SendMoneyCompare — International Money Transfer Comparison

Name: SWIFT/BIC Codes for Banks in Mexico
Creator: SendMoneyCompare
License: https://creativecommons.org/licenses/by-nc-sa/4.0/

Akif Hazarvi

SWIFT codes in Mexico

MX · MXN

Find the correct SWIFT/BIC code for banks in Mexico. Use these codes when sending or receiving international wire transfers. A SWIFT code ensures your payment is routed to the correct bank and branch.

Banks

26

SWIFT codes

1

Branches

5

Currency

MXN

Banks and SWIFT codes in Mexico

B
BANCO NACIONAL DE MEXICO S.A.

SWIFT/BIC	City	Branch	Address
`BNMXMXMMMTY`	MONTERREY	MTY	—
`BNMXMXMMMTI`	CIUDAD DE MEXICO	MTI	—
`BNMXMXMMPUE`	PUEBLA	PUE	—
`BNMXMXMMPYM`	CIUDAD DE MEXICO	PYM	—
`BNMXMXMMGUA`	GUADALAJARA	GUA	—

Frequently asked questions

What is a SWIFT code for Mexico?

A SWIFT code (BIC) for Mexico is an 8 or 11-character code identifying a Mexican bank for international wire transfers. The country code portion is MX. For example, BCMRMXMM is the SWIFT code for Banorte (Banco Mercantil del Norte). The structure is: 4 characters for the bank, 2 for country (MX), 2 for the city, and optionally 3 for the branch.

What is a CLABE number and do I need it alongside the SWIFT code?

CLABE (Clave Bancaria Estandarizada) is an 18-digit account identifier used in Mexico's SPEI domestic payment system. For international SWIFT transfers to Mexico, both the SWIFT code and the recipient's CLABE number are required. The SWIFT code routes the payment to the correct bank, while the CLABE ensures it reaches the specific account. A standard account number alone is not accepted — always ask the recipient for their 18-digit CLABE.

What are the SWIFT codes for major Mexican banks?

Key Mexican bank SWIFT codes include: BBVA México — BCMXMXMM, Banorte — BCMRMXMM, Santander México — BMSXMXMM, Citibanamex — BNMXMXMM, HSBC México — BIMEMXMM, and Scotiabank México — MBCOMXMM. Always verify the exact code with the recipient's bank before sending.

How long does a SWIFT transfer to Mexico take?

SWIFT transfers to Mexico typically arrive within one to three business days. Transfers from the United States — the largest corridor — often settle within one business day. The SPEI system processes funds in real time domestically once the international transfer has cleared the receiving bank's compliance. Some dedicated US-to-Mexico providers offer same-day delivery to bank accounts.

Can I receive USD in a Mexican bank account?

Yes. Many Mexican banks offer dollar-denominated accounts (cuentas en dólares) that can receive international USD transfers without mandatory conversion to MXN. If the recipient has a standard MXN account, the bank will convert the incoming USD to pesos at their published exchange rate on the settlement date, which typically includes a margin over the mid-market rate.

What is the SPEI system and is it the same as SWIFT?

SPEI (Sistema de Pagos Electrónicos Interbancarios) is Mexico's domestic real-time interbank payment system, operated by Banco de México. It handles MXN transfers between Mexican banks using CLABE numbers. SPEI is entirely separate from SWIFT — it cannot receive international payments. SWIFT is for cross-border transfers. After an international transfer arrives via SWIFT, the funds are settled internally through SPEI using the CLABE.

Are there Banxico regulations I should know about when receiving international transfers?

Banco de México (Banxico) regulates foreign exchange. Mexico has relatively open foreign exchange policies with no mandatory conversion requirements for individuals. However, banks must report inbound transfers above USD 10,000 to Mexico's financial intelligence unit (UIF) as part of anti-money-laundering regulations. Large business transfers may require documentation of purpose. Personal remittances are generally processed without restrictions.

Are there fees for receiving a SWIFT wire transfer in Mexico?

Mexican banks typically charge an inbound wire fee, often MXN 200–500 or a percentage of the transfer, depending on the bank. The foreign currency conversion spread is an additional implicit cost. For transfers from the United States, many dedicated remittance providers offer zero-fee or low-fee direct-to-account delivery that is significantly cheaper than a traditional bank wire.

How SWIFT works in Mexico

Banco de México (Banxico) regulates international payments, and Mexico uses a unique domestic account identifier called CLABE (Clave Bancaria Estandarizada), an 18-digit number that encodes the bank, city, and account. For international inbound transfers, the sender needs the SWIFT/BIC code of the recipient's bank as well as the CLABE number. Domestic transfers operate through the SPEI (Sistema de Pagos Electrónicos Interbancarios) real-time settlement system.

Mexico's largest banks — BBVA México, Banorte, Santander México, and Citibanamex — each have SWIFT codes that route inbound wires to their international operations centres. Always provide the 18-digit CLABE alongside the SWIFT code, as the CLABE is required by Mexican banks to credit the correct account. A standard account number alone is insufficient.
Mexican banks are required to comply with Mexico's anti-money-laundering regulations and may request documentation for large inbound transfers. Transfers from the United States are particularly common, and many US-to-Mexico corridors now offer bank-account deposit services that bypass traditional SWIFT routing for lower fees and faster settlement.
The Mexican peso (MXN) is freely traded, and inbound USD transfers are typically converted to MXN at the bank's exchange rate on the day of credit. Some Mexican banks offer the option to receive and hold USD in a dollar-denominated account (cuenta en dólares), which can be useful for businesses that regularly transact in USD.