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Pesos over SPEI, addressed by CLABE
Every Mexican account carries an 18 digit CLABE, and that single number routes a payment to BBVA México, Santander México, Banorte, Banamex or HSBC México over SPEI, the domestic instant network. Ask your recipient for the CLABE rather than the account number and the payment behaves like a local one.
Grey converts your balance in Switzerland into pesos at the rate you approved and hands it to that network. There is no dollar payment sitting in a Mexican bank waiting to be converted, and no Grey account needed at the other end.
Sending to Mexico in three steps
Sign up
A free account, a valid identity document, about five minutes on a phone in Zurich or Zug.
Fund
A euro balance topped up by SEPA from your Swiss bank is the usual start. Dollars can be held in a USD account provided by Lead Bank and converted straight to pesos.
Send
Enter the 18 digit CLABE, check the MXN amount against the invoice, then confirm.
The real price of a peso payment
Grey quotes EUR to MXN and the fee as separate figures before you approve, which is the only reliable way to tell whether a payment to Monterrey cost what you assumed it did.
Where the same supplier is paid every month, the distance between a shown rate and a buried one is the distance between a predictable cost line and a surprise at the year end.
The peso amount is locked when you confirm
Approve the payment in Zug and the MXN figure stops moving. Grey carries the currency risk from that point until SPEI credits the account in Mexico.
For a contract manufacturer working to a peso price list, a number that cannot change after approval is what keeps purchase orders and payments in agreement.
Grey against a Swiss bank transfer to Mexico
A Swiss bank sending to Mexico converts somewhere along the SWIFT chain and discloses the rate afterwards, and the payment can still sit for days. Grey converts in Switzerland at a quoted rate and delivers pesos over SPEI, the same network a Mexican employer uses.
How the pesos reach Mexico
A peso credit in their own account, shown the way a domestic SPEI transfer is. Nothing to install, nothing to claim, no Grey account required.
Bank account payout
BBVA México, Santander México, Banorte, Banamex and HSBC México, addressed by the 18 digit CLABE.
SPEI timing
Payments made from a funded balance typically arrive within minutes over SPEI.
GreyTag
If the recipient is on Grey, the transfer is free and settles in seconds.
Getting money onto the balance
One funded balance covers every Mexican payment. In Switzerland that means euros by SEPA, because francs are not a balance Grey offers.
Swiss bank SEPA
UBS, PostFinance, Raiffeisen and the cantonal banks all send euros this way.
Company income
Euro or dollar revenue funds the next CLABE payment without a fresh deposit.
Held in advance
A prefunded balance suits suppliers paid on strict terms.
SPEI is quick at the Mexican end, so the timing of a payment is decided almost entirely by when your Swiss funding lands.
Who pays Mexico from Switzerland
Suppliers and contractors
Machining shops, logistics firms and engineering contractors in Querétaro and Monterrey invoicing a Swiss company in pesos.
Professional fees
Mexican lawyers, customs advisers and consultants billing Swiss clients for work carried out locally.
Trade services
Inspectors, brokers and agents on Mexican metals and agricultural shipments, paid from Geneva and Zug.
Family and study
Mexicans in Zurich, Lausanne and Geneva supporting relatives in Guadalajara and Puebla, or covering university costs at home.
This is a commercial corridor with a personal edge. Precision manufacturing and pharmaceutical supply chains link Basel, Zug and Solothurn to Querétaro, Monterrey and Mexico City, and the people inside them send money in both directions.
Reasons to send pesos with Grey
Supplier relationships survive on payments that arrive in the right currency, in the right amount, on the agreed date. A quoted rate and a domestic credit handle two of those three by themselves.
Quoted in Zug, converted before it leaves, delivered in MXN over SPEI to the recipient's own Mexican bank account.
FAQs
What should I ask a supplier in Querétaro for?
Their 18 digit CLABE. That single number routes the pesos over SPEI to BBVA México, Santander México, Banorte, Banamex or HSBC México.
Which Mexican banks can receive?
BBVA México, Santander México, Banorte, Banamex and HSBC México, all addressed by the recipient's CLABE rather than a branch code.
What happens to the pesos once they leave Switzerland?
They enter SPEI, Mexico's domestic instant payment network, and a payment from a funded balance typically reaches the account within minutes.
Which currency lands in Mexico?
Mexican pesos. Grey converts your balance in Switzerland first, so nobody in Mexico has to convert anything on arrival.
Can a Swiss company pay a peso invoice?
Yes. The MXN figure is fixed when you confirm, so a supplier working to a peso price list receives the agreed amount.
How do I fund the balance?
By SEPA transfer in euros from a Swiss bank. Grey does not hold Swiss francs, so euros are the working balance.
Can I convert from dollars instead?
Yes. Dollars held in an account provided by Lead Bank convert straight into pesos with no euro step in between.
Is the rate visible before I approve?
Yes. EUR to MXN and the fee are shown as separate numbers, and the rate is fixed at confirmation.
Does a consultant in Mexico City have to join Grey to be paid?
No. The pesos show on their statement as a standard SPEI credit, indistinguishable from a payment sent by a Mexican client.
How soon can I make a first peso payment after signing up?
Verification usually takes about five minutes with a valid identity document, after which Mexico is available as a destination at no account charge.
Can I pay more than one Mexican supplier?
Yes. Add each CLABE once and pay as often as required, with the peso amount and fee shown each time.
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