Fastest Ways To Send Money To Mexico From The US

Updated on February 24, 2022 10:40 am

With today's technology, sending money to Mexico online is easier than ever.

If you're looking to send money online to Mexico, you have probably spent some time searching for the fastest and most efficient ways to do so. You may be wondering, how can I send money to Mexico using a reliable service without breaking the bank? The good news is, there are multiple ways to send money to Mexico online, including crypto remittances, cash-pickup options, and more. You can forgo sending money via traditional banks, which tend to offer poor exchange rates, charge higher fees, and take longer to transfer your money to your recipient.

Keep reading to learn more about how to send money to Mexico instantly from the US with the best rates and fastest turnaround times.

Cash-Pickup As A Delivery Option To Send Money to Mexico

When you choose your delivery option as cash-pickups for your money transfers, the money reaches Mexico within minutes if you pay for the transfer using a debit card, credit card or pay in-store at the money transfer agent's location.

Benefits include:

Payment via a bank account can take anywhere between 0-4 business days.
Your recipient can collect the cash from a nearby agent location in Mexico. This is a convenient option if he/she doesn't have a bank account or needs the cash in hand.

Here are money transfer companies that comparatively offer cheaper transfers for cash-pickup.

Remitly

Remitly has nationwide coverage of Mexico with 40,000+ cash pickup locations.

You can safely send money online to all major banks and or any of the thousands of cash pickup locations.

You can send money with Remitly in two ways: Express and Economy.

With Express, you pay a flat fee of $3.99 using a debit card if you are sending less than $500. If you are sending more than $500, you pay $0. The money arrives in minutes.
With Economy, you still pay $3.99 for transfers with less than $500, but the money reaches within 3 to 5 business days.

Pangea

Pangea, an online remittance service provider with over 12,000 cash-pickup agent locations, is another cheaper option.

You only pay $4.95 by debit card for every transfer and send up to $1,500 per transfer when you choose cash-pickup as a delivery option.

MoneyGram

MoneyGram has about 43,000 cash-pickup locations in Mexico, the largest network.

The fees are exorbitantly high for this delivery method, approximately $13.99 if paid by debit card. Though the money arrives in minutes, the high fee is a deterrent.
If you're wondering where can you pick up money from MoneyGram in Mexico, visit their locator here.

Western Union

Western Union, another industry incumbent, has a wide network of over 35,000 cash-pickup locations.

The fee for sending $500 to Mexico for cash-pickup is about $7 if you pay with a debit card.

Xoom

Xoom, a PayPal-owned online remittance service provider, has over 35,000 cash-pickup locations in Mexico.

Unlike other service providers, Xoom will deliver your money to Mexico on the same day regardless of the payment method. However, the cash-pickup option sends your money to Mexico in minutes.
Transfer fees for sending $500 for cash-pickup is a flat $3.99 if you pay with a debit card, a credit card (additional charges apply), bank account, or your PayPal balance. The fees are waived for direct bank deposit if payment is made using your PayPal balance or your bank account.

Send Money To Mexico Online Using Crypto

Did you know that Coinbase offers crypto remittances to Mexico? You can now send cryptocurrency from the U.S. to Mexico with the Coinbase app and cash out the digital currencies into pesos at 37,000 physical retail outlets and convenience stores located across the country. This has been made possible through a partnership with Remitly.

This is a free pilot program launched by Coinbase, the biggest U.S. cryptocurrency exchange. There will be a service fee after March 31, 2022, but it will be 25-50% cheaper than the usual fee for international money transfers.

Coinbase, getting into international money transfers dominated by industry giants like Western Union and MoneyGram is highly significant. Crypto remittances have been lauded as a way to improve global money transfers but it is yet to be adopted at a large scale by people.

