SPEI Digital Transfers: Who Qualifies and What You Get
Learn how to make instant money transfers between different banks in Mexico using the SPEI system.
SPEI Digital Transfers is a system that allows you to move money instantly between different bank accounts.
Who it's for
This service is available to anyone who holds a bank account.
What you get
You get the ability to make instant interbank transfers, meaning money moves from one bank to another immediately.
What it costs you
While the system itself is a standard part of the banking infrastructure, your specific bank may charge variable fees for using this service. You should check with your bank to see if they charge a fee for each transfer.
The catch to know
When you are sending money, you must always double-check the CLABE number. The CLABE is a standard 18-digit number used to identify a specific bank account; sending money to the wrong number can result in the funds going to the wrong person.
How to apply
- Log in to your bank's mobile app or online banking website.
- Select the option for transfers or "transferencia."
- Enter the recipient's CLABE number and the amount you wish to send.
- Verify all details are correct before confirming the transaction.
For more information, visit the official portal: https://www.banxico.org.mx