{"id":16375,"date":"2018-06-19T09:00:14","date_gmt":"2018-06-19T14:00:14","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/blog\/?p=16375"},"modified":"2018-06-19T22:40:54","modified_gmt":"2018-06-20T03:40:54","slug":"mexican-bank-account","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2018\/06\/mexican-bank-account\/","title":{"rendered":"How to Open a Mexican Bank Account"},"content":{"rendered":"

If you are planning to make Mexico your primary or second home<\/a>, it is a good idea to have a Mexican bank account. Physically transporting larger sums of money back and forth between countries isn\u00e2\u20ac\u2122t always the smartest way to secure financial needs. Then keeping it tucked away at home can create mishaps like not having enough on you when unexpected needs arise. Some companies prefer local bankcards for payments when paying bills, as well. And withdrawing money in Mexico will always be cheaper and easier with a Mexican bank account. Having a local bank is a great way to manage your finances and keep more accurate records.<\/p>\n

Documents Required for a Mexican Bank Account<\/h3>\n

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There are a few similarities regarding policies and procedures throughout North America. Before we get into types of accounts and fees, let\u00e2\u20ac\u2122s look at the requirements to open a Mexican bank account. The first and most obvious step is to have an established address where you plan to stay for a given length of time. The minimum suggested is six months. The following are essentials that will be required by the financial institution, especially if you\u00e2\u20ac\u2122re coming from the United States or Europe.<\/p>\n

Documents needed to open a new account:<\/p>\n