No matter the situation - whether you need to transfer funds to a friend or family member for an emergency or if you transfer funds to Mexico on a regular basis to support your family, there are multiple different ways you can do this.

Debit/Cash Cards - There are several outlets that offer debit cards. each company will send the receiver a debit card, while the sender will have the capability to load funds on the card either online or via the telephone. The receiver can claim the funds at most ATM machines. It is important to reiterate that this card is renewable and monies can be added however often as needed.

To begin this process, the sender would register for the service either online or via telephone. First, the sender would load the card with the appropriate amount of money via credit card or bank account. Then, the sender is provided with a security PIN number before the recipient is actually sent the ATM card via rapid mail transfer service. The sender then provides the recipient with the PIN number and when the card arrives, they can withdraw the funds at an ATM location. As another reminder: It is imperative before choosing a firm, that you study the details disclosing the associated rates, as they vary with each card company.

If you decide to transfer funds through a money transfer service, it usually can be accessed in a matter of minutes. Service fees are determined either from a flat rate standpoint or a percentage basis. In addition to sender service rates, the recipient is also charged a fee (at the receiving end) of upwards of 10 percent. International Banks have reputable relationships with Mexican banks and transfer billions of dollars to Mexico yearly.

If wanting to send monies to arrive via a bank, it is imperative that you know what wire transfer services exist and the cost of their services. There are many wire transfer/bank businesses to wire money to those in Mexico. As a result of competition, several of these firms are reducing their charges, which vary considerably, so it is vital to do some comparison shopping. Depending on the type of service wanted, the money is usually available anywhere from within 15 minutes to 24 hours.

In the event of an emergency situation only, monies may be sent through the consulate. The most protected way to do this is by establishing a State Department trust fund. This service is available US citizens and on an emergency basis only. Depositors must first create a trust account in a recipients name. Upon receipt of the monies, the State Department then authorizes payout to the recipient from the appropriate US consulate. This course takes approximately one business day to complete and monies are always disbursed in local currency.