BajaNomad - All banks in Mexico

This is happening all over as reported to me.

Well, I guess that settles it.

John

David K - 9-27-2022 at 10:36 AM

"Sadly he said yes its not the Bank its SAT."

For us non-Mexican-bank people, what is SAT?

John Harper - 9-27-2022 at 10:52 AM

Quote: Originally posted by David K

"Sadly he said yes its not the Bank its SAT."

For us non-Mexican-bank people, what is SAT?

It's the IRS of Mexico.

John

SFandH - 9-27-2022 at 11:14 AM

Here's some info.

https://konfio.mx/tips/noticias/sat-tendra-acceso-a-cuentas-...

[Edited on 9-27-2022 by SFandH]

John Harper - 9-27-2022 at 11:21 AM

Here's some info.

https://konfio.mx/tips/noticias/sat-tendra-acceso-a-cuentas-...

Sounds no different than what the IRS can do up here, Mexico is just allowing the same access for the SAT now.

John

[Edited on 9-27-2022 by John Harper]

SFandH - 9-27-2022 at 11:29 AM

Here's some info.

https://konfio.mx/tips/noticias/sat-tendra-acceso-a-cuentas-...

Sounds no different than what the IRS can do up here, Mexico is just allowing the same access for the SAT now.

John

[Edited on 9-27-2022 by John Harper]

Yes, it doesn't sound like a big deal to me. But, the OP says they want US documents implying the rules are different for foreigners than citizens, who (I think) are required to provide CURP and RFC numbers to open an account.

I'm guessing that if you have a resident visa, CURP, and RFC you're in like Flint.

Maybe someone else will chime in.

[Edited on 9-27-2022 by SFandH]

4x4abc - 9-27-2022 at 12:07 PM

the SAT rules changed Jan 1st 2022
natives and expats alike
most expats brushed it off
deadline was June 30 2022

if you filed on time you are OK now
if not, things are a lot more complicated

and that SAT or Hacienda or Mexican IRS is asking for US tax information did not grow on their tree
they are only collecting what the US IRS is demanding
so, complain to the US IRS not the MEX SAT
and it is an old Trump administration directive
not that you pin everything on Biden
but you are not listening anyway

4x4abc - 9-27-2022 at 12:12 PM

Constancia de Situación Fiscal is the paper that everyone had to generate and provide to all businesses you work with including your bank(s).
In the future one more CFE accounts, no more Telmex, no more hospital etc without your Constancia.
https://www.sat.gob.mx/aplicacion/53027/genera-tu-constancia...

bajatrailrider - 9-27-2022 at 12:43 PM

Here's some info.

https://konfio.mx/tips/noticias/sat-tendra-acceso-a-cuentas-...

Sounds no different than what the IRS can do up here, Mexico is just allowing the same access for the SAT now.

John

[Edited on 9-27-2022 by John Harper]

No its not like you say in like flint. Besides Americans Mexicans are having this problem. Im already PR Im done with this no more banking Mexico. As I stated bank Manager did say they are losing thousands of accounts. Because of this Mostly Mexican as far as if they cut my CEF I will put in Mexican name.

surabi - 9-27-2022 at 01:02 PM

:?:

the SAT rules changed Jan 1st 2022
natives and expats alike
most expats brushed it off
deadline was June 30 2022

if you filed on time you are OK now
if not, things are a lot more complicated

The deadline was extended to Jan.1st 2023.
So not sure why banks would be closing accounts now.

The OP seems to have a rather hysterical knee jerk reaction. All you need to do is have or obtain an RFC number and provide the bank (CFE, etc.) with a copy of the Constancia paper, which designates your tax status.

It's not unreasonable, IMO, for the Mexican tax dept. to want people registered and to have a tax number.

[Edited on 9-27-2022 by surabi]

JDCanuck - 9-27-2022 at 01:10 PM

Sure complicates things for those of us that have a recent CURP and bank account but have not yet been able to book an appointment to obtain the RFC. This might explain why the longer wait lists to get that RFC assignment appointment. Probably a rush of people trying to obtain them. One persson's experience:

https://www.mexicoinsider.mx/rfc-mexico-for-foreigners/

[Edited on 9-27-2022 by JDCanuck]

surabi - 9-27-2022 at 01:23 PM

Yes, the original deadline of June 30 was ill-thought out and not feasible for everyone who needed to get an RFC.
An accountant may be able to get you an appt. Mine just did today (for a different SAT matter, I already have an RFC). She found openings in my nearest SAT office in P.V. for 2 days next week and said I'd better take one, becausevit's full for the rest of Oct. and Nov. And then of course they'll be closed for a couple weeks in Dec. for Xmas holidays.

[Edited on 9-27-2022 by surabi]

JDCanuck - 9-27-2022 at 01:39 PM

I do recognize that SAT office in La Paz as we always saw long lineups and wondered why everyone was lining up. At least it's close to our favourite eateries.

