Tips and Tricks for Sending Money to Mexico

Reviewed: September 30, 2014
By FinanceWeb

When it comes to sending money to Mexico, there are a few tips and tricks that you will need to follow.
First of all, be well aware that there are more than a few ways to send money to Mexico. From online transfers to sending a check by mail, your options are wide open, however, some options tend to be a bit safer than others. Also, keep in mind that some transfer options will require you to pay a fee, with some of them being rather large.

Weigh All Options

If you are wanting to send your money to Mexico through a bank, then you’ll need to find one that allows money transfers to take place to the country of Mexico. Make sure to ask about any fees. You will likely need a valid ID to send the money, and you may or may not have to show up in person at the bank to make the transfer (sometimes, you can do it over the phone).

If you don’t want to send money via a bank, then you can possibly send an international money order. Different agencies and entities offer such money orders, including some retail stores (Walmart) and most post offices. You will likely have to pay a fee of somewhere around $5 or more to send an international money order. Always keep your money order receipt until the money order has been cashed in by the party that you intended it to go to.

You can also send money to Mexico via various online and brick and mortar payment transfer companies. One of the more popular companies offering online money transfer options is PayPal. All you need is to sync your PayPal account with the account from which you want to transfer the money and then get the email of the person you want to send the money to. With just a few clicks of the mouse, you can send as much money as you like once your account has been verified. Services such as Western Union and Money Gram are always viable and popular options and you can go in person or do it all online.

Always Use Caution

Always remember to never send money to anyone that you don’t know. There are lots of scams taking place that will ask you to send money for something in return, however, after sending the money, you will never hear from the person who you sent it to. Only send money to Mexico to people that you trust, and as always, make sure that the method of transferring the money comes with some type of insurance.