Usually, recipients only receive funds as cash in their local currency with no option to save, grow or protect their money from losing purchasing power due to currency depreciation.
You can send crypto to recipients in Mexico from the Coinbase app. In that case, the recipients can convert the funds to pesos at thousands of locations located across Mexico or simply hold it in their Coinbase account. If they choose to cash out, a redemption code can be generated from their Coinbase app that can be used to cash out. This allows you to send money to Mexico in minutes.
They can also invest in any of the 100+ cryptocurrencies that Coinbase supports, including USDC, a stablecoin pegged to the U.S. dollar, which will allow your recipient can use to hedge against any devaluation of their local currency.
The lower costs of sending and the ability to cash out cryptocurrencies and flexible storage will allow users to save even more money at both ends (sender and recipient) of the money transfer process.

Did You Know? Fun Facts About Sending Money to Mexico Online

Mexico is the third-highest receiver of remittances in the world, behind India and China. Remittances is defined as the money migrants send home to their family and relatives.
The central bank of Mexico, Banco de Mexico recorded that the total remittances sent to Mexico in 2021 was about $51.6 billion, which is a 27.1% growth compared to 2020.
Most of Mexico's remittances, a whopping 95%, are sent by millions of Mexicans living in the United States. Remittances from the U.S. to Mexico are expected to remain high, fueled by strong labor markets and job opportunities for migrant workers.
According to BBVA, as of 2020, 99.0% of remittances to Mexico were made through electronic transfers. The majority of the transactions have been conducted online attributed to increased access to technology, fast delivery options, and lower costs of transfers provided by a competitive money transfer market.

Now, how fast your money reaches your desired destination will depend mainly on how you pay for the transfer and how the money is received by your recipient or the delivery method, which will, in turn, determine the cost of your money transfers.

The Bottom Line

In conclusion, the future of the global transfer market will be driven by further technological advances and increased access to mobile solutions, cashless transactions. Cryptocurrencies, which are being increasingly used in transfers, have the potential to change the landscape.

The fastest way to send money to MX, which is also safe and convenient, is through online money transfers. Most online money transfer providers offer similar services with variations in fees, exchange rates, and speed. If you are in a hurry, you might consider paying more for the fast delivery. However, the fastest option may not always be the best option. You may instead want to find the cheapest way to send money to Mexico.

Your needs might be looking for a cheaper option, better exchange rates, or a large network, but the smart approach is to choose a service provider that meets your requirements. Compare the money transfer companies based on fees, speed, exchange rates, safety, and make a secure transfer.

Are you looking for how to send money to Mexico instantly? Use CompareRemit's online remittance comparison service to identify the best way to send money to Mexico by clicking here!