SFandH - 9-27-2022 at 01:39 PM

Constancia de Situación Fiscal is the paper that everyone had to generate and provide to all businesses you work with including your bank(s).
In the future one more CFE accounts, no more Telmex, no more hospital etc without your Constancia.
https://www.sat.gob.mx/aplicacion/53027/genera-tu-constancia...

So this is in addition to Visa, CURP, and RFC requirements?

Don Pisto - 9-27-2022 at 01:53 PM

Here's some info.

https://konfio.mx/tips/noticias/sat-tendra-acceso-a-cuentas-...

Sounds no different than what the IRS can do up here, Mexico is just allowing the same access for the SAT now.

John

[Edited on 9-27-2022 by John Harper]

sure... the saying is "in like Flynn" Errol was quite the lady's man.

John Harper - 9-27-2022 at 01:57 PM

I do recognize that SAT office in La Paz as we always saw long lineups and wondered why everyone was lining up. At least it's close to our favourite eateries.

Now, that's "looking on the bright side of life!"

John

bajatrailrider - 9-27-2022 at 02:08 PM

the SAT rules changed Jan 1st 2022
natives and expats alike
most expats brushed it off
deadline was June 30 2022

if you filed on time you are OK now
if not, things are a lot more complicated

No Knee jerk there not asking for Contancia paper. Its not reasonable to ask for tax number . If you dont work here this is back firing. As all small shop owners refuse to put money in bank. They can hardly live on what money they make. Let alone go to travel to big city .

Not much better in the US

thebajarunner - 9-27-2022 at 02:20 PM

Couple weeks ago I walked into a local Wells Fargo to deposit $101 in cash into my grandson's account. He is a frosh at Texas Tech.
I put a deposit slip with a hundred dollar bill and a one dollar bill on the counter, teller looked at it and said "Sorry we don't accept cash"
HUH???
Real live American greenbucks and they are not acceptable?

Nope, if your name is not on the account they will not take a cash deposit and that is final.

Orwell was right folks..... the end is near!!

[Edited on 9-27-2022 by thebajarunner]

bajatrailrider - 9-27-2022 at 02:20 PM

Paco Facullo - 9-27-2022 at 02:27 PM

Flock Banks ! Their all Flocked….

Get “real” money, physical Gold and Silver and do away with 3rd. Party risk……

Unfortunately, all my previous metals sunk in a boating accident.😩😳😎

[Edited on 9-27-2022 by Paco Facullo]

John Harper - 9-27-2022 at 02:31 PM

Quote: Originally posted by Paco Facullo

Flock Banks ! Their all Flocked….

Get “real” money, physical Gold and Silver and do away with 3rd. Party risk……

Unfortunately, all my precious metals sunk in a boating accident.😩😳😎

Gold and silver can be adulterated, have you seen an "Assay Office" anywhere lately?

John

[Edited on 9-27-2022 by John Harper]

AKgringo - 9-27-2022 at 03:00 PM

Quote: Originally posted by Paco Facullo

Gold and silver can be adulterated, have you seen an "Assay Office" anywhere lately?

John

[Edited on 9-27-2022 by John Harper]

Tungsten is the metal of choice for adulterating gold bars. It is close enough in weight to gold that the bars won't be undersized, or under wieght after being plugged with tungsten rods.

surabi - 9-27-2022 at 03:21 PM

if they cut my CEF I will put in Mexican name.

That won't help. Mexicans also need to provide CFE with their RFC and Constancia.

surabi - 9-27-2022 at 03:23 PM

So this is in addition to Visa, CURP, and RFC requirements?

Correct. If you have an RFC and SAT password, you can download the Constancia online.

JDCanuck - 9-27-2022 at 03:50 PM

There are three days actually free at the beginning of Oct in La Paz SAT office...take em while you can. I blew one of my 2 free of consequence messed up appointments trying to follow another INCORRECT site's advice on doing this now online.

SFandH - 9-27-2022 at 04:56 PM

So this is in addition to Visa, CURP, and RFC requirements?

Correct. If you have an RFC and SAT password, you can download the Constancia online.

I saw that on the webpage but I didn't see where the SAT password comes from. :?:

surabi - 9-27-2022 at 05:35 PM

Sorry, but I'm not sure how you get a password. I've had an RFC and filed Mexican taxes for 16 years, so I got mine when I originally signed up, but the system has changed several times in those years.

You might be able to pay an accountant to get you a password and generate a Constancia, or you may have to make an appt. with SAT.

[Edited on 9-28-2022 by surabi]

bajatrailrider - 9-27-2022 at 06:29 PM

if they cut my CEF I will put in Mexican name.

That won't help. Mexicans also need to provide CFE with their RFC and Constancia.

