Sending Money To Mexico with Remitly

Need to send money to friends or family in Mexico? Or perhaps you’re buying goods or paying for a service from a company based there.

Whichever is the case, you’ll need to find the most cost-effective and convenient way to make your international payment.

One option is Remitly, the online money transfer service. But how easy is it to use Remitly to send money to Mexico, and how much does it cost? Remitly isn’t always the cheapest way to transfer money to mexico when it comes to exchange rates and transfer fees.

You could save money by using an alternative such as Wise for receiving payment in different currencies.

Learn more about Wise

Can you send money to Mexico with Remitly?

Yes, Mexico is one of the 145+ countries¹ you can send money to from the UK with Remitly.

What’s more, you can choose how your recipient will collect the money, with available options including bank deposit and cash pickup².

Send money to Mexico using Remitly - step by step

Ready to set up your transfer? Here’s how to go about it³:

1. Head to Remitly.com and create or sign into your account. You may want to download the Remitly mobile app.
2. Click ‘Send money’, or ‘Get Started’ if you’re using the app
3. Enter the amount you’d like to send
4. Choose a delivery method. If it’s a bank deposit, you’ll need to enter your recipient’s bank account details. If it’s cash pickup (if available), you’ll need to choose a pickup location that’s convenient for your recipient.
5. Enter the recipient’s name and phone number
6. Enter your personal details if prompted, including your name, phone number, address and date of birth. You may have already entered these details when signing up for your account.
7. Choose how you’d like to pay for your transfer - bank account, credit or debit card.
8. Review your transfer summary and check the details carefully.
9. Once you’re happy, click ‘Send Money’ and wait for the transfer to process
10. You should see a confirmation screen, and get a confirmation receipt sent to your email address.

Remitly: transfer fees for Mexico

Now we come to the important question - how much does Remitly cost? Let’s take a quick look at Remitly’s rates to Mexico for a standard transfer⁴:

• Economy fee - £1.99
• Express fee - £2.99

Remitly also tends to have offers for new customers. This means that you could end up paying no fee at all if it’s your first transfer.

But alongside the upfront fee, it’s also important to factor in Remitly’s exchange rate for Mexico transfers. This can make a big difference to how much your recipient receives, and how expensive the transfer is overall.

To illustrate this, let’s do a quick hypothetical transfer. Here’s how much it’d cost to send £500 to a friend in Mexico using Remitly, compared to Wise⁵:

Provider	Transfer fee	Exchange rate	Recipient receives
Remitly	£1.99	23.0800	11,494.07 MXN
Wise	£4.54	23.4087 - the mid-market rate	11,598.07 MXN

Exchange rate and fees as of 21-Jan-2023

Open a Wise account today

So as you can see, the exchange rate makes all the difference in this particular transfer.

Remitly: transfer limits to Mexico

Remitly does place some limits on how much money you can send per 24 hour, 30 days and 180 day periods. These limits vary depending on where you’re sending to and from. You should be able to view your current sending limit in your account, or in the app.

The basic limits are⁶:

• £5,000 per 24 hours
• £15,000 per 30 days
• £50,000 per 180 days.

If you want to increase these limits, you’ll need to provide Remitly with additional ID and proof of how you fund your transactions.

Live life with bigger limits, with Wise You can send up to the equivalent of 95,000 USD per transfer. Sign up for a Wise Account

See how much more you could be sending with Wise

Remitly pickup locations in Mexico

Remitly provides the option for cash pickup in Mexico, along with bank deposits.

It offers nationwide coverage across the country, with a large number of pickup locations. Your recipient can find their nearest using the Remitly Mexico cash pickup locator.

How long does it take to send money to Mexico with Remitly?

Remitly’s standard Economy service takes around 3-5 business days⁷.

If you want the money delivered faster, you can pay a little extra for Express. With this service, your payment will be delivered within minutes (if funded by debit card)⁷.

Remember Remitly aren't the only money transfer service in town. Consider using Wise instead. Send money to Mexico with Wise. You’ll only pay one transparent transfer fee, and you’ll get the mid-market exchange rate.

And that’s it - everything you need to know about sending money to Mexico with Remitly. We’ve looked at fees, exchange rates, limits and transfer speeds, so you should be all set.

But before hitting ‘send’ on that payment, make sure to compare all options. Alternatives such as Wise are fast, secure and could even save you money.

Send Money With Wise

Transaction speed claimed depends on individual circumstances and may not be available for all transactions.

Pricing/fees: Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information

Sources used:

1. Remitly UK
2. Remitly - Mexico
3. Remitly Help - How to send a transfer
4. Remitly - Mexico pricing
5. Wise - Send money
6. Remitly - Increase transfer limits
7. Remitly Help - How fast can I send money with Remitly?
8. ."The speed of transaction claims depends on individual circumstances and may not be available for all transactions"

Sources last checked on date: 21-Jan-2023