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Wire Money Transfer to Mexico

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Has anyone wired a money transfer to a bank Mexico? How long does it take?

 

I made a transfer via Bank of America last week (vendor deposit) and it's taking forever.

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I wired money through my bank a couple of months ago and it went through the next day. They said it depends on when the "recieving bank" accepts the transfer and does their paperwork. Maybe you shoudl call your bank and they can give you some info? good luck!

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Thanks for the responses ladies!

 

I had the bank trace the wire and it was actually received the same day it was sent. So, the banker gave me a confirmation number so the vendor can locate the transaction.

 

The problem was that when the money arrived at HSBC in Mexico, it went through an another entity before being distributed to the vendor. So, when the vendor received the wire, it wasn't under my name/BoA but the other entity's name. Who knew...

 

Just an FYI!

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It varies among banks and other companies. Some just charge a flat fee (BoA was $45 for international) while others charge you according to the amount being transfered.

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Quote:
Originally Posted by Soon To Be Mrs. Gomez View Post
I have to wire transfer money to Cabo this week. I have never wired money, just PayPal. Will my bank charge me for that and if so, how much?
Check the wire instructions to see if it goes through a US bank first. If it does, you should only be charged a for a domestic wire, not an international, which will save you $15-20.

The bank I worked at had more reasonable fees than most. Domestic: $15, International: $30

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I wouldn't recommend shopping around. You should wire money through a trusted bank. Plus you don't want to open a new bank account and begin sending out international wires. It will trigger some red flags that there might be some illegal or terrorist action going on.

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