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Paysend
Rate 19.8223 · Fee free
You send
€1,000
Recipient gets
MX$19,822
MX$24 more than the most expensive provider · 0.68% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Germany to Mexico in July 2026 is Paysend, which delivers 19,822.33 MXN on a 1,000 EUR transfer with a fee of zero. According to SendMoneyCompare's comparison of 26 providers updated every 6 hours, the difference between the cheapest and most expensive provider on this corridor is 24 MXN.
Last reviewed: by Awais Imran, Reviews Editor
Sending €1,000 from Germany to Mexico. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
19.8223
Free
MX$19,822.33
19.9561
€7.52
MX$19,805.98
19.8363
€1.99
MX$19,796.83
19.7904
Free
MX$19,790.40
19.7884
Free
MX$19,788.40
19.8203
€1.99
MX$19,780.90
19.7066
€0.99
MX$19,687.07
19.7305
€3.00
MX$19,671.33
19.6687
€2.99
MX$19,609.85
19.8183
€11.50
MX$19,590.43
19.9481
€20.00
MX$19,549.11
19.5230
€2.99
MX$19,464.59
19.4611
Free
MX$19,461.09
19.4970
€5.99
MX$19,380.23
19.3354
€15.00
MX$19,045.33
19.0200
€3.99
MX$18,944.13
19.6287
€36.55
MX$18,911.31
Potential savings: Choosing the best provider over the most expensive saves your recipient MX$23.95 on a €1,000 transfer.
Looking for cheap money transfers from Germany to Mexico? We compare exchange rates, fees, and delivery times from every major provider to help you save on every transfer.
German expats and immigrants regularly send money to Mexico. The cost difference between providers can be significant — banks typically charge 3–5% in hidden exchange rate markups, while specialist services like Wise, Remitly, and WorldRemit offer rates much closer to the mid-market rate. Our comparison shows the total MXN received from each provider after all fees and markups.

Exchange rate
19.8223
Fee
Free
Recipient gets
MX$19,822.33
Speed
2 days
For a tech-comfortable sender, stablecoin rails can beat every bank and app. These aren't one-tap services — each is a fiat on-ramp → blockchain → local cash-out. Here's the all-in cost and how each works.
Bitso
Kraken → XRP Ledger (XRP) → Bitso (XRP) · ~3 seconds
19,931 MXN
0.22% all-in
Also routable via XRP Ledger (XRP), Tron (USDT), Stellar (USDC), Solana (USDC).
Source: CCXT (bitso)
Binance P2P
Kraken → Tron (USDT) → Binance P2P (MXN) · ~3 seconds
19,875 MXN
0.50% all-in
Also routable via Tron (USDT), Solana (USDC), Polygon (USDC), Arbitrum (USDC).
Source: Binance P2P API
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, refreshed every 6 hours. Not financial advice.
How to cash out in Mexico →Different providers excel at different things. Here's who's best for each use case on the Germany to Mexico route.
Cheapest transfer
Paysend
Delivers the most MXN for your money
Fastest transfer
Sendwave
Delivers in Instant
Cash pickup
Remitly
Widest cash pickup network
Bank transfer
Paysend
Best rate for bank deposit to Mexico
Sending money to Mexicois straightforward with the right provider. Here's how it works in 3 simple steps.
Choose how much EUR you want to send, compare providers above, and pick the one offering the best MXN amount for your transfer to Mexico.
Enter your recipient's details in Mexico — you'll need their clabe number. Most providers verify details instantly.
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — spei bank transfer typically takes minutes.
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full legal name as registered with their bank
CLABE number
18-digit Clave Bancaria Estandarizada — Mexico's standardized bank account number for interbank transfers
Example: 032180000118359719
Bank name
Name of the receiving bank (e.g. BBVA, Banorte, Santander, Banamex)
Debit card number
Optional16-digit debit card number (alternative to CLABE for some providers)
Note: Mexico uses CLABE (Clave Bancaria Estandarizada) instead of IBAN. Every Mexican bank account has an 18-digit CLABE number used for domestic and international transfers via SPEI. Your recipient can find their CLABE on their bank statement or mobile banking app.
See how much your recipient would get for common transfer amounts.
Wise
19.96 · 18 min
Monese
19.95 · 1-3 business days
Paysend
19.82 · 2 days
TapTap Send
19.79 · Under 3 minutes (95% of transfers)
Skrill
19.79 · 0-0.2 days
Revolut
19.82 · 0-1 days
Paysend
19.82 · 2 days
Wise
19.96 · 18 min
Sendwave
19.84 · Instant
TapTap Send
19.79 · Under 3 minutes (95% of transfers)
Skrill
19.79 · 0-0.2 days
Remitly
19.82 · Minutes to 3-5 days
Wise
19.96 · 18 min
Monese
19.95 · 1-3 business days
Sendwave
19.84 · Instant
Paysend
19.82 · 2 days
Remitly
19.82 · Minutes to 3-5 days
Revolut
19.82 · 0-1 days
Transfer fees from Germany to Mexico vary by provider. Specialist services charge €0–10 per transfer, while banks charge €25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total MXN your recipient receives, not just the advertised fee.
