How to use Wise to Transfer Money from US to Mexican Bank Accounts
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Or if you want to try XE.com
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In this video, Brighton West from Almost Retired in Mexico demonstrates how to use Wise (formerly TransferWise) to transfer money from a US bank account to a Mexican bank account. Wise offers competitive exchange rates and fast transfer times, making it a convenient option for those living or retiring in Mexico.
Throughout the video, Brighton shares his experience using Wise to transfer money to his Banorte account in Mexico. He highlights the importance of timing transfers when the exchange rate is favorable and explains how Wise’s mid-market rate differs from rates offered by cash exchange services or banks catering to expatriates.
Brighton also discusses the various transfer methods available through Wise, such as ACH transfers, wire transfers, and using debit or credit cards. He compares the associated fees and processing times for each method.
Finally, Brighton briefly touches on XE.com as an alternative to Wise, noting that while XE may have better customer support, Wise typically offers faster transfer times. He encourages viewers to explore both options to determine which best suits their needs.
For more information on banking in Mexico and living as an expatriate, be sure to check out Brighton’s other videos on the Almost Retired in Mexico YouTube channel.
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