Question 1

What is the best way to send money from USA to Mexico?

Accepted Answer

Today, Xoom delivers the highest amount — MX$17,385 for every $1,000 sent, at a rate of 17.3848 MXN per USD. Compare every provider's true cost (rate plus fee) above before deciding.

Question 2

What is today's USD to MXN exchange rate?

Accepted Answer

The mid-market rate right now is approximately 1 USD = 17.4580 MXN. This is the rate banks use among themselves — providers add a margin on top, which is why the rate you actually get is lower.

Question 3

How much does it cost to send $1,000 to Mexico?

Accepted Answer

Costs vary significantly. The best provider (Xoom) gives you MX$17,385 after fees. The worst (OFX) only gives you MX$16,831. That's a difference of MX$554 on a single $1,000 transfer.

Question 4

How long do transfers take?

Accepted Answer

Speed varies by provider and payment method. Xoom typically completes in minutes. Cash pickup networks like MoneyGram, Western Union and Xoom are usually fastest (minutes). Bank wires and ACH transfers can take 1–3 business days.

Question 5

Are there taxes on sending money to Mexico?

Accepted Answer

In most cases, sending money internationally is not taxable for the sender. However, large transfers (typically over $10,000 USD or equivalent) may require reporting to financial authorities such as FinCEN in the US or HMRC in the UK. The recipient country may have its own rules. Always check with a tax professional for your situation.

Provider	Fee	Rate	Recipient gets	Speed
1 XoomBest value	Free	17.3848	MX$17,385	Minutes	Send
2 Instarem	Free	17.3249	MX$17,325	Same day	Send
3 Wise	USD 12.67	17.4580	MX$17,237	Within hours	Send
4 Remitly	USD 1.99	17.2000	MX$17,166	Minutes	Send
5 Bank of America	Free	17.0218	MX$17,022	1–3 days	Send
6 WorldRemit	USD 1.99	17.0557	MX$17,022	Same day	Send
7 Wells Fargo	Free	16.9102	MX$16,910	1–3 days	Send
8 OFX	USD 5.00	16.9158	MX$16,831	1–2 days	Send

Send Money from USA to Mexico — Best USD/MXN Rates

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