Sending money to Mexico and exchanging currency is a key part of expat life. Here are the best ways to send money, the fees and tips for 2026.
Transfer methods
| Method | Pros / cons |
|---|---|
| Wise (ex-TransferWise) | Best rate, low fees — popular with expats |
| Bank SWIFT | Reliable but expensive and slow |
| Remitly, Western Union | Fast for person-to-person transfers |
| ATM withdrawal | Convenient, but watch the fees |
Inside Mexico: SPEI and CLABE
Domestic transfers between Mexican banks go through the SPEI system — instant and nearly free. You need the recipient CLABE number (18 digits).
Cash withdrawals
- Use ATMs of major banks (BBVA, Santander) — safer than street machines.
- Decline conversion to your card currency (DCC) — take pesos for a better rate.
- Cards with no foreign fees (some neobanks) save on withdrawals.
Tips
- For large sums (buying property) use a bank transfer with a notary.
- Opening a local account makes life easier — see our bank account article.
- Keep a backup way to access money.
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