BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: Bank law charging 2% for accounts over 25,000 pesos
elfbrewery
Nomad
**




Posts: 340
Registered: 12-25-2006
Member Is Offline


[*] posted on 3-3-2009 at 12:55 PM
Bank law charging 2% for accounts over 25,000 pesos


Has anyone other than my amigo been hit with a 2% charge for depositing more than 25,000pesos in his accounts (and that is combined accounts!)? He told me that
--there is a new Mexican law for the banks, and it was effective 1/1/09. Any CASH funds deposited over $25,000 pesos is fined 2% by the Mexican government. But to understand it further, it's account-holder for ALL accounts at that bank. --
View user's profile
shari
Select Nomad
*******


Avatar


Posts: 13048
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline

Mood: there is no reality except the one contained within us "Herman Hesse"

[*] posted on 3-3-2009 at 01:06 PM


yes, this has been around for a bit now and all we do is deposit a bit less...silly tax for sure...i can understand taxing huge deposits but these small deposits seems strange.



for info & pics of our little paradise & whale watching info
http://www.bahiaasuncion.com/
https://www.whalemagictours.com/
View user's profile Visit user's homepage
bajajudy
Elite Nomad
******


Avatar


Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
Member Is Offline


[*] posted on 3-3-2009 at 01:21 PM


This is one of those things that makes you scratch your head in wonder.
For years the Mexican government has been trying to change the habits of the people regarding banks. Now when people are getting used to banks they add this silly surcharge and discourage people from using them.
DUH?
My guess is that it has something to do with tracking drug money. But I seriously doubt this will have any effect on the cartels.




View user's profile
Fred-o
Junior Nomad
*




Posts: 84
Registered: 7-6-2008
Location: Punta Banda
Member Is Offline


[*] posted on 3-3-2009 at 01:32 PM


I opened an account with Scotiabank, and the same rules applied, thank God. They would only allow me to put in 2,000 USD without the penalty, so that's what I did.

Opening a checking account was like buying a home before "deregulation" in the states. I've never seen so much paperwork. I even had to draw them a map to my home in Punta Banda.

Then, as I watched my peso checking account being devalued on a daily basis, I was grateful that they did not let me open the account for the amount I had intended. I think there is about 2 bucks left in the account now. I could not get it out fast enough.

I'll get my pesos at the ATM from my US account, like everyone else, thank you very much.
View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262