There are several ways to send money from the U.S. to Mexico, one of which is to have a relationship with a US bank that is also present in Mexico.
If the sender and recipient both have accounts with one of these banks, it might be a good idea to open an account locally in Mexico. Money being sent between accounts within the same bank is often processed quickly and at little or no cost.
Transfers between two banks are also pretty easy, but can take much longer with substantially higher costs.
You can initiate wire transfers to Mexico through banks. A wire transfer gets the money there fast, but there must be a corresponding bank to receive it. Fees can be high for international wire transfers, but this is a good option if the money needs to get there fast.
Yet another way to send money regularly to Mexico is through an ATM or pre-paid debit card. This is not the best method in case of an emergency as it takes time for the card to be sent to the person receiving the funds.
The money can be withdrawn from a large network of ATMs in Mexico if the debit card has the PLUS or CIRRUS logo on the back. Only use an ATM card if you trust that the cardholder is not accessing funds without authorization. A pre-paid debit card is a more secure way of sending the exact amount of money intended for the recipient.
In addition, online payment services such as ATM Cash are a popular way to get money to Mexico quickly. Online services allow you to send money 24/7 from your computer and for a less amount of money.
These are some of the most common, fastest and safest ways to send money to Mexico.
If the sender and recipient both have accounts with one of these banks, it might be a good idea to open an account locally in Mexico. Money being sent between accounts within the same bank is often processed quickly and at little or no cost.
Transfers between two banks are also pretty easy, but can take much longer with substantially higher costs.
You can initiate wire transfers to Mexico through banks. A wire transfer gets the money there fast, but there must be a corresponding bank to receive it. Fees can be high for international wire transfers, but this is a good option if the money needs to get there fast.
Yet another way to send money regularly to Mexico is through an ATM or pre-paid debit card. This is not the best method in case of an emergency as it takes time for the card to be sent to the person receiving the funds.
The money can be withdrawn from a large network of ATMs in Mexico if the debit card has the PLUS or CIRRUS logo on the back. Only use an ATM card if you trust that the cardholder is not accessing funds without authorization. A pre-paid debit card is a more secure way of sending the exact amount of money intended for the recipient.
In addition, online payment services such as ATM Cash are a popular way to get money to Mexico quickly. Online services allow you to send money 24/7 from your computer and for a less amount of money.
These are some of the most common, fastest and safest ways to send money to Mexico.
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