Money Transfer Companies from USA to Mexico

A vital part of the Latin American economy, it’s estimated that remittances will reach US$61 billion in 2013. A large part - some US$ 22 billion - is destined for Mexico. This places it in fourth place behind India, China and the Philippines in a global ranking for remittances according to a new report by the World Bank.

Before sending money to Mexico, there are couple of things you have to keep in mind like what is the cheapest way ? Depending on your sending amount, what is the fastest money transfer service because time can mean everything. What are the transfer methods available ? Is your final option is the best option for sending money ?

For the all above questions, you can see and compare all popular money transfer services for sending money from USA to Mexico on this page.

1. WorldRemit

Necessary money transfer information while send money to Mexico using Worldremit -

Transfer Type Online
Pay-In Methods
Credit Card
Debit Card
Pay-Out Methods
Bank deposit - Available for BBVA Bancomer, Banco Azteca and BanCoppel only
Cash pickup - Cash is available to collect instantly from any branch of Elektra, Banco Azteca, BBVA Bancomer, Telecomm Telegrafos, Pagos Intermex and BanCoppel
Airtime top-up Mobile airtime is added instantly to phones on Iusacell, Movistar, Nextel, Telcel and Unefon
Fee Lower fee than banks
Speed Instant

PROS

Fast and Simple transactions

Industry-leading payment security

Use on a computer, smartphone or tablet

CONS

Low maximum transfer amount

How to send money to Mexico ?

1. How you want to send money to Mexico: bank deposit or airtime top-up, and enter the amount so that you can transfer to all banks in 1-2 working days.

2. Fill your recipient's details:you can choose from a list of people you’ve sent to in the past, or add a new recipient

3. Now pay for the transfer:you and the recipient both will get notifications by SMS and email when the money is sent and received.

2. Transferwise

Necessary money transfer information while send money to Mexico using Transferwise -

Transfer Type Online
Pay-In Methods Bank
Pay-Out Methods Bank
Fee A fee of 1% of the amount sent
Speed 3-5 days
Security
1. 2-factor authentication
2. Registered with the Financial Crimes Enforcement Network (FinCEN)
3. Standard HTTPS encryption safeguards

PROS

Easy process to sign up and initiate a transfer

It’s affordable

Offers better rates than many other providers

High daily transfer limits

CONS

Bank account transfers only

It's a Two-step process, firstly wire money to TransferWise and then deposits the money to recipient’s bank account

Need an SSN(Social Security Number) to send money

How to send money to Mexico ?

1. Start your transfer.

2. Get the fairest rate out there.

3. Money is locally delivered.

3. Ria Money Transfer

Necessary money transfer information while send money to Mexico using Ria Money Transfer -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods
Bank Deposit
Cash Pickup
Fee Fee varies on different payment methods
Speed 3-5 working days

PROS

From Buenavista Tomatlán to Guadalajara to Monclova (and just about everywhere in between), Ria Money Transfer makes sending money to Mexico easier

Simple and convenient for you to send money to anyone,anytime in Mexico.

Exchange rates are higher than banks, with lower fees

CONS

Low maximum daily limit

How to send money to Mexico ?

1. Create a free online account on Ria’s website.

2. Fill the details of money transfer.

3. Enter your recipient’s full name and address.

4. If you’re sending money for cash pickup, select a location near your recipient from the provided list.

5. Select a payment method.

6. If paying by credit or debit card, enter your card information and billing address.

7. Check that the information is correct on the Pre-Order Confirmation.

8. Get your order number, which you can use to track your transfer.

9. Track the progress of your transfer by entering your order number, PIN or reference number in the box.

Necessary money transfer information while send money to Mexico using Remitly -

Transfer Type Online
Pay-In Methods
ACH Transfer
Credit Card
Debit Card
Pay-Out Methods ACH Transfer
Fee
Transfers are FREE when you send $500 or more
$3.99 when you send less than $500
Speed 1-2 days

How can you increase your transfer limit with Remitly?

To access higher transfer limits, log in and visit Remitly’s Manage Limits page. Answer the questions and provide ID and additional banking information. Representatives will review the information you provide and get back to you shortly.

PROS

Send money in minutes

Track your transfer’s progress with updates to your phone

SSL with 256-bit encryption keeps your money safe

CONS

Remitly sends to 10 countries only

Low maximum daily limits

Credit cards transactions and transfers to some countries can be expensive

How to send money to Mexico ?

1. Create an account.

2. Choose your recipient’s country and enter your sending amount.

3. Provide your recipient’s information.

4. Pay with your bank account, credit card or debit card.

5. Confirm your transaction.

6. You will receive text updates on your transaction to your phone.

Necessary money transfer information while send money to Mexico using Xoom -

Transfer Type Online
Pay-In Methods
Bank Account
Credit Card
Debit Card
Pay-Out Methods Bank
Fee $4.99 fee when sending with Bank Account
Speed Instant
Security
1. Offers a money-back guarantee
2. Website relies on 128-bit encryption
3. Works with a number of leading banks

PROS

Offers 24/7 customer service

Track your transfers

Money-back guarantee

CONS

Many money transfer providers that service larger international networks than Xoom.

