Transfer Money to Mexico

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About Money Transfers to Mexico

We make it our mission to provide you with the best exchange rates and deals when sending money to Mexico, and want to ensure that the service we supply to you is second to none. Our goal is to put your mind at ease as we strive to save you a substantial amount of money using only FCA regulated companies so that you can rest assured your money is in the most capable hands.

Whether you are considering immigrating to Mexico City or purchasing a holiday home in Los Cabos, our comparison table will find you the rates and products to suit you needs, whatever the amount. Our service will aim to help and advise you on the options available to you when sending money to Mexico, also saving you a considerable amount of time in the long run.

Last updated: May 08, 2014 Our methodology

Quick Facts: Mexico

Key information for sending money to Mexico

Transfer Speed
1 working day
Local Currency
MXN
Income Tax Rate
0-29%
Avg. Property Price/m²
13,476.02 MXN
Avg. Monthly Rent (3 bed)
7,942.43 MXN
IBAN Required
No

Money Saving Tips for Mexico

Expert advice for your international transfer

Becoming a resident enables entry into the National Health Care Plan, which offers 100% cover for £160 a year and access to the country's first rate hospitals.

Lake Chapala is increasingly becoming a hotspot for property buyers and with a close by international airport it is convenient to travel to and from the UK.

Mexican authorities require that applicants have sufficient funds to sustain themselves while in Mexico in order to be granted a Temporary Resident Visa.

If you are immigrating, the support from a good lawyer can save you a considerable amount of time, especially if your application is complex.

What You Need to Send Money to Mexico

Checklist of recipient bank details required

Routing Number e.g.
Bank routing number
SWIFT/BIC Code e.g. BANKMXXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Mexico

HSBC Mexico BBVA Bancomer Santander Mexico Banorte Banamex Inbursa

"When sending money to Mexico, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Mexico

What is the cheapest way to send money to Mexico?

The cheapest way to send money to Mexico depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Mexico?

Most transfers to Mexico are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Mexico?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Mexico?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Mexico

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.