Thats the point nextdoor has one . I cannot see them ever forcing you to have it to pay CFE. Only one I know is next door because has big store.

mtgoat666 - 9-27-2022 at 07:17 PM

Quote: Originally posted by thebajarunner

Couple weeks ago I walked into a local Wells Fargo to deposit $101 in cash into my grandson's account. He is a frosh at Texas Tech.
I put a deposit slip with a hundred dollar bill and a one dollar bill on the counter, teller looked at it and said "Sorry we don't accept cash"
HUH???
Real live American greenbucks and they are not acceptable?

Nope, if your name is not on the account they will not take a cash deposit and that is final.

Orwell was right folks..... the end is near!!

[Edited on 9-27-2022 by thebajarunner]

Use Venmo to send money to your grandkid, it is so easy, you can do it on our phone in 20 seconds, you can do it while sitting on your couch watching TV, you can do while sitting on the toilet.

surabi - 9-27-2022 at 07:18 PM

I see. So you are going to ask your Mexican neighbors to put your CFE bill into their name because you don't feel you should have to comply with the laws and regulations of the country you chose to live in? And you are assuming they will be okay with that?

Putting the bill into someone else's name will likely come back to bite you, since CFE bills are used so much in Mexico to prove your address. For instance, if you ever want to sell the property, your capital gains tax may be higher because you won't have a CFE bill in your name establishing that it is your primary residence.

And yes, CFE will close accounts if you don't provide them with an RFC and Constancia.

You don't seem to understand that this is not their requirement- it is the Mexican tax dept. that is requiring them to do this. Just as they are requiring the banks to do it.
It's no more fun for CFE to have to do all this extra paperwork than it is for everyone to have to get an RFC number and Constancia. They don't have a choice in the matter.

[Edited on 9-28-2022 by surabi]

[Edited on 9-28-2022 by surabi]

[Edited on 9-28-2022 by surabi]

Paco Facullo - 9-28-2022 at 07:00 AM

[
[/rquote]

Gold and silver can be adulterated, have you seen an "Assay Office" anywhere lately?

As long as you deal with reputable sources or buy like junk silver, you’re chance of fakes are extremely minimal, almost nonexistent ….

bajatrailrider - 9-28-2022 at 09:00 AM

I see. So you are going to ask your Mexican neighbors to put your CFE bill into their name because you don't feel you should have to comply with the laws and regulations of the country you chose to live in? And you are assuming they will be okay with that?

Putting the bill into someone else's name will likely come back to bite you, since CFE bills are used so much in Mexico to prove your address. For instance, if you ever want to sell the property, your capital gains tax may be higher because you won't have a CFE bill in your name establishing that it is your primary residence. I do understand total Im a free man anything and everything I do . Is my choice not yours Law and regs are only my choice not yours . We have had our disagreements before . So dont start now I make my choice what I do not you. So far everything I do works for me . I can tell you this It maybe possible for a Mexican book keeper . To do this on line pay him to do it. Then I will consider it to travel to another city to deal . With Mexican politics wait all day there. Could be my choice not deal with it at this time. In a country that sadly has no law I dont worry about other small things.So you worry but never tell me what to do.

And yes, CFE will close accounts if you don't provide them with an RFC and Constancia.

You don't seem to understand that this is not their requirement- it is the Mexican tax dept. that is requiring them to do this. Just as they are requiring the banks to do it.
It's no more fun for CFE to have to do all this extra paperwork than it is for everyone to have to get an RFC number and Constancia. They don't have a choice in the matter.

[Edited on 9-28-2022 by surabi]

[Edited on 9-28-2022 by surabi]

[Edited on 9-28-2022 by surabi]

surabi - 9-28-2022 at 12:49 PM

"tell you this It maybe possible for a Mexican book keeper . To do this on line pay him to do it. Then I will consider it to travel to another city to deal . With Mexican politics wait all day there"

Have no idea what you are talking about, as usual much of what you post is gobbledigook lacking punctuation and coherent sentences.

Travelling to another city to try to get out of having an RFC number makes no sense. It's federal law having nothing to do with local politics. And CFE is a federal entity.

[Edited on 9-28-2022 by surabi]

pacificobob - 9-28-2022 at 01:08 PM

"tell you this It maybe possible for a Mexican book keeper . To do this on line pay him to do it. Then I will consider it to travel to another city to deal . With Mexican politics wait all day there"

Have no idea what you are talking about, as usual much of what you post is gobbledigook lacking punctuation and coherent sentences.

Travelling to another city to try to get out of having an RFC number makes no sense. It's federal law having nothing to do with local politics. And CFE is a federal entity.

[Edited on 9-28-2022 by surabi]

Is it possible English is not a language he is comfortable with? Or somehow impaired?

John Harper - 9-28-2022 at 01:24 PM

Quote: Originally posted by pacificobob

Is it possible English is not a language he is comfortable with? Or somehow impaired?

Perhaps he's using a Motorola StarTAC? It's tough texting with them.

John

JDCanuck - 9-28-2022 at 02:21 PM

Well, I would be a bit worried about CFE cutting off my power because my bank froze my funds as well. Fortunately my power is solar. Only thing I would have difficulty paying for banking reasons is my internet, and it's hardly a necessity.
I don't know exactly where you are located Bajatrailrider, but the SAT office at La Paz has 3 days early in Oct with openings for appointments to apply if you have all the necessary documents lined up last I looked.

