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.
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Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Back-to-school season can be one of the times of year you feel furthest from the people you love. It's also one of the most expensive – school supplies, uniforms, tuition, and everyday essentials all add up at once. Many people help cover these costs by sending money internationally to family abroad. To support that, new Paysend customers get a fee-free first transfer at a better exchange rate during the back-to-school period.
Whether you're helping pay for school or everyday expenses, an international transfer can get support to the people who need it, when they need it. Paysend lets customers send money to more than 170 countries through secure, straightforward payment methods — here's how to sign up for free and claim the offer.
