Send Money to Mexico from the USA at Best Exchange Rates Today

Highest remittance rate for converting US Dollar to Mexico Peso is 1 USD = 18.64 MXN

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Compare 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.

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 best money transfer service with the highest exchange rates and low fee.

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
$ 9320
Realized Exchange Rate
18.64
transfast USD to MXN Exchange Rate
18.64
Best Value

SEND NOW

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 500. Today’s Transfast exchange rate for sending money from USD to MXN is 18.64 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 18.64. The pay in options available are Bank, Debitcard, also you can receive money using Bank, 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)

$ 504.99
Pay-In :
18.54 / 18.36
3-5 Days
$ 9270
Pay-Out :
$ 504.99
Pay-In :
18.49 / 18.31
3-5 Days
$ 9245
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0.99) $ 500.99
Receiving Amount
$ 9245
Realized Exchange Rate
18.45
worldremit USD to MXN Exchange Rate
18.49
1.02% vs Best Value

SEND NOW

Transfer Time : Same Day
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from USA to Mexico for sending amount 500. Today’s Worldremit exchange rate for sending money from USD to MXN is 18.49 with a $ 0.99 fee. Based on the Exchange Rate IQ calculations it offers 1.02% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.45. The pay in options available are Creditcard, Debitcard, also you can receive money using Bank, at multiple Worldremit partner locations. The transfer time usually range between Same Day. For more detailed review of Worldremit click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(worldremit / Realized)

Receiving Amount
(Receiving Amount)

$ 501.99
Pay-In :
18.49 / 18.42
Instant
$ 9245
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
$ 9305
Realized Exchange Rate
18.46
remitly USD to MXN Exchange Rate
18.61
0.97% 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 500. Today’s Remitly exchange rate for sending money from USD to MXN is 18.61 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 0.97% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.46. 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)

$ 503.99
Pay-In :
18.28 / 18.14
1-2 Days
$ 9140
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.85) $ 500
Receiving Amount
$ 9293.97
Realized Exchange Rate
18.41
transferwise USD to MXN Exchange Rate
18.77
1.23% vs Best Value

SEND NOW

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 500. Today’s Transferwise exchange rate for sending money from USD to MXN is 18.77 with a $ 4.85 fee. Based on the Exchange Rate IQ calculations it offers 1.23% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.41. The pay in options available are Bank, 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 $ 5) $ 505
Receiving Amount
$ 9270
Realized Exchange Rate
18.36
wellsfargo USD to MXN Exchange Rate
18.54
1.5% vs Best Value

SEND NOW

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 500. Today’s Wellsfargo exchange rate for sending money from USD to MXN is 18.54 with a $ 5 fee. Based on the Exchange Rate IQ calculations it offers 1.5% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.36. 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)

$ 505
Pay-In :
18.54 / 18.36
1-2 Days
$ 9270
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
$ 9155
Realized Exchange Rate
18.31
ofx USD to MXN Exchange Rate
18.31
1.77% vs Best Value

SEND NOW

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 500. Today’s Ofx exchange rate for sending money from USD to MXN is 18.31 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 1.77% 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
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.95) $ 504.95
Receiving Amount
$ 9170
Realized Exchange Rate
18.16
pangeamoneytransfer USD to MXN Exchange Rate
18.34
2.58% 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 500. Today’s Pangeamoneytransfer exchange rate for sending money from USD to MXN is 18.34 with a $ 4.95 fee. Based on the Exchange Rate IQ calculations it offers 2.58% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.16. 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) $ 504.99
Receiving Amount
$ 9130
Realized Exchange Rate
18.08
xoom USD to MXN Exchange Rate
18.26
3% vs Best Value

SEND NOW

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 500. Today’s Xoom exchange rate for sending money from USD to MXN is 18.26 with a $ 4.99 fee. Based on the Exchange Rate IQ calculations it offers 3% less than the best value for your money transfer. The realized exchange rate after considering the fees is 18.08. The pay in options available are Bank, 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
3 More Options Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(xoom / Realized)

Receiving Amount
(Receiving Amount)

$ 504.99
Pay-In :
18.26 / 18.08
Same Day
$ 9130
Pay-Out :
$ 512.99
Pay-In :
18.26 / 17.8
Instant
$ 9130
Pay-Out :
$ 512.99
Pay-In :
18.26 / 17.8
Same Day
$ 9130
Pay-Out :

More Options For Different Sending Amount

We have rates for some more providers but for either less or more sending amount
Money2anywhere is a product of UAE Exchange LLC Ltd which has its presence in more than 30 countries with over 150 correspondent banking relationships.

Supported Amount - $0 to $ 5000
Exchange Rate
17.54

SEND NOW

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
18.31

SEND NOW

More Available Options

You can check rates of some more providers that may support your country
Make money transfers and manage your account online 24 hours a day, 7 days a week from any device. XE Money has some best customer reviews we have ever seen, which shows that the users are satisfied with its services.
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
World First is a UK-based foreign exchange company. It offers currency exchange and international payments to private clients, corporate and e-Commerce clients in the UK and a number of other countries.
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. 
Hifx make moving money around the globe easy and great value.

Money Transfer Summary

By Exchangerate IQ
  • Transfast offering best value with the highest realized exchange rate today.
  • the fastest money transfer service to send money from USA to Mexico.
  • Offers are available on Worldremit, Remitly, Ofx, Pangeamoneytransfer money transfer services.
  • Available pay in when sending money from USA to Mexico Bank, Debitcard, Creditcard.
  • Available pay out when sending money from USA to Mexico Bank, Cash.
  • 8 money transfer services are available to send money from USA to Mexico.
  • The comparison result was last updated on Apr 21, 2019.
  • Money transfer guide for "Mexico" leads you to get better understanding of compare remit.
  • Check Xemoneytransfer, Westernunion, Worldfirst, Travelex, Hifx also when sending money to Mexico from USA.These money transfer services might support it.
  • 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.

Top Key factors to consider before transferring funds to Mexico

There are multiple companies providing remittance services from the USA to Mexico, but it is not necessary that it will provide you with the best available services. It is most essential for the sender to take charge and be aware of hidden and transfer fee along with the exchange rates provided by them as well as competitors. So, you should invest your time and explore the best keeping the following factors in mind:

Reliability: You must know that the remittance company whose services you are looking for is reliable and trustworthy. There are many fraud companies come up with their plans which are not licensed and offer minimum fee with the best exchange rates, but your money will not safe with them. The most reliable path of sending funds is through a bank, which imposes higher fee and lower exchange rates.

Plan the Transaction: If you are planning to transfer funds, you should not wait for making the last minute decision or wait for any emergency. When you feel the prices are at their best, you can transfer the funds with minimum transfer fees. This will cost you less and you can make the most from your money.

Customer Service: Having a helping hand at the time of transferring funds is beneficial if in case you face any difficulty. The reputable companies offer best customer support in the event of mishap like delay or non-arrival of funds.

Money transfer from the USA to Mexico FAQs

How long does an international money transfer to Mexico from the USA 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. Always check with the transferring company before you send your money.

Can I transfer money from the USA to Mexico through my bank?

Yes, most banks offer a wire transfer service, but it is usually more expensive than using the dedicated money transfer websites or remittance companies. A lot of Mexican banks are also offering their remittance services HSBC, UBS Bank, Barclays Mexico, etc.

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.

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. They deduct their costs & profits from the Mid-market exchange rates.

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. 

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.

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