While it may be easy to send money to Mexico, the same is not true in reverse. Sending money from Mexico can be expensive and a hassle. The easiest and cheapest way to send money from Mexico is to use PayPal. You can send money from Mexico to more than 190 countries and regions. The only cost involved is the price to exchange currencies. Otherwise, sending money from Mexico is just a few clicks away.
Things You'll Need
- 2 PayPal accounts
- 1 foreign bank account
- 1 Mexican bank account
Link your Mexican bank account to your PayPal account. To do so, logon to your PayPal account. Click on "Add bank account." Enter your bank account information. Your Mexican bank account is now linked to your PayPal account.
Send money from Mexico to your Mexico PayPal account. To do so, login to your Mexico PayPal account. Click on "Add funds." Read the instructions for a local bank transfer. Print out the instructions and take them to your local Mexican bank to transfer funds. It can take up to four days for your funds to show up in your Mexico PayPal account. You can now send money from Mexico to anyone (including yourself) with a PayPal account in over 190 countries and regions.
Withdraw the money from the foreign PayPal account. The foreign PayPal account must also be linked with a bank account. Login to your PayPal account. Click on "Add bank account." Enter your bank account information. Click on "Withdrawal using bank account." Enter the amount you wish to receive. Depending on the country receiving the money, it can take up to four days for the funds to show up in your bank account.
Tips & Warnings
- Each PayPal account requires a unique email address. You can send money to yourself from Mexico, but you need two PayPal accounts.
- Plan ahead for sending money. While PayPal is easy to use once the money is in your PayPal account, it can take up to four days for PayPal to receive the bank transfer. It can take another four days to receive the funds from PayPal to your bank account.
- Guard your financial information. Don't give out your PayPal password. PayPal will never email you asking for it.
- Photo Credit pesos image by StephenD from Fotolia.com
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