How to send money to BBVA, Mexico

BBVA   

BBVA Mexico

BBVA is the largest bank in Mexico, with a customer base of more than 20% of the market. It provides a range of retail, corporate and investment banking services, as well as international remittances.

Money transfer is big business in Mexico. In fact, Mexico is the top remittance receiver in Latin America and one of the top five in the world. That’s because more than 13 million Mexicans living in countries such as the US, Spain and Canada send money home to support their loved ones.  WorldRemit is proud to support them with our quick and convenient BBVA transfer service.

The different ways to send money to BBVA, Mexico

There are two quick, simple and secure ways you can transfer money to BBVA with WorldRemit. You can use our bank transfer service to send money directly to current/checking and savings accounts. Or, you can use our cash pickup service to send money that can be collected by your recipient in cash from any branch of the bank.

How do you make a bank transfer to BBVA?

You can make a bank transfer to BBVA from more than 50 countries around the world using any device. The maximum bank transfer you can send to BBVA is the Mexican Peso equivalent of USD 10,000.

All you have to do is:

  • Select Mexico as the country in the ‘Send to’ box at the top of this page
  • Choose the ‘Bank Deposit’ service
  • Set the payout-network to ‘Deposits to BBVA MXN accounts’
  • Enter the transfer amount and click ‘Send’
  • Create an account if you don’t already have one
  • Add your recipient’s details (including name, address, mobile number, reason for sending, their bank name and account number, 16 digits of their debit card or CLABE number).
  • Pay online

You and your recipient will receive SMS and email notifications when the money has been sent and collected.

How to send money for cash pickup from BBVA

Our cash pickup service is the fastest way to get your money into your loved ones’ hands. Just complete the transfer on our website or app and the cash will be ready to collect from any branch of BBVA, usually within just a few minutes of the transfer being made. There’s a maximum transfer limit of the Mexican Peso (MXN) equivalent of 600 US Dollars (USD) per transfer, and the MXN equivalent of USD 1,200 per day. 

Just follow these simple steps:

  • Select the ‘Cash pickup’ service in the ‘Send to’ box at the top of this page
  • Choose ‘BBVA Bancomer’ as the payout-network
  • Enter the transfer amount and click ‘Send’
  • Sign in or create an account if you haven’t already
  • Add the details of a new recipient or select someone you’ve sent to before
  • Choose how you want to pay

You and your recipient will receive SMS and email notifications when the money has been sent and collected.

How much does it cost to send money to BBVA?

Whichever transfer method you choose, the costs are calculated in the same way. There’s a single low fee for our bank transfer and cash pickup service which we’ll show you upfront. The only currency that can be sent to BBVA is the Mexican Peso. So, we’ll convert your local currency before the transfer can be made and use bank-beating exchange rates.

Is BBVA the same as Bancomer?

A recent rebrand has caused some confusion about whether the BBVA and Bancomer banks are the same. They are. In the year 2000, the Banco de Comercio, known as Bancomer, was rebranded as BBVA Bancomer. BBVA Bancomer provides a complete range of banking services and is the largest bank in Mexico in terms of assets, deposits and number of customers.

What is a CLABE number in Mexico?

The CLABE number is a standard number used in Mexico to ensure that inter-bank transfers go to the correct accounts. You can use this number to pay money into your recipient’s account.

A CLABE number has 18 digits and includes:

  • Bank code: 3 digits
  • Branch office code: 3 digits
  • Account number: 11 digits
  • Control digit: 1 digit

When preparing to send a bank transfer to BBVA in Mexico, contact your recipient to confirm their name as it appears on their bank account and their CLABE number. This will ensure everything goes smoothly. 

Guaranteed exchange rates on all transfers to BBVA

Whether you choose to send money for cash pickup or make a bank transfer, with WorldRemit, you’ll enjoy exchange rates that are consistently better than those offered by the banks.

If you send an international transfer to BBVA with your bank, you’re likely to lose money with a poor exchange rate, which will act like a hidden fee. That means less of your money ends up in your loved one’s pocket.

We, on the other hand, will show you the exchange rate upfront. And that exchange rate is guaranteed, so you’ll know exactly how many Mexican Pesos (MXN) your recipient will receive. You’ll also enjoy super-low fees with nothing for your recipient to pay on collection.

How long do BBVA transfers take?

Our smart and secure technology moves your money as fast as the banks and often even faster, with some transfers going through in minutes. Funds sent to BBVA via our bank transfer service usually clear the same day, while money sent to BBVA for cash pickup will usually be ready within just a few minutes of the transfer being made.

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