How to Send Money From Mexico to the US

Sending money across international borders, especially from Mexico to the United States, is a common financial activity. These transfers frequently support family, facilitate personal transactions, or manage other financial obligations. This guide outlines the methods available, the information required from senders, and the processes for recipients to access funds in the U.S.

Methods for Sending Money

Several established methods facilitate the transfer of funds from Mexico to the United States, each offering distinct advantages in speed, cost, and convenience.

Bank wire transfers are a traditional method for sending money internationally, initiated through a bank in Mexico to a U.S. bank account. These transfers are secure for larger sums, though they may involve higher fees compared to other services. Processing times can range from one to five business days, influenced by the banks involved and their daily transaction cutoff times. International wires often pass through intermediary banks, which can extend the delivery timeframe.

Money transfer services, such as Western Union, MoneyGram, Xoom, and Remitly, are widely used due to their extensive networks and varied transfer options. Senders can initiate transfers in person with cash, or through online platforms and mobile applications using bank accounts or debit/credit cards. Many offer rapid transfers, with cash available for pickup in minutes at agent locations in the U.S., or direct deposits to bank accounts, often within the same or next business day. Fees vary based on the amount sent, payment method, and receiving method, with some offering zero fees for specific online transfers or promotions.

Digital wallets and online platforms, including PayPal and Wise, provide another avenue for international money transfers. These platforms often require both the sender and receiver to have accounts, offering convenience and potentially lower fees, especially for transfers directly between platform accounts. For instance, PayPal may charge an international fee of 5% (with a minimum of $0.99 and maximum of $4.99) plus a fixed fee, along with a currency conversion fee of 4%. Wise provides competitive exchange rates and transparent fees, with funds arriving in seconds for many bank transfers. Processing times for digital transfers can range from near-instant to a few business days, depending on the platform and receiving method chosen.

Prepaid debit cards offer a limited, less common method where a card can be loaded with funds in Mexico and used by the recipient in the U.S. While this provides an accessible means for recipients without traditional bank accounts, it involves limitations compared to direct transfer services. Fees and exchange rates for prepaid card services should be reviewed, as they can be less favorable than other direct transfer options.

Information and Requirements for Sending Money

Before initiating any money transfer from Mexico to the U.S., the sender must gather specific information and documentation to ensure a smooth and compliant transaction.

The sender in Mexico must present valid identification. Commonly accepted forms include a Mexican ID card (INE/IFE), a Mexican driver’s license, or a Mexican passport. Some services may also accept a Consular ID. This identification verifies the sender’s identity as part of anti-money laundering (AML) and “Know Your Customer” (KYC) regulations.

Detailed information about the recipient in the U.S. is essential. This includes their full legal name, which must match the name on their government-issued identification. The recipient’s physical address and phone number are also required. For transfers intended for direct deposit into a U.S. bank account, the sender must provide the recipient’s bank name, account number, and the nine-digit ABA routing number. For international wire transfers, a SWIFT/BIC code for the recipient’s bank may be necessary.

When sending money for cash pickup, the sender provides the recipient’s full name as it appears on their ID, and the recipient will use a valid ID to collect the funds. Some services or banks may ask the sender to state the purpose of the transfer, such as family support or a gift, for compliance purposes. For larger amounts, senders might be asked to provide information on the source of funds to comply with financial regulations.

Transaction limits are imposed by service providers and banks, which can vary daily, weekly, or monthly. For instance, Western Union may have a daily limit of $7,499 USD for transfers from Mexico. MoneyGram limits online transfers to $10,000 USD per transaction and within a 30-day period, though limits can vary based on payment and receipt methods. Senders should compare fees and exchange rates across different providers, as the exchange rate offered impacts the final amount the recipient receives.

Receiving Money in the US

Once a money transfer has been initiated from Mexico, the recipient in the United States must understand how to access the funds. The method of receipt and necessary steps vary depending on how the money was sent.

Recipients are notified that funds are available through various channels, such as an SMS message, email, or direct communication from the sender. This notification includes a unique transaction reference number, such as a Money Transfer Control Number (MTCN) for Western Union, which is crucial for pickup.

For cash pickups at an agent location, the recipient must present a valid government-issued photo identification. Acceptable forms of ID include a U.S. driver’s license, state ID card, or passport. The name on the identification must match the name provided by the sender. The recipient must also provide the transaction reference number. In some cases, the recipient might be asked for the sender’s complete name or the country from which the money was sent.

If the money was sent directly to a U.S. bank account, the funds will appear as a direct deposit. Recipients should monitor their bank statements or online banking platforms for confirmation. Processing times for bank deposits can vary, with funds available within one to five business days after the transfer is initiated. Some services may offer next-day availability for deposits to most U.S. banks if the transfer is sent before a specific cutoff time.

For transfers sent via digital wallets or online platforms, recipients access the funds directly through their respective applications or online accounts. The availability of funds in these digital platforms occurs rapidly, within minutes, depending on the service. While less common, some receiving banks or services might levy a small fee for incoming international transfers, so recipients should check with their financial institution about such charges.