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SFandH
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Quote: Originally posted by surabi  | | Quote: Originally posted by JDCanuck |
Intercam is the only bank active in Mexico we know of that you can open without having permanent residency status.
[Edited on 6-15-2022 by JDCanuck] |
That is incorrect. I know plenty of people with temporary residency status who have Mexican bank accounts in banks other than Intercam.
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Yes, the all-important CURP (Clave Única de Registro de Población) identifier comes with temp residency.
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Don Pisto
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JD why wouldn't you just get temporary residency? they can't make it any easier these days! its not gonna last forever
[Edited on 6-16-2022 by Don Pisto]
there's only two things in life but I forget what they are........
John Hiatt
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JDCanuck
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| Quote: Originally posted by Don Pisto | JD why wouldn't you just get temporary residency? they can't make it any easier these days! its not gonna last forever
[Edited on 6-16-2022 by Don Pisto] |
Hi Don Pisto: This is something we will definitely be exploring on our next trip down. Now that we have a bank account and can pay all the bills
necessary from here in Canada where we reside most of the year, the reasons to do so are declining. We have real estate and family here that we will
want to visit often, others that live in the central US, and another group that live in Baja. We will eventually choose which country will become our
future primary home of residence. My preference at this point is Baja, so we continue to move in that direction.
However, recent minimum consistent "proven" income rule changes in Mexico have elevated considerably the requirements we need to obtain Mexican
residency, so this will be the next obstacle. Unlike most recent immigrants to the Baja we do not have large stable pension incomes, but rely on
invested income that varies considerably year to year.
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Don Pisto
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| Quote: Originally posted by JDCanuck | | Quote: Originally posted by Don Pisto | JD why wouldn't you just get temporary residency? they can't make it any easier these days! its not gonna last forever
[Edited on 6-16-2022 by Don Pisto] |
Hi Don Pisto: This is something we will definitely be exploring on our next trip down. Now that we have a bank account and can pay all the bills
necessary from here in Canada where we reside most of the year, the reasons to do so are declining. We have real estate and family here that we will
want to visit often, others that live in the central US, and another group that live in Baja. We will eventually choose which country will become our
future primary home of residence. My preference at this point is Baja, so we continue to move in that direction.
However, recent minimum consistent "proven" income rule changes in Mexico have elevated considerably the requirements we need to obtain Mexican
residency, so this will be the next obstacle. Unlike most recent immigrants to the Baja we do not have large stable pension incomes, but rely on
invested income that varies considerably year to year. |
this is exactly why you need to take advantage of the INM amnesty program, no financial requirements and can all be done within mexico....google is
your friend
there's only two things in life but I forget what they are........
John Hiatt
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JDCanuck
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Seniors in Canada who exceed a certain limit of income are taxed at an effective marginal tax rate of 52% and as high as 65% including tax clawbacks
on their social security rates (OAS). We have exceeded that limit the past two years, dropping our consistent pension incomes well below the poverty
rates in Canada. This is the primary source of income the Mexican government looks at when they calculate income requirements. Exceptional capital
gains or dividend incomes are seen as unreliable sources. This is the cost to have a heavily socialist taxation system as we have in Canada, but is
not recognized as such in Mexico.
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Don Pisto
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| Quote: Originally posted by JDCanuck | | Seniors in Canada who exceed a certain limit of income are taxed at an effective marginal tax rate of 52% and as high as 65% including tax clawbacks
on their social security rates (OAS). We have exceeded that limit the past two years, dropping our consistent pension incomes well below the poverty
rates in Canada. This is the primary source of income the Mexican government looks at when they calculate income requirements. Exceptional capital
gains or dividend incomes are seen as unreliable sources. This is the cost to have a heavily socialist taxation system as we have in Canada, but is
not recognized as such in Mexico. |
are all canadians so stubborn? what part of "no financial requirements" escapes you?
there's only two things in life but I forget what they are........
John Hiatt
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JDCanuck
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Don Pisto: Yes, on my last visit a friend pointed out the temporary amnesty program to us, but as this seemed to be an ethically questionable
workaround to fully open disclosure i was reluctant to use it. I have no desire to sneak under the wire and take advantage of a program meant to
benefit others in dire circumstances.
We will instead attempt to follow the normal route to permanent residency under full disclosure.
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Don Pisto
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 yeah we wouldn't want an "ethically questionable workaround" would we?We don't
have either permanent or temporary residency and were told the only bank account we could open as regular foreign visitors would be at the Intercam
branch in La Paz which we did with the help of a relative that is a Mexican citizen. We used their address, with their utility bill and a picture of
their home showing the address. Then we used my passport and waited for 5 days for the application to be approved, deposited a 10,000 minimum pesos
deposit and had the employee aid us in setting up online access. Why it is so difficult is beyond me, but once fully set up it seems to send and
receive funds as easily as any other account we have here.
