Send Money from Canada to Mexico

Measured on the full cost — the transfer fee plus the exchange-rate margin — Western Union is cheapest on this corridor at C$1,000, across the 3 providers we hold checked figures for. The cheapest provider also changes with the amount you send, so compare the final sum that arrives in Mexican pesos rather than the headline fee.

At C$1,000, Western Union is the cheapest of the 3 providers priced at that amount on this corridor: about C$0.60 all in, or 0.06% of the amount sent. Remitly is next at about C$7.39. That is the fee plus the exchange-rate margin that applied to a transfer of that size — priced at C$1,000 specifically, not worked out from a measurement taken at some other amount. It covers a bank transfer; cash pickup and mobile wallet payouts are priced separately. The margins were measured by Wise's comparison service rather than published by the providers themselves, and other providers here may be cheaper and are not priced this way.

Most transfers on this corridor arrive within one to three business days. Paying by debit card is generally faster than a bank transfer, and transfers initiated outside banking hours may not begin processing until the next working day.

Across the providers we compare, the available payout methods are Mercado Pago, bank deposit, cash pickup and mobile wallet. The most widely used options in Mexico are bank deposit and a very large cash pickup network. Mexico has one of the densest cash pickup networks in the world, with payout points in most supermarkets and pharmacies. Not every provider supports every method, so check the table above before you commit.

No. Remitly and Western Union offer cash pickup in Mexico, so your recipient can collect the funds with valid photo ID and the transfer reference number. That said, bank deposit and a very large cash pickup network generally cost less than cash collection.

Providers rarely give you the mid-market rate — the reference rate you see on Google or Reuters. Instead they add a margin, typically between 0.4% and 4%, and keep the difference. That margin is often larger than the visible transfer fee, which is why a "no fee" service can still be more expensive overall. For CAD to MXN, compare the quoted rate against the mid-market rate to see the real spread you are paying.

Yes, provided you use a licensed provider. Every service listed on this page is regulated in Canada under FINTRAC, which requires safeguarding of customer funds and identity verification. Send only to people you know personally, keep your transfer reference private, and be sceptical of anyone pressuring you to send money urgently to someone you have not met.

Yes. Each provider sets its own transfer limits, which vary by how much identity verification you have completed and how you pay. Larger transfers may require additional documentation such as proof of source of funds. For transfers above roughly C$10,000, a specialist foreign-exchange broker will often beat an app on rate.

Check Western Union's bank-deposit cap before you plan around it: the provider publishes a maximum of 999 CAD to a bank account on this corridor, against 5,000 CAD by card or to cash pickup. That is the lowest bank ceiling we have found anywhere on this site and it is easy to hit by accident. The usual advice about cards is wrong on this corridor. Wise's own table at 1,000 CAD puts debit-card funding at about 58.02 CAD against 34.25 CAD by credit card — debit costs substantially more, and the provider's own page still advises the opposite. We read the table twice on separate requests and got identical figures both times. Cash is how a great deal of money still arrives in Mexico, and both Remitly and Western Union reach the counters people actually use — Oxxo, Walmart, Elektra and Banco Azteca among them. Wise pays into a bank account only.