´ó¿§¸£ÀûÓ°Ôº

Launia Tate Sullivan wrote:

I am not sure about the fees.  I have only used Bancomer for ten years, in Chetumal, Quintana Roo.
We have two accounts and can easily from our accounts at Bank of America in Houston, transfer money every month.  The online process with BA is super easy and it takes 2 days approx to reach our accounts here.

You might want to check out xoom(dot)com. I transfer from BofA to HSBC in 2 hours. It costs 4.99 usd for the transfer and the rate is better than a wire.

Troy greer wrote:

Going to start building a home late this summer in Jalisco and was pondering should I take 1/2 the construction costs from my US bank and send to my Mexico bank while the dollar is strong or should I just transfer small amounts as needed.?

at 18.31 this morning, I would be buying pesos. They won't go bad lying dormant in the Mexican bank.

Troy greer wrote:

Awesome thanks my friend good answer! Only one concern. My wife's brother a a Mexican who lives in Mexico and he says don't put a lot of money in your Mexican account because the Mexico will tax this money. Is this true?? Sounds crazy to me.

They used to do this a few years ago, but not any more.

joaquinx wrote:

Passport, RT or RP visa, CFE bill (for your address), maybe your RFC and CURP cards. The last two depends on the bank.Your CURP is on your visa. You will have to fill out an IRS form W-9. That is for the bank to report to the IRS when you have more than 10,000 usd in your account at any one time. Deposit a couple thousand pesos Maybe 4 or 5 thousand. Ask what the minimum balance you need to avoid monthly service charges. Normal checking account without checks and with a debit card is rather standard.

Thanks Joaquin. It was my understanding that prior to or about the same time as the closing I need to open a bank account. At this time I don't have either a RT or RP. Since the house is not in my name I won't have a CFE indicating that. Perhaps I have the cart before the horse? (Reminds me of the armed services commercial that used to play on TV in the 70's..."They say no experience, no job. How do I get experience if they won't give me a job?"

gstuartw wrote:

Thank you Felipe. I'm curious as to the fee's you incur with two accounts. Is there a minimum number of Pesos you keep to avoid fees? What about ATM's, do they have them?

Yes, there is a minimum you have to keep to avoiding fee. You have to ask and it depends on the type of account you open. There are ATMs for the major banks everywhere. It is safe to only use those at banks and supermarkets as they are constantly in use and unlikely tampered with.