Mexico

This table summarizes key details to help you manage your virtual account efficiently:

Property
SPEI
TEF

SLA payment confirmation

Real Time 24/7

T+1 cut off 5PM (UTC-6)

Minimum transaction amount

1.00 MXN

1.00 MXN

Maximum transaction amount

1,000,000,000.00 MXN

1,000,000,000.00 MXN

Local Account format

  • Name: CLABE

  • Length: 18 digits

  • Type: numeric

  • Example: 014123456789012345

  • Name: CLABE

  • Length: 18 digits

  • Type: numeric

  • Example: 014123456789012345

Clearinghouse

Banco de Mexico

CECOBAN

Beneficiary Type

Local and Foreign Residents

Local and Foreign Residents

Virtual Account creation model

Country-Specific Account Details

In Mexico, local bank transfers in Mexican Pesos (MXN) are conducted through two main clearing systems:

  • SPEI (Sistema de Pagos Electrónicos Interbancarios) — a real-time interbank payment system operated by Banco de México, enabling fund transfers between banks within seconds. Transactions typically settle instantly, and accounts must be identified using the standardized CLABE number.

  • TEF (Transferencia Electrónica de Fondos) — a payment method in Mexico operated by CECOBAN used for interbank transfers, where transactions are processed on the next business day. It requires the standardized CLABE account number for identification, is only available on business days according to the Mexican banking schedule, and is commonly used for payments that are not time-sensitive, such as scheduled supplier disbursements or recurring transfers where immediate settlement is not required.

CLABE (Clave Bancaria Estandarizada)

The CLABE is a unique 18-digit number that identifies any bank account in Mexico for receiving and sending interbank transfers. It's the standardized equivalent of an account number for transactions between different institutions. Every bank account has a unique CLABE.

CLABE Format

Position
Length
Description
Example

1–3

3 digits

Bank Code (assigned by Banxico)

646 (STP Bank)

4–6

3 digits

Branch Code (geographic location)

180

7–17

11 digits

Customer Account Number

15700012345

18

1 digit

Control Digit (checksum validator)

6

Make transfers to virtual accounts

To fund a Virtual Account in Mexico, customers must initiate a bank transfer from their own banking application. The exact transfer flow depends on the customer’s bank app. Depending on the options provided, the user may be able to choose between SPEI, which processes the transfer instantly, or TEF, which processes the transfer on the next business day.

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