Sending remittances to Mexico was cheaper than sending money from either Canada or the United States, as of the first quarter of 2024. This is according to an average taken from different situation in which consumers send money worth 200 U.S. dollars from one country to the next - including cash, MTOs (money transfer organizations) or cards.
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024
Includes cash, bank account transfers, credit cards, debit cards, prepaid cards, and mobile money
Supplementary notes
The source states it investigates 105 remittance receiving countries, compared to 48 remittance sending countries. It is therefore likely that not all countries have data for both situations.
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Statista. (March 27, 2025). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024 [Graph]. In Statista. Retrieved June 04, 2025, from https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. "Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024." Chart. March 27, 2025. Statista. Accessed June 04, 2025. https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. (2025). Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024. Statista. Statista Inc.. Accessed: June 04, 2025. https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista. "Total Average Cost of Sending And/or Receiving 200 U.S. Dollars worth of Remittances From/to Individual Countries or Territories in North America in 3rd Quarter of 2024." Statista, Statista Inc., 27 Mar 2025, https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
Statista, Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024 Statista, https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/ (last visited June 04, 2025)
Total average cost of sending and/or receiving 200 U.S. dollars worth of remittances from/to individual countries or territories in North America in 3rd quarter of 2024 [Graph], Statista, March 27, 2025. [Online]. Available: https://www.statista.com/statistics/1387597/cost-of-sending-money-from-to-north-america/
