Thanks to the enormous number of Mexican immigrants residing in the United States, both countries have been responsible for deepening policies and programs that improve the conditions of these immigrants.
As part of this, there are some U.S. banking and financial institutions that promoted the development of products and services aimed at the Mexican population and to its citizens who reside in the United States.
Which banks have direct agreements with Mexico in the United States?
According to data from the National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF), most transfers from the U.S. to Mexico are made through banking services and the internet.
In that context, many banking institutions forged paths to strengthen ties with Mexico, opening branches or implementing different payment, collection and money transfer services between the United States and Mexico.
Some banks that have direct agreements between the two countries are:
Bank of America
Its representative office in Mexico opened in 1951, although relations between Bank of America and Mexico began much earlier with the financial aid it provided to the country in different productive sectors.
Citibank
Citibank is a bank that has customers in more than 160 countries. In Mexico, its division is Citibanamex, which has 1,250 branches across the country.
Wells Fargo
The Wells Fargo bank has its line called Wells Fargo ExpressSend Service, with which you can send money from the U.S. to several financial institutions in Mexico. Some only allow you to withdraw cash, so you should research very well before carrying out the operation.
To be able to operate with these banks, the person must have a savings or checking account in the United States.
Use Félix Pago
Banking procedures often require time and dedication, even showing up at the branch to manage different operations. In addition, international bank transfers often have high fees.
This is why Félix Pago developed a very simple remittance system with low commission costs. With Félix, the workers they can send money from the United States to Mexico in a few simple steps.
To use Felix's services, the user only requires an account from WhatsApp, which saves time and allows you to operate from the comfort of your home.
Transfers or deposits can be sent to another bank account or to a store to be withdrawn in cash. The procedure is carried out in a few minutes and is immediately reflected in the bank account. If you are sending in cash, the transfer can take up to 30 minutes.
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