Why is using the ACH network a good way to send money to Mexico?
ACH is an extremely, low-cost payments channel and is already in place in almost every financial institution in the U.S. Thus, there are no set-up costs for most financial institutions that choose to offer the program. ACH also uses standardized formats, which make it possible for the payments to be channeled to Mexico in an automated fashion and delivered electronically to bank accounts there. The efficiencies of ACH make it possible to offer this service to financial institutions at the very low, per-item surcharge of $0.67. Of course, financial institutions add value to the payment and are expected to charge a higher, but still extremely competitive fee to customers.
