International money transfer service to Mexico

If you’re sending money from the U.S. to a specific bank account in Mexico, I’d compare services based on the total pesos the recipient gets, not just the advertised transfer fee.

The best deal usually comes down to three things:

• Exchange rate: how close the service gets to the current USD/MXN market rate.
• Transfer fee: whether there’s a fixed fee or a percentage-based charge.
• Delivery method: a deposit directly into a Mexican bank account, rather than cash pickup.

A service advertising a $0 fee can still be more expensive if it gives you a worse exchange rate.

My top 3 services to compare

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1. Wise — best starting point for a transparent exchange rate

(My first choice)

• Uses the mid-market exchange rate, with the fee shown separately.
• Supports direct deposits to Mexican bank accounts.
• Fees vary by amount and payment method.

Best if you want to avoid hidden exchange-rate markups.wise.com+1

Check Wise's quote

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2. Remitly — worth checking for a promotional rate

• Offers direct bank deposits in Mexico.
• New customers may qualify for a special first-transfer exchange rate and fee waiver.
• Promotional rates have eligibility limits and may not apply to later transfers.

Best if this is your first transfer and you qualify for the promotion.www.remitly.com+1

Check Remitly's quote

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3. Xoom — worth checking for a low upfront fee

• Supports deposits into Mexican bank accounts.
• Bank-account and PayPal-balance funding may have zero transaction fees.
• The exchange rate includes a markup, so a zero-fee transfer isn't necessarily cheapest.www.xoom.com+1

Check Xoom's quote

Let's find the cheapest option for your transfer

I can narrow this down to the best service for your specific amount. I just need one detail to start:

How much are you sending in U.S. dollars?

$200

$500

$1,000

$5,000

Another amount

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How will you pay?

Bank account (ACH)

Debit card

Credit card

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Is this a one-time or recurring transfer?

One-time transfer

Regular transfers

[Compare transfer costs]

One important tip: if you're sending to a specific person's account, make sure the service supports a direct Mexican bank deposit and have their account details or CLABE (the 18-digit Mexican interbank account number) ready.