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Category Archives: Money transfer from USA to Mexico

Transfer Money Internationally: Review and Tips

When asking about “the best” way to transfer money, we realize that it is a very subjective question. The reason for that is simple: we are as consumers are quite unique in our behavior when it comes to handling money. Mexicans don’t behave like Indians and Chinese are very different from Filipinos. But even within each ethnicity, there are multiple distinct behavior patterns. One manager of an Indian restaurant has accounts with multiple digital providers and compares prices before each transfer while his colleague next door prefers to send cash via a Western Union agent.

Let’s start with a “big picture” – there are 250+ million consumers worldwide who regularly send money home and that number keeps growing fueled by ever expanded migration:

Source: https://www.weforum.org/agenda/2020/01/iom-global-migration-report-international-migrants-2020/
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Send Money to Mexico: Cheap and Fast, Review and Tips

— Posted by SaveOnSend to Money transfer from USA to Mexico   |   2 Comments

Mexico money transfer from USA: #1 global corridor

Are you Mexican-Chicano sending money from USA to Mexico? Want to get the most pesos for your dollars? Not sure how to send money online and which provider is the best, cheapest or fastest? YOU came to the right place! We will cover all most important topics:

  1. Sending money to Mexico: key trends
  2. Pesos to dollar exchange rates and timing
  3. Top providers for sending money to Mexico
  4. The best way to send money to Mexico for you

Please note this post is specific to Mexico. If you are looking for general knowledge of how to best send money, please review this other SaveOnSend blog post first. And if you only have 30 seconds, just find the best provider with well-known comparison sites: CompareRemit, Monito, or RemitRate.

Before we get started… Great news if you are a consumer sending money from the US to Mexico: it is currently one of the most competitive corridors from the US, attracting more providers and larger investments than many other destinations. You could make a relatively safe assumption that when transferring money to Mexico with any top provider you will get a reasonable price and service. Overall, the cost of sending money has been decreasing globally, dropping 30% in the last 10 years alone:

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