Cobre - Mexico
Cobre Overview
Cobre is the banking provider we use to facilitate domestic transfers in MXN (Mexican Peso).
CLABE
Cobre provides a CLABE for each funding account. You can use this CLABE to transfer money to your Nium funding account. Transferring money to a CLABE is the same as sending a bank transfer to a regular account number. Once Cobre receives the transfer, it will automatically be applied to your funding account. The CLABE can be retrieved from the Nium Portal by following the instructions found in the section How do I deposit money to a funding account-Prepaid
How much does Cobre cost?
Nium does not charge a fee for funding with any Bank. Your bank may charge for an outbound payment, and some bank charges may be applied by Cobre. If you do not select “Charges to be borne by sender” when you send your transfer, your funds will be credited to Nium net of any charges
Cobre transfer type
One type of payment is routed via Cobre:
- Domestic payments in MXN
Domestic MXN Transfers
This is the routing information for a Cobre Domestic MXN transfer:
| Currency | Beneficiary Name | CLABE | Notes |
|---|---|---|---|
| MXN | Nium Pte Ltd | To be retrieved from portal | For Domestic Payments |
How long will it take for transfers to be added to a funding account?
Transfers reach Cobre almost instantly, as they are routed through the local MXN clearing rails and settled directly via the beneficiary’s CLABE within Mexico’s domestic payment network.
Timescales may be impacted according to your Bank’s cut-off time.
All payments can be subject to screening which, in some instances, may cause a delay to the funds being applied
Cobre Timeframes
Once Cobre receives a transfer, it's instantly credited to your funding account. If a transfer is sent before your bank's cut-off time and is received by Cobre (even after working hours), it will be available for you to use - effectively offering a 24/7 credit reflection.
Common causes for delays
| Issue | Description |
|---|---|
| The payment was made after your bank's cut-off times | If your bank's cut-off time is at 4:00 pm and you request a payment to be sent at 4:15 pm, this payment will not leave your bank until the next processing time, which could also be the next day. Please ask your bank for their cut-off times, as these may affect your outbound payments. |
What if a Cobre transfer is delayed?
Please send an email to prefunding.solutions@nium.com with the proof of payment.