Send money to Mexico from Ireland

Grey converts euro to Mexican pesos and pays into a bank account using the recipient's 18-digit CLABE, over SPEI. BBVA Mexico, Santander Mexico, Banorte, Banamex and HSBC Mexico are all supported. The rate and the fee are shown before you confirm, and the rate is fixed at that moment.

EUR

MXN

Send money to Mexico

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One number, the CLABE, and the pesos land

Sending to Mexico is unusually tidy once you know the one detail that governs it. You need the recipient's CLABE, an 18-digit number that identifies the account, and it carries the bank inside it. There is no separate bank to choose from a list and no branch code to chase down. One number, entered correctly, and the pesos go to the right place.

Payout runs over SPEI, the domestic network Mexican banks use between themselves, so a transfer from a funded euro balance typically arrives within minutes. BBVA Mexico, Santander Mexico, Banorte, Banamex and HSBC Mexico all receive, which covers the accounts most people and most companies in Mexico actually hold.

The traffic on this corridor from Ireland is mostly commercial. Irish software, medical device and food companies have built teams and supplier relationships in Guadalajara, Monterrey and Mexico City, and those are paid monthly against invoices or timesheets in pesos. Alongside them are Mexican students on English language and college courses in Dublin and Cork, and a small professional community here sending money back to family.

There is nothing for your recipient to sign up to. The pesos appear as an ordinary credit in their Mexican bank app, the same way any domestic payment would, with nothing to collect and nobody to see.

Sending to Mexico in three steps

Sign up

A free Grey account opens in about five minutes on your phone, verified once with a valid identity document such as a passport or an Irish driving licence.

Fund

Send a euro SEPA payment from AIB, Bank of Ireland, Permanent TSB, An Post Money or your credit union to your Grey account details.

Send

Enter the 18-digit CLABE, confirm the euro to peso rate and the fee, and send. The pesos go out over SPEI to the Mexican account.

What it costs to send euro to Mexico

Where this bites is on recurring commercial payments. A team of contractors in Guadalajara paid monthly means twelve conversions a year, and a rate margin that looks like rounding on one invoice becomes a real line in an annual budget. It is worth checking the peso figure on two or three transfers before settling into a habit with anybody.

The other thing worth knowing is that a mistyped CLABE is the expensive error on this corridor, not the fee. Eighteen digits copied from an email at speed is exactly the situation where a number goes wrong, and it is the reason to save the recipient the first time rather than retype it monthly.

How the euro to peso rate is fixed

Grey shows you the euro to peso rate it is offering, with the fee beside it, before anything leaves your balance. That rate holds from the moment you confirm. The peso figure on the screen is the peso figure credited to the CLABE, and market movement afterwards does not reach back into a transfer already sent.

For anyone paying invoices this is the whole point. A Mexican contractor bills in pesos, and the euro cost of meeting that bill is what you need to know before you agree to it. Fixing the rate at confirmation turns an estimate into a figure you can put in a ledger.

Grey against an Irish bank transfer to Mexico

An international payment from AIB, Bank of Ireland or Permanent TSB to a Mexican bank goes through correspondent banking. The visible fee is only part of the cost, the exchange rate margin is rarely stated, an intermediary bank can take a deduction along the way, and the whole thing can take days that a contractor waiting on a monthly payment will notice. Grey converts once, shows the rate and the fee together before you confirm, pays over SPEI against the CLABE, and tracks the transfer to settlement. Revolut sits on most phones in Ireland already, and none of this is a case for deleting anything. What Grey contributes is a euro balance kept beside USD provided by Lead Bank and GBP, a virtual Mastercard, and GreyTag for free instant sends to other Grey users.

What your recipient sees in Mexico

Pesos arrive in their Mexican bank account as a standard credit over SPEI, indistinguishable from a domestic transfer. No Grey account, no collection point, nothing to present.

Payout against the CLABE

BBVA Mexico, Santander Mexico, Banorte, Banamex and HSBC Mexico all receive. You enter the recipient's 18-digit CLABE in the Grey app and nothing else.

Delivery over SPEI

SPEI is Mexico's domestic instant payment network. Transfers from a funded euro balance typically arrive within minutes rather than the days a wire takes.

GreyTag between Grey users

If the contractor or family member in Mexico also uses Grey, send to their tag instead of the CLABE. It costs nothing and settles in seconds.

Ways to put money into your Grey account

Commercial and personal senders fund differently here, and both patterns are straightforward to keep.

Before a payment run

Fund once for the month of Mexican invoices, then release each payment from the balance as it clears internal approval.

Monthly, for family

A standing euro transfer from your Irish current account timed to payday, so the balance is ready before the date you usually send.

From currencies already held

Euro held on the balance converts and leaves at once, and USD provided by Lead Bank or GBP can be moved into euro beforehand.

Save the CLABE the first time you use it and check it once against what the recipient sent you. That single act removes the most common failure on this corridor.

What people send from Ireland to Mexico for

Contractors and remote teams

Irish software and medical device firms paying developers, designers and engineers in Guadalajara, Monterrey or Mexico City, monthly against a timesheet.

Suppliers and distributors

Manufacturing, packaging and distribution invoices settled in pesos, along with commission to agents handling an Irish product in the Mexican market.

Family and household support

Mexican professionals and students in Dublin and Cork sending money to parents, into a BBVA or Banorte account they have always used.

Property and study costs

Rent, tuition and living costs for a family member in Mexico, or payments on a property held there, sent as exact peso figures.

Four uses account for most of it, and the commercial ones outweigh the personal ones on this route.

Send money to Mexico

Why send to Mexico with Grey

One number to get right

The CLABE carries the bank inside it, so there is no separate bank to select and one less thing to get wrong on a payment run.

Minutes over SPEI

Transfers from a funded balance typically arrive within minutes on Mexico's domestic instant network, rather than sitting in a correspondent chain for days.

A rate that holds

The euro to peso rate is shown before you confirm and fixed at confirmation, so an invoice figure is met exactly.

What Grey is and is not

Grey is not a bank. It is an authorised financial services provider working with regulated partners in the EU.

More than one corridor

The same account reaches more than 80 countries, holds USD provided by Lead Bank, GBP and EUR, and carries a virtual Mastercard.

This corridor is easier than its reputation suggests. The complexity people expect from a payment to Mexico mostly comes from the correspondent banking route, not from Mexico, which runs a domestic instant network and a single account identifier.

Grey uses both. One CLABE, one conversion at a rate fixed when you confirm, delivery over SPEI, and a transfer you can follow until the pesos settle in the account.