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.
Bank transfers between different banks aren't difficult, but can entail a waiting period of up to 5 business days with 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.
Another way to send money to Mexico is through either an ATM card or a pre-paid debit card. In an emergency this may not be the best method, since it takes time for the card to be sent to the person receiving the funds, but for people who send money regularly to family in Mexico, the pre-paid debit card or ATM card is a good option.
Make sure you have a debit card that will ensure money can be withdrawn from a large network of ATMs in Mexico. If using an ATM card, make sure you trust that the recipient is not accessing funds without your permission. A pre-paid debit card is a safer way to ensure the recipient receives the exact amount of money intended.
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. - 16928
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.
Bank transfers between different banks aren't difficult, but can entail a waiting period of up to 5 business days with 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.
Another way to send money to Mexico is through either an ATM card or a pre-paid debit card. In an emergency this may not be the best method, since it takes time for the card to be sent to the person receiving the funds, but for people who send money regularly to family in Mexico, the pre-paid debit card or ATM card is a good option.
Make sure you have a debit card that will ensure money can be withdrawn from a large network of ATMs in Mexico. If using an ATM card, make sure you trust that the recipient is not accessing funds without your permission. A pre-paid debit card is a safer way to ensure the recipient receives the exact amount of money intended.
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. - 16928
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