Posted on by Chad F.

Gone are the days when you have to worry about how you can send money to your loved ones in Mexico. Now that you are in the US, and you want your loved ones to enjoy the fruits of your labor, all you need is to make a transfer through Sharemoney. We can make the transfer even more convenient as we offer you a list of partner banks that you can choose from. One such bank in Mexico that Sharemoney is proud to partner with is Banorte.

About Banorte

Operating for more than 100 years now since its inception in 1899 as a finance and insurance company in Mexico, Banorte is ranked as one of the four largest banks in the whole country. Apart from savings accounts, it offers other financial products like auto loans, credit cards, payday loans, mortgages and commercial loans to its consumers. This fast-growing network now has over 1,200 branches and almost 7,300 ATMs nationwide to its name.

Bank swift code: MENOMXMT

How to Use Sharemoney’s Money Transfer Services to Mexico

Sharemoney allows you to use two delivery methods when sending remittances to your loved ones in Mexico. One of the popular methods is the cash pickup service where your loved one can simply choose the location or cash pickup point where your loved one can receive the money. Another is through bank transfer where you can choose a bank from our list of partners according to where your loved ones have a bank account.


How to Send Money to a Banorte Bank Account

One of the first things you need to do in order to enjoy our site’s features is to create a free account with us. There is an online form which will take only a few minutes for you to fill up. Next, we will verify the email address and phone number you have keyed in the form. When your account has been verified, you can start sending money to your loved one’s Banorte bank account in Mexico.

Understanding Your Funding Options

When transferring money to the corresponding Banorte bank account of your recipient, you can do the transfer by using funds in your own U.S. bank account. This is one of the three options that you have. With this choice, do allow us some time to do security verification of your account which can take up to 3 days. If you use the bank account method regularly, the transaction can be completed as little as 1 day.

If you want to get rid of the need to verify your funding option via your bank account since it can take up to 3 business days, you can choose to send money through your credit card or debit card as they are the faster options. However, you need to know that funding the remittance with a credit card can mean extra charges similar to cash advances you make with your credit card. This will be charged later on by your credit card provider through your credit card bill. For faster and less costly options, it is better to use your debit card.

Using MTN to Track Your Remittance

Either you or your recipient can track the remittance you have sent by using the Money Transfer Number (MTN) that can be found in your receipt for your corresponding money transfer transaction. Do advise your recipient to use our global website to enjoy this feature.

For more questions about how you can send an online money transfer to a Banorte bank account, you can contact us for any of your clarifications.

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