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically €0–€10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (19.9580).
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's instant payment network and the gold standard for receiving money. If your recipient has a bank account, SPEI delivery is almost always the fastest and cheapest option.
Speed: Minutes to hours
Fast and convenient — small card processing fee applies
Speed: Minutes to hours
Fastest option but highest fees — card issuer may charge cash advance fee
Speed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
Speed: Minutes to hours
Convenient mobile payment — linked card fees apply
Speed: Minutes to hours
Convenient mobile payment — linked card fees apply
Speed: Varies
Pay cash at an agent location — available at select providers
Your recipient in Mexico can receive money through these delivery methods. The best option depends on their location and preferences.
Mexico's real-time interbank payment system delivers to any Mexican bank account almost instantly. The fastest and usually cheapest option.
Recipient collects cash at any of 20,000+ OXXO convenience stores across Mexico — open long hours, located on virtually every block in Mexican cities.
Collect cash at Elektra stores, bank branches, and other partner locations.
Direct deposit to a Mexican debit card. Some providers support Visa/Mastercard debit cards issued by Mexican banks.
Cash delivered to the recipient's address in select Mexican cities.
Important rules and requirements to know before sending money to Mexico.
Regulatory body
Comisión Nacional Bancaria y de Valores (CNBV) / Banco de México
Inbound transfer limits
No restriction on incoming remittances — Mexico is the world's second-largest remittance recipient
Documentation you may need
Most transfers from Germany to Mexico arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Mexico for a small premium.
These are the most commonly used banks for receiving international transfers in Mexico.
BBVA México
BCMRMXMMXXX
Banorte
MENOMXMTXXX
Santander México
BMSXMXMMXXX
Citibanamex
ABORINMXXXX
HSBC México
BIMEMXMMXXX
Scotiabank México
MBCOMXMMXXX
Daily best exchange rates from top providers over the last 98 days. Rates shown are for sending $100.
| Date | Xoom (PayPal) | Wise | __mid Market__ | Monese | MoneyGram |
|---|---|---|---|---|---|
| Trend | |||||
| Jul 4 | 19.5222 | 19.9563✓ | 19.4967 | 19.9479 | 19.4967 |
| Jul 3 | 19.5222 | 19.9563✓ | 19.4967 | 19.9479 | 19.4967 |
| Jul 2 | 19.5104 | 19.9726✓ | 19.5112 | 19.9661 | 19.5112 |
| Jul 1 | 19.5118 | 19.9753✓ | 19.6008 | 19.9705 | 19.6008 |
| Jun 30 | 19.4991 | 19.9497✓ | 19.5590 | 19.9367 | 19.5590 |
| Jun 29 | 19.4727 | 19.9354✓ | 19.5577 | 19.8918 | 19.5577 |
| Jun 28 | 19.4727 | 19.9354✓ | 19.5577 | 19.8918 | 19.5577 |
| Jun 27 | 19.4727 | 19.9354✓ | 19.6070 | 19.8918 | 19.6070 |
| Jun 26 | 19.4372 | 19.9007✓ | 19.5711 | 19.8883 | 19.5711 |
| Jun 25 | 19.4830 | 20.0079✓ | 19.4680 | 19.9923 | 19.4680 |
| Jun 24 | 19.5269 | 19.9668✓ | 19.4199 | 19.9605 | 19.4199 |
