Most Popular Money Transfer Methods
Here are the methods to transfer money to Mexico from any country around the world.
Despite the delays, bank-to-bank transfers are still a safe and trustworthy way to send money to Mexico. A bank transfer may take up to four days to reach its intended recipient.
When the bank you're sending money from doesn't have a formal financial relationship with the bank you're sending money to, a correspondent bank acts as an intermediary. The same applies when the currency you're sending isn't the same as what the recipient receives.
A wire transfer uses electronic transfer between two banks or other financial institution. To send money, you need to go to a physical location, as does the person receiving the money. Usually, the processing time is a few days and there’s also a limit on the amount of money that you can send.
Money Transfer Apps
Some money transfer companies offer applications available on Google Play or the App Store. They enable you to quickly check exchange rates and transfer money from anywhere in the world. Follow their directions on how to send money to Mexico using your smartphone. Money transfer apps are more popular because they are faster, cheaper, and easy to use.