Q: When does the money arrive in Mexico?
A: The funds are available in the
bank account in Mexico after 13:30 CT on the next banking
day after your bank sends the money.
Q: Why should I have a bank account?
A: Having a bank account is the best
way for you and your family to build a credit history
and to have access to other financial services such
as a credit card or bank loan. Your money is safer in
the bank than in your pockets. A bank account is an
essential requirement for a better financial future.
Using financial institutions to send money through Directo
a México is what allows for a low transfer fee
and a more favorable exchange rate.
Q: What is the CLABE?
A: It is the Clave Bancaria Estandarizada
(Standardized Bank Key), a unique identifier —
18 digits in length — assigned to each bank account
in Mexico. The CLABE guarantees that transferred funds
are only posted to the account instructed by the client.
Q: Will I lose the money in my bank account if I
return to Mexico?
A: No. You can access funds in your
account anywhere in the world using your debit card
in ATM or point of sales.
Q: Does the beneficiary in Mexico
need to have a bank account?
A: Yes. The beneficiary can receive
money in his or her bank account and can withdraw it
using a debit card at any ATM in Mexico. We recommend
that the beneficiary in Mexico make cash withdrawals
in the ATMs belonging to the bank where he or she has
an account because the withdrawal fees will be lower
or no cost.
Q: Will I still get a great exchange
rate if I only send a small amount of money?
A: Yes. Every transfer always receives
the best exchange rate in the market regardless of the
amount.
Would you like to know more?
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