Remittance fees from Remitly on the United States to Mexico corridor were the highest. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Mexico, but then specifically those that were sent from United States. Remitting towards Mexico from the United States using Remitly incurred an average cost of roughly 6.35 percent in the first quarter of 2024. Typically, the fees of money transfer organizations - MTOs - such as Western Union were below those from banks.
Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor
Characteristic
Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor
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Figures are based on the number of remittance channels that exist in a remittance sending and/or receiving country, due to limited information on remittance transactions - be it the value or the number of transactions; From Q3 2024 onwards, the source removed Small World from its tracking - as this company entered administration in July 2024.
Supplementary notes
The figures have been collected and calculated by Statista.
The source did not provide figures from before 2011.
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World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor [Graph]. In Statista. Retrieved April 29, 2025, from https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
World Bank (Remittance Prices Worldwide), und Statista, und FXC Intelligence. "Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor." Chart. July 6, 2024. Statista. Accessed April 29, 2025. https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
World Bank (Remittance Prices Worldwide), Statista, FXC Intelligence. (2024). Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor. Statista. Statista Inc.. Accessed: April 29, 2025. https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
World Bank (Remittance Prices Worldwide), and Statista, and FXC Intelligence. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances between United States and Mexico as of 1st Quarter of 2024, among The Most Used Brands in This Corridor." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
World Bank (Remittance Prices Worldwide) & Statista & FXC Intelligence, Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor Statista, https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/ (last visited April 29, 2025)
Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 1st quarter of 2024, among the most used brands in this corridor [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
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