Home Mexico Forum Mexico Guide Moving to Mexico Real Estate Healthcare in Mexico
Mexico
Resources
City Guides
Cigna International Health Insurance
JoinSign In
Cigna International Health Insurance

Mexico Expat Forum

BANKING

Post New Topic
Sydney841
8/27/2019 21:45 EST

I didn't want to make my prior post have any more topics to address so...

I'm still unclear about the pros and cons of why some of you open up accounts in Mexican banks and some don't. Is it because some of you are near larger cities with ATMs and some not? What factors are involved in making the decision?

One of you told me that USAA has banking compatible with living overseas but I'm having trouble getting that confirmed.

I am also fuzzy about the actual process of how to get money when I need it.

Sydney841

Post a Reply

00abuse

GwyyneddOES
8/28/2019 01:20 EST

USAA is EXTREMELY COMPATIBLE ANYWHERE in THE WORLD! And they refund all fees of other banks.

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

hrlee7804
8/28/2019 06:14 EST

I have a home grown bank in the States. When I use the ATM for cash in my town in Mexico the fees from that bank get returned. The bank in Mexico I am using...CiBanco also charges about 1.1.% and that does not get refunded. It is the cost of doing business. Getting pesos in Mexico has a cost no matter how you do it. Using a cambio is more expensive and using USD at a restaurant or retailer is very expensive. ATM cash is the best I know of. I see no need to have a Mexican bank account unless you are doing business in Mexico. I pay bills either personally or online. When I bought my house in Mexico they took a personal check from the US as deposit and earnest money and also to pay the fideicomiso/trust.

Post a Reply

00abuse

sbnelson00
8/29/2019 14:38 EST

One other reason I could see with having a Mexican bank account is as a backup to the ATM system, I have a couple of times the ATM was not working.

Post a Reply

00abuse

GwyyneddOES
8/29/2019 18:10 EST

I have just gone thru 2 hours of round and round with my bank to transfer my rent to my landlord's account.......OY VEY!!

A friend JUST turned me on to this site and within 5 minutes I had sent the funds. I will use this from now on to make my payments.

(I love USAA on the other hand as they return all fees).

https://transferwise.com/u/57f831

Post a Reply

00abuse

GwyyneddOES
8/29/2019 18:11 EST

I have just gone thru 2 hours of round and round with my bank to transfer my rent to my landlord's account.......OY VEY!!

A friend JUST turned me on to this site and within 5 minutes I had sent the funds. I will use this from now on to make my payments.

(I love USAA on the other hand as they return all fees).

https://transferwise.com/u/57f831

Please use my name Allene Hutcheson if you sign up.


Ali

Post a Reply

00abuse

expat health insurance from CIGNA

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Sydney841
8/29/2019 23:03 EST

Great information! When I called USAA, the person I spoke to said they did not reimburse fees. I'll have to call again. I would prefer to just stay with USAA. So, you are currently with USAA?

If you use USAA, couldn't they have handled the transfer of your rent? Is there some reason you NEEDED another bank in addition to USAA? How would USAA work with the site that transferred your rent? I'm confused about how all these things work together.

Sydney841

Post a Reply

00abuse

GwyyneddOES
8/29/2019 23:29 EST

Sorry hit the button too fast.
Re sending the rent. As i said I think they have a whole new load of new CS Reps.

I wanted to set up a simple Bill Pay each month to my landlord in D.F.. That is not easy to do ..... they told me to call back tomorrow 3:30 cut off time for International wire transfers. I told them that was not what I wanted to do. They had no idea how to set it up with the info I had from my landlord to bank in D.F. Which is when my friend told me about this other site.

https://transferwise.com/u/57f831

It is extremely easy to set up and each month i will just 'pay the bill" from my USAA account. No fees on USAA or transferwise. (My friend said they used this all the time from Spain) After looking around the site, it is VERY user friendly......you can send $ in every currency to anywhere.

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in Mexico.

International Moving Quotes

Moving to Mexico? Get a moving quote.


Mail Forwarding to Mexico

Mail Forwarding to Mexico.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Expatriate Health Insurance

Get a quote for expat health insurance in Mexico from our partner, Cigna Global Health.
Get a Quote

Culture-Shock-in-Mexico-CityAn Expat Talks about Culture Shock & Living in Mexico City, Mexico

An expat from New York City describes the culture shock she experienced living in Mexico City. She appreciates that people in Mexico City able to enjoy the moment instead of hurrying through life.

An expat from New York City describes the culture shock she experienced living in Mexico City. She appreciates that people in Mexico City able to enjoy the moment instead of hurrying through life. ...

Living-in-Ajijic,-MexicoAn Expat Discusses Living in Ajijic, Mexico, Mexico

An expat in Ajijic, Mexico offers a lot of information about the many expat clubs and volunteer organizations that thrive in the Lake Chapala / Ajijic area.

An expat in Ajijic, Mexico offers a lot of information about the many expat clubs and volunteer organizations that thrive in the Lake Chapