The most common way remittances to Mexico It is through US banks offering money transfer services, but nevertheless, They tend to have less competitive exchange rates, with high transfer rates.
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That's why you want to present the following companies remittances to Mexico they can help you send money faster and cheaper.
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Places to make money shipments to Mexico
The most common way to do remittances to Mexico It is through US banks offering money transfer services, but nevertheless, They tend to have less competitive exchange rates, with high transfer rates.
On the other hand, you can also use the services of a company transfer, at present, It is one of the best ways to save money. These providers specialize in handling money transfers abroad, offering attractive exchange rates and affordable rates, This means that you save money, and the recipient ends up with more Mexican pesos in his pocket.
How international transfers money work?
Usually, one involves providing funds transfer to a bank or a vendor independent transfer, which then sends the money to your recipient in another country, in this case, Mexico. This can be done in person or online. You can use cash or transfer funds from your bank account, which they are deposited in the bank account of the recipient or are made available as cash to collect them in one place in your country.
The main places that offer the service to send money to Mexico are:
- Bank transfers. The US bank which you purchase your service will allow you send money to Mexico.
- Money transfer providers. providers such as Xoom y WorldRemit They help the user to transfer money quickly and easily, as, They allow you to send money directly to bank accounts, send cash to pick up at the counter, send money directly to the address of your recipient, make transfers to the instant mobile money accounts and purchase credits.
- Transfer companies with cash collection. providers such as WesternUnion, MoneyGram and Ria They allow you to send funds that can be collected from an agent in Mexico, also, so much Western Union and MoneyGram They have their respective mobile applications to send money, check exchange rates and track a transfer from the palm of your hand.
- PayPal. PayPal It is an option to send the smaller quantities to Mexico. You can transfer funds PayPal your bank account and remove them safely.
- Cheques. Although not the fastest method, send an international check is an option when needed send money abroad; these can be obtained in a bank.
How to make money transfers from the US to Mexico by Elektra
ELEKTRA serves of International Transfers users in accordance with applicable law and subject to the Policy ELEKTRA, the which must be accepted by users when using the Service.
All users as consideration for the Service International Transfers They must pay a certain price and money plus taxes, fees or charges, applicable.
The sender and receiver may hire the service of International Transfers through the means put at their disposal ELEKTRA, to today means hiring are as follows:
1. Business establishments.
Senders must provide full name of the Beneficiary, Instead of charging for the Beneficiary, Shipping amount, full name of the sender and the sender address.
On the other hand, the Recipient must provide the transfer key, as well as an official identification, in accordance with valid identification documents pointing Elektra Policies and referred to in the applicable legislation in order to receive payment of the funds sent by the sender.
2. Mobile Application or Website
Senders must provide ELEKTRA through any of its accounts registered in the Mobile Application or Website resources legal tender in the Territory, who they want to send him (the) Beneficiary(s) designate(s). Once the user accepts the transaction sender sending email to receive registered for this purpose proof of Money transfer, containing all relevant data Operation, as well as the transfer key with which the beneficiary must request payment of shipping.
All operations are hereby limited to $17,000.00 (seventeen thousand pesos 00 / M.N.) transaction.
Through the Mobile Application, the Recipient must provide the transfer key, amount sent by the sender, who sent you and sends you reason why. Once the user accepts the transaction Beneficiary of the collection, You will receive the amount sent by the sender.
How to make remittances to Mexico from the United States by Coppel
The money transfer service to Mexico and receive international money It lends itself as an affordable and useful option without the need to be part of the banking system.
Coppel you can get your money from the United States through the transfer company MoneyGram, Coppel functions as an agent to send money in person, for this, should take the following steps:
- Find a branch. Begins to seek a nearby branch MoneyGram.
- Be prepared to provide the following information:
- full name and ID as appropriate.
- Recipient's name, that matches your identity.
- Location of the recipient.
- Amount you want to send, more money for fees or fees associated with the transfer service.
- Send safely. Give him to the agent the completed shipment along with the money and the payment of related fee with this transfer service; remember, also, supplying the reference number eight digit recipients.
You should always make sure the person or company you are sending money (or on behalf of which sends money) It is someone you trust and know. Money transfers through MoneyGram They can be charged in minutes on any of the available destinations, offering a safe option, fast and convenient. Service Coppel Physical greater lends only to people 18 years.
How to make remittances to Mexico by the United States for Bancomer
Bancomer offers the service of International Transfers for sending money to Mexico or receive money from your checking or savings account, in local currency or its equivalent in US dollars, the advantages offered security service, reception the same day shipping on transfers from the United States and if a International transfer BBVA Bancomer is returned to the beneficiary bank, the amount received will be credited to your account at the exchange rate prevailing in the system.
What you need to use the service?
- Physical persons
- official identification
- Debit Card charge account
- Complete the service request
- Moral people
- Original Instruction Letter, in good state (without erasures, erasures, corrections or alterations) and must contain the following:
- letterhead
- Place and date of issue
- aimed at BBVA Bancomer
- description and data service required by the customer
- account number
- currency and amount of the transaction (with number and letter)
- Original Instruction Letter, in good state (without erasures, erasures, corrections or alterations) and must contain the following:
- If you apply for third
- Name and signature of authorized third
- Type and identification number must present
- Name and signature of the holder, attorney, legal or authorized representative signing on the account
- A letter issued by operation: 5 business days from the date of issue
COSTS AND FEES
The cost of receiving a International transfer regardless of the amount will be $30 American dollars + VAT
By using this service branches will take a charge of $39 American dollars + VAT
For every transfer sent through Bancomer.com Bancomer net cash or charged up apply $308 pesos + VAT
The clarification will cost $27 American dollars + VAT if the destination currency is in US dollars or any currency other than euros.
As shipments to Mexico to make money by Banamex US
Banamex allows its customers to make international money transfers, that allow you to send and receive money safely to and from abroad. This service is available in its branch network, where you can make your transactions secure.
When you want to carry out an international money transfer with Banamex, the charge payable shall be the equivalent in MXN to $50 USD + VAT.
On the other hand, If you wish to receive a transfer from another country in your account Banamex, what the amount will be equivalent to MXN $15 USD + VAT.
How are exchange rates Banamex?
At the same as the vast majority of Mexican banks, Banamex constantly updates its rates change, therefore subject to changes in the market.
On its website you can meet the average price at which buy and sell currencies handlers, Similarly, can be via online chat, phone call, Email or attending some of its branches to know in detail the value handled each currency.
transfer and minimum amounts of available countries
To transfer money with Banamex, there are no minimum or maximum amounts.
What types of transfers can be performed with Banamex?
Banamex can make international transfers through payment orders with which you can send your money to bank accounts worldwide, where your beneficiary may collect the amount issued.
Recording and transfer process
In order to enjoy this service, You will need to be an active customer of Banamex, and count on a checking account or a debit card issued by this bank.
To perform international money transfer, You must attend the branch of your preference and provide the following data:
- SWIFT code of the bank where the money was sent
- the recipient's full name as it appears on official identification
- Name of the bank destination
- Plaza destination (country, state and city)
- ABA (solely for E.E.U.U.)
- Iban number, which it is equivalent to the number CLABE (Key Bank standardized 18 digit) for transfers to Europe and Asia.
The transfer will take between 1 Y 3 business days after you make the transaction so that the money reaches the bank account of your recipient.
Remittances to Mexico by Follow
Follow family business has been dedicated to providing excellence in money transfer services and money transfers to Mexico. With a deep understanding of the unmet needs of Mexican and Mexican immigrants in the United States.
Follow, It provides ease of sending money anywhere in Mexico, from Tijuana to Cancun through either their confidence our banking partners and locations to collect cash money, of which, most are open late and on weekends; alhunas of the best known are: Elektra, Azteca Bank, Super Farmacia, Caja Popular Mexicana, Walmart, Soriana, among others.
The 3 money transfer services offered are:
- Sending money to an agent Follow (ATM)
- Sending money online
- Sending money with the "SiguePay" application available on App Store and Google Play
How much money can be sent from the US to Mexico
While there is no limit as to how much money can be sent from the United States to Mexico, If you send more than $ 10,000, You will have to respect US laws. established to protect your money and protect the interests of the government.
By law, banks report all cash transactions exceeding $ 10,000 and any transaction of any amount that raises suspicion.
The money transfer companies, which often only they send money between countries, sometimes they have to report amounts as low as $ 1,000.
US law requires banks and companies money transfer report:
- Your name and contact information.
- The name and contact information of the person who sent you the money.
- If sent from a bank account, financial data from the sender, including SWIFT codes.
- Your bank information, including bank account.
- How much money you received.
It may interest you:
Shipments international money
Sending money from USA to Mexico