Remittances rose again in June: US$5.472 billion, and how to cash them in Cancún without losing money
The Bank of Mexico reported US$5.472 billion in remittances in June, up 4.2% from a year earlier. Here is what it means for families in Cancún and how to avoid fees that eat into your transfer.
Mexican families who receive money from abroad saw those transfers grow again. According to the Bank of Mexico, US$5.472 billion in remittances entered the country in June 2026, a 4.2% annual increase over the US$5.201 billion recorded in June 2025. It was the fifth straight month of growth, though the amount fell 2.4% from May, when US$5.611 billion came in.
Behind that figure are 12.9 million transactions and an average transfer of US$422, up 3.8% from a year earlier. From January to June, remittances totaled US$30.759 billion, 3.1% more than the same period of 2025 and the highest level for any first half in the central bank's series.
For Cancún, where many households combine tourism jobs with support from relatives working in the United States, this inflow of dollars helps cover daily spending, rent and school supplies right before the back-to-school season. The practical part is how that money arrives and how it is cashed.
What the report reveals about cashing out (and what works in your favor):
- 99.2% of remittances moved by electronic transfer rather than cash from the sender. Almost all of it arrives digitally and traceably.
- Of the money handed out in Mexico, 53.3% was deposited to an account and 46.7% was cashed at a counter. Receiving it into a bank account or app is usually cheaper and safer than taking cash at a store.
How to protect your money when receiving remittances in Cancún:
- Compare before you cash out. Profeco and Condusef publish comparisons of the cost of sending and receiving remittances; the exchange rate and fee can vary widely between a store, a bank and an app.
- Watch the exchange rate, not just the fee. A "no-fee" payout can hide a worse exchange rate. Ask how many pesos per dollar you will be paid.
- Choose a deposit to an account. Receiving into a bank account or digital wallet avoids carrying cash and usually cuts costs.
- Keep your ID and the transfer reference number; without them the payout is delayed.
For questions about improper charges or to file a complaint against a money-transfer company, Condusef offers free help at 55 5340 0999 and on its website, and Profeco takes reports at 55 5568 8722.
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