Banorte SWIFT Code: MENOMXMT

The SWIFT/BIC code for Banorte is MENOMXMT. MENO identifies the bank (from its former name Mercantil del Norte), MX stands for Mexico, and MT is the Monterrey location code. This code covers international wire transfers to Banorte accounts throughout Mexico.

Banorte (Grupo Financiero Banorte) is Mexico's largest domestically-owned bank — the only Mexican-owned bank among the country's top five. While BBVA Mexico, Citibanamex, and Santander Mexico are subsidiaries of foreign banks, Banorte remains fully Mexican-controlled with over 1,300 branches.

MXN Transfers and US-Mexico Corridor

The US-Mexico corridor is one of the world's largest remittance corridors, with over $60 billion in annual flows. Banorte handles a significant share of these transfers, particularly for commercial payments and payroll disbursements from US companies to Mexican operations.

MXN transfers to Banorte via SWIFT typically settle within 1 to 2 business days. USD wires settle same-day if received before 1:00 PM CT. Banorte's CLABE number (Clave Bancaria Estandarizada — an 18-digit Mexican bank routing number) is required alongside the SWIFT code for proper routing.

Banorte Fee Structure

Banorte charges MXN 150 to MXN 350 (approximately $8 to $20) for incoming international wires. Outgoing international transfers cost MXN 200 to MXN 500 depending on the currency and destination. The bank offers preferential rates for high-volume corporate clients.

To wire money to Banorte, you need the recipient's CLABE number (18 digits, starting with 072 for Banorte), the SWIFT code MENOMXMT, and the account holder's full name. Banorte's head office is at Av. Revolución 3000, Colonia Primavera, 64830 Monterrey, N.L., Mexico.

How Slash fits in

Slash monitors cross-border payments between the US and Mexico in real time. Wires to Banorte are logged with exchange rates and fees, giving your team visibility into the true cost of US-Mexico payment flows.

Banorte SWIFT Code: MENOMXMT