Money transfers to Mexico by Follow

If you are in the United States and need to send some money to a relative abroad, you have several options. You can send remittances to Mexico through Walmart, use Moneygram or Western Union, and even try PayPal’s add-on service: Xoom. However, the alternatives are not limited to this short list. There are still a few aces up your sleeve that you can use. The idea is to study all the options to determine which one is best for you.

This leads us to wonder How do you send money to Mexico by Sigue and how convenient are they? If you want to know if this company is safe, how much it charges for each transfer and what are its advantages and disadvantages, you have come to the right place!

Money transfers to Mexico by Follow

What is Sigue?

There are endless ways to send money to Mexico from the United States and one of them is Follow. In simple words, Segu is nothing more than a remittance company that, like any other, will allow you to send money within the United States or from the United States to a foreign country. Although the company was founded in 1996, it was not until 2011 that it began to offer its transfer services abroad.

Nowadays, Follow is present in more than 170 countries around the world and has a wide network for sending and collecting moneyOne of its most famous services being the sending of money to Mexico.

Note: Follow is a remittance company that allows anyone within the United States to send money to South America, Central America, Europe, Africa, and Asia. Generally, you can order your transfers in two ways: visiting one of the Segu offices or downloading the SiguePay application on your mobile phone. To give you an idea, Segu has a large and important payment network in Mexico. In fact, is present in 32 states and in more than 700 cities, including towns and rural areas.

How much does it cost to send money to Mexico by Follow?

Unfortunately, although Sigue offers two methods of sending money abroad, it is not very transparent in terms of the cost of its services. The rates for each shipment vary depending on the country, the exchange rate and the payment method. Even the payment method you select could make your total costs cheaper or higher. Although this tends to happen with most remittance companies, Segu doesn’t have a special section that details the fees, surcharges and commissions for each operation.

What we do applaud from Follow is that when you send remittances through the mobile application, the platform will show you the total cost of the operation. By using his calculator and checking the market exchange rate, you will find an estimate of how much he will charge you for the transfer or shipment and the currency exchange.

But let’s see it with an example. Imagine that you want to send a $ 1,000 transfer to a Mexican bank account using Follow. In this case, you would have to pay a total of $ 21.82. According to SiguePay, the price of the direct deposit service is $ 10, so we could estimate that the remaining ($ 11.82) belongs to hidden charges related to the exchange rate.

Follow: money transfers. How are they made?

Basically, there are two ways to send money to Mexico by Follow. The easiest and fastest is through the mobile application, SiguePay, which is available for iOS and Android devices. The second way to do it is by visiting any of the branches Follow and completing the operation in person.

Now, we could say that there is an extra advantage in opting for online shipments with Follow. Which? Well what the app is available 24/7. You can order the transfer at any time of the day and on any day of the week, including holidays.

Sending money to Mexico by Sigue (using the online app)

Complete a money transfer to Mexico by Continue using the mobile application is the fastest option you can choose Because the whole process takes just minutes, this is unlike the traditional shipping method:

  1. Download SiguePay on your mobile phone. If you have already registered, log in with your email and password. If you have not done so, please register first to be able to access your profile.
  2. Open the drop-down menu and select “Send”. Press the “Start” button to start your operation.
  3. Choose the recipient’s country (Mexico) and the shipping method. You have several options to choose from: order direct deposit to a bank account or send cash for cash pickup.
  4. Enter the amount to transfer. You can send from $ 20 to $ 2,999. Enter the amount of money you want to send to continue with the operation.
  5. Indicate the collection office or enter the details of the beneficiary’s account. After selecting the delivery method, you will have to complete an extra step: choose the beneficiary’s city of residence or indicate to which bank account the transfer will be made. You can also check your list of registered beneficiaries to facilitate the operation.
  6. Review the information and confirm the operation. If the data you have entered in the system has no errors, you can confirm the operation.
  7. Pay for your money transfer. You can pay for the transfer or sending of cash using a debit card, either Visa or Mastercard. The only limitation is that the card is in your name and is affiliated with a personal account. Corporate cards are not accepted.
  8. Save the electronic receipt. Once you have completed the payment operation, the platform will show you the electronic receipt of the transaction. FollowPay will also send a copy to your email inbox.
Important note: Follow does not allow users to pay with prepaid cards. Keep this in mind before ordering a trade.