This was just done 3 weeks ago in La Paz.
so much for a "workaround"
[Edited on 6-16-2022 by Don Pisto]
there's only two things in life but I forget what they are........
John Hiatt
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SFandH
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The new BBVA accounts issue debit cards with no information on them. No name, no account number, no expiration date, and no CVV code. All that info is
available when you log in to your account, except the CVV 3-digit code, which (I think) no longer exists. PINs are still used. And there's something
new, at least to me. The BBVA phone app generates a one-time code that you need to use to log in to your account. I think the code expires quickly but
I'm not sure. I also think they are implementing facial recognition at their ATMs. A photo is taken during the account creation process.
[Edited on 6-16-2022 by SFandH]
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JDCanuck
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| Quote: Originally posted by SFandH | The new BBVA accounts issue debit cards with no information on them. No name, no account number, no expiration date, and no CVV code. All that info is
available when you log in to your account, except the CVV 3-digit code, which (I think) no longer exists. PINs are still used. And there's something
new, at least to me. The BBVA phone app generates a one-time code that you need to use to log in to your account. I think the code expires quickly but
I'm not sure. I also think they are implementing facial recognition at their ATMs. A photo is taken during the account creation process.
[Edited on 6-16-2022 by SFandH] |
This process was new to me as well, the double passing of a generated token to link to your account for online access. A bit more cumbersome than we
are used to but they tell us provides better security.
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SFandH
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| Quote: Originally posted by JDCanuck | | Quote: Originally posted by SFandH | The new BBVA accounts issue debit cards with no information on them. No name, no account number, no expiration date, and no CVV code. All that info is
available when you log in to your account, except the CVV 3-digit code, which (I think) no longer exists. PINs are still used. And there's something
new, at least to me. The BBVA phone app generates a one-time code that you need to use to log in to your account. I think the code expires quickly but
I'm not sure. I also think they are implementing facial recognition at their ATMs. A photo is taken during the account creation process.
[Edited on 6-16-2022 by SFandH] |
This process was new to me as well, the double passing of a generated token to link to your account for online access. A bit more cumbersome than we
are used to but they tell us provides better security. |
It's all fine with me except for one issue. Without the 3-digit CVV code, you can't use the card on websites that require one. Amazon for instance.
Perhaps I'm missing something?
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SFandH
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| Quote: Originally posted by SFandH | | Quote: Originally posted by JDCanuck | | Quote: Originally posted by SFandH | The new BBVA accounts issue debit cards with no information on them. No name, no account number, no expiration date, and no CVV code. All that info is
available when you log in to your account, except the CVV 3-digit code, which (I think) no longer exists. PINs are still used. And there's something
new, at least to me. The BBVA phone app generates a one-time code that you need to use to log in to your account. I think the code expires quickly but
I'm not sure. I also think they are implementing facial recognition at their ATMs. A photo is taken during the account creation process.
[Edited on 6-16-2022 by SFandH] |
This process was new to me as well, the double passing of a generated token to link to your account for online access. A bit more cumbersome than we
are used to but they tell us provides better security. |
It's all fine with me except for one issue. Without the 3-digit CVV code, you can't use the card on websites that require one. Amazon for instance.
Perhaps I'm missing something?
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I think I found the answer to the CVV issue.
https://www.bbva.com/es/pe/cvv-dinamico-en-las-tarjetas-como...
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Don Pisto
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you don't need a bank....just OXXO. can't speak for anywhere other than baja norte but up here they've just begun really pushing this, its called
SPIN and might be worth looking into, if you don't find it a "ethically questionable workaround"
https://mexicodailypost.com/2022/03/24/spin-by-oxxo-convenie...
there's only two things in life but I forget what they are........
John Hiatt
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JDCanuck
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Hi Don Pisto: As i mentioned in previous posts, in order to pay our taxes and Hughesnet bills online from CANADA, we had to open a Mexican bank
account, and then pay the bills using electronic transfer "SPEI"from those accounts using online access. Both those online sites recently refused to
accept a valid Canadian issued Visa or Mastercard card for payment. These are the very same cards we use everywhere else in Baja to pay for every item
we purchase, with never any issues.
Previously, we had to generate the bill, send it to our family in Baja and they went to an OXXO and paid them for us using a bank account we set up
in his name. The family member that previously did this for us now lives here in Canada, which made it necessary to find a method to do this
ourselves.