[Edited on 9-28-2022 by JDCanuck]

SFandH - 9-28-2022 at 04:06 PM

......because my bank froze my funds as well.

Huh? Do you have money in a Mexican bank that you can't withdraw? What gives?

JDCanuck - 9-28-2022 at 04:18 PM

......because my bank froze my funds as well.

Huh? Do you have money in a Mexican bank that you can't withdraw? What gives?

No, no, I am commiserating with what Bajatrailrider posted and said "I would be...... ". My bank has not frozen my funds yet and I am also in the process of obtaining the RFC number ASAP.

bajatrailrider - 9-28-2022 at 05:00 PM

[Edited on 9-28-2022 by surabi]

surabi - 9-28-2022 at 07:36 PM

You should learn how to quote a post and respond to it. You don't put your responses into the quote. You quote the post and then respond after it.

And pickers earning 80 bucks a week likely don't do things or deal with entities they will need to provide their RFC to. If you live the lifestyle of a Mexican tomato picker, you probably won't either.

bajatrailrider - 9-29-2022 at 09:55 AM

Im not married my Mex gal does not have tax reg number nor anybody she knows. have talked to every friend I know living here. We are talking thousands none have this tax reg number. Except guy nextdoor. Like I said if a book keeper can do it on line. I may do it if not Im done with Mex banks anyway.

surabi - 9-29-2022 at 09:59 AM

Not a bookkeeper, an accountant. Those aren't the same thing.

John Harper - 9-29-2022 at 11:44 AM

None of these "thousands" have ever paid taxes?

Sounds like Conservative Nirvana.

John

surabi - 9-29-2022 at 12:25 PM

None of these "thousands" have ever paid taxes?

Sounds like Conservative Nirvana.

John

And this is exactly why SAT is requiring all residents, be they foreigners or Mexican, to have RFC numbers. You can't run a country well, and provide roads, water, and other infrastructure if people aren't paying taxes.

[Edited on 9-29-2022 by surabi]

John Harper - 9-29-2022 at 12:45 PM

None of these "thousands" have ever paid taxes?

Sounds like Conservative Nirvana.

John

But, but......KANSAS????

John

surabi - 9-29-2022 at 12:56 PM

It doesn't really matter what country people are from or live in, if one doesn't want to be part of the "system", put their money under the mattress instead of in a bank, be self-sufficient, not rely on public utilities and services, don't expect the fire dept. to show up if their house catches fire, etc, there is always that option.

But most people depend on a certain level of infrastructure that they themselves didn't build. The money has to come from somewhere, hence taxes.

And most countries have tax exemptions for low-income people. A Mexican laborer who earns 200 pesos for 8 hours work and has dependents is not going to have to pay taxes even if they have an RFC and file declarations. And if they are being paid slave wages, under mandated minimum wage law, they should report the employer. Mexican labor law heavily supports the worker.

[Edited on 9-29-2022 by surabi]

[Edited on 9-29-2022 by surabi]

bajatrailrider - 9-29-2022 at 01:28 PM

Himm your so full of BS marooon of the year . Mexican Labor Law Heavily Supports Workers . You sir are out of your mind. Yes its ok pay the worker 10 bucks a day. You need to back off get real as you support this. Slave labor is 200 pesos pay tax or no tax. None can live like that.

surabi - 9-29-2022 at 03:30 PM

Himm your so full of BS marooon of the year . Mexican Labor Law Heavily Supports Workers . You sir are out of your mind. Yes its ok pay the worker 10 bucks a day. You need to back off get real as you support this. Slave labor is 200 pesos pay tax or no tax. None can live like that.

You are obviously unfamiliar with Mexican labor law, which mandates things like severance pay, xmas bonuses and vacation pay. If a Mexican employee goes to the labor relations board to report employers violating these laws, the worker almost always wins.

And if you think I was advocating someone getting paid 200 pesos for a day's work, you have a reading comprehension problem. I said that someone low income like that would not be required to pay any taxes, even if they reported their earnings to SAT. Anyone I hire to work gets around 100 pesos/hr. and my only steady employee, the gal who cleans for me, gets her proper xmas bonus and vacation pay every year.

pacificobob - 9-30-2022 at 01:01 AM

Perhaps some that mattress money could be spent on English grammar and punctuation classes. Or a higher quality motorcycle helmet.

[Edited on 9-30-2022 by pacificobob]

BajaBlanca - 9-30-2022 at 04:07 AM

My Mexican bank just changed quite a few rules. They are going to charge me for withdrawals now, I just hate that.

surabi - 9-30-2022 at 08:01 AM

Quote: Originally posted by lencho

...my only steady employee, the gal who cleans for me, gets her proper xmas bonus and vacation pay every year.

Do you have her registered with the IMSS?

I've always been a little uncertain about that for part-time domestic help who serve multiple employers (at what point are they independent contractors?), but in most cases I believe it is required...

No. I don't know the exact parameters of that, but she only works for me once every 2 weeks for 4 hrs, she's not anything like a full time employee. And I know she and her family already have some kind of medical insurance.

What I found when I was building my house years ago is that my crew didn't want to be signed up for the socio- they said that if they got sick and needed to take time off work, they doubted they would ever see payment for that or medical bills. They preferred that I just reimburse them in such a case. And they didn't take advantage of that at all. I think I paid out something like $150 between 6 guys over 6 months to cover doctor visits, sick days, and needed medication.
I also think they don't want to come to the govt's. attention, as I'm sure they weren't declaring their income.

I will say I was just praying that none of them fell off a ladder and broke their back.

But I had them sign receipts for anything I paid them.

[Edited on 9-30-2022 by surabi]

bajatrailrider - 9-30-2022 at 08:24 AM

Any and all People think sat and all services offered to them is a joke . These are not my words as cost of living now in Mexico . They are not able to make ends meet. So they do what they can to survive sadly you dont get it. Whats there problem ? Mexico allows 200 peos a day for work . Do you think the Mexican has wife 3 kids? Thinks thank you sat I dont have to pay taxes. So keep thinking all is well as you know nothing. Maybe your paying 200 pesos to workers also?

surabi - 9-30-2022 at 08:35 AM

Any and all People think sat and all services offered to them is a joke . These are not my words as cost of living now in Mexico . They are not able to make ends meet. So they do what they can to survive sadly you dont get it. Whats there problem ? Mexico allows 200 peos a day for work . Do you think the Mexican has wife 3 kids? Thinks thank you sat I dont have to pay taxes. So keep thinking all is well as you know nothing. Maybe your paying 200 pesos to workers also?

To whom are you directing your comments? If they are to me, apparently you don't actually read anything that is written, you just cherry-pick the parts you want to denigrate. I already said I pay anyone who works for me 100 pesos an hour, not 200 pesos a day. I also pay steady employees their mandated Xmas bonus and vacation pay. Do you?

bajatrailrider - 9-30-2022 at 09:00 AM

Mexican labor law is no concern of mine I dont work here. If all the people I know pays taxes is also no concern of mine. I can say all Americans I know live here. Do not work in Mexico. Not my words but Mexican people feel . There is no law in Mexico All levels in Mexico not for people. Inc. Sat and all the BS you bring up

surabi - 9-30-2022 at 09:22 AM

Mexican labor law is no concern of mine I dont work here. If all the people I know pays taxes is also no concern of mine. I can say all Americans I know live here. Do not work in Mexico. Not my words but Mexican people feel . There is no law in Mexico All levels in Mexico not for people. Inc. Sat and all the BS you bring up

Mexican labor law should be a concern of anyone who hires someone to work for them. So I am assuming you never hire anyone and do any work you need done yourself.

surabi - 9-30-2022 at 02:56 PM

Any and all People think sat and all services offered to them is a joke .

Really? You know "all" Mexicans. That's 129 million people. Quite an accomplishment, I must say, polling the opinions of that many people. Your statement is what is a joke.

You should get out of the boonies sometime and meet some other Mexicans. You know, ones with some education, who realize a country needs money, in the form of taxes, to function.

John Harper - 9-30-2022 at 05:08 PM

Lots of people in Florida vote for the party that "hates government."

Now they desperately need the government. I'm glad it's there for them.

John

[Edited on 10-1-2022 by John Harper]

John Harper - 9-30-2022 at 05:11 PM

Really? You know "all" Mexicans. That's 129 million people.

OMG, can you imagine his Christmas card expenses?

John

Udo - 10-1-2022 at 08:50 AM

I was done 12 years ago! They were always questioning my deposits and withdrawals.

Quote: Originally posted by Don Pisto

"So Im done with banks here."

yep!

JDCanuck - 10-1-2022 at 09:39 AM

Quote: Originally posted by Udo

I was done 12 years ago! They were always questioning my deposits and withdrawals.

Quote: Originally posted by Don Pisto

"So Im done with banks here."

yep!

Hi Udo: Have you found an alternative to using Mexico domiciled banks to do your electronic bill paying? Seems to be the only route for us to pay Hughesnet bills electronically from up here in Canada using SPEI transfers through an Intercam account. I think the issue lies with their new payment provider not recognizing 6 digit alphanumeric Canadian postal codes. Municipal taxes this past year also had to be paid in cash pesos at an OXXO, last year they had accepted our Visa card.
With the newer tax avoidance oversite our relatives became concerned about my additional cash flowing through their accounts when they went to pay my bills at an OXXO after withdrawing it.

[Edited on 10-1-2022 by JDCanuck]

[Edited on 10-1-2022 by JDCanuck]

SFandH - 10-2-2022 at 12:57 PM

Quote: Originally posted by lencho

With the newer tax avoidance oversite our relatives became concerned about my additional cash flowing through their accounts when they went to pay my bills at an OXXO after withdrawing it.

Why not open a separate dedicated account in Canada, pass them an ATM card, and have them withdraw money from that account via a local ATM when you want them to pay bills in Mexico?

I doubt the SAT is even aware of foreigners' ATM transactions.

Bingo, that would work.

surabi - 10-2-2022 at 01:17 PM

Just make sure to only have enough money in that account to pay the bills you need paid at any given time and to keep the account open. Not because you can't trust your relatives, but in case the card gets lost or stolen.

I had my wallet stolen here in Mexico, and while an honest person found it and returned it, with all my id in it, like driver's licence, permanent residency card, etc, my two bank cards, the Bancomer and the Canadian Scotiabank card were missing. When I called Scotiabank to cancel the card, they said it had already been charged on to the tune of $800 Canadian. The theives didn't withdraw money from an ATM, they used the card to charge something online, for which they didn't require the PIN.

I eventually was reimbursed for the fraudulent charge, but it took awhile.

[Edited on 10-2-2022 by surabi]

karenintx - 10-3-2022 at 01:05 PM

If you use a mobile app you can lock & unlock your debit card with the swipe of a finger. Prevents other from stealing/using your card info.

I have all of our credit cards & debit cards set-up to send a text to my phone for every activity...charges, withdrawals & deposits. Some days I get a couple or three texts others days I do not get any...depends if I need to go to Wally-World or Costco.

JDCanuck - 10-3-2022 at 01:30 PM

The two factor scheme for almost all our Canadian financial accounts works only when sending texts to Canadian phone numbers. An issue while we are in Mexico when we are using Telcel SIMs for all our phone use. Roaming charges for our Canadian cellphone carrier is 12 dollars each day it is used for text or phone, which gets a bit expensive if you use it very often (daily). We now carry one cell phone accessing the Canadian carrier that has free incoming texts only and another using the Telcel SIM to do the token passing required by Intercam. Even then we often do not receive our verification codes until the next day.
US citizens I think can get US/Mexico plans through AT&T that are not available in Canada.

[Edited on 10-3-2022 by JDCanuck]

JDCanuck - 10-3-2022 at 01:58 PM

Lencho; That would work, altho it would be somewhat expensive for each transaction as the currency exchange of 4% or more would be added to the ATM fee where they withdraw the funds. Intercam just charges a small fee when i do the SPEI transfer myself. It also avoids having to get them to take time out of their busy days to pay my bills for me. Getting that Intercam account made everything quite a bit simpler for us.

JDCanuck - 10-3-2022 at 02:05 PM

Surabi: I once had some large charges go through on a credit card of mine even tho I had it in my possession. Visa caught it and refunded the money immediately after using their security algorithms. They suspected someone had copied all my card info when they were running it through their machine and later made these erroneous charges on it.

JDCanuck - 10-3-2022 at 06:26 PM

No T-Mobile available in Canada as far as I know Lencho. Our CRTC likes to keep Canada's communications very tightly held and controlled. Competition from outsiders is discouraged. We are stuck with Rogers, Bell or Telus and their subsidiaries. Explains why our plans cost much more than in the US and Mexico.

JDCanuck - 10-3-2022 at 07:53 PM

As I can't obtain a US plan, no in depth comparison, only what I have read in several articles claiming data is far more expensive in Canada than the US. There would be no point in spending a lot of time determining the costs of plans I could not have. I have noticed the plan in Mexico I can obtain is about 40% of the cheapest plan here limited to Canada only, and it does include Mexico, Canada and the US as a bonus. If I added to that the Starlink internet I calculate my totals would run about 60% of equivalent costs here. Mexico seems to have great deals at present for communications all round.

[Edited on 10-4-2022 by JDCanuck]

SFandH - 10-4-2022 at 07:37 AM

I googled the cost of cellular data around the world. There is a lot of information demonstrating a wide range of costs. On average, Canada is more expensive than the United States, which is more expensive than Mexico. Take a look, it's interesting.

https://www.google.com/search?q=cellular+data+cost+by+countr...

bajatrailrider - 10-5-2022 at 08:54 AM

Any and all People think sat and all services offered to them is a joke .

More bone head get a life

bajatrailrider - 10-5-2022 at 09:34 AM

Any and all Mexicans I know have removed all moneys in Mexican banks. One Mexican one American that Mexican bank blocked there money. Sued the bank both cases where settled out of court . All money returned also bank paid legal fees . In the days I have not wrote here. Any and all Mexicans I know yes and rich ones. Have long ago removed money Mexican banks. Its cash or no sales at there stores . Yes Im in small town so except many friends in big cities. Also refuse to use any Mexican again rich ones also. So over 1 week ago. I did in fact bring all documents Manager Santander bank wants. all USA tax papers 2021 SS card passport and current Cfe bill. I told him Im not in the area do not want to come here again. Then no money I need your direct phone number. He gave me his card also wrote down his Cel number. That was one week and 3 days ago calling them since last Friday. Very bad service as nobody answers phone . Out of many calls they pick up say call back in one hour. HAHA again no answer he did answer one time last Monday. Account still blocked told me call everyday. Your account any day open haha now thats bad service . Long story short I may give them end of this week to unblock account. Already give info to my Mex lawyer he said he has many cases .Same as this he told me has has never lost one case . as bank settles fast out of court . So they are not forced to pay legal fees for long time. So you guys can argue over this all you want. Never again Mexican Bank.

pacificobob - 10-5-2022 at 01:27 PM

I sure your discussion with the bank personal was as articulate and compelling as your posts here.

bajatrailrider - 10-5-2022 at 05:48 PM

Sorry Bob iIm typing on a cel phone i can see. With fingers to big for keys and a phone . That pre writes so I thought I was doing good. Have you got a problem Bob as Im only giving real info . Not the BS from many here. Tell all dont like it? :?:

surabi - 10-5-2022 at 06:43 PM

Any and all Mexicans I know have removed all moneys in Mexican banks.

Gee, that's odd. When I go to my Mexican bank, about 99% of the customers are Mexican, depositing and withdrawing money from their accounts, opening new accounts, and doing other banking business.

[Edited on 10-6-2022 by surabi]

Alm - 10-5-2022 at 11:37 PM

Our CRTC likes to keep Canada's communications very tightly held and controlled. Competition from outsiders is discouraged. We are stuck with Rogers, Bell or Telus and their subsidiaries. Explains why our plans cost much more than in the US and Mexico.

Another reason why our plans cost more is a smaller population and wast territory needed to be covered. Many towers to build, not many subscribers to charge.

There is Telcel Amigo prepay plan for 300 pesos. 4GB data, 30 days, unlimited minutes and SMS for calls within MX. There is a limit on how long you can use it outside MX. There is also a limit on calls from MX to US/CA.

[Edited on 10-6-2022 by Alm]

pacificobob - 10-6-2022 at 01:46 AM

No worries trailrider. We all make writing errors... once in a while.

SFandH - 10-6-2022 at 09:08 AM

Back to banking.

There is a new rule in Mexico that deposits over 15,000 pesos must be reported to SAT by the banks. These are cash or check deposits. Electronic transfers are not included. Perhaps the new rule is the cause of the issues people are reporting. Banks need the required info from their customers to comply with the rule.

https://businessinsider.mx/dinero-efectivo-depositar-sat_est...

[Edited on 10-6-2022 by SFandH]

surabi - 10-6-2022 at 09:15 AM

It isn't exactly "new". It has been in effect for at least since Jan. 2022.

bajatrailrider - 10-6-2022 at 11:45 AM

That is correct my well over 15,000 pesos deposit was transfer from American bank. Yes again that is why blocked my account. It is not because I do not have a Mexican tax number. So now Santander bank Should of warned all Clients of this. Second by making me go there now 3 times taking my time. Due to them not the first time asking me for CFE bill passport ss card and all income tax papers . Now forcing to call them 20 times a day do not answer phone . When they do say call back in a hour. Yesterday I did get to bank manager on my case . He quickly said I THINK ITS UNBLOCKED. The BS Im sure will be over soon . Before I sue them only good thing. I no longer wait in 2 hour or more to talk to Manager . I go directly in his office as Im sure he wants me out of there. Will update

surabi - 10-6-2022 at 11:52 AM

"Sue" a Mexican bank? That's hilarious. Banks are private institutions. They can close or deny an account to anyone they choose.

JDCanuck - 10-6-2022 at 12:01 PM

Bajatrailrider: I know how frustrating this is as we just went through it as well just to be able to pay bills for our internet. 2 weeks and 3 in person trips to La Paz, we (I think) have enough money in our account to pay for the builder's extra expenses and furniture we ordered.
So far they have actually let us transfer some of the money out to pay three partial bills but who knows? Will they continue letting us pay bills with the money we deposited? Time will tell.

This is what the bank required to open an account:
Passport, picture ID, SIN from Canada, picture of a local relatives house with address showing, CFE bill from local relative, and fingerprints of all ten digits. I really screwed it up when their cheap scanner would not read all 10 of my fingerprints, so the clerk had to get a special approval from a manager to accept my application with the 6 it could read. Approval from the bank to accept my money for deposit took 2 weeks and a further trip in to actually deposit money just before we had to fly home.

First withdrawal: Passport, picture ID, and trying to find which finger their fingerprint scanner could recognize....Wheew!

[Edited on 10-6-2022 by JDCanuck]

JDCanuck - 10-6-2022 at 12:21 PM

I think I was in the wrong profession as I don't seem to have readable fingerprints...same problem at the INM office with their scanner.

AKgringo - 10-6-2022 at 01:10 PM

I think I was in the wrong profession as I don't seem to have readable fingerprints...same problem at the INM office with their scanner.

Just show them your middle finger and say "Read this!" :mad:

JDCanuck - 10-6-2022 at 02:00 PM

One final suggestion with touchy fingerprint readers...try wiping your hand across your forehead and getting some oil on the fingers before using the scanner. It seems all this hand washing with alcohol is making our fingerprints harder to read. Worked for me.

Now...back to you on the original topic of banks in Mexico, Bajatrailrider

Alm - 10-6-2022 at 04:26 PM

Quote: Originally posted by lencho

So in general, if the majority of one's Telcel [Sin Frontera] calls originated from Mexico are to the U.S. or Canada, there might be a problem.

Or if your calls to US/CA exceed 100 minutes.

bajatrailrider - 10-7-2022 at 08:59 AM

"Sue" a Mexican bank? That's hilarious. Banks are private institutions. They can close or deny an account to anyone they choose.

Again we are not on same page. The bank cannot keep your money they can hold it . Till correct paper work yes you did not see what I wrote. One American and one Mexican that lives here. Did in fact sue the bank in both cases . The bank lawyer made a quick settlement with there lawyer . Out of court they got all there money . Plus bank paid legal fees whats not true? On another note not knowing if my card still blocked. I went to the market asked check my card . If good for 8000 peso cash advance card still blocked. I then asked see if its good for 1000 pesos not blocked for that. So the big deposit is blocked the old money not blocked .

JDCanuck - 10-7-2022 at 09:08 AM

Bajatrailrider: My accounts only allow limited funds each day to be withdrawn from ATM on my card as well, a slightly higher amount for purchases on the card. So far, they have not blocked large transfers using SPEI for goods or services. Maybe some patience on your part and this will be resolved to your satisfaction?
If they put holds on your account without informing you, of course they are in the wrong. If however, the government is behind the holds there is not much you can do. This happened to us in Canada as well, when the government suddenly put holds on thousands of accounts for political reasons and people could do nothing about it.
Maybe you can meet your immediate needs by withdrawing 1000 pesos each day and keeping the cash someplace safe until this is finally corrected? I know that's not a lot of money, but it should allow you to eat and buy some gasoline each day.

[Edited on 10-7-2022 by JDCanuck]

surabi - 10-7-2022 at 09:30 AM

"Sue" a Mexican bank? That's hilarious. Banks are private institutions. They can close or deny an account to anyone they choose.

Yes, I saw what you wrote. And you are correct, they can't keep your money.
I understand how frustrating this is for you, but I have the impression you have lived in Mexico for quite some time, so I would think you would realize that things here often take awhile to resolve, informing customers of pending actions before they are taken seldom happens, people are given incomplete lists of paperwork that needs to be presented, and phone calls and emails are not returned.

This is the lay of the land. As JCanuck mentioned, patience is needed, no point raising your blood pressure. And yes, presenting yourself in person and making a pest of yourself is usually the most effective method of moving things along.

This past week, I stood in line-ups for 4 hours just to renew my driver's license (the actual paperwork and payment took all of 10 minutes) and waited in the SAT office for 3 hours past the appt. time I had been given, along with 60 other people, for a process that took all of 5 minutes. Their systems are ridiculous and unfathomable, but we can't change them.

Getting worked up about these things accomplishes nothing- patience and persistence is required.

[Edited on 10-7-2022 by surabi]

[Edited on 10-7-2022 by surabi]

bajatrailrider - 10-7-2022 at 11:47 AM

No worries I always have cash as never without. I do know how Mex works there is only. So much more time I allow them to hold money. Then let the lawyer handle it like the others did. After 10 years with this bank. Once they shut down office in shopping center then central office. Only one left service bad yes Mexico they dont know what there doing . Of course pull all money out never again . The hours these people have taken my time . Yes could of drove to border got cash.

surabi - 10-7-2022 at 12:55 PM

The hours these people have taken my time .

Other people's wasted time is pretty obviously not something acknowledged or of concern to bureaucrats here, nor in many other places in the world.

They seem to think you have nothing better to do than wait for hours, or tell you to come back tomorrow, as if your days have nothing else scheduled, no responsibilities to attend to, and regardless as to whether it took you an hour and a half to get there and a hour and a half to get home.

[Edited on 10-7-2022 by surabi]

bajatrailrider - 10-7-2022 at 01:39 PM

Yes Ture As far as JD saying he can only take out so much per day . ATM or bank I was always able . To take 100,000 pesos or more out of bank.

Udo - 10-9-2022 at 11:30 AM

My sincerest apologies, JD! I just saw your post today 10/09/22. The only electronic bill-paying I do in Mexico is TELNOR. They use my CITI ATM to autopay my bill every month (about $25.00 USD). CFE ATMs have taken my card, but for the past year I prepaid $500 Pesos to cover any overages used. However, I don't have a CFE bill anymore because I am on solar in Ensenada. All my money withdrawals come from Mexican ATMs. CITI does not charge me any fees.