If you find yourself in a quandary because you are in another country and you need to send money to your hometown, in this instance sending money to Canada from Mexico, and you don’t know how to do so.
You need not worry cause there are now ways you can send money without too much fuss.
There are now safe ways besides using a bank for money transfer.
Send Money to Canada from Mexico
First Transfer Free!
- Wise is a very good provider for overseas transfers. The transfers are easy, convenient and secure. The most important thing is that the transfers are also much cheaper than with the bank.
Send money very fast!
- Save up to 90% compared to banks. No hidden costs. Large selection of countries.
First Transfer Free!
- Azimo is a very competent partner for the international transfer. Azimo has a large selection of countries and the transfers are safe and cheap.
How long does it take to transfer money from Mexico to Canada?
The longest that your recipient will have to wait can be up to 5 days, and the shortest is within a day. It is not an assurance that if you pay more for the transfer fees, you will also get the money across fastest since there are also money transfer providers that can send your money in a day with lesser fees.
The expenses differ between banks and money transfer agencies. Some banks charge more, while other money transfers even have a free transfer fee at some point. This will depend if they have a promotion, sometimes they also have some discount that makes the transfer fee lesser.
Money transfer from Mexico to Canada may be more expensive if you don’t know which company to use for your money transfer needs. Some banks may charge you more and may even have a lower exchange rate, which is not beneficial to you cause it only means lesser money to send to your recipient abroad.
Send money from Mexico to Canada with the bank
If you are in Mexico for business and you need to send money to Canada, you may have a bank account already set up, which can make transferring money simple. You can use the big banks that are present in Mexico as you are sure that they can also give you a fair exchange rate, but you have to note about their charges for money transfer as some may be expensive.
You can do a wire transfer as well if you wish. Always check the upfront fee and the exchange rate before you sign up for anything. Compare the mid-market rate and the exchange rate that the bank is offering.
Some banks will also apply an admin fee, which will add up the fees you have to pay. Be aware that some receiving bank may also apply a receiver’s fee, so you should be knowledgeable about this.
Transfer money from Mexico to Canada with a money transfer provider
Other traditional money transfer providers can help you with sending your money to Canada. They have a wide range of offices all over the world, so sending your money from Mexico to Canada will be a breeze. They are also trustworthy, and you can be sure that your recipient will get their money. There are ways that you can send your money, and one is via online transfer.
There is also an option for your recipient on how they want to receive the money. If they have a bank account, they can get their money deposited to their account, if not, they can have the money picked up at any branch of the money transfer company.
Before you send your money using any money transfer company, it is best to check and research online, so you can compare the overall costs and if there are potential extra fees that you need to cover. You will also have the information that you need to let your recipient know about the amount that is expected. It will not surprise you at the end of the transaction cause you know the fees, and you have the amount that you will send.
Research is a big help when you have a little idea about the money transfer transaction. When you need to send money for an emergency, it is best that you have some knowledge and you know what your options are.
You will not be caught off guard when you go to a bank just to be shocked by the fees and charges, and that is the same with going to any money transfer company.