International Transfer from Revolut (EUR) to Local Mexican Account (MXN)


#1

Good afternoon,

I hope you are doing well. I have some interrogations regarding the fees involved in the following transactions:

  • I load my Revolut account with EUR (Sepa Transfer = Free)
  • Then I create an international transfer with Revolut to a Mexican local account in MXN
  • I guess in the field account number I have to write the CLABE and I write the BIC of the Mexican bank

What will be the fees? Do I have to pay a fee from the Mexican bank to receive this international transfer? Or is it a “local peer-to-peer transaction”?

I understand Revolut won’t charge anything and it will just apply the real exchange rate to the transaction. I am just wondering about the receiving fee. I don’t know if it will be “local” currency to “local” currency or if we will use SWIFT intermediary because Revolut doesn’t have partnership with Mexican banks.

Thank you in advance for your comments.

Regards,

Elie


#2

My understanding is that it will be a SWIFT transfer and your bank may charge you, just check with your Mexican bank :slight_smile: