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How to Send Money to Mexico Cheap and Fast

Do you want to send money to Mexico? Are you tired of paying ridiculous fees or waiting days for the money to arrive? In that case, this article is for you. We examined some of the best money transfer solutions to find out which is the best one to send money to Mexico. Keep reading to find out how to get the money to your family and friends in the most efficient manner possible.

Cheapest way to send money to Mexico 

The best method to send money to Mexico may differ based on the specifics of your transaction. Whether you prioritize cost or speed, the payment method you choose, and other factors may influence the best choice. 

But, it would be best if you know:

  1. Transfer fees: Money transfer operators generally set a cost structure, while others offer no payments for overseas transfers but have a higher exchange rate markup.
  2. Exchange rates: The percentage added to the mid-market exchange rate is known as the exchange rate.  

To discover the cheapest method to send money to Mexico for your particular transfer, you’ll need to compare providers and the various cost structures they have in place for each of these charges. The cheapest way is using an app to send money to Mexico because it provides a variety of payment and delivery options.

Fastest Way to Send Money to Mexico

Wire transfers are the more traditional option, and they are relatively safe, too, but they could take longer. On the other hand, bank transfers might require a physical presence, especially if you don’t know how to send money to Mexico online. With transfer apps, you can send money wherever you are in the world. Therefore, transfer apps are the fastest and easiest.  

For money transfer apps, you may consider using calculators to get the best possible exchange rates. You may consider the Transfergo calculator app. It is straightforward. 

Best Ways for Specific Countries

The most cost-effective money transfer service now may not be the most cost-effective tomorrow. Therefore, we will provide some examples below based on the most popular corridors. 

Send Money to Mexico From the USA

 One of the cheapest ways you can send money from the USA to Mexico is through Revolut. For example, if you want to transfer 1.000 USD from one Revolut user to another, the fee is as low as $3 (at the time of writing). The same goes if you need to send money from Mexico to USA.

Send Money to Mexico From the UK

The Wise app offers a cheaper and faster way to send money to Mexico from the UK. To send 1.000 GBP, the fees are 11.44 GBP and the funds are transferred in just 5 minutes.

 Send Money to Mexico From Canada

On the other hand, if you want to send money from Canada to Mexico, you best option is Wise, former TransferWise. You can send 1.000 CAD for a fee of just 14,71 CAD and your money will arrive in 1-2 days.

Conclusion 

Online transfer services make sending money easier. There’s no such thing as the best money transfer app for every situation. This is why we created a complex comparison tool to help you find the best money transfer app for your need.

Use our comparison tool now to find out which is the best money transfer app for your current needs.  

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