Remittance fees from Western Union 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 Western Union incurred an average cost of roughly 5.5 percent over the course of 2023. 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 3rd quarter of 2023, among the most used brands in this corridor
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Costs of sending 200 U.S. dollars to this country, as proportion of remittance value received
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World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence. (January 11, 2024). Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 3rd quarter of 2023, among the most used brands in this corridor [Graph]. In Statista. Retrieved July 16, 2024, 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 3rd quarter of 2023, among the most used brands in this corridor." Chart. January 11, 2024. Statista. Accessed July 16, 2024. 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 3rd quarter of 2023, among the most used brands in this corridor. Statista. Statista Inc.. Accessed: July 16, 2024. 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 3rd Quarter of 2023, among The Most Used Brands in This Corridor." Statista, Statista Inc., 11 Jan 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 3rd quarter of 2023, 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 July 16, 2024)
Total average cost of sending 200 U.S. dollars worth of remittances between United States and Mexico as of 3rd quarter of 2023, among the most used brands in this corridor [Graph], World Bank (Remittance Prices Worldwide), & Statista, & FXC Intelligence, January 11, 2024. [Online]. Available: https://www.statista.com/statistics/1473647/cost-sending-low-value-remittances-usa-mexico-by-provider/
