Transfer Money Now
Main Services: International money transfers, remittance services, mobile transfers
Transfer Objective: One time/ Recurrent
Transfer Method: Direct to Bank, Cash pick-up, Mobile top-up
Min Transfer Amount: $15
- Great on mobile transfers
- Easy to send or receive money
- Good for remittance services
Main Services: International money transfers, cash pickup, remittance services, mobile transfers
Transfer Objective: One time/Recurrent
Transfer Method: Bank transfer, Phone/App, debit or credit card, cash pick-up
Min Transfer Amount: £0.01
- Locked-in exchange rates
- 145+ years of experience in moving money
- Tracking options for transfers online
- 0-3 days of delivery (depends on destination)
Up to 24h
Main Services: Send money online, bank transfers, telephone transfers. Send money to family and friends, emigrate, buy a property overseas or make regular maintenance payments.
Transfer Objective: one off/regular transfers
Transfer Method: Electronic bank transfer, UK debit card, UK direct debit
Min Transfer Amount: £100
- Free transfer fees
- Free to open an account
- Transfers by phone, online or App
- Safeguarded customer funds
- Longstanding FX provider since 1979
Up to 24h
More than 48h
Up to 24h
More than 48h
One of the first things that you need to do when considering an international money transfer is to make a research of the providers, including exchange rates, speed of transfer, and credibility of the companies which you are considering.
Follow the link to get the main checklist on how to compare.
The limit per one transfer may vary depending on the conditions of the provider that you are using. For example, the maximum amount per transaction through Western Union is USD $5,000, while many others have no maximum limit. However, many if not all of the agents have a minimum limit for a transaction and it could vary from 1$ to 1000$. Local country laws may further limit payment amounts.
According to the regulation, Mexican banks must observe the following limits:
See locations for additional country restrictions & check the specific conditions fitting your case.
There is no general limit on sending money to Mexico. You can send as much as you need. But for example, if you’re sending more than $10,000 from the US to the Mexico, you’ll want to make sure to report it. While you can make large transfers depending on your bank’s policy, the bank must report wire transfers over $3,000 and any transaction over $10,000. Independent money transfer businesses are sometimes required to report amounts as low as $1,000, depending on the circumstances. Please check the local regulations of the sending location.
The US Congress recently submitted a bill that proposes a 2% tax on remittances and even the potential options of prohibition the remittance from the US Mexico, and though it is not active at the moment, make sure to check the most updated status!
Depending on the type of remittance and the provider you are using, the transfer could be available to your recipient in Mexico anywhere between few minutes and few days. Please check the specific conditions fitting your case.
Most of the financial institutions have online tools on their website that allow you to track the money transfer. If you have carried out the money transfer to Mexico via a bank, you can track your transaction by entering information like the tracking number and beneficiary’s account no. on the bank’s website.
When you send money via services like Xoom, Western Union, or Ria, you can always track your transfer by logging into your account on their website. The status tracking tools on the websites of these services keep the customers updated about the change in status. The recipient in Mexico can also check the status of the transfer online. The check transfers and bank draft transfers can also be tracked online. Some of these institutions even provide updates via email and SMS where the sender and the receiver can keep a check on the status. A few companies like TransferWise and Xoom have mobile apps that enable customers to check the status of transfer on their mobile devices.
Mexico doesn’t levy specific inheritance, estate or gift taxes on large amounts of money transferred into the country. In short, you can send as much as you’d like to friends and family without triggering a gift or income tax.
The US Congress recently submitted a bill that proposes a 2% tax on remittances to Latin American countries that include Mexico and though it is not active at the moment, make sure to check the most updated status!
When you’re sending money overseas, in many cases you’ll need to convert the funds you send into another currency. But the provider or agent will convert the currency anyway, so you don’t have to deal with it yourself. Generally, Agent locations only accept cash in local currency. The receiver in Mexico will be paid out in Mexican Pesos (MXN).