{"id":9351,"date":"2014-11-04T17:40:02","date_gmt":"2014-11-04T23:40:02","guid":{"rendered":"https:\/\/www.topmexicorealestate.com\/temp-blog\/?p=9351"},"modified":"2017-01-16T05:17:21","modified_gmt":"2017-01-16T11:17:21","slug":"banking-for-foreigners-in-the-riviera-maya-my-personal-journey","status":"publish","type":"post","link":"https:\/\/www.topmexicorealestate.com\/blog\/2014\/11\/banking-for-foreigners-in-the-riviera-maya-my-personal-journey\/","title":{"rendered":"Banking for Foreigners in the Riviera Maya: My Personal Journey"},"content":{"rendered":"

When we originally arrived to Playa del Carmen a few years ago, we did not have a bank account in Mexico. We would use our debit cards in the shopping mall and hit the ATM to get cash to pay for most of our expenses. Since the limit for ATM withdrawals in Mexico is around $500 USD per day, we had to do several trips to the ATM to get the cash for big expenses such as the mortgage or our car insurance.<\/p>\n

After a month or two of using this method, we finally decided to open a bank account in Mexico and transfer money from our US Bank to our Mexican bank using PayPal, which we used successfully until we got jobs in Mexico and were able to close our accounts in the US.<\/p>\n

So far we have used two banks in the area, here is some of our impressions of the services available to foreigners in the Riviera Maya. We are not experts in finance, we are talking from the customer service point of view, hoping this might help you to find the right bank for you.<\/p>\n

Banking for Foreigners in the Riviera Maya: BBVA Bancomer Preferred Customers’ Unit (PCU)<\/strong><\/p>\n

\"<\/a><\/p>\n

BBVA Bancomer PCU<\/p>\n

Email: customer.service@bbva.bancomer.com<\/p>\n

Website: Bancomer.com<\/p>\n

Toll-free: 01 800 BBVA PCU (01 800 2282 728)<\/p>\n

There are several offices, one is located in the outside of Centro Maya in Playa del Carmen<\/a>, and there are also two branches on Juarez avenue.<\/em><\/p>\n

This was our first bank in Mexico, we were attracted by the specialized offices with English speaking executives, ready to help us with our banking in Mexico. In theory this is a fantastic service, considering the amount of foreigners that live in the area and our willingness to have all our services in the same bank. Here is a list of pros and cons.<\/p>\n\n\n\n\n
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BANCOMER PROS<\/h2>\n<\/td>\n

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BANCOMER CONS<\/h2>\n<\/td>\n<\/tr>\n

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  • Bancomer is one of the biggest banks in Mexico, branches and ATM\u00e2\u20ac\u2122s can be found all over Mexico.<\/li>\n
  • PCU offices with English speaking staff and special services for foreigners.<\/li>\n
  • It is possible to make deposits, pay your credit cards at Chedraui and Oxxo.<\/li>\n
  • It is possible to get Cash Back in most of the local supermarkets.<\/li>\n
  • You can have all of your banking services with the same company: bank accounts, credit cards, insurance, mortgages, Fideicomiso, etc.<\/li>\n
  • Banking services are available online, on the phone and on their internet app; however all of these services are in Spanish only.<\/li>\n<\/ul>\n<\/td>\n
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