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Money Transfer FAQ's

Ways to Get the Best GBP to INR Exchange Rate

Every extra rupee counts when sending money home to your family or handling business transfers. A better Great British Pound (GBP) to Indian rupee (INR) exchange rate means more money in your loved ones’ pockets—and even a slight rate change can make a big difference over time. Exchange rates constantly shift due to economic policies, global markets, and inflation. That means the rate today could save you money or cost you more compared to your last transfer. When the Pound is strong, your family gets more rupees. So, timing your transfer wisely can make all the difference. In this guide, you will learn how to secure the best GBP to INR rate, save on international transfers, and explore the best ways to send money for maximum value.How to Get the Best GBP to INR Exchange RateGetting the best GBP to INR exchange rate requires more than just sending money through the first provider you come across. With a few smart strategies, you can get the most out of your GBP to INR transfer. Here’s how you can avoid losing money in low exchange rates and hidden costs:1. Compare Various Remittance ServicesNot all remittance services offer the same exchange rates. Some platforms provide better rates with lower fees, while others may include hidden costs that sap your hard-earned money. You should compare the GBP to INR exchange rates before you send money. Banks vs. online transfer: Banks usually offer poor exchange rates and levy higher transfer fees than online money transfer platforms like Wise and Remitly. Hidden charges: Some providers offer a “zero-fee” service. It’s a trap! Always look out for hidden charges from such service providers. Transfer cost vs. speed: Faster transfer services cost higher fees, whereas standard remittance services charge lower transfer fees.2. Get Rate Alerts from Your ProviderExchange rates rise and fall every day due to various factors. Hence, ensuring that you time your transfer wisely can mean more money for your family. Get rate alerts: You can get alerts on apps like Wise when the GBP to INR exchange rate hits your desired amount. Track the market: Keep tracking the market. When the GBP is getting stronger, your family can get more rupees on your transfer. Lock the rate: Some platforms allow you to lock your desired price for 24 to 72 hours, which protects you from the sudden fall in the exchange rate.Pro Tip: If you are not in a hurry, wait till the favorable exchange rate before transferring a larger amount.Top Options for GBP to INR TransfersToday, multiple options are available for a GBP to INR transfer. Different options cater to different requirements—speed, higher exchange rate, or low fees. Let’s explore all the options. Bank wire transfer: Banks allow transferring money internationally, but they impose higher transfer fees and offer lower exchange rates than online transfer services. It is one of the most secure yet slow services. Online transfer services: Online transfer services are known for offering the highest exchange rates with lower transfer fees. They are as convenient as they are fast. You can use a comparison tool like CompareRemit to find the best GBP to INR exchange rate. Forex agents: Forex agents or brokers are the best option when you are looking to transfer a large sum of money. They are willing to negotiate on the exchange rate, sometimes offering higher rates than banks or online platforms.GBP to INR ForecastThe GBP to INR exchange rate has been fluctuating for a while now due to the UK’s shift in inflation and India’s emerging growth, as per recent reports. While it seems to be in a volatile state for some time, it is recommended that you consider locking the rates if you are looking to make a large transfer. On the other hand, if you are looking to make a regular transfer, the timing is not as essential as exchange, which is where tools like CompareRemit come in to save the day. Our platform finds real-time exchange rates and transfer fees offered by various providers. You can compare platforms like Wise, Remitly, Xoom, and many more to get the highest rates and lowest fees.Make the Most of Every TransferGetting the most out of GBP to INR transfers starts by comparing the exchange rates, transfer fees, setting alerts, and choosing the right provider. Whether the speed is a priority for you or low fees, or security, CompareRemit helps you make an informed decision with fees, real-time exchange rates, and special offers so that you can save and your family gets more money back home.Frequently Asked Questions (FAQs)Q: What is the best time to transfer GBP to INR?Avoid making GBP to INR transfers during weekends and holidays, as the rates are higher during that time. Try to transfer money during weekdays so that you can get the best exchange rates. Q: What’s the highest GBP to INR rate ever?The Pound hit an all-time high against the rupee on March 13th, 2025, with 1 GBP = ₹112.9770. Q: What fees come with international money transfers?Sending money abroad usually involves three main costs: Bank fees (charges from your bank for processing the transfer), Currency conversion fees (the cost to exchange GBP to INR), and Provider fees (the transfer service charges for sending your money).

