For remittances towards Mexico, banks had slightly higher fees than MTOs in 2024. This is according to a Statista estimate that aims to compare the prices charged for sending international money transfers to Mexico. Remitting towards Mexico using MTOs incurred an average cost of roughly 4.65 percent in the fourth quarter of 2024. No figures were available on post office fees for remittances towards Mexico.
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider
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World Bank (Remittance Prices Worldwide), & FXC Intelligence, & Statista. (July 6, 2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/
World Bank (Remittance Prices Worldwide), und FXC Intelligence, und Statista. "Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider." Chart. July 6, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/
World Bank (Remittance Prices Worldwide), FXC Intelligence, Statista. (2024). Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider. Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/
World Bank (Remittance Prices Worldwide), and FXC Intelligence, and Statista. "Total Average Cost of Sending 200 U.S. Dollars worth of Remittances towards Mexico from The Rest of The World from 1st Quarter of 2011 to 1st Quarter of 2024, by Provider." Statista, Statista Inc., 6 Jul 2024, https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/
World Bank (Remittance Prices Worldwide) & FXC Intelligence & Statista, Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider Statista, https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/ (last visited January 06, 2025)
Total average cost of sending 200 U.S. dollars worth of remittances towards Mexico from the rest of the world from 1st quarter of 2011 to 1st quarter of 2024, by provider [Graph], World Bank (Remittance Prices Worldwide), & FXC Intelligence, & Statista, July 6, 2024. [Online]. Available: https://www.statista.com/statistics/1473684/cost-sending-low-value-remittances-to-mexico-by-provider/