| Jun 23 | 19.4007 | 19.8498✓ | 19.4644 | 19.8361 | 19.4644 |
| Jun 22 | 19.4267 | 19.8759✓ | 19.4673 | 19.8624 | 19.4673 |
| Jun 21 | 19.4300 | 19.8792✓ | 19.4861 | 19.8484 | 19.4861 |
| Jun 20 | 19.4300 | 19.8792✓ | 19.4861 | 19.8484 | 19.4861 |
| Jun 19 | 19.4343 | 19.8916 | 19.3041 | 19.8930✓ | 19.3041 |
| Jun 18 | 19.4420 | 19.8957✓ | 19.4981 | 19.8780 | 19.4981 |
| Jun 17 | 19.4576 | 19.9204✓ | 19.5109 | 19.9165 | 19.5109 |
| Jun 16 | 19.4576 | 19.9204✓ | 19.5109 | 19.9165 | 19.5109 |
| Jun 15 | 19.4576 | 19.9204✓ | 19.5109 | 19.9165 | 19.5109 |
| Jun 14 | 19.4664 | 19.9204✓ | 19.5531 | 19.9021 | 19.5531 |
| Jun 13 | 19.4664 | 19.9204✓ | 19.5531 | 19.9021 | 19.5531 |
| Jun 12 | 19.4664 | 19.9204✓ | 19.5531 | 19.9021 | 19.5531 |
| Jun 11 | 19.6799 | 20.1338✓ | 19.7576 | 20.1142 | 19.7576 |
| Jun 10 | 19.6799 | 20.1338✓ | 19.7576 | 20.1142 | 19.7576 |
| Jun 9 | 19.6693 | 20.1395✓ | 19.5922 | 20.1318 | 19.5922 |
| Jun 8 | 19.6639 | 20.1055 | 19.7455 | 20.1129✓ | 19.7455 |
| Jun 7 | 19.6707 | 20.1410✓ | 19.7653 | 20.1005 | 19.7653 |
| Jun 6 | 19.6707 | 20.1410✓ | 20.0200 | 20.1005 | 19.7258 |
| Jun 5 | 19.6484 | 20.0712✓ | 19.6479 | 20.0641 | 19.6479 |
| Jun 4 | 19.6485 | 20.1135✓ | 19.6908 | 20.0991 | 19.6908 |
| Jun 3 | 19.6604 | 20.1047✓ | 19.7171 | 20.0944 | 19.7171 |
| Jun 2 | 19.7405 | 20.1919✓ | 19.7924 | 20.1863 | 19.7924 |
| Jun 1 | 19.7674 | 20.2149✓ | 19.7510 | 20.2119 | 19.7510 |
| May 31 | 19.7815 | 20.2353✓ | 19.7727 | 20.2077 | 19.7727 |
| May 30 | 19.7815 | 20.2353✓ | 19.8472 | 20.2077 | 19.8472 |
| May 29 | 19.7220 | 20.1788✓ | 19.6715 | 20.1743 | 19.6715 |
| May 28 | 19.7454 | 20.1985✓ | 19.7771 | 20.1890 | 19.7771 |
| May 27 | 19.6698 | 20.1231✓ | 19.7000 | 20.1122 | 19.7000 |
| May 26 | 19.6624 | 20.1186✓ | 19.7735 | 20.1184 | 19.7735 |
| May 25 | 19.6404 | 20.0959✓ | 19.6653 | 20.0829 | 19.6653 |
| May 24 | 19.6603 | 20.1063✓ | 19.6791 | 20.0783 | 19.6791 |
| May 23 | 19.6603 | 20.1063✓ | 19.7181 | 20.0783 | 19.7181 |
| May 22 | 19.6798 | 20.1006✓ | 19.7779 | 20.0965 | 19.7779 |
| May 21 | 19.6849 | 20.1303✓ | 19.6733 | 20.1209 | 19.6733 |
| May 20 | 19.7505 | 20.2093 | 19.7240 | 20.2173✓ | 19.7240 |
| May 19 | 19.6795 | 20.1342✓ | 19.7581 | 20.1263 | 19.7581 |
| May 18 | 19.7006 | 20.1551✓ | 19.7790 | 20.1440 | 19.7790 |
| May 17 | 19.6994 | 20.1479✓ | 19.7727 | 20.1215 | 19.7727 |
| May 16 | 19.6994 | 20.1479✓ | 19.5447 | 20.1215 | 19.5447 |
| May 15 | 19.6664 | 20.1291 | 19.7765 | 20.1305✓ | 19.7765 |
| May 14 | 19.6849 | 20.1456 | 19.8452 | 20.1528✓ | 19.7942 |
| May 13 | 17.4315 | 20.2127✓ | 20.1020 | 20.2055 | 19.7766 |
| May 12 | 17.4490 | 20.2511✓ | 19.8508 | 20.2453 | 19.8508 |
| May 11 | 17.4451 | 20.2501✓ | 19.9849 | 20.2471 | 19.8536 |
| May 10 | 17.4038 | 20.2481✓ | 19.8156 | 20.2175 | 19.8156 |
| May 9 | 17.4038 | 20.2481✓ | 19.9510 | 20.2175 | 19.8156 |
| May 8 | 17.5011 | 20.2768✓ | 19.3402 | 20.2696 | 19.9530 |
| May 7 | 17.4681 | 20.2655✓ | 19.9679 | 20.2598 | 20.0692 |
| May 6 | 17.5243 | 20.3002✓ | 20.0044 | 20.2917 | 19.9169 |
