How to open a bank account in Mexico?My grandma lives in Mexico and I am living in the US. I have recently started visiting my grandmother frequently and was wondering what I need to open a bank account in Mexico. I'm not going to be working in Mexico at all so I don't think I can apply for an FM2 or FM3, which seems to be required.... |
You don't need a bank account in Mexico if you are only visiting your grandmother. I have an ATM card from my little rural U.S. bank and I have an ATM card from my PayPal account... and both work just fine in Banamex ATM machines from Tamaulipas to Yucatan - and in restaurants, etc. too.
Its pretty cool. Put your card in the ATM machine on the U.S. side and see your balance in dollars. Go across the border and put your card in the ATM machine and see your balance in pesos. Take out as many pesos as you think you'll need.
I usually go to the ATM machine just twice a month to avoid the little fee they charge. Not to worry about that fee. Its FAR less than the money changers will cheat you out of. So stick with the ATM machines. ...and don't fall for that "we take U.S. dollars"... right... ten to one conversion. No thanks! Use your own ATM card to get pesos out of your own account.
You cannot open a bank account in Mexico without having one of the residence visas and proof of a local domicile. However, you do not need a bank account in Mexico. Open an account in either a Citibank or Bank of America in the U.S. Banamex is a partner of Citibank in Mexico, and Santander is a partner of Bank of America. All you need is to have an ATM card and you can use it in both countries. Need to call the number on the card and let them know you frequently travel to Mexico, so they will know and not put a hold on the card. Most Americans here do their banking this way.
Obama's next plan is to open our southern borders to more criminal violence. His immigration plans will open doors to more immoral illegal aliens. Mexicans launder drug money in their numerous casinos, found in all major cities, cock-fights, bullfighting arenas and fairs. It's big business in Mexico.
