How to transfer money from Mexico to the US?

[El Tri 412]

My parents sold their home in Mexico and we want to transfer that money to their bank account in the US.

How can this be done? The bank is Citibanamex. 

[Hammerin Hank 1227]

Get the international wire transfer instructions from the US bank and give those to the Mexican bank and tell them to wire the funds 

[NeverMarryAStripper 21920]

Their U.S. bank should have a Swift code which is like the routing number for international transfers.  Or they could just put the cash in a paper sack and drive across the border

Edited March 22, 2023 by NeverMarryAStripper

[SimonBolivar 10958]

18 minutes ago, NeverMarryAStripper said:

Their U.S. bank should have a Swift code which is like the routing number for international transfers.  Or they could just put the cash in a paper sack and drive across the border

Just a note that many credit unions and local/regional banks don't have Swift codes and instead will want the Mexican bank to go through a partner US bank that does have access to the Fed.

[gmr548 16597]

Venmo me.

[Parliament 14283]

How much room do you have in your butthole?

[luke duke 6413]

How much room do you have in your butthole?

I doubt he’ll fall for that trick again.

[Kennythetiger 9427]

Cash it out. 

[NotActuallyALonghorn 4976]

13 hours ago, Parliament said:

How much room do you have in your butthole?

US Dollars take up a lot less butthole space than Mexican Pesos. Just something to keep in mind.

[royiv 9338]

The cartels are good at getting things across the border for a small fee. 

[NeverMarryAStripper 21920]

There might also be some reporting requirements under FATCA

[luke duke 6413]

Bitcoin

[ztejas 43527]

2 minutes ago, luke duke said:

Bitcoin

That's actually not a bad idea. A little volatile, though. 

[rage-a-holic 4448]

On 3/22/2023 at 2:48 PM, El Tri said:

My parents sold their home in Mexico and we want to transfer that money to their bank account in the US.

How can this be done? The bank is Citibanamex. 

This kind of thing literally happens a thousand times a day in Mexico. Citibanamex is one of the largest banks in Mexico. Why don't your parents ask an account rep at Citibanamex what their best options are? Why are you asking idiots on Surly?

[Dahobbs 17646]

Have you tried just printing your own money? I'm told that is legal. 

[immamac 42909]

I use wise to move money between USD and MXN quite a bit (10s of thousands) it is great and better than wire for conversion. My invite link below. Highly recommend. 

https://wise.com/invite/ath/rickv37

[52-80 19225]

wire it in native currency into schwab checking and let schwab do the fx.  easy peesy lemon squeezy

[williemackgarza 1826]

Remitly it to yourself.
Or ask CDN

[El Tri 412]

On 3/22/2023 at 4:13 PM, NeverMarryAStripper said:

Their U.S. bank should have a Swift code which is like the routing number for international transfers.  Or they could just put the cash in a paper sack and drive across the border

my parents have suggested this and i've told them someone at the bank will target them

On 3/22/2023 at 4:33 PM, SimonBolivar said:

Just a note that many credit unions and local/regional banks don't have Swift codes and instead will want the Mexican bank to go through a partner US bank that does have access to the Fed.

sweet, i'll look into this for them

[beer 3220]

On 3/23/2023 at 8:13 PM, rage-a-holic said:

This kind of thing literally happens a thousand times a day in Mexico. Citibanamex is one of the largest banks in Mexico. Why don't your parents ask an account rep at Citibanamex what their best options are? Why are you asking idiots on Surly?

to generate web revenue through entertainment purposes, moose out front shoulda told ya. 

[Speedtrucker 2075]

I could put you in touch with some people.

I’d just need you to wear a wire and be willing to cooperate when we go to trial.