Dianamo
Nomad
Posts: 182
Registered: 12-27-2005
Location: SF Bay Area, CA when not in El Cardonal
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Mood: ...still in Baja
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Which Mexican bank is owned by BofA
Bank of American either owes all or much of a Mexican bank. Will you let me know which one it is?
Thanks,
DianaMo
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JZ
Select Nomad
Posts: 10545
Registered: 10-3-2003
Member Is Online
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Banco Santander Serfin
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Packoderm
Super Nomad
Posts: 2116
Registered: 11-7-2002
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"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
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Gypsy Jan
Ultra Nomad
Posts: 4275
Registered: 1-27-2004
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Mood: Depends on which way the wind is blowing
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Banco Serfin
Here's a link to the parent company:
http://www.gruposantander.com/pagina/indice/0,,787_3_2,00.ht...
“Travel is fatal to prejudice, bigotry, and narrow mindedness.”
—Mark Twain
\"La vida es dura, el corazon es puro, y cantamos hasta la madrugada.” (Life is hard, the heart is pure and we sing until dawn.)
—Kirsty MacColl, Mambo de la Luna
\"Alea iacta est.\"
—Julius Caesar
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Gypsy Jan
Ultra Nomad
Posts: 4275
Registered: 1-27-2004
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Mood: Depends on which way the wind is blowing
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Most American financial institutions
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.
“Travel is fatal to prejudice, bigotry, and narrow mindedness.”
—Mark Twain
\"La vida es dura, el corazon es puro, y cantamos hasta la madrugada.” (Life is hard, the heart is pure and we sing until dawn.)
—Kirsty MacColl, Mambo de la Luna
\"Alea iacta est.\"
—Julius Caesar
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cathart
Junior Nomad
Posts: 94
Registered: 9-8-2005
Member Is Offline
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Which Mexican bank is owned by BofA
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.
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Hook
Elite Nomad
Posts: 9010
Registered: 3-13-2004
Location: Sonora
Member Is Offline
Mood: Inquisitive
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Isn't Scotia Bank, HSBC??
If so, that would explain it.
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mrchuck
Junior Nomad
Posts: 82
Registered: 11-6-2002
Location: Gun Barrel City, TX
Member Is Offline
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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]
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