What are the Cheap Ways of Sending Money to Mexico?

Send money to Mexico

Sending money to Mexico is an everyday necessity if you run a business in the country.

As a person experienced in money transfers to Mexico, you probably know that the money transfer charges vary greatly – from zero to over 100 dollars for a 1,000 dollars transfer. Time Doctor’s money transfer charges tables will help you acquaint yourself with the most popular money transfer services and their standard fees.

The estimates are made on the basis of sending 1,000 dollars to Mexico from the US, Australia, Canada or Europe.

Table 1: Sending $1000 from the US to Mexico
Transfer method Fees to send $1000 USD Hidden currency conversion cost Total fees Time for the transfer to arrive
OFX (previously USForex)* $0 $7.5 $7.5 1-2 days
Sharemoney $3 $10 $13 In Minutes
Xpress Money $8 $5 $13 3-5 days
TransferWise $15 $0 $15 3-5 days
Viamericas $5 $13 $18 3-5 days
XE Trade $0 $20 $20 3-5 days
MoneyGram (slow) $4 $16 $20 4-6 days
Ria Money Transfer (slow) $4 $17 $21 3-5 days
Transfast $0 $22 $22 1-3 days
Ria Money Transfer (fast) $6 $17 $23 In Minutes
WorldRemit* $4 $23 $27 1-3 days
Lucky Money (slow) $5 $24 $29 3-5 days
Payoneer $3 $28 $31 3-5 days
MoneyGram (fast) $15 $16 $31 In Minutes
Xoom (slow) $5 $26 $31 2-6 days
Western Union (slow) $4 $28 $32 4-6 days
Wire transfer $25-40 $10-20 $35-60 3-5 days
Western Union (fast) $15 $28 $43 In Minutes
Xoom (fast) $25 $26 $51 In Minutes
Lucky money (fast) $33 $24 $57 In Minutes
Skrill $33 $40 $73 3-5 days
Paysera $4 $75 $79 1-3 days
Payza $71 $25 $96 3-5 days
Travelex $0 $106 $106 3-5 days

Note:

  • Worldremit allows to send a money transfer to selected countries from the following states: Alabama, Florida, Idaho, Indiana, Iowa, Kansas, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Carolina, South Dakota, Utah, Washington, West Virginia, Wisconsin, Wyoming, District of Columbia and Puerto Rico.
  • Minimum transfer of $500 for OFX (previously USForex).
Table 2: Sending £1000 from the UK to Mexico
Transfer method Fees to send £1000 GBP Hidden currency conversion cost Total fees Time for the transfer to arrive
UKForex* £0 £7.5 £7.5 1-2 days
Azimo £1 £9 £10 1-3 days
Western Union £3 £11 £14 In Minutes
TransferWise £15 £0 £15 3-5 days
Exchange4free £0 £16 £16 1-2 days
WorldRemit £3 £14 £17 1-3 days
XE Trade £0 £23 £23 3-5 days
Small World FS £5 £19 £24 1-3 days
Wire transfer £15-25 £10-30 £25-55 3-5 days
First Remit £17 £13 £30 2-6  days
Travelex £0 £35 £35 3-5 days
Skrill £21 £25 £46 3-5 days
Paysera £3 £46 £49 1-3 days
MoneyGram £41 £25 £66 In Minutes
Payza £47 £16 £63 3-5 days

Note:

  • Minimum transfer of £500 for UKForex.
Table 3: Sending $1000 from Canada to Mexico
Transfer method Fees to send $1000 CAD Hidden currency conversion cost Total fees Time for the transfer to arrive
CanadianForex* $0 $7.5 $7.5 1-2 days
TransferWise $15 $0 $15 3-5 days
XE Trade $0 $21 $21 3-5 days
WorldRemit $4 $20 $24 1-3 days
Transfast $0 $29 $29 1-3 days
Exchange4free $0 $31 $31 3-5 days
MoneyGram $15 $19 $34 In Minutes
Xpress Money $15 $23 $38 3-5 days
Wire transfer $25-40 $20-30 $45-75 3-5 days
Western Union $40 $44 $84 In Minutes
Skrill $40 $49 $89 3-5 days
Paysera $5 $92 $97 1-3 days
Payza $87 $31 $118 3-5 days
Travelex $0 $125 $125 3-5 days

Note:

  • Worldremit can only send 995 CAD from Canada to Mexico.
  • Minimum transfer of $500 for CanadianForex.
Table 4: Sending €1000 from Western Europe to Mexico
Transfer method Fees to send €1000 EUR Hidden currency conversion cost Total fees Time for the transfer to arrive
UKForex* €0 €7.5 €7.5 1-2 days
Paysera €3 €6 €9 1-3 days
XE Trade €0 €10 €10 3-5 days
Azimo €3 €12 €15 1-3 days
TransferWise €15 €0 €15 3-5 days
WorldRemit €4 €15 €19 1-3 days
Exchange4free €0 €22 €22 3-5 days
Small World FS €0 €28 €28 3-5 days
First Remit €23 €17 €40 2-6  days
Wire transfer €20-35 €20-40 €40-75 3-5 days
Western Union €9 €44 €53 In Minutes
Skrill €28 €35 €63 3-5 days
MoneyGram €31 €37 €68 In Minutes
Payza €65 €22 €87 3-5 days
Travelex €0 €106 €106 3-5 days

Note:

  • Minimum transfer of €500 for UKForex.
Table 5: Sending $1000 from Australia to Mexico
Transfer method Fees to send $1000 AUS Hidden currency conversion cost Total fees Time for the transfer to arrive
OFX (previously OzForex) $0 $7.5 $7.5 1-2 days
TransferWise $15 $0 $15 3-5 days
XE Trade $0 $23 $23 3-5 days
WorldRemit $4 $24 $28 1-3 days
Exchange4free $0 $32 $32 3-5 days
Paysera $5 $29 $34 1-3 days
Wire transfer $25-35 $30-60 $55-95 3-5 days
Skrill $42 $51 $93 3-5 days
MoneyGram $75 $63 $138 In Minutes
Travelex $0 $141 $141 3-5 days
Payza $122 $32 $154 3-5 days
Western Union $70 $92 $162 In Minutes

Note:

  • OFX (previously OzForex) is a good option for sending larger amounts of money and their exchange rate fee goes down for larger amounts. Minimum transfer of $500.

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