The Federal Consumer Prosecutor's Office (Profeco), reported on the best and worst options for sending remittances.
Profeco presented a report on companies that send remittances from the United States. The institution announced that the company with the highest commissions for sending money is Western Union, therefore, it is the option that delivers the least money. On the other hand, ULink is one of the options that delivers the most money by not charging a commission and offering a good exchange rate.
In addition, Profeco explained that among the companies to make account deposits, Pangea Money Transfer is the best option.
On the other hand, Profeco has a tool to compare remittance sending options and calculate the costs of companies that send money from the United States to Mexico. The calculator is part of the Who's Who Money Transfer program, and has up-to-date information on the major money transfer companies. It is only necessary to enter an amount and choose one of the available cities in the United States.
When calculating, the tool shows a table that details the name of the company, the type of service, the commission charged (in dollars), the exchange rate offered in Mexican pesos, as well as the total amount to be received. Consult and use this tool at the following link: https://qqed.profeco.gob.mx/
