Mexico

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

SLA payment confirmation	Real Time 24/7 - SPEI T+1 cut off 5PM (UTC-6) - TEF
Minimum transaction amount	1.00 MXN
Maximum transaction amount	1,000,000,000.00 MXN
Local Account format	Name: CLABE Length: 18 digits Type: numeric Example: 014123456789012345
Clearinghouse	SPEI TEF
Beneficiary Type	Local and Foreign Residents
Virtual Account creation model	Online Individual Online Batch Offline

Country-Specific Account Details

In Mexico, local bank transfers in Mexican Pesos (MXN) are primarily handled via SPEI (Sistema de Pagos Electrónicos Interbancarios). SPEI is the Bank of Mexico's real-time payment system that enables electronic transfers between different banks in seconds. The key identifier for these transfers is the CLABE. There's also TEF (Transferencia Electrónica de Fondos), an older transfer method.

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.

Account 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

TEF (Transferencia Electrónica de Fondos)

TEF is an older and less common bank transfer method today compared to SPEI. Unlike SPEI, which is instant, TEF transfers usually take up to 24 business hours to reflect, especially if the transfer is between different banks. For a TEF transfer, similar data to SPEI is required.

Make transfers to virtual accounts

Once your virtual account is set up, you can transfer to it by following the steps below: