How to Send Money to Mexico from the US

The amount of money sent from the United States to Mexico has reached record levels. According to BBVA Research, it was reported in 2025 that Mexico received $64.745 billion in remittances in 2024, an increase of 2.3% from 2023, reaching a new all-time record. This is part of an impressive run of 11 consecutive years of growth starting in 2014.

The enormity of this monetary movement is staggering. Of the total remittances to Mexico ($64.745 billion), over $62.529 billion, or 96.6%, came from the United States. California and Texas alone produced 47% of all US remittances to Mexico. These transactions occurred via 13.7 million individual transfers with an average remittance of $393; nearly all of them, 99.1%, were processed electronically.

If you have ever sent money to Mexico before (to help your family, pay employees, send funds to your bank account, etc.), you know how frustrating traditional bank transactions can be. Due offers a different approach to international transfers. Instead of offering every conceivable service that supports a bank, Due specializes in one thing: moving money internationally. It has built a platform for over 80 countries, including Mexico, to facilitate cross-border payments from the ground up.

SPEI Banking Network: Money Transfers in Mexico

Due is operating in Mexico via integration with SPEI, an electronic interbank payment system operated by the Central Bank of Mexico. SPEI is a secure network that processes a bank transfer between participating Mexican banks within seconds. SPEI started providing its service in August 2004, and today, many Mexicans use SPEI to pay for goods or services electronically, and in 2023 alone, SPEI processed over 3.894 billion interbank transactions.

What's On Offer

• Digital Account: Due creates virtual accounts in USD, EUR, GBP, and MXN with local virtual CLABE, IBAN, and ACH routing capabilities.
• Payments Infrastructure: Due connects to the SPEI's network, which links all national banks in Mexico and facilitates direct deposits to recipients' accounts within the country's banking channels.
• Global Capabilities: Due's API supports local payments internationally while enabling settlement in over a dozen currencies, including but not limited to USD, GBP, EUR, MXN, and BRL.

How SPEI Works

The central bank of Mexico, Banco de Mexico, established SPEI as the electronic network that underpins electronic transactions between financial institutions in Mexico. SPEI processes interbank electronic payments in real time during working hours, making it faster than wire transfers. The majority of banks charge for SPEI transactions, but the infrastructure must handle high transaction volumes seamlessly and at a low average cost per transaction.

The Technical Setup

When making a money transfer to Mexico through Due, instead of using proprietary networks, the transactions go through regular bank channels. Your funds enter the SPEI system and are directed through standard interbank methods to the recipient's account.

Recipients can collect their money at any bank that belongs to SPEI, which is nearly every licensed financial institution in Mexico. The system accepts both big commercial transfers and smaller personal remittances on the same system.

24/7 Online Access

Due’s platform provides you with the flexibility to initiate a transfer online 24/7. There is no need for you to visit a bank branch or to go in person to see an agent from an established money transfer company. If you prefer to send money on your schedule, day, night, or during your lunch break, you can do that.

Multiple Funding Options

If you are ready to fund your transfer, you can choose several options. Complete bank transfers or mobile money transactions in more than 80 countries, and you can deposit stablecoins directly from any wallet or exchange. Due has not created a distinction between payment options on the sending side, so you can send money according to your preferences.

Customizable Speed and Cost

Speed and cost are customizable according to your requirements. In traditional services, faster cash transactions meant higher fees. Due’s platform can have transfers settling in minutes (often in real-time, even when sending cross-border), while charging only 0.2-0.3% compared to the 2-3% typically charged by international banks..

We utilize stablecoin technology, which saves you many intermediary costs when sending your money. Instead of paying a fee, you can get transactions that are 5-10x cheaper than traditional payment solutions, and you are no longer waiting days to settle a wire, nor losing a huge amount of your funds due to hidden costs.

Transparency

Another convenience is transparency. You should always know the exchange rate before you hit "send". You can track the transfer in real time and get verifiable transaction history. And because currency rates fluctuate (for example, the Mexican peso was 17.49 MXN at the beginning of 2024, and by the end of the year, it was about 20.79 MXN per $1, seeing the stated rates allows you to make an informed decision about the exact time to transfer for the most favorable exchange rate.

Service Summary

Overall, our service is defined by flexibility and convenience. You select how to fund and send; your recipient selects how to receive. You both get the benefit of fast, low-cost transactions with full transparency. International transactions are made easy, just like domestic transactions.

Money Transfers to Mexico in Five Simple Steps

Sending money with Due is very simple. Here is a quick snapshot of how the typical process works:

Step 1: Create Your Account

Register online on the Due platform or download the app on the App Store and Google Play. You can activate your international account online in a matter of minutes, and it is free. You can register with an email or by linking an external wallet. Once registered, you will have virtual accounts in USD, EUR, GBP, and MXN.

Step 2: Verify Your Identity

Complete full onboarding to enable bank payments and all features of the platform.

Step 3: Transfer Money to a Destination

Input transfer details, specify sending money to Mexico (MXN), and the amount you want to send in USD. Then, our platform will convert and display how much the recipient will receive in Mexican pesos.

Step 4: Fund the Transaction

Choose the method you want to fund your transfer. For US users, you can deposit funds to your account via ACH bank transfers, Fedwire, or stablecoins directly from any wallet or exchange. We're also expanding funding options to include Venmo, Apple Pay, and other popular payment methods in the near future.

For international users, we support mobile money and bank transfers from 80+ countries, giving you flexibility regardless of your location.

Step 5: Send and Track

After you fund your transfer, the transaction will be processed over our decentralized network. You can track the transfer as it moves and view any history that is verifiable throughout the process. Payments to Mexico typically complete immediately or within minutes thanks to our stablecoin technology.

Getting Money to Mexico Through Due

Due is different from traditional money transfer services. Instead of only sending money to another person's bank account, Due enables users to get virtual accounts that can accept payments from anyone and anywhere, including Mexico.

Virtual Mexican Bank Accounts

When you open an account with Due, you can receive a virtual CLABE number for sending and receiving payments in Mexican pesos. You receive a virtual CLABE number from your account that acts like a Mexican bank account, but it is tied to your digital Due wallet. Anyone in Mexico can send pesos directly to your virtual CLABE number, just as they would to any local bank account. The funds will be deposited into your Due account.

How It Really Works

The concept is very simple. You receive virtual account numbers for many currencies, not just the Mexican peso but also US dollars, euros, British pounds, BRL, and others. A sender deposits money in one of these virtual accounts. Due converts it to a stablecoin (either USDC or EURC, etc.) which goes into your digital wallet, or you have the option of keeping it in the original currency.

Beyond Just Mexico

Due's virtual accounts exist in many countries and currencies. You can receive payments from the US through ACH, from Europe via SEPA, from the UK via Faster Payments, and from several other countries' local banking networks. The Mexican peso option via their virtual CLABEs is simply one part of the larger process.

Looking to Send Money to Mexico?

By now, you know that sending money to Mexico from the US can be straightforward and economical. If you're using the right online service to send money, you can make transactions in minutes, with limited fees, competitive exchange rates, and without needing to leave home.

Due is a modern way to transfer your money across international borders - it combines the best of fintech innovation (fast digital transactions, usable stablecoin technology) with an established, reliable traditional banking framework. This means that when you send money to Mexico, you can do so quickly, securely, and affordably. Built for transparency and reliability, Due gives you full control over each transfer, backed by trusted financial partners.