Canonical: https://unicorncurrencies.com/send-money-to/mexico/

# Intelligence: Sending Money to Mexico

## Banking Requirements

- **Code:** **CLABE**

- **Format:** 18-digit CLABE (Clave Bancaria Estandarizada)

## Route Context

- **Use case:** Pay Mexican suppliers for automotive parts, electronics, aerospace, agricultural products

- **Published local rails:** SPEI, CoDi, SIAC

- **Timing note:** Settlement and credit timing depend on rail availability, funding, cut-offs, compliance review, correspondent handling, and receiving-bank release.

## Payment Control

- Check beneficiary details before release.

- Confirm payment purpose and invoice context.

- Keep proof available if the supplier says funds have not arrived.

- Review deductions if the amount lands short.

## Regulatory

- Banco de México regulations

- Mexican Customs (SAT) documentation

- IVA (VAT 16%) on imports

- USMCA trade agreement benefits

## Key Industries

- Automotive

- Electronics

- Aerospace

- Agriculture

- Manufacturing

## Tips

- 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