🇨🇦→🇲🇽
Send Money from Canada to Mexico
Businesses in Canada paying Mexico suppliers for Automotive. Send CAD from Canada, receive MXN in Mexico with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local MXN delivery = no correspondent bank fees
Save £1,923 per £100k Payment
Canada to Mexico corridor savings
Traditional Bank
£2,428
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ SPEI
Your Savings
79%
£1,923 per £100k
At £300k-£3M monthly, save £4,812/year
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Mexico: Compliance & Requirements
Regulatory Considerations
- Banco de México regulations
- Mexican Customs (SAT) documentation
- IVA (VAT 16%) on imports
- USMCA trade agreement benefits
Payment Best Practices
- Mexico = USMCA partner, automotive manufacturing hub
- SPEI enables instant MXN settlement 24/7
- Northern states (Monterrey, Tijuana) = Manufacturing zones
- Nearshoring trend - US companies relocating from Asia
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via SPEI
Canada → Mexico Corridor Insights
Popular Industries
- Automotive
- Electronics
- Aerospace
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Mexico?
Save 79% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB