Dianamo - 1-16-2006 at 02:12 PM
Bank of American either owes all or much of a Mexican bank. Will you let me know which one it is?
Thanks,
DianaMo
JZ - 1-16-2006 at 02:35 PM
Banco Santander Serfin
Packoderm - 1-16-2006 at 07:28 PM
"Citibank, Bank of America, and Wells Fargo have all bought into or established a relationship with a Mexican bank: Citibank owns Banamex, Bank of
America has an ownership stake in Santander-Serfin, and Wells Fargo has alliances with Bancomer and HSBC Mexico."
http://makeashorterlink.com/?Y20B52A7C
Banco Serfin
Gypsy Jan - 1-16-2006 at 07:28 PM
Here's a link to the parent company:
http://www.gruposantander.com/pagina/indice/0,,787_3_2,00.ht...
Most American financial institutions
Gypsy Jan - 1-16-2006 at 07:42 PM
have developed a corresponding relationship with Mexico since the regulatory rules were relaxed in the last few years.
To the best of my knowledge, BoA does not have a controlling interest in any Mexican bank.
HSBC bought control of Banco Bital, BoA has a "corresponding interest"
BoA has a "corresponding interest" in Santander Serfin and probably other Mexican banks.
Which Mexican bank is owned by BofA
cathart - 1-16-2006 at 10:54 PM
Actually, I use Scotia Bank, because they don't charge any fees to withdraw money in Baja. I have a B of A account, and I never see an additional
charge when I have made a withdrawal.
Isn't Scotia Bank, HSBC??
Hook - 1-17-2006 at 10:09 AM
If so, that would explain it.
mrchuck - 1-17-2006 at 10:06 PM
B of A has ownership in 2 banks. Scotia Inverlat and Santander Serfin.
Only these two.
There is NO B of A charge for using your B of A atm card in Mexico, at these 2 banks.
Works wonderfully, and saves me lots of fees.
Saludos,,,,mc
[Edited on 1-18-2006 by mrchuck]