How to Wire Money Safely to Mexico — Step-by-Step for Foreign Buyers
Hundreds of foreign buyers wire funds to Mexico each year. Here’s exactly how to do it safely — and the mistakes that cost people money.
Wiring money to Mexico for a property purchase is safe when done correctly through established notario escrow accounts or trusted title companies. Never wire funds directly to a private individual’s account without verified notario oversight.
The Safe Wire Transfer Process
Never wire funds to a seller’s personal bank account. Never change wire instructions based on an email — always verify by phone directly with the notario. Fraudulent “last minute” wire instruction changes (Business Email Compromise) have cost US buyers tens of thousands of dollars.
Wire Transfer Costs
| Method | Fee | Time |
|---|---|---|
| US bank wire (international) | $25–$50/wire | 1–3 business days |
| Wise (formerly TransferWise) | 0.4–1% of amount | Same day to 2 days |
| Western Union (large amounts) | Varies | Same day |
The IRS requires you to report foreign transfers over $10,000 (Form 8938) and foreign bank accounts over $10,000 (FBAR). Consult a tax professional before your first large transfer.
Most transactions in Mulegé are priced and closed in USD. Confirm with your notario whether they want USD or pesos. Sending USD to a USD notario account avoids exchange rate risk.
Yes. Some transactions use licensed Mexican escrow companies for added security. We recommend escrow for larger purchases. Ask us for vetted escrow provider recommendations.
Have Questions About the Wire Transfer Process?
We’ve guided hundreds of US buyers through their first Mexico wire. Ask us anything — no obligation.