USD to Pakistani Rupee: Best Exchange & Transfer Tips

If you are looking to send money from the United States to Pakistan, it is important to understand the dynamics of the US dollar (USD) to Pakistani rupee (PKR) exchange rate. It can maximize the value of your transfers because fluctuations in exchange rates can significantly impact the amount received by your beneficiaries. This guide will provide you with an overview of recent trends in the USD to PKR exchange rate while delving into factors influencing these fluctuations. This will help you identify and explore the best remittance options available for sending money to Pakistan.USD to PKR Exchange Rate TrendsAs of March 30, 2025, the exchange rate stands at approximately 1 USD to 280.044 PKR. Over the past year, the Pakistani rupee has experienced significant depreciation against the US dollar due to several economic and political factors. The average exchange rate for the calendar year 2025 so far has hovered around 279.49 PKR, with a high recorded at 293.342 PKR on March 10, 2025. Over the last 30 days, the exchange rate has ranged between a peak of 280.250 and a low of 279.650 PKR, reflecting relative stability in recent weeks.Factors Influencing Exchange RatesThe USD to PKR exchange rate is subject to many factors, so it is best to stay informed and adaptable. Several elements contributing to the fluctuation of this currency pair’s exchange rate include:Economic IndicatorsTrade balance between the US and Pakistan.Inflation rates in both countries.Higher inflation in Pakistan erodes the purchasing power of the Pakistani rupee, leading to depreciation against the US dollar.GDP growth rates and unemployment figures also affect investor confidence and currency valuation.Central Bank PoliciesActions taken by the State Bank of Pakistan (SBP) and the U.S. Federal Reserve, such as interest rate adjustments and monetary policy decisions, directly impact currency values.Foreign Exchange Reserves Adequate reserves enable a country to stabilize its currency. Declining reserves can lead to currency depreciation.Political Stability Political uncertainty can deter investment and economic confidence, negatively impacting the currency's strength.Key Players in the Remittance MarketSeveral major players facilitate sending money to Pakistan from the USA. These include:Traditional banks: Banks like Habib Bank Limited (HBL) and United Bank Limited (UBL), with branches in the US, offer remittance services.Money transfer operators (MTOs): Companies like Western Union and MoneyGram provide widespread access and relatively fast transfers.Online remittance platforms: Digital platforms such as Xoom, Remitly, Wise (formerly TransferWise), and others offer competitive exchange rates and lower fees.Remittance Options for USD to PKR TransfersWhen sending money to Pakistan, it is advisable to choose a service that offers favorable exchange rates, low fees, and reliable delivery. There are multiple transfer companies known for sending money to Pakistan from USA, each providing different features and benefits. Mentioned below are a few providers that are considered to be top choices in sending money to Pakistan. However, it is important to compare their features and advantages with one another to select an option that fits your needs.Remittance ProviderKey FeaturesBenefitsWise (formerly TransferWise)• Mid-market rates• Transparent fees• Multiple payout options• Borderless account• No hidden markups• Fast transfers• Low fees• Real-time trackingRemitly• Zero fees on large transfers• Competitive exchange rates• Various delivery methods• Mobile wallet support• Secure transactions• Global network• Flexible options• Fast processingMoneyGram• Worldwide agent network• Multiple payout options• Online transfers• Mobile services• Quick transfers• Wide availability• Various payment methods• Easy trackingXoom• PayPal integration• Low fees• Fast transfers• Bank deposit options• Competitive rates• Easy setup• Quick processing• Secure transfersRia Money Transfer• Low transfer fees• Competitive rates• Global network• Cash pickup• Fast delivery• Wide coverage• Secure transfers• Easy tracking Each provider offers unique advantages for USD to Pakistani Rupee transfers. MoneyGram provides extensive physical networks, while Xoom offers seamless integration with digital payment systems. Remitly and Ria Money Transfer focus on competitive rates and low fees, particularly for larger transfers. For the most up-to-date rates and provider comparisons, consider using specialized comparison tools like CompareRemit, which can help you make informed decisions based on real-time data and comprehensive service evaluations.How to Choose the Best Remittance ServiceWhen selecting a remittance service, consider the following factors to ensure you're getting the best value: Exchange rates: This is a critical factor. Compare the exchange rates offered by different providers to see who gives you the most Pakistani rupees for your USD. Look for mid-market rate alignment, and check for hidden markups. Fees and commissions: Remittance services charge a fee, which can vary significantly. Look for transparent percentage-based fee structures and keep a check on the providers’ maximum and minimum limits. Transfer speed: Some services offer instant transfers, some provide same-day deliveries, while others may take several business days. Convenience: Consider the ease of use, accessibility, and payment options offered by the remittance service. Notice if the provider has a user-friendly website or mobile app, or whether you can make the payment using a credit card or bank transfers. Security features: Ensure the remittance service is reputable and has strong security measures and encryption methods in place to protect your money.How Can You Maximize Your Remittance?Monitor rate fluctuations: Keep a close watch on the USD to Pakistani rupee exchange rate to enjoy the benefit of sending money when the rate is favorable. You can do this by setting up rate alerts and staying updated with the latest economic and political news developments. Timing strategies: Sending money during peak hours or holidays may result in higher fees or slower transfers, so timing your transfer when the rate is favorable can increase the amount received. Consider transfer limits: Be aware of any transfer limits imposed by the service and plan. You can also consider batch transfers. Check for promotions: Many remittance services offer promotions or discounts, especially for new users or large transfers. Navigating the complexities of USD to Pakistani rupee exchange rates and remittance options requires diligence and informed decision-making. By understanding exchange rate trends, selecting the right remittance service, avoiding common pitfalls, and staying aware of fees and regulations, you can maximize the value of your transfers to Pakistan. To simplify this process, consider using tools like CompareRemit's exchange-rate calculator, which can help you make informed decisions based on real-time data and comprehensive service evaluations.Frequently Asked Questions (FAQs)Q: How often do USD to PKR exchange rates change?The USD to Pakistani rupee exchange rate fluctuates continuously due to global market dynamics, economic indicators, geopolitical events, and central bank policies.Q: Are there limits on the amount you can send to Pakistan?Yes, transfer limits vary by provider and are subject to regulatory guidelines in both the sending and receiving countries.Q: How can you find the best USD to PKR exchange rate?Compare exchange rates from different remittance providers, including banks, money transfer operators, and online platforms, to find the most favorable rate. CompareRemit is a great tool to help you with this.Q: Is it safe to send money online to Pakistan?Reputable remittance services employ robust security measures, including encryption and regulatory compliance, to protect transactions. Before proceeding, ensure the provider is licensed and has positive user reviews.Q: How long does it typically take for funds to reach Pakistan?Transfer times vary depending on the service you use. Some online platforms offer near-instant transfers, while others may take several business days.Q: Can you track your money transfer?Yes, most modern transfer services provide detailed tracking information and status updates throughout the transfer process.

