You can send Mexican Pesos (MXN) directly from your KAST account to any supported Mexican bank using KAST Pay. In this article, you’ll learn how to send MXN to a bank account, what fees and timelines apply, and what to do if your payout doesn’t arrive as expected.
How Do I Send MXN from KAST?
With KAST Pay, sending MXN is quick and simple:
| 1. Open the KAST app. | |
| 2. Go to the Pay tab. | |
| 3. Under New Payment, select Fast Payout. | |
| 4. Choose MXN as your payout currency. | |
| 5. Choose whether to transfer to your own account or to someone else. | |
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6. Enter the amount you wish to send. |
| 7. Add the recipient’s details. You can choose whether to use: CLABE, Mobile number, or Debit Card details. | |
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8. Review the details and confirm your transaction. |
Your funds are converted at the current FX rate, and you’ll see all fees and delivery times upfront before confirming your payout.
What are the Fees for MXN Payouts from KAST?
MXN payouts include a 1% FX conversion fee that is built into the exchange rate when converting stablecoins to MXN. This means the rate you see in-app already reflects the conversion cost.
What is the Minimum Amount Threshold for MXN Payouts?
The required minimum payout for MXN transfers is 10 MXN. This threshold helps ensure smooth processing and maintains consistent payout standards across supported banking networks in the Mexico.
Which Banks Can Receive MXN Payouts?
You can send MXN to local banks in Mexico that support peso-denominated transfers via SPEI, including:
Major Mexican banks (BBVA México, Banorte, Santander México, HSBC México, Scotiabank México, etc.)
Most regional and digital banks that accept MXN deposits through SPEI.
Tip: Always confirm with your recipient’s bank that their account can receive MXN transfers via SPEI before sending.
How Long Does It Take for MXN Payouts to Arrive?
MXN payouts are usually processed instantly. Transactions made after banking hours, on weekends, or during Mexican public holidays might be processed the next business day. You’ll receive a notification once the payout is complete.
Can I Send MXN to Someone Else’s Account?
Yes, you can send MXN to another person’s local bank account, provided all details are accurate. Ensure the recipient’s details are correct before confirming your payout.
What If My MXN Payout Hasn’t Arrived?
If your payout hasn’t arrived after the expected time:
If your payout hasn’t arrived after the expected time:
- Check your Transaction History in the KAST app.
- Verify your bank details for accuracy.
- Contact your bank to confirm if the transfer is pending.
- If still unresolved, reach out to KAST Concierge.
For troubleshooting, see: What Should I Do If My KAST Payout Hasn’t Arrived Yet?
Frequently Asked Questions
Do I need to complete KYC before sending MXN?
Yes. Completing KYC verification is required before using KAST Pay. This ensures compliance with local financial regulations and keeps your transactions secure.
Why does my MXN payout sometimes take longer to arrive?
Slight delays can occur if transfers are made after banking hours or during holidays. Occasionally, banks perform compliance checks on large or first-time transfers, which can add a short delay.
Can I cancel or edit an MXN payout after confirming?
No. Once confirmed, MXN payouts are immediately processed and cannot be canceled or changed. If you entered incorrect details, contact KAST Concierge as soon as possible for help.
What happens if my payout fails?
If your payout fails because of invalid or incomplete information, your funds will be returned to your KAST balance automatically once the payment is reversed. You’ll be notified once the refund is completed.
Can I send MXN from anywhere?
Yes. You can send MXN from any country supported by KAST, as long as the recipient’s bank account accepts MXN transfers. This makes it easy to receive or distribute funds across borders in local currency.