How to send money to Mexico from Australia

Yvonne Taylor avatar
Written by   |  
David Boyd avatar
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Updated 10 Aug 2023
Send Money AUD to MXN (Mexico)

Are you looking for the best way to send money from Australia to a family member, friend or business in Mexico?

Recipients will get more pesos for the same amount of dollars if you send money to Mexico from Australia using an online international money transfer service because of their competitive exchange rates and lower fees.

Need to transfer money to Mexico from Australia?

Best ways to send money to Mexico

Remitly

On website

Remitly

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.

Pros

  • Low transaction fees.
  • Plenty of delivery options.
  • Wide global network, covering 50+ currencies and countries.
  • Highly rated customer support.

Cons

  • Fees apply when you fund your account using a credit card.
  • Transfer limits apply.
Wise Money Transfer

On website

Highlights

  • Wise Borderless multi-currency receiving accounts. This gives you access to a digital currency wallet that you can hold and transact in over 50 currencies.
  • Borderless Debit Card. The FX optimised debit card is attached to your Wise Borderless account that can be used to withdraw or pay for purchases in foreign currency within or outside Australia.
  • Android and Apple Apps. Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Fund options. Loads of options to fund your Wise account including transfer from Debit and credit cards, or thru a local bank transfer. Quick and easy!

Pros

  • Low and competitive fees.
  • Easy to understand fee structure.
  • Easy to use website and mobile apps.
  • High transfer limit.

Cons

  • Limited currencies and destination countries compared with some competitors.
  • Can only send funds to the recipient's bank account.
Send

On website

Send

Highlights

  • 4.9 star rating on Trust Pilot
  • Competitive Exchange Rates for Both Small and Large Transfers - Up To x5 Cheaper Than Banks
  • Personal Account Manager - Large Transfers Specialists
  • Australian Company, Australian Headquarters, and a Highly Professional Australian Team

Pros

  • No transfer transaction fee and no account-keeping fees.
  • Competitive foreign exchange margin compared to banks.
  • Wide range of currencies and destination countries.
  • Suitable for businesses as well as individuals.

Cons

  • Bank account is the only delivery method.
  • Minimum transfer amount of $250.
  • Limited funding methods.
Instarem

On website

Instarem

Highlights

  • Use the promo code FINTY and get AUD $30 bonus on your first transfer. Terms and Conditions apply.
  • Send money and earn points.
  • Enjoy low fees, and great FX rates. No hidden charges.
  • Transfer money to 55+ countries.

Pros

  • Transfer fees are between 0.25% to 1%.
  • Earn loyalty points.
  • Dedicated customer support.
  • Mobile apps.

Cons

  • There is no cash pick-up option.
OFX Money Transfer

On website

OFX Money Transfer

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in Australia, USA, UK, Canada, New Zealand, Hong Kong and Singapore.

Pros

  • Easy and quick account opening.
  • Wide range of supported currencies and countries.
  • No fees if transferring more than $10,000.
  • Enjoy additional features for business transfers.

Cons

  • Limited payment options.
  • $15 fee if transferring less than $10,000.

Compare more money transfer services before you send money to Mexico.

First time sending?

How to send money to Mexico from Australia

Money transfer services offer a convenient, fast and cheap way to send money to Mexico from Australia. This step-by-step process explains how it works if you haven’t used one before.

  1. Choose which money transfer service you would like to use. On this page you can compare various money transfer services in terms of fees, transfer times and delivery options. Choose the one that best suits your needs and the recipient's needs.
  2. Create an account. You will usually need to provide your name, street address, email address, phone number, and proof of ID.
  3. Configure a transfer. Choose how much money you want to send, how you would like it delivered, and provide the recipient’s details. You’ll see exactly how much money the recipient will receive. This quote may be valid for a limited time since exchange rates fluctuate constantly.
  4. Choose your preferred payment method. You can make a bank transfer, use a debit card or pay in cash, and in some cases you can fund your transfer with a credit card. The funding method you choose will determine how long it takes for the money to reach your recipient, and how much you will pay in transaction fees.
  5. Confirm the details and send the money. Depending on the delivery method, the recipient will receive a notification that the money is available to collect, or it will be deposited into their bank account. You may wish to share the reference number with the recipient since it may be required to collect money.

What are the fees and charges?

Costs for sending money to Mexico from Australia

  • Service fee. The amount a money transfer service charges in transaction fees will vary depending on the amount of money being sent, how it is being delivered, and how the transaction is being funded.
  • Collection fee. A fee charged if you want your recipient to be able to pick up cash.
  • Delivery fee. An additional fee if you choose to have cash delivered to the recipient’s address.
  • Cash advance fee. A fee charged by the credit card issuer when you fund a money transfer with a credit card. Interest charges are applied separately.
  • Exchange rate. When you send money overseas, the exchange rate used by the transfer service can significantly impact how much your recipient will get.

Looking for other options?

Alternative ways to send money to Mexico from Australia

If you want to send money to Mexico, you have several options other than using an online money transfer service.

  • Bank transfer. Convenient but more expensive and generally slower than an online international money transfer service.
  • Crypto. If the recipient can accept crypto, this can be a very cheap and fast option. Sending a stablecoin means the recipient is not exposed to fluctuations in price, as they would if receiving Bitcoin or another token.
  • Money orders. One of the oldest ways to send money, money orders are also one of the slowest. Once the recipient receives the paper money order, they can cash it in.
  • Money transfer agents are located in most large towns and cities. Check that there is one near the recipient so they can collect the funds.
  • Prepaid cards. Transaction limits, such as how much can be loaded and how much can be withdrawn per day, make prepaid cards impractical for large amounts.

Still not sure?

FAQs

How long does it take for money sent from Australia to arrive in Mexico?

The time frame will depend on the method used to send the money. For example, a bank transfer can take a few days, while money sent with a money transfer service can arrive within minutes.

Can I send money to Mexico if the recipient has no bank account?

Yes. You can still send money through a transfer service if the recipient has no bank account. The sender can configure the money transfer so the recipient can collect cash from a specific location, or a courier can deliver the cash. Alternatively, you could use a money order, send crypto, or even send a prepaid card.

Is it safe to send money to Mexico from Australia?

Yes, sending money to Mexico from Australia is safe when you use a reputable company. We only list established money transfer services on Finty.

Can I send a money order to Mexico from Australia?

Yes, purchasing a money order in Australia and sending it to Mexico via postal mail or tracked courier is possible. The recipient can then cash the money order at a bank, credit union, local post office or similar agency.

Can I use my credit card to send money to Mexico from Australia?

Yes. Some online transfer services allow you to fund a money transfer to Mexico with a credit card. However, your credit card issuer may charge a cash advance fee since the transaction will most likely be classified as a cash equivalent. Additionally, the transaction will immediately incur interest at the cash advance rate.

Can I send cryptocurrency to Mexico from Australia?

Yes, cryptocurrencies such as Bitcoin and Ethereum can be sent to Mexico from Australia. The recipient can then choose whether to sell the crypto for cash or use it to transact in stores and with people who accept it.

As seen on

Media - The Sydney Morning Herald
Media - Yahoo Finance
Media - News.com.au
Media - Daily Mail Australia
Media - Australian Fintech
Media - Dynamic Business