How to send money to Mexico with Comun

With Comun, transferring money to Mexico is very easy. Once your account has been approved, click on "Move Money" in the menu at the bottom of the screen. Then select "Send Money Internationally". From there, enter the recipient's information, such as their full name, contact information and preferred method of receiving the funds. Here is a step-by-step process:

1. Select the country to which you are sending money.
2. Choose your preferred transfer method.
3. Enter the amount you wish to send.
4. Provide the recipient's information, such as name, phone number or e-mail address.
5. Confirm the recipient's delivery details, e.g. bank or cash.
6. Check the details and SEND!

Transfer rates and delivery times

‍Asa new user, you will enjoy your first transfer for free. After that, each transfer costs only $2.99. Comun also offers highly competitive exchange rates, ensuring you save more on every transaction. In the chart below, you can compare Comun's exchange rate with other popular remittance options, including Ria, Wells Fargo and Western Union, over a 90-day period from August to October 2024. At Comun, we are committed to always offering our customers the most competitive exchange rates in the market.

How to get started with Comun

‍It's easy to manage your finances with Comun. After opening your account, activate your VISA debit card for added functionality. You can also easily connect Zelle to centralize all your transfers in one app. The intuitive design allows for quick login with Face ID or Touch ID, making your transactions secure and effortless.

1. Download the Comun app: Available in your phone's app store; setup takes only 5 minutes.
2. Create your account: Use a valid ID, such as your passport, SSN, ITIN or any official ID from your home country. Make sure you have an active email and phone number for verification.

See this video for more details on how to get started with Comun here.

Partners we work with in Mexico

‍Comunpartners with leading financial institutions in Mexico, ensuring that your recipients have convenient access to funds. Key partners include, but are not limited to:

Considerations specific to Mexico

• Preferred currency: Mexican Peso (MXN)
• Regulations: Recipients may be required to show official identification to collect funds.

Benefits of using Comun for transfers to Mexico

Comun stands out for offering:

• Lowest transfer rates in the market, costing only $2.99 per transfer.
• Highly competitive exchange rates.
• Fast turnaround times: money arrives in minutes!
• Access to more than 100,000 withdrawal points.
• Common guarantee on all transfers.

Watch this video to learn about the benefits of using Comun here.

The importance of remittances in Latin America

‍Remittancesare a lifeline for many families in Latin America, supporting essential needs such as housing, education and health. They boost local economies, improve quality of life and strengthen cross-border family ties. For immigrants in the United States, remittances are a meaningful way to stay connected and make a positive impact in their home countries.

Remittances are classified into several types according to their purpose, origin and destination:

• Personal remittances: Money sent by immigrants to support family or friends, generally covering essential needs such as housing, education and health.
• Business remittances: Transfers for commercial purposes, such as investment in local businesses or agricultural projects.
• Social remittances: Non-financial remittances, which include knowledge, skills and cultural practices shared by immigrants to benefit their communities of origin.
• Government or institutional remittances: Funds sent by organizations for development or humanitarian aid purposes in recipient countries.

Each type plays a unique role in strengthening community ties and local economies. Learn more about remittances with Comun here.

Conclusion
With Comun, sending money to Mexico is fast, affordable and secure. Download the Comun app today and take advantage of your first free transfer.

Curious facts about Mexico

• Gastronomy: Mexico is famous for its tacos, which have many regional variations, filled with meats, vegetables and flavorful sauces.
• Cultural: The Day of the Dead, celebrated on November 1 and 2, honors deceased loved ones with ofrendas, cempasúchiles and sugar skulls.
• Historic: Mexico is home to Chichen Itza, an ancient Mayan city and one of the New Seven Wonders of the World, which showcases the rich history of the Mayan civilization.

Frequently asked questions

How long does it take to transfer money to Mexico?
Most transfers are completed within minutes and funds are available to the recipient after 30 minutes.

What identification is required for recipients in Mexico?
Comun does not require any identification to send remittances from the app. For recipients who wish to withdraw cash, an official ID, such as a national ID card or passport, is generally required.

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