Best way to transfer money from Mexico to the USA (2024)

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Top Provider For transfers from Mexico to the USA

Based on 15,915 comparisons made by Monito users in the past 3 months.

Compare live results
  • Top provider

    Global66 Monito Score 8.5

    Best way to transfer money from Mexico to the USA (14) Cheapest

    in 100% of all comparisons

    Best way to transfer money from Mexico to the USA (15) Top rated

    in 100% of all comparisons

    Best way to transfer money from Mexico to the USA (16) Fastest

    in 100% of all comparisons

    Go to Global66
  • Best way to transfer money from Mexico to the USA (17) Cheapest

    in 100% of all comparisons

    Best way to transfer money from Mexico to the USA (18) Top rated

    in 100% of all comparisons

    Best way to transfer money from Mexico to the USA (19) Fastest

    in 100% of all comparisons

Best of 2 providers. Compare all

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1 MXN = USD Mid-market exchange rate

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  • Best way to transfer money from Mexico to the USA (20)

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Advertiser disclosure

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Mexico to the USA:

Best way to transfer money from Mexico to the USA (24)

Best Ways to Send Money from Mexico to the USA

  • The best rated: Global66 (8.5/10)
  • The cheapest: Global66
  • The fastest: Global66
  • The best mobile app: OFX

About Money Transfers from Mexico to the USA

Monito compares 2 providers offering international money transfer services from Mexico to the USA. The total cost of the cheapest available option at any given point in the past month was 2.3% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 6.0%.

💸 Number of providers

2

🏆 Most often cheapest provider

Global66

💰 Average Lowest Total Cost

2.3%

💰 Highest Total Cost

6.0%

👍 Recommended Providers

OFX, Global66

⚡ ️Fastest Transfer Time

Same day

💳 Pay-in Options

International bank transfer, Bank transfer

💵 Pay-out Options

Bank account

💸 Most transferred amount

10000 MXN

How to Transfer Money From Mexico to the US

You'll have two main options if you send money from Mexico to the US. One will be to go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service.

1 — How to Transfer Money to a US Bank Account

Using an online international money transfer service is the fastest and cheapest way to transfer money from Mexico to the US. There are several top online transfer platforms that offer MXN to USD transfers, including:

  • Wise
  • Paysend
  • Small World
  • Remitly
  • MoneyGram
  • WorldRemit
  • Xoom
  • Skrill
  • Instarem
  • XE Money Transfer
  • Xendpay
  • OFX

In general, money transfer services are the best way to send money abroad not only because they're the cheapest, but also because they're usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From Mexico to the US

Using your bank — whether it be BBVA Bancomer, Banco Santander, Banorte, or any other — is indeed a reliable option for sending money from your bank account to a bank account in the US. However, it's very expensive and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps along the way.

In fact, sending money from Mexico to the US with BBVA, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. It's for this reason that we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers in our in-depth guide.

3 — Google Pay Mexico to the US

A lot of people wonder whether or not they can use Google Pay to send money from Mexico to the US. Unfortunately, it's not yet possible to send money this way at this time, as Google Pay only supports international money transfers from the US.

Online Money Transfers to the US From Mexico

Would you describe yourself as tech-savvy? Then you'll find online money transfers very handy. The good news is that you could get more dollars for your pesos by switching to one of the online money transfer providers, for example, Wise,Skrill,Instarem, orWorldRemitto name a few.

In the 21st century, an online money transfer is the equivalent of wiring money — only it's much cheaper and easier! With online money providers, you can send money via your mobile phone, laptop, or tablet with just a few clicks. There's no need to go to a bank or money transfer physical location. They offer much better MXN-USD exchange rates than banks and low and transparent fees.Compare your optionsin the list above to find the fastest, best rated, or cheapest option to send money to America.

Make sure tocompare your optionsbefore every transfer from Mexico to the US to get the best MXN-USD exchange rate every time.

The Cheapest Way to Send Money From Mexico to the US

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps likePaypalare typically very expensive options when you factor in all fees (which include hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from Mexico to the US: The cheapest operator will not necessarily be the same for a transfer of $5,000 and a transfer of $50,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to the US. You shouldcheck out Monito’s live comparison toolwith dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to the US From Mexico

It is no surprise that thespeed of your transfer depends on the method you choose to send your money from Mexico to the US.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day.

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found inour guide.

Best way to transfer money from Mexico to the USA (25)

Currently, you can send money from Mexico to the USA with XE Money Transfer and Global66. The provider has an overall score of 7.5/10. Monito's independent score is based on the total fees of XE Money Transfer and on how easy it is to transfer money from Mexico to the USA with the provider. You can read more about how our score works here.

FAQ About Money Transfers From the US to Mexico

  • What is the best way to send money from Mexico to the USA?

    The best way to send money from Mexico to the USA depends on the way the transfer will be paid for and received, the amount you send and the transfer speed. If that sounds complicated to you, try Monito's independent money transfer comparison.

  • What is the cheapest way to transfer money to the USA?

    The cheapest way to transfer money to the USA are most likely specialized online money transfer services with low fees and good exchange rates. Banks, on the other hand, tend to be much more expensive.

  • Which bank should I use to send money to the USA?

    Compared to specialized online money transfer services, sending money to the USA via a bank is likely to be very expensive. Choose a transfer service instead and benefit from lower fees and better exchange rates.Use the independent money transfer comparison Website Monito.

  • How long does it take to send money from Mexico to the USA?

    The time it takes to transfer money to the USA depends on the provider you choose. If you choose a specialized online money transfer from our platform, it will typically take between 3 to 5 days before the money arrives in the USA.

  • What is the safest way to send money from Mexico to the USA?

    Monito only works with transfer operators or banks that are fully authorized and monitored by the regulation authorities where they operate. Therefore, you can send money safely with all providers we list.

  • How much money can I send to the USA?

    Generally, our money transfer partners allow you to send high amounts of money. For higher-value transactions to the USA, you still may choose to transfer funds using a foreign exchange (FOREX) broker, as you will receive personalized phone or email service and may be assigned a specialist account manager.

Best Rated Providers to Send Money from Mexico to the USA

8.8

Monito Score 2023

  • Customer Satisfaction 8.5

Go to OFX

8.5

Monito Score 2024

  • Customer Satisfaction 8.4

Read the full review

See Monito's In-Depth Money Transfer Guides

Best Ways To Send Money Internationally March 27, 2024 - by François Briod Fastest Ways To Send Abroad November 22, 2022 - by François Briod Transfer Specialists vs Banks November 22, 2022 - by Byron Mühlberg Best Money Transfer Services October 11, 2023 - by François Briod

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almostall major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • Best way to transfer money from Mexico to the USA (32)

    You save money on your transfer by selecting the cheapest provider.

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    The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

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    Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

  • How can I use Monito to find the best option to send money to the USA?

    Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.

  • I simply use my bank to send money to the USA, do I really need to compare other options?

    Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.

  • Can I trust a company I found on Monito but never heard about before?

    Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.

  • Is it possible to send money with Monito, or are you just a service to compare money transfer services?

    Monito is not a money transfer company. We’re here to help you find the best way to send money to the USA.

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito

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    Mid-market exchange rate

    Best way to transfer money from Mexico to the USA (38)

    To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source fromXE.

    Best way to transfer money from Mexico  to the USA (2024)

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