| May 5 | 17.7499 | 20.4769✓ | 20.4769✓ | — | — |
| May 4 | 17.6594 | 20.4518✓ | 20.4518✓ | — | — |
| May 3 | 17.6754 | 20.4625✓ | 19.5398 | 20.4240 | 20.0384 |
| May 2 | 17.6754 | 20.4625✓ | 20.2877 | 20.4240 | 20.1342 |
| May 1 | 17.6914 | 20.4838✓ | 20.3839 | 20.4785 | 19.9520 |
| Apr 30 | 17.7922 | 20.4747✓ | 17.7922 | 20.4722 | 20.0968 |
| Apr 29 | 17.6174 | 20.3703✓ | 20.3664 | 20.3664 | 19.8894 |
| Apr 28 | 17.6037 | 20.3687✓ | 19.9968 | 20.3661 | 19.9968 |
| Apr 27 | 17.5989 | 20.3686✓ | 20.0477 | 20.3489 | 19.9114 |
| Apr 26 | 17.6006 | 20.3808✓ | 20.0627 | 20.3451 | 19.9263 |
| Apr 25 | 17.6006 | 20.3808✓ | 20.0857 | 20.3451 | 19.8898 |
| Apr 24 | 17.6525 | 20.3588 | 19.4081 | 20.3622✓ | 19.9295 |
| Apr 23 | 17.5797 | 20.3063✓ | 20.1959 | 20.3038 | 19.9058 |
| Apr 22 | 17.5330 | 20.3413✓ | 20.0854 | 20.3266 | 19.9592 |
| Apr 21 | 17.5169 | 20.3864✓ | 20.2863 | 20.3787 | 19.7422 |
| Apr 20 | 17.5590 | 20.3866✓ | 20.1338 | 20.3672 | 19.8316 |
| Apr 19 | 17.5269 | 20.3685✓ | 20.1161 | 20.3537 | 19.8141 |
| Apr 18 | 17.5269 | 20.3685✓ | 20.0816 | 20.3537 | 20.0037 |
| Apr 17 | 17.4633 | 20.3146✓ | 20.0190 | 20.3075 | 19.8154 |
| Apr 16 | 17.4601 | 20.3461✓ | 17.4601 | 20.3415 | 19.8473 |
| Apr 15 | 17.4812 | 20.3517✓ | 20.0724 | 20.3393 | 20.0724 |
| Apr 14 | 17.5212 | 20.3590✓ | 20.1036 | 20.3503 | 19.8923 |
| Apr 13 | 17.6188 | 20.3473✓ | 19.9392 | 20.3309 | 19.9392 |
| Apr 12 | 17.5220 | 20.2872✓ | 20.0332 | 20.2626 | 19.8836 |
| Apr 11 | 17.5220 | 20.2872✓ | 19.9422 | 20.2626 | 19.9514 |
| Apr 10 | 17.6003 | 20.3064✓ | 19.3583 | 20.2985 | 19.8113 |
| Apr 9 | 17.6860 | 20.3514 | 20.0995 | 20.3527✓ | 20.2464 |
| Apr 8 | 17.7647 | 20.4856✓ | 19.5590 | 20.4834 | 20.1307 |
| Apr 7 | 18.0069 | 20.5066✓ | 20.2520 | 20.5016 | 20.1498 |
| Apr 6 | 18.0657 | 20.5420✓ | 20.1807 | 20.5204 | 20.1807 |
| Apr 5 | 18.1205 | 20.5939✓ | 18.1205 | 20.5474 | 20.1774 |
| Apr 4 | 18.1205 | 20.5939✓ | 19.6498 | 20.5474 | 20.1774 |
| Apr 3 | 18.0856 | 20.5831 | 20.3386 | 20.5862✓ | 20.1169 |
| Apr 2 | 18.0639 | 20.6014✓ | 20.1264 | 20.5883 | 20.1264 |
| Apr 1 | 18.1349 | 20.6772✓ | 20.4725 | 20.6718 | 20.3978 |
| Mar 31 | 18.3438 | 20.7173✓ | 20.4532 | 20.7130 | 20.2888 |
| Mar 30 | 18.3210 | 20.7687✓ | 19.7328 | 20.7636 | 20.3073 |
| Mar 29 | 20.4104 | 20.8373 | 20.5780 | 20.8795✓ | 20.3397 |
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
Most specialist providers deliver to Mexico within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much MXN your recipient would receive from a €1,000 transfer today.
Yes, all the providers we compare support online transfers from Germany to Mexico. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Money transfer services are almost always cheaper. Banks typically charge €25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge €0–10 with markups under 1%, saving you significantly on every transfer to Mexico.
Everything about sending money to Mexico
Recipient requirements, delivery methods, regulations, popular banks, and more.
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