Directo a México
You can simplify your cross-border transactions with Southeast Corporate's Directo a México program. Directo a México provides your credit union with a flexible, user-friendly and low-cost solution for originating cross-border transactions to Mexico. This allows you to offer your members a secure, fast, low-cost and convenient way to remit funds to Mexico. For your members it is an affordable alternative to costly money transfer organizations. For your credit union it is an opportunity to grow business by tapping into the growing cross border remittance market.
Southeast Corporate's APEX ACH Service is a convenient vehicle for executing ACH transfers with Directo a México. APEX supplies you with the International ACH file format requirements provided by the Federal Reserve Bank and NACHA. In addition, APEX satisfies your ACH Operator and Originating Gateway Operator (OGO) International ACH format testing requirements.
Your members benefit because receivers get more pesos for every dollar sent. The wholesale foreign exchange rate is applied to every payment, regardless of amount. The Directo a México exchange rate can benefit all parties to the transfer, especially receivers in Mexico. Compared to the foreign exchange rates in a recent study, the Directo a México rate would have resulted in the transfer beneficiary receiving an additional 55 pesos (approximately $5 USD) on a $350 USD payment. Plus the funds are available in the receiving account in Mexico on the next banking day.
We'll help you reach your members by providing you with customizable, Spanish-language marketing materials. Southeast Corporate will also customize the materials for you, for free, and send you print-ready files to take to your local printer. Marketing materials include:
Marketing Tool Kit
