Send Money from Canada to Banorte in Mexico

Banorte, Mexico

Banorte (officially Banco Mercantil del Norte), is a banking and financial services provider in Mexico. It has almost 1,300 branches across the country and approximately $80 billion in assets, making it a major player in Mexican banking. In addition to its branches and over 7,000 ATMs, customers can also access Banorte through more than 5,000 locations like convenience stores and even drugstores.

In terms of size, it is in the top four commercial banks in Mexico. Unique among its competitors, it is 100% Mexican-owned, unlike all the other banks operating in the country that are owned by foreign companies. Banorte is also the biggest retirement fund administrator in the country.

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How To Send Money to Banorte in Mexico From Canada

Sending money to a Banorte account from Canada is easy. Remitbee is the best option for sending to family and loved ones in Mexico because it has the best CAD to MXN exchange rates and there are no fees for transactions above CAD 500. Here is a breakdown of how it works:

Go on the Remitbee app or website and register for an account
From the list, pick “Mexico” as the destination country for your transfer.
Then choose “Cash Pick-up” as the receiving method for your receiver.
Add the recipients’ email, address, and ZIP code.
Choose from the drop-down menu and for “Agent Location” pick “Banorte”.
Specify the amount you want to send as well as the transfer's purpose.
Choose the most convenient payment method for you and follow the on-screen instructions to complete the transaction.
Make sure the information you've supplied is accurate before sending the transfer.

Transfers to Mexico with Remitbee are frequently processed in minutes or under one business day. The receiver will be notified when the transfer is complete and will be able to access the funds through Banorte. That's all there is to it!

If you've never used Remitbee before, it's important to know that our operations are regulated and overseen by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a government agency. Remitbee is a popular option for Mexican immigrants in Canada to transfer money back home, and you can check out our reviews to see for yourself. They rely on Remitbee's security features, which encrypt all data and transactions to protect your personal information. Remitbee will fully refund you if your money is not delivered for any reason.Sign up now to send money to Mexicofor free!

Send money to all major Banks in Mexico

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Frequently Asked Questions

Can I use Remitbee to send money to a Banorte account in Mexico?

Yes, for sending from Canada to a Mexican Banorte bank account Remitbee is the top option.

How do I pay for my Banorte money transfer with Remitbee?

Remitbee wants to make it easy for you to send so we accept a variety of convenient payment methods. Interac e-transfer, Visa and Mastercard credit and debit cards, as well as online bill payment, are all available. Our full list of payment methods here.

How will Banorte money transfers to Mexico be delivered?

It will be delivered via Banorte's electronic system to the recipient, who will be able to see when it arrives in their account. It takes an average of one business day, although in certain cases it could take as little as a few minutes.

Is there a maximum amount I can send to a Banorte account?

The maximum amount you can transfer is determined by your verification level. You'll be allowed to send up to 9,000 CAD per day and 50,000 CAD per month once you've been authenticated. Read more about our verification levels and remember verification is a one-time process.

What does it cost to send money to an account in Mexico with Remitbee?

Remitbee will send transfers to Banorte in Mexico for free if the amount is more than 500 CAD. For transfers that are under 500 CAD, these are the applicable fees:

Interac Online - $2.99
E-transfer – Free
Bill Payment – Free
Electronic funds Transfer - Free
Visa or Mastercard Debit - $2.99+

What is the maximum amount you can send from Canada to a Banorte account in Mexico?

The limit to what you can send in Mexican peso is determined by the level of verification you've completed.

These are the levels of verification and corresponding amounts:

Verification Level 1 allows you to send up to 300 CAD per day and 600 CAD per month without having to show any documentation for verification.

Verification Level 2 lets you send up to 3,000 CAD per day and up to 25,000 CAD per month.

Verification Level 3 lets you send up to 50,000 CAD per month and 9,000 CAD per day.

Level 4 verification is available from Remitbee so that our clients can send even more money. It's crucial to keep in mind that verification is a one-time procedure. There's no need to submit any additional documents once you've been confirmed.

Download Remitbee Mobile App

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.