20 May 2020

How to send money to Mexico

How to send money to Mexico

The Mexican diaspora is one of the largest in the world. In the United States alone there are nearly 37 million Mexican Americans, and 13.5% of the US population speak Spanish at home!

With $30bn sent from the USA alone to Mexico per year - making this the largest money transfer corridor in the world - Mexicans living abroad need fast, simple and reliable money transfer services so that their recipients can receive the money as conveniently as possible.


What’s the best way to send money to Mexico?


Traditional methods of money transfer included giving money to a cashier at a high-street bank or remittance store. But with these services not always available, alternative solutions are needed that let you send money anytime, from the comfort of your own home.

Online money transfer platforms let users send money internationally from their smartphone or laptop. They’re simple and user-friendly apps that can help customers save time and money with their transfers when they send money to Mexico online.


How do I send money to a Mexican bank account?


Paysend offers a speedy, low-cost way to send money to Mexico from the UK via the Paysend app or website.

Paysend has over 1.8 million users, and over 10k reviews on Trustpilot with 89% of reviewers giving a 5-star rating. With Paysend, you can choose to send money either to a bank account or directly to a credit or debit card in Mexico.


What is the cheapest way to send money to Mexico?


Whereas banks usually charge high fees for your international money transfers, with Paysend you can send money directly to a credit or debit card in Mexico for just $2, £1 or €1.5 (or equivalent, depending on where you’re sending it from).

And if you want to transfer your money to a Mexican bank account, there will be no transfer fees when you send money using the Paysend platform!


How much will my recipient receive?


Paysend uses very competitive exchange rates, which, combined with our low fees, means that we provide some of the cheapest money transfers to Mexico. You can find out exactly how much your recipient will receive in Mexico by visiting our homepage.


How long does it take to transfer money to Mexico?


We know that you want your money to arrive with your recipient fast. That’s why we do everything we can to ensure that your recipient in Mexico gets their money within a few minutes of being sent - although it could take up to three working days if your recipient’s bank isn’t quite as quick as us at processing payments!

Download the Paysend app now to start sending money cheaply and quickly to Mexico.