How to send money to Mexico ?

1. Sender can transfer the money using a computer or a mobile device.

2. After filling details, you can choose payment options.

3. Enter your recipient’s details.

4. Track the progress of your transfer.

5. Xoom lets you cancel your transfer if it hasn’t gone through, and cancellations do not attract any fees.

6. Pangea Money Transfer

Necessary money transfer information while send money to Mexico using Pangea Money Transfer -

Transfer Type Online
Pay-In Methods
Debit Card
Cash
Pay-Out Methods Bank
Fee
$4.95 when pay with debit card
$5.99 when pay with cash
Speed 1-2 days

PROS

Pangea Money Transfer’s online transfer process is simple and straightforward

Low transfer fees

Pangea Money Transfer’s many agents worldwide

Earn $30 off a future transfer by referring friends

CONS

Limited receiving countries only for sending money.

For individuals only. If you’re a business looking to schedule payments, you’ll need to look at other services.

How to send money to Mexico ?

1. Create a free account with your details.

2. Enter sending amount for your receiver country.

3. Once check final exchange rate and transfer fee.

4. Pay using your payment method.

5. Your recipient will receive a text message with a unique transfer code to use when picking up cash.

7. Worldfirst

Necessary money transfer information while send money to Mexico using Worldfirst -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods Bank Account
Speed 1 day

PROS

Transparent fee structure

Higher exchange rates than local banks

Easy to use website

CONS

High minimum transfers

No live chat information

Two step process

How to send money to Mexico ?

1. Create a personal account.

2. Complete your personal information.

3. Choose your receiver country and currency.

4. Provide your passport information.

5. Login with your username and password.

6. Answer two security questions

7. Complete all fields regarding your recipient's detail

Necessary money transfer information while send money to Mexico using OFX -

Transfer Type Online
Pay-In Methods
Online
Phone
Agent
Speed 1 day

PROS

Multiple transfer options

No transfer fees

Wide range of currencies

CONS

Deliver funds using bank deposit only

Phone verification for new accounts

How to send money to Mexico ?

1. Register an account with Ofx.

2. Enter personal details, address and occupation.

3. Verify your identity and log into your account.

4. You will get a rate quote.

5. Add the receiving account details.

6. Confirm the transaction.

7. Track the status of transaction.

Necessary money transfer information while send money to Mexico using Hifx -

Transfer Type Online
Pay-In Methods Bank
Speed 3-5 days

PROS

Uses online security technology

Trusted Company

Lower fees

Large transfer allowed

CONS

Bank to bank transfers only

No same currency transfer

How to send money to Mexico ?

1. Sign up.

2. Get a quote.

7. Send.

10. Travelex

Necessary money transfer information while send money to Mexico using Travelex -

Transfer Type Online
Pay-In Methods Bank

Highlights -

1. Simple,fast & affordable.

2. Nearly 1,500 Travelex stores across the globe.

3. Great rates

4. Price promise

5. 24/7 emergency assistance.

How to send money to Mexico ?

1. Choose your currency.

2. Choose the method of receiving.

7. Pay for your money transfer.

11. Money2Anywhere

Necessary money transfer information while send money to Mexico using Money2Anywhere -

Transfer Type Online
Pay-In Methods Bank Account
Pay-Out Methods
Bank Account
Fee Lower fee than banks
Speed 3-5 days

PROS

Best exchange rates

Multiple payment options

Safe and secure

CONS

Transfers for certain countries can be expensive

12. Western Union

Necessary money transfer information while send money to Mexico using Western Union -

Transfer Type
Online
At agent locations
Mobile apps
Pay-In Methods
Bank account
Credit/debit card
Pay With Cash
Pay-Out Methods
Bank
Cash
Fee Fee vary according to payment method chosen
Speed 3-5 days

PROS

140 years of reliable service and experience

Pay securely with credit/debit card or via a bank account

More than 28,000 locations in Mexico

Free online registration completed in just a few easy steps

Locked-in exchange rates with no fees for the receiver

CONS

Low maximum transfer amount

How to send money to Mexico ?

1. Select country to send to and the amount.

2. Register for free.

3. Choose your payment method.

4. Enter receiver information.

5. Select payment method.

6. Confirm payment.

7. Provide MTCN number to the receiver for immediate cash pick-up

13. Transfast

Necessary money transfer information while send money to Mexico using Transfast -

Transfer Type Online
Pay-In Methods
Pay by bank
Pay by debit card
Pay-Out Methods Bank Transfer
Fee $0 fee when sending money using bank account
Speed 3-5 days

PROS

Security- 256-bit data encryption, are Norton Secured and TRUSTe Certified, and have an A+ rating with BBB since 2013

Convenience- Send money online, anytime with 24/7/365 access to Customer Support via phone, email and chat

Money back guarantee Get a full refund if your money transfer is not delivered after you have funded the transfer

CONS

Low maximum transfer limit

How to send money to Mexico ?

1. Go to website.

2. Select country and amount.

3. Enter recipient and payout info.

4. Enter your bank, debit or credit card payment info.

5. Review and send your transaction.