![]() ![]() There is a service fee the company charges for the wire AND there is also a hidden cost depending on the exchange rate the company offers. ![]() There are two types of fees with these transfers. For cash pick-ups, the recipient will need to present the XOOM tracking number and a valid ID. Once you’ve initiated the wire, you can track its status using the app on your phone so you know when the money is actually available. Within 15-30 minutes, the money can be available for pick up in Mexico! Assuming your credit is fine and you have money in the bank, the system should approve the transfer automatically. The XOOM customer service reps weren’t able to confirm what would prompt a request for additional information. In some cases, you may receive a request for additional documentation such as a bank statement. Once these steps are completed, you’ll be able to wire money immediately. Provide your bank account/routing info or credit/debit card information.Pay your CFE, Dish and Telmex bills for only $2.99 per bill paid. Cash can be picked up at places such as Electra, Walmart, and Soriana.īuy airtime for a phone that has an account with Telcel, Movistar, Nextel, USACell, or Unefon for only $1.49 per reload. However, your bank account or credit card must be US based.Ĭash pick up at over 14,000 locations in Mexico or a bank deposit to any major bank. XOOM offers 3 types of wire services and has an app you can download to your phone. Canadian Forex (Canadian accounts only & US accounts through OFX).Following, you’ll find specific information from 3 different companies: There are actually so many options, that it’s a little overwhelming trying to figure out which is the most reliable, least expensive and quickest. OF COURSE, THERE ARE OPTIONS TO EASILY SEND MONEY TO MEXICO. That’s more money than even oil brings to the country. Remittances represent Mexico’s single largest source of revenue totaling over 27 billion dollars being sent back to Mexico in 2016 alone. We wanted to avoid expensive international wire transfer fees and were stumped in trying to find an easy way to make it happen.Ī week later I saw a post on an expat forum asking the same question, and it hit me like a ton of bricks. Recently we had an advertiser who wanted to pay for his ad using his Canadian bank account.
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