makes 2.2% of the GDP of Mexico. This shows people are adapting new technologies for benefiting their families very fast and searching out for the "best way to send money to Mexico".

Therefore, on this page, we have compared the “Top 8 money transfer services from the USA to Mexico”.

Please find below the list of companies in sorted order which is providing the "cheapest way to send money to Mexico" from USA by offering highest exchange rates and low fee.

Country Guide - Mexico

Mid Market Rate

19.41

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Mid Market Rate

19.41

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Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 250
Receiving Amount
$ 4800
Realized Exchange Rate
19.2
transfast USD to MXN Exchange Rate
19.2
Best Value

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Transfer Time : 3-5 Days
Transfast is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Transfast exchange rate for sending money from USD to MXN is 19.2 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 19.2. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, Cashcard, at multiple Transfast partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transfast click here
2 More Options Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(transfast / Realized)

Receiving Amount
(Receiving Amount)

$ 254.99
Pay-In :
19.1 / 18.73
3-5 Days
$ 4775
Pay-Out :
$ 254.99
Pay-In :
19.05 / 18.68
3-5 Days
$ 4762.5
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 3) $ 250
Receiving Amount
$ 4788.4408
Realized Exchange Rate
18.93
transferwise USD to MXN Exchange Rate
19.3864
1.41% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Transferwise exchange rate for sending money from USD to MXN is 19.3864 with a $ 3 fee. Based on the Exchange Rate IQ calculations it offers 1.41% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.93. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 253.99
Receiving Amount
$ 4795
Realized Exchange Rate
18.88
remitly USD to MXN Exchange Rate
19.18
1.67% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Remitly exchange rate for sending money from USD to MXN is 19.18 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.67% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.88. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Remitly click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(remitly / Realized)

Receiving Amount
(Receiving Amount)

$ 253.99
Pay-In :
18.77 / 18.48
1-2 Days
$ 4692.5
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 5) $ 255
Receiving Amount
$ 4759.9
Realized Exchange Rate
18.67
wellsfargo USD to MXN Exchange Rate
19.0396
2.76% vs Best Value

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Transfer Time : Instant
Wellsfargo is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Wellsfargo exchange rate for sending money from USD to MXN is 19.0396 with a $ 5 fee. Based on the Exchange Rate IQ calculations it offers 2.76% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.67. The pay in options available are Bank, also you can receive money using Bank, at multiple Wellsfargo partner locations. The transfer time usually range between Instant. For more detailed review of Wellsfargo click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(wellsfargo / Realized)

Receiving Amount
(Receiving Amount)

$ 255
Pay-In :
19.0396 / 18.67
1-2 Days
$ 4759.9
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 8) $ 258
Receiving Amount
$ 4794.45
Realized Exchange Rate
18.58
money2anywhere USD to MXN Exchange Rate
19.1778
3.23% vs Best Value

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Transfer Time : 3-5 Days
Money2anywhere is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Money2anywhere exchange rate for sending money from USD to MXN is 19.1778 with a $ 8 fee. Based on the Exchange Rate IQ calculations it offers 3.23% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.58. The pay in options available are Bank, also you can receive money using Cash, at multiple Money2anywhere partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Money2anywhere click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.95) $ 254.95
Receiving Amount
$ 4715
Realized Exchange Rate
18.49
pangeamoneytransfer USD to MXN Exchange Rate
18.86
3.7% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Pangeamoneytransfer is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Pangeamoneytransfer exchange rate for sending money from USD to MXN is 18.86 with a $ 4.95 fee. Based on the Exchange Rate IQ calculations it offers 3.7% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.49. The pay in options available are Debitcard, also you can receive money using Bank, at multiple Pangeamoneytransfer partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Pangeamoneytransfer click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.99) $ 254.99
Receiving Amount
$ 4688.75
Realized Exchange Rate
18.39
xoom USD to MXN Exchange Rate
18.755
4.22% vs Best Value

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Transfer Time : Instant
Xoom is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Xoom exchange rate for sending money from USD to MXN is 18.755 with a $ 4.99 fee. Based on the Exchange Rate IQ calculations it offers 4.22% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.39. The pay in options available are Bank, Debitcard, Creditcard, also you can receive money using Cash, at multiple Xoom partner locations. The transfer time usually range between Instant. For more detailed review of Xoom click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(xoom / Realized)

Receiving Amount
(Receiving Amount)

$ 254.99
Pay-In :
18.755 / 18.39
Same Day
$ 4688.75
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 250
Receiving Amount
$ 4576.85
Realized Exchange Rate
18.31
ofx USD to MXN Exchange Rate
18.3074
4.64% vs Best Value

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Transfer Time : 1-2 Days
Ofx is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 250. Today’s Ofx exchange rate for sending money from USD to MXN is 18.3074 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 4.64% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.31. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Ofx click here

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Venstar Exchange is a US-based Company providing international currency transaction services at wholesale rates to individual and business clients.

