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If you're sending money from the United States to Mexico, it's important to know the options that will allow you to send the most money for the lowest cost, especially if you transfer dollars frequently.
When sending money, it's not just the rate of the day that matters.
The higher the rate for the day, the more money your beneficiary will receive in Mexico. However, a high exchange rate doesn't necessarily mean greater savings, always keep in mind the commission cost.
Go to evaluate the daily rate on different pages that allow you to make the transfer to compare values, however don't forget to calculate the commission cost.
Compare total costs
Most platforms charge variable fees, meaning the cost of transferring dollars to Mexican pesos increases in proportion to the amount of money sent.
Let's do the exercise of comparing the cost of sending $1,000 USD from the United States to Mexico. In this case, we will only take into account the commission cost, since the exchange rate of the day varies, the information would not be up to date.
If we wanted to send $3,000 in Mexican pesos, these would be the commission costs:
- Western Union: $45 USD
- Wise: $23.91 USD
- Xoom: $76.49 USD
- Felix: $2.99 USD - the cheapest alternative for sending money.
The cost of sending remittances to Mexico is usually a variable commission that increases in proportion to the amount. Felix only charges a fixed fee of $2.99 per transaction.
With Félix you can send money via WhatsApp of up to $3,000 USD per day directly to an account deposit, if you choose cash the limit changes depending on the store you choose.
How to send money to Mexico from the United States with Felix
Sending money with Félix is as easy as sending a message on WhatsApp, simply reply to the messages you receive from Felix and make your payment at the end of the conversation. Here are the steps to follow:
- Register your WhatsApp number in this link
- You will receive a message from Felix to begin your shipment
- Enter the name of the person who will receive the money
- Enter the amount to send
- Choose the way in which you want your beneficiary to receive their money, it can be a direct deposit to their bank account or collected in cash at a store.
- Go to the payment link that Felix sends you and that's it!
The fastest way to send money to Mexico is as close as your cell phone. The best part of shipping through Felix is that it saves your beneficiaries' information, so you only have to enter it once.
Why send money with Felix?
- This is the easiest way to send money to Mexico, you just need to send a message.
- You don't have to download apps or create accounts that require too much information.
- It has the lowest commission cost
- You can pay for the transfer with your credit or debit card.
- Daily shipping limits are high.
- Your beneficiaries' information is saved to accelerate your future transfers.
- You receive personalized attention if you have questions.
- It's completely safe, registered and regulated by FinCEN in the US.
Felix gives you the commission cost on your first shipment, try it!
