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geraldalexander7
Nomad
Posts: 100
Registered: 5-3-2017
Location: La Paz-Winter/California-Summer
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Do you have a Mexican bank account?
How do you get money from an an account in USA to your account in Mexico?
I live in La Paz and will shortly open a Mex bank account. Any bank you can recommend? I was thinking of Citibanamex or Azteca.
Thanks
Gerald
Facebook.com/Gerald Beltran
Casas & Condos for rent in La Paz...$100US per/month.....Daily & weekly rates also.
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bajafreaks
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Posts: 404
Registered: 3-27-2007
Location: Gardnerville, NV./ Los Barriles BCS
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Mood: No Bad Days !!!
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We have an account with Intercam and they have been fine.
When we come to town I write a personal check to my self (deposit) from my bank in the states take it to Intercam and within a few hours that money is
deposited into my Mexican account. Very easy
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SFandH
Elite Nomad
Posts: 7084
Registered: 8-5-2011
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Go to your US bank's website and find the money transfer section. You'll have a choice of domestic or international transfers. Select international
and enter the required info for the Mexican bank account and make the transfer. I just did that yesterday from my Bank of America account to a BBVA
(Bancomer) account. I also used wise.com several days ago to transfer funds.
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pacificobob
Super Nomad
Posts: 2308
Registered: 4-23-2006
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Both dollar and peso accounts. I write US checks to myself and deposit them in Mexican account. (Limeted to 2 $500 checks@day)
Works well for us. If paying large sums [construction,ect] I'll do a wire transfer.
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bajabrant
Junior Nomad
Posts: 40
Registered: 10-3-2010
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check out xe transfer to fund your mx bank acct. great rate, fast, cheap
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JDCanuck
Super Nomad
Posts: 1670
Registered: 2-22-2020
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Thats our preferred transfer agent as well into the Intercam Mexican account. No fees either from sending bank, or Intercam in Mexico. Exchange rates
very very low if converting CAD to Pesos. Draw the money fee free in Pesos at any Scotiabank ATM machine.
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Tommy A
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Posts: 221
Registered: 5-19-2004
Location: Manhattan Beach, Ca
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Mood: Relaxed
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What documentation do you need to open a Mexican bank account?
Thx
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4x4abc
Ultra Nomad
Posts: 4290
Registered: 4-24-2009
Location: La Paz, BCS
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Mood: happy - always
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in general you need permanent residency.
I f you have enough money to deposit - they might do it with your passport.
However, the new RFC regulations may have closed that door.
Harald Pietschmann
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SFandH
Elite Nomad
Posts: 7084
Registered: 8-5-2011
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You can get an account with temp residency. Temp residency comes with a CURP.
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AKgringo
Elite Nomad
Posts: 6029
Registered: 9-20-2014
Location: Anchorage, AK (no mas!)
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In the early 80s, my dad was able to open a Peso savings account in Mexico. He was attracted to the Mexican bank by the much higher interest being
paid in relation to his US accounts.
Then came the Peso crash in 1986, which took the principal down to just a fraction of the original deposit!
If you are not living on the edge, you are taking up too much space!
"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
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JDCanuck
Super Nomad
Posts: 1670
Registered: 2-22-2020
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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.
[Edited on 6-12-2022 by JDCanuck]
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surabi
Ultra Nomad
Posts: 4939
Registered: 5-6-2016
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"Why it is so difficult is beyond me..."
I don't understand what you found "so difficult". That you could open a bank account as a tourist at all seems like something you should appreciate.
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JDCanuck
Super Nomad
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Registered: 2-22-2020
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Well, the only reason I needed a bank account was to pay my property taxes and utilities and transfer other funds from my Canadian accounts into
Mexico. If they would take my money without a Mexico Bank as intermediary, I would be even more pleased as I could avoid a whole lot of extra trouble.
The "tourist"designation is theirs, not mine.
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JC43
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Posts: 498
Registered: 6-21-2014
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Its all about money laundering. Gringos come to MX w/ lots of cash, thinking a MX bank will take it. TtL that´s not possible. Otherwise even more
Gringos would come thinking they can purchase a part of Mexico.
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CaboMagic
Super Nomad
Posts: 1109
Registered: 4-30-2005
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Perhaps this website might be helpful:
https://www.psimonmyway.com/open-a-bank-account-in-mexico/
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4x4abc
Ultra Nomad
Posts: 4290
Registered: 4-24-2009
Location: La Paz, BCS
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Mood: happy - always
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Quote: Originally posted by JDCanuck  | | Well, the only reason I needed a bank account was to pay my property taxes and utilities and transfer other funds from my Canadian accounts into
Mexico. If they would take my money without a Mexico Bank as intermediary, I would be even more pleased as I could avoid a whole lot of extra trouble.
The "tourist"designation is theirs, not mine. |
you can pay for all of the above in cash at their offices.
Harald Pietschmann
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surabi
Ultra Nomad
Posts: 4939
Registered: 5-6-2016
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You can also pay those things online.
I'm rather bamboozled by "The 'tourist' designation is theirs, not mine". You are either a tourist or a resident. The bank doesn't decide that.
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Udo
Elite Nomad
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Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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CITIBANAMEX !
| Quote: Originally posted by geraldalexander7 | How do you get money from an an account in USA to your account in Mexico?
I live in La Paz and will shortly open a Mex bank account. Any bank you can recommend? I was thinking of Citibanamex or Azteca.
Thanks
Gerald |
Udo
Youth is wasted on the young!
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JDCanuck
Super Nomad
Posts: 1670
Registered: 2-22-2020
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Harald: Yes, we can pay our municipal taxes locally at an OXXO if we are there at least once in the 6 months they are due. The Hughesnet account tho,
is due each and every month, which would mean travelling down there once each month to do the same to keep it active. Several attempts to pay it
online using a credit card failed, and even through their assistance by phone they could not get the payments to go through and had no idea why their
system won't accept payments from Canadian issued credit cards. Every other targeted bill was accepted by the payee using Visa. With Intercam account
we can do an online transfer of funds using SPEI.
Intercam is the only bank active in Mexico we know of that you can open without having permanent residency status. Based on their homepage they are
headquartered in Puerto Rico but licensed to do banking in Mexico and operate internationaly.
[Edited on 6-15-2022 by JDCanuck]
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surabi
Ultra Nomad
Posts: 4939
Registered: 5-6-2016
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| 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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