Supported Amount - $5000 to $ 1000000
Exchange Rate
18.93

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More Available Options

You can check rates of some more providers that may support your country
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 

Exchange Rate IQ Summary for Money Transfer From USA to Mexico

  • Which is the best option available to send money from USA to Mexico after comparison?
  • With our real-time comparison on sending money from USA to Mexico ,
      we have found Transfast remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Transfast, 19.2 ) ( Transferwise, 18.93 ) ( Remitly, 18.88 ) .
  • To remit money in the bank account of Mexico, best companies is ( Transfast, 19.2 ).
  • Current money transfer offeres/promotions are available with Remitly, Pangeamoneytransfer, Ofx money transfer services.
  • For quick money transfer from USA to Mexico with agent service is Xoom with exchange rate 18.39.
  • Available pay in when sending money from USA to Mexico Bank, Creditcard, Debitcard.
  • Available pay out when sending money from USA to Mexico Bank, Cashcard, Cash.
  • Other options to transfer money from USA to Mexico are Westernunion, Travelex .
  • The comparison result was last updated on Sep 19, 2019.
  • For the latest comparison result of USA to Mexico, Please visit ExchangeRate IQ regularly.

How to find the best money transfer to Mexico from the USA

The USA to Mexico is one of the most competitive remittance corridors where more than 15 companies are offering its services. A lot of banks and money remittance companies are also providing multiple discounts on transfer fees and best exchange rates. But, the major question arises that after seeing competitive exchange rates is which company you should pick to transfer funds from the USA to Mexico.

A lot of banks, MTOs and startups are offering these services to customers with multiple offers and benefits. Due to this competition, consumers now have a large number of choices and negotiating power. But again the question arises is which is the “best money transfer company,” according to your needs and requirement of the recipient. So, here are few base points which you should consider before transferring the US Dollar to Mexican Peso:

  1. Speed: How soon you want your money to reach the recipient? If you want to transfer money faster, you can use cash pickup services of WorldRemit which provides the instant transfer. While, if you have no emergency, then you can use services of Transfast, Remitly, OFX and TransferWise, which will deliver money in 2-3 working days.
  1. Exchange Rate: The companies offer different exchange rates depending on the fees they are charging and their margin of profit. For example, WorldRemit offers live exchange rates deducting a small amount of charges to make profits. Transfast changes its exchange rates once a day and the same will get locked when you start your transaction. Besides this, other companies offer a bit lower rates comparing to live market rates and lock-in so that the same amount will be received by the recipient.
  1. Fees and Other Taxes: There are taxes levied on every transfer depending upon the policies of both the countries which will be deducted from the amount paid. The fee is charged by companies on different types of transfers. Before transferring, first, watch out that you will not end up paying more than you should.
  1. Transfer Convenience: If one can transfer in an easy way without any support of customer assistance, then the company is considered as highly convenient. You can make transfers online without physically visiting its office. In the era of digitalization, mobile apps are also necessary which can ease the transfers anytime anywhere. Transfast, WorldRemit, Remitly, TransferWise are also offering their mobile apps so you can transfer funds anywhere anytime.

Remitly Vs TransferWise: Which is best?

If you are willing to choose any of the company to send money to Mexico from the USA, then first check out which company is providing much better services, Remitly or TransferWise? Before using any of them ask yourself, which is more affordable? Which suits best to your needs? So, here is our analysis of both the money transfer services:

Transfer Fees: TransferWise charges a small percentage of fees of the amount you send while the fees of Remitly depend on the destination country. The fees also increase and decrease accordingly the transfer speed you choose, Economy or Express. Making credit card payment also attracts additional fees in both Remitly and TransferWise.