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surabi
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| Quote: Originally posted by JDCanuck |
Previously, we had to generate the bill, send it to our family in Baja and they went to an OXXO and paid them for us using a bank account we set up
in his name. The family member that previously did this for us now lives here in Canada, which made it necessary to find a method to do this
ourselves. |
You never had to do this. You can put money down on your CFE account and other services in advance. You probably have a good idea how much your bills
run, so you just go into a CFE office (I don't think you can pay ahead at an OXO, only the current bill) and deposit enough for 6 months worth of
bills before you leave for Canada. I do this every year when I go up to Canada for a month or two in the summer so my house sitter doesn't have to
deal with paying a bill that comes in my absence. The money in my CFE account just gets automatically applied to the bills that come.
And you are right and Don Pisto is wrong about getting residency through the amnesty programme. That was for people who have been in Mexico for a long
time illegally (overstayed their tourist visa) and was also used during the time when foreigners who were here on tourist visas were pretty much stuck
here because of Covid travel restrictions. The amnesty programme isn't just some easy way for people to get residency without applying from outside
of Mexico when they regularly spend only part of the year in Mexico like you do.
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surabi
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| Quote: Originally posted by JDCanuck | | Quote: Originally posted by Don Pisto | JD why wouldn't you just get temporary residency? they can't make it any easier these days! its not gonna last forever
[Edited on 6-16-2022 by Don Pisto] |
Hi Don Pisto: This is something we will definitely be exploring on our next trip down. |
What do you mean by exploring on your next trip down? You have to apply at a consulate in Canada, not here in Mexico. And apparently different
consulates have somewhat different requirements, so the best place to get the information is through your nearest consulate in Canada.
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Don Pisto
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| Quote: Originally posted by surabi | | Quote: Originally posted by JDCanuck |
Previously, we had to generate the bill, send it to our family in Baja and they went to an OXXO and paid them for us using a bank account we set up
in his name. The family member that previously did this for us now lives here in Canada, which made it necessary to find a method to do this
ourselves. |
You never had to do this. You can put money down on your CFE account and other services in advance. You probably have a good idea how much your bills
run, so you just go into a CFE office (I don't think you can pay ahead at an OXO, only the current bill) and deposit enough for 6 months worth of
bills before you leave for Canada. I do this every year when I go up to Canada for a month or two in the summer so my house sitter doesn't have to
deal with paying a bill that comes in my absence. The money in my CFE account just gets automatically applied to the bills that come.
And you are right and Don Pisto is wrong about getting residency through the amnesty programme. That was for people who have been in Mexico for a long
time illegally (overstayed their tourist visa) and was also used during the time when foreigners who were here on tourist visas were pretty much stuck
here because of Covid travel restrictions. The amnesty programme isn't just some easy way for people to get residency without applying from outside
of Mexico when they regularly spend only part of the year in Mexico like you do. |
Surabi, first of all let me say you have been one of the few nomads here that does her homework, knows what she's talking about and has had boots on
the ground....but you are dead 'effing wrong about the amnesty program, it's a TOTALLY LEGIT IMN program where if you have a couple expired FMM's in
the last couple of years you're eligible for a four year temporary residency ALL DONE IN MEXICO NO U.S. consulate visit and ABSOLUTELY NO FINANCIAL
REQUIREMENTS....I've got a brand spanking new one in my wallet along with a number of friends that along with hundreds of others that have taken
advantage of this program, if you've been living on FMM's for years you're foolish not to take advantage while you can. now maybe things are
different where you live on the mainland but this has been available here for a couple years and was offered same deal ten years ago, of course a lot
cheaper ......check your u2u
there's only two things in life but I forget what they are........
John Hiatt
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surabi
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Don Pisto- it really depends on where one is located. For instance, PV is no longer doing the amnesty program, and Guadalajara is administering it as
I mentioned- you have to have been in Mexico for years undocumented. If they are letting anyone do it in Baja, that's great. But your tourist visa has
to have run out, as far as I'm aware, so for JDCanuck, it probably wouldn't work- I gather he is currently in Canada- as the whole program is likely
to end soon.
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JDCanuck
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Surabi: The info that you just posted is pretty much as I understand it to be as well. I have never stayed in Baja or anywhere else in Mexico beyond
the date listed on my FMM, indeed the immigration person who checked mine last time down rewrote and extended mine way beyond the date I had a flight
booked to return just in case I was delayed.
Maybe they had been made aware of the increased use of this provision during the past couple years.
In any case, if we continue to want to obtain temporary and then permanent residency there is a known pathway for us to do so following normal
policies. It will just require patience and some additional work and expense.
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