Sending money to Mexico by Sigue (at a nearby office)

If you prefer to send money to Mexico by Follow in person, visit the nearest office. You can find it using the company’s locator. It continues has branches in 50 states of the United States.

Once you are in the office, go to the window and provide all the information the representative needs:

  • Destination country
  • The payment method
  • The beneficiary’s data
  • The exchange rate chosen
  • The amount of the transfer

When the representative has all the data at hand, You will only have to pay for the transaction, either in cash or with your card. Upon completion of the operation, the agent will give you a receipt that will contain the tracking number of the transaction.

Tip: We recommend that, after carrying out the operation, you contact the beneficiary to give them the tracking number. Thus, you can track the order at any time.

What do you need to send money to Mexico by Sigue?

Regardless of the shipping method you choose, nYou will need to have some important information on hand. In general, this is what you should consign or record when making any money transfer operation:

  • Names and surnames, both of the recipient and the beneficiary.
  • Address of the beneficiary’s domicile, city and country of destination.
  • Beneficiary’s phone number and email, if possible.
  • In case of transfers to Mexico, account number, bank and CLABE.

Tip: Before going to a Follow office or entering the mobile application to carry out an operation, make sure you have all the data. If there is an error in the information, the beneficiary will not be able to withdraw or receive the money in his account or at the counter.

Remember: Follow only allows the sending of money to a beneficiary who is 1) a natural person, 2) over 18 years of age. Sending money from or to companies or corporate clients is not supported.

Are there limits on money transfers to Mexico by Sigue?

In fact, there are. Continue to calculate the limits for sending and receiving money by studying various elements, such as the customer transaction history, restrictions that apply in the country of origin and the payment method chosen by the customer. Globally, we could say that the limits of the company are summarized in the following:

  • Maximum sending limit: $ 2,999 per operation
  • Maximum limit per day: $ 2,999 (in 24 hours)
  • Maximum per month: $ 6,000 (30 continuous days)
  • Maximum limit per quarter: $ 25,000 (90 continuous days)
  • Maximum limit per semester: $ 50,000 (180 continuous days)
  • Maximum per year: $ 75,000 (365 calendar days)

It is important that you know that other limits may apply depending on the state of the country from which you are shipping. For example, in Arizona and New Mexico, shipments are limited to $ 500 per day.

Depending on the amount of money you send, Follow may ask you some additional questions, like the city and country of birth of the beneficiary, for example. It could also happen that the platform needs verify your identity and the legality of funds.

For it, you must upload an official photo ID, indicate what you do, for what reason you send money, what relationship you have with the recipient and perhaps also provide a copy of a statement from your bank account.

This is done primarily for security reasons.. This is how the company collaborates to avoid tax evasion, the legitimization of capital and the financing of terrorism.

Note: For photo identification, you can provide your American passport or a foreign passport (if you are a resident of the United States), a driver’s license, a green card or your identification as an active US military.

How long does it take to send money to Mexico with Sigue?

This depends on several factors, but -mainly- on the delivery method you have selected. For cash withdrawals, the beneficiary will have the money available in less than half an hour. For bank transfers, a term of one business day counted from when you complete the transaction.

How to track a shipment from Sigue?

If you need to track a shipment, you can do it online from the comfort of your home. For this, you only need the transaction order number. Visit this link, enter the 10-digit code in the search engine and that’s it! The platform will tell you what status the operation is in.

Where are the Sigue shipments collected in Mexico?

The recipient can go to collect the money at the window at any office in the Sigue network, as long as it is in your state of residence. To find out which agency is closest to you, use the platform’s locator.

Follow: Customer service in Mexico

If you are waiting to send a direct deposit that comes from the United States, you can call the customer service of Sigue in Mexico. To do this, you just have to dial the following number and follow the system instructions: 800-025-7445.

This service only available during office hours, Monday through Friday from 8:00 am to 5:00 pm, local time. If you prefer, you can also fill out a contact form with your query or complaint by clicking here.

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