Exchange Rates: TransferWise offers the true mid-market rates which mean they do not add any margin on it. On the other hand, Remitly has not any said standard rule for exchange rates which mean they can vary a lot.

Transfer Speed: Remitly transfer your funds within minutes if you choose the express transfer option, though it also asks additional fees for transferring funds faster. However, TransferWise transfers your funds within 2-5 business days. Remitly’s Economy option also delivers money to the recipient within 2-5 working days.

So, if you want to get delivered funds faster, you may choose Remitly, but if you have no emergency and wants to get the best transfer rates, choose TransferWise.

Best services to send money to Mexico from USA

Among the multiple money transfer service, we have find out you some of the best services for sending money to Mexico from USA, these are:

USA bank money transfer to Mexico

TransferWise: Company offers same day bank transfers to Mexico from the USA.

Best money transfer company to provide speedy transfers

WorldRemit: It offers cash as well as bank transfers in the speedy form and offers instant delivery in Mexico.

Best money transfer company with multiple locations in Mexico

Western Union: The company is not the cheapest way to send money to Mexico but good for fast and effective same day pick-up. It has around 25,000 agents in Mexico.

Most convenient company for money transfers to Mexico

Xoom Money Transfer: It has more than 14,000 transfer agents available in Mexico and also offers deposits in all the major banks of the country. It offers clear rates and fees and allows account registration within minutes.

FAQ's

How long does money transfer to Mexico from the US take?

Most take three to five working days, although some services can transfer funds in a couple of hours. Money order, cheque and demand draft can even take up to two weeks. Remitly offers delivery within minutes as it has about 15,000 cash pickup locations in Mexico, so as soon as you complete the transfer, the amount will be delivered to the recipient. Henceforth, you should always check the time taken with the transferring company before sending your money.

Discuss this question

What is the best way to send money to Mexico from USA?

We all want that the transfers take place within minutes and our recipient need not wait for long for money. So, you can send money to Mexico in multiple ways such as bank transfer, cash pickup, cheque, demand draft, online money transfer, etc., but knowing which one is the cheapest way to send money to Mexico is also important. For example, Remitly and OFX money transfer companies’ have low transfer fees while MoneyGram and WorldRemit deliver money in minutes as both of them have huge agent network. So, you need to pick the one which suits your requirement and have reasonable transfer fees.

Discuss this question

What are the multiple ways to transfer money from the USA to Mexico?

One can transfer and receive funds to Mexico in multiple modes including bank transfer, cash pick-up, demand draft transfer, foreign currency cheque, wire transfer, mobile top-up, SOFORT, ACH payments, and online transfer.

Discuss this question

Why do money transfer companies offer different exchange rates for Mexico?

Different companies have different business models. Some offer zero fees while taking an exchange rate margin, while others ask for an upfront fee. These companies deduct their costs, profits, commissions and margins from the exchange rates they are offering. Hence all the companies have different exchange rates.

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Can I transfer money from the USA to an account in another name to Mexico?

Yes, most money transfer companies require you to add the details of the receiving party. If you are sending money to Mexico online you will have to add the bank accounts of the receiving party. It could be your Mexican account or someone in your family/friend. Many companies do not allow third-party transfers, so you mostly need your own account.

Discuss this question

Are money transfers regulated in the USA?

The money transfers are regulated by multiple US laws and authorities. If you transfer more than the US $10,000 then you have to report the transfer to the US government along with all your and recipient’s personal details.

Discuss this question

Historical Mid Market Exchange Rate From US Dollar (USD) to Mexico Peso (MXN) (Weekly)

Current Exchange Rate(Mid Market) :- 19.41 MXN/USD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion USD To MXN

Send US Dollar To MEXICO Receive Mexico Peso
1 USD TO MXN 19.41
50 USD TO MXN 970.5
100 USD TO MXN 1941
250 USD TO MXN 4852.5
500 USD TO MXN 9705
1000 USD TO MXN 19410
5000 USD TO MXN 97050
10000 USD TO MXN 194100
Send Mexico Peso Receive US Dollar From MEXICO
1 MXN FROM USD --
50 MXN FROM USD --
100 MXN FROM USD --
250 MXN FROM USD --
500 MXN FROM USD --
1000 MXN FROM USD --
5000 MXN FROM USD --
10000 MXN FROM USD --

Click To Compare Money Transfer Services For The Following

USD

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