Cheapest way to send money to Mexico · quotes checked 2026-10-29
Paying by bank transfer from the US. The cheapest provider changes with the amount, so both $200 and $1,000 are shown. Ranked by what the recipient gets, which is what matters: the fee and the exchange-rate markup together.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Wise | 3,727.82 MXN | 18.8607 MXN/USD |
| Wells Fargo | 3,658.11 MXN (−1.87%) | 18.2906 MXN/USD |
| Western Union | 3,639.39 MXN (−2.37%) | 18.3798 MXN/USD |
| Remitly | 3,614.56 MXN (−3.04%) | 18.2544 MXN/USD |
| Chase | 3,568.14 MXN (−4.28%) | 18.2982 MXN/USD |
| PayPal | 3,486.24 MXN (−6.48%) | 17.8773 MXN/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-29.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Wise | 18,716.04 MXN | 18.8607 MXN/USD |
| Remitly | 18,668.06 MXN (−0.26%) | 18.7053 MXN/USD |
| Western Union | 18,474.37 MXN (−1.29%) | 18.5112 MXN/USD |
| Wells Fargo | 18,290.56 MXN (−2.27%) | 18.2906 MXN/USD |
| Chase | 18,206.67 MXN (−2.72%) | 18.2982 MXN/USD |
| PayPal | 17,788.04 MXN (−4.96%) | 17.8773 MXN/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-29.
Because most of the cost hides in the exchange rate. A provider with a $0 fee and a 3% worse rate costs more than one with a $5 fee at the mid-market rate. "Recipient gets" captures both.
Fixed fees matter on $200 and vanish on $1,000, while rate markups scale with the amount. That is why Wise wins at $200 and Wise at $1,000 here.
No. They are quotes read on 2026-10-29 from the source linked above. Rates move daily; use them to pick a provider, then check the live quote before sending.
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