Send Money from Canada to Scotiabank Mexico in Mexico

Scotiabank Mexico, Mexico

Scotiabank Mexico is one of Mexico's largest financial companies, with over 600 locations and 1,300 ATMs. These companies, Scotiabank Mexico, Scotia Casa de Bolsa, Scotia Fondos, and Scotia Afore, employ about 8,650 people and provide a wide variety of financial services and products to individuals, small businesses, and multinational organizations. They provide mid-term loans, cash management services, trade finance products, Visa/MasterCard merchant services, real estate banking, trust services, and commercial banking to multinationals and small companies. Worldwide Transaction Banking (GTB) is a new business unit of Scotiabank Mexico that provides global Cash Management, Trade Finance, and Correspondent Banking solutions to both national and international businesses and financial institutions.

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How to Send Money to Scotiabank Mexico in Mexico

Remitbee makes it easy to transfer money to Mexico's Scotiabank accounts. Six basic steps are all you need to know.

  • Download the Remitbee app and sign up for an account. You'll be able to get a private Remitbee Wallet and access to a secure Remitbee account once you've completed the easy and free procedure.

  • Enter your personal information such as name, address, and occupation. Verify your email and phone numbers since they are essential to your registration.

  • Pick a way to send the funds. Details about the recipient's bank account will be requested such as name of the bank and the account number. Additionally, you may choose to have the cash picked-up, if this option is available.

  • Examine the currency conversion rates between Mexican pesos and Canadian dollars. If the CAD to MXN exchange rate is good for you, put in the amount you want to send, select how you will pay, and finish the transaction. While exchange rates are always changing values, the associated costs for each payment choice are consistent.

  • Relax. All of the work you've been given is finished! We will send your money to Mexico and you can keep track of the transaction on the Remitbee app. They should arrive soon.

  • You are a hero, in your own mind! You may say you've done something great if you're the one who helps your family in Mexico. We help provide our clients with extraordinary service that lives up to their heroic expectations.

What are the benefits of sending directly to Scotiabank Mexico?

Here are just a handful of the many advantages of using Remitbee to send money to Scotiabank Mexico.

  • It's an entirely online experience! There's no need to leave the house or go to the bank.

  • Secure account-to-account transfers are free for transfers of $500 or more!

  • Money is received in days!

What is the information you need to complete the transfer?

To complete the Remitbee transfer, you'll need the following information. Wire transfer to bank account

  • Recipient’s Name — Check that you have the correct name of the receiver to ensure that your transfer does not get delayed.

  • Address – In order to ensure that the money goes to the recipient's location, we need your branch's address so that we can make sure the money is sent to the correct branch.

  • SWIFT Code – Enter MBCOMXMMXXX as the SWIFT/BIC code for Scotiabank Mexico.

  • Account Number – This ensures that the money is received in the account of the intended recipient.

How Remitbee calculates the CAD to MXN exchange rate

We focus on keeping our expenses low, and constantly check the best Mexican peso conversion rates for you. There are expenses involved with using bill payment, Interac, or debit card payment methods. However, you may always transfer money for free using the Remitbee Wallet. Any fees involved with transferring money to Mexico via our app or website are laid out clearly and can be checked before you send a transfer.

Send money to all major Banks in Mexico

How international money transfers work

International wire transfers are handled via the SWIFT network. All fees, including transaction fees, are deducted before a transaction is completed. Funds will be moved between accounts, using a bank that computes the exchange rate between CAD and MXN.

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Frequently Asked Questions

You absolutely can.

We offer many different payment options such as Interac e-Transfer, Interac Online, Bill payment, Electronic Funds Transfer or Visa or Mastercard Debit.

Only direct bank account transfers are available for transfers to the Mexico.

If you verify your identification on our platform, you'll be able to transfer up to 9,000 CADin a day and 50,000 CAD each month.

Any transfer of 500 CAD or more is entirely free. The transaction fees for sending less than $500 CAD are mentioned below:

  • Interac Online - $2.99

  • E-transfer – Free

  • Bill Payment – Free

  • Electronic funds Transfer - Free

  • Visa or Mastercard Debit - $2.99+

The CAD to MXN exchange rate is currently 1 CAD for {{MXN}} MXN. This changes daily.

The maximum amount of money you can send in MXN is dependent on your account’s verification level.

The minimal Verification Level 1 allows you to send only 50 CAD daily, and up to 500 CAD monthly.We recommend Verification of Level 2.

It will allow you to send up to 3,000 CAD daily, and up to 25,000 CAD monthly.For users who need to transfer larger amounts of money we also have a good option – Verification Level 3.

It allows you to send 9,000 CAD daily, and up to 50,000 CAD monthly.

We are also working on Verification Level 4 to provide our customers with even higher sending limits. Remember, verification is a one-time process.

Once you have been verified, there is no need to provide any other documents.

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.