When you need to transfer money to Mexico you will want to find a service that enables you to make money transfers to Mexico cheaply and simply. Transferring Mexican Pesos to Mexico will be really simple as there are numerous services that will be able to facilitate your MXN money transfer to Mexico, so considering the various options is wise as it will help you to find the service that makes the money transfer most beneficial for you.
In 2010, 317.9 thousand people emigrated from Mexico, which constitutes 3.4% of the country’s population. The top destination countries for these emigrants were Norway, the United States, Finland, Germany, Spain and the United Kingdom. Each year Mexico experiences a significant remittance inflow, with a recorded US$796 million being transferred to Mexico in 2010.
Your money transfer to Mexico will involve a foreign currency exchange as you will need to convert the currency that you are paying with in to Mexican Pesos. To make your money go further when purchasing your Pesos you will want to find a service that charges low transfer fees and offers a great MXN exchange rate.
What options are there when I need to make a money transfer to Mexico?
When you need to transfer money to Mexico, your initial thought may be to go through your bank. While going through your bank is an obvious way to make the money transfer to Mexico, overseas money transfers through a bank can often be costly as banks are known to offer poor currency exchange rates and to charge large transfer fees.
A money sending bureau
When you need to transfer money to Mexico a money sending bureau, such as Western Union or MoneyGram, is an alternative service to a bank which enables you to transfer money to your recipient promptly. While these services are a convenient and fast way of transferring money to Mexico they are costly services as you are likely to get an uncompetitive Peso exchange rate and the often charge really high transfer fees.
Xendpay: The ideal alternative to a bank or a money sending bureau
Now you can make money transfers to Mexico at a lower cost, simply and quickly online thanks to Xendpay.com.
Every day we assist growing numbers of individuals with their money transfer needs, offering our customers a more competitive exchange rate than a bank or a money sending bureaux would offer and charging lower transfer fees. Why not compare our rates, or take a look at our list of transfer fees?
To find out how competitive our transfer fees are compared to other money transfer services, take a look at the comparison table below.
|Transfer £500 to Mexico||Transfer fee||Total cost of transfer|
*The fees stated above are representative of a £500 money transfer to Mexico, paid for in Pound Sterling and are accurate as of the 14/06/2012 16:35.
- Great exchange rate for the Mexican Peso
- Low transfer fees
- Transfer money, 24/7 online
- No need to visit shops or to queue
- Online and telephone help
- Pay by either bank transfer or credit or debit card.