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What is the US to Mexico Remittance options and How do you Compare them PowerPoint Presentation

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What is the US to Mexico Remittance options and How do you Compare them Presentation Transcript

Slide 1 - What is the U.S. to Mexico Remittance options, and How do you Compare them? Do you need to send money from the United States to Mexico? We are here to help. Scouring through the numerous companies available and finding one that meets your needs, delivers the money within your time frame, and charges low costs can be difficult. We have compiled a list of your U.S. to Mexico remittance options and a guide on how to compare them; Your U.S. to Mexico Remittance Options There are numerous self-proclaimed best transfer providers to help you send money to Mexico. Here are the top remittance options available to you; Remitly Would you like a cheap cash pickup option to send money to Mexico? Remitly should be a top consideration. It is an online service provider with a wide network of different cash pickup locations across Mexico. They charge relatively low transfer costs compared to other companies in the market. One of the main advantages of Remitly is its competitive exchange rates. Therefore, you can expect the money to reach the recipient within three to five business days. However, a transfer delivered in minutes is possible but will cost you more. You also have the option to send money through a bank account or a pickup location. Their customer service is impressive, and you can expect phone support anytime.
Slide 2 - OFX When looking for a cheap option to send bank deposits, you might want to consider OFX. If you and your recipient both have bank accounts, OFX should be at the top of your consideration. They offer a digital transfer platform that charges low markup on the exchange rate from U.S. dollars to Mexican pesos. Additionally, OFX does not charge any upfront transfer fees. Furthermore, you can use OFX to set up rate alerts to notify you when the time is favorable to send money. Usually, their delivery takes between one and four business days. However, OFX has some limitations. For example, you both need to have bank accounts to transfer money, and the amount should be more than $1000. MoneyGram If you need to send remittances to cover an emergency, you need a fast and reliable option like MoneyGram. They have an extensive network and are reputable for their prompt services. The duration within which the money reaches the recipient will depend on you and how you prefer the money to arrive. Transferring funds through a bank account will take around an hour or slightly more. On the other hand, cash pickup transfers could take minutes since MoneyGram has about 43,000 locations across Mexico. The duration of funds transfer also depends on the bank hours or retail location. However, you can opt to pay in cash when sending money from the U.S. in locations where MoneyGram is available. However, their convenience and fast delivery come at rice, as you will need to pay$5 or more. Additionally, you will also care for the markups and exchange rate.
Slide 3 - Western Union Popular across the globe, Western Union has cash pickup locations in Mexico, totaling more than 35,000. So if you intend to send money to a recipient in the rural locations of Mexico, the wide network can be of great help. While cash pickups will reach Mexico in minutes, using a bank account may take five business days. Nonetheless, you can enjoy faster delivery at a higher cost. You can choose to send money through your U.S. bank account, mobile up, or credit card. Their service charges will vary depending on the amount you would like to send, your payment method, and your preferred delivery option. However, with Western Union, money sent through the bank is cheaper. How to Compare When comparing different money transfer options, you should consider three main factors. The first is the exchange rate. Exchange rates will vary depending on the service provider. A minor difference in exchange rates can significantly affect the money the recipient receives. Second, you should consider the transfer fees. How much do they charge to transfer your money? Mostly, the transfer fees vary depending on the amount you will be sending. Lastly, consider the total cost of remittance. The total cost includes the fees, charges, and the amount you will be sending. Compare these among different companies and choose the cheapest. Use Crediverso for Easy Comparison Instead of spending a lot of time researching companies and making comparisons, you can rely on Crediverso to make fast and accurate comparisons. Besides saving time researching, you will also save money as the information on your website is regularly updated to show current charges. So visit our website and find a cheaper and faster solution to send money.
 

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