Send money to Mexico

Wise, Remitly, and Xe consistently rank as the cheapest for USD-to-MXN transfers. Remitly's Economy option (1–3 business days) is often the absolute cheapest. Ria Money Transfer is also very competitive and offers cash pickup at OXXO convenience stores. For larger amounts, OFX offers preferential rates with no flat fee. Always compare total MXN received — rates vary 1–4% between providers.

Remitly Express, WorldRemit, and Western Union Digital all deliver to SPEI-enabled Mexican accounts within minutes. Even standard bank transfers from specialist providers typically arrive within a few hours. Bank-to-bank SWIFT wires from US commercial banks take 1–3 business days. Cash pickup at OXXO, Bancoppel, or 7-Eleven with Ria or Western Union is available within minutes.

Yes — Ria Money Transfer, WorldRemit, and Western Union allow cash pickup at OXXO stores nationwide. Recipients show their government ID and the MTCN (transfer reference number) to collect cash. OXXO has over 20,000 locations across Mexico, making it one of the most accessible payout networks in the country.

CLABE (Clave Bancaria Estandarizada) is the 18-digit account number used for all electronic transfers within Mexico. It encodes the bank code, city code, and account number with a check digit. You need the recipient's full legal name (as on their IFE/INE) and their 18-digit CLABE — not a card number or regular account number. Most banks show the CLABE in their mobile banking app under account details.

Personal remittances received in Mexico are not subject to income tax. The SAT (Mexican tax authority) does not classify family remittances as taxable income. Transfers above $7,500 USD equivalent may be reported to CNBV for AML purposes, but this is routine and does not trigger tax. Business payments received in Mexico may be taxable as income.

Remitly is widely considered the best app for US-to-Mexico transfers — it offers easy onboarding, competitive rates, and supports bank deposit, OXXO cash pickup, and debit card delivery. Wise is best for rate-conscious senders who want the closest possible rate to mid-market. Ria is popular for cash pickup delivery. All three are available on iOS and Android with track-your-transfer features.