Celebrate India’s Independence Day by Sending Money Home

Independence Day is a time of pride and joy, and what better way to celebrate than by sending a special gift to your loved ones back home in India? As you join in the festivities from abroad, it’s the perfect moment to show your support and love by transferring money to family and friends. In this guide, we’ll walk you through how to find the best money transfer services for sending money to India and how CompareRemit can help you make the most informed decision. How to Send Money Home for Independence DaySending money home to India can be straightforward, but choosing the right service involves more than just finding the best exchange rate. Whether you’re looking to send money from the US to India or vice versa, it’s crucial to consider various factors to ensure you get the best deal. CompareRemit is here to help you navigate through the options available, so you can celebrate Independence Day with peace of mind. Finding the Best Money Transfer ServiceWhen it comes to transferring money, several factors come into play, including exchange rates, transfer fees, speed, and convenience. Let’s explore these elements in detail:Exchange Rates: While the USD to INR exchange rate is important, it's not the only factor to consider. Some services may offer a slightly lower rate but make up for it in other areas. However, it's still crucial to find a competitive rate. Use CompareRemit to easily compare USD to INR exchange rates from various providers.Transfer Fees: Some companies charge high fees that can eat into your transfer amount. Others, like ICICI Money2India, offer no transfer fees for large amounts. Always check the fees before deciding.Transfer Speed: If you need money to reach India quickly, consider services that prioritize speed. Services like Remitly emphasize quick transfers, ensuring that your money reaches India swiftly. This can be especially important if you need to send money urgently.Convenience: Consider how easy it is to use each service, especially if you plan to send money regularly. Convenience can make a big difference. New players like Unplex are making transfers more convenient by allowing you to send money through WhatsApp. Promotions and Special Offers: Keep an eye out for special deals. For instance, SBIC is offering an Independence Day promotion with a 20 paisa better rate until August 18th. These promotions can provide significant savings.CompareRemit: Your Go-To Tool for Comparing Transfer ServicesWhether you choose to send money via a bank transfer or an online service, CompareRemit’s Compare Tool allows you to compare top banks and money transfer companies quickly and efficiently. You can compare rates, transfer times, fees, and more to find the best option for your needs. This process only takes minutes, ensuring that you make a well-informed choice and get the most value for your money.Celebrate Independence Day by Sending Money HomeThis Independence Day, make your loved ones feel special by sending them a thoughtful gift. By using CompareRemit to find the best money transfer service, you can ensure that your money reaches home quickly and affordably. Celebrate the spirit of freedom and connection by choosing the right service to send money to India, and enjoy the peace of mind that comes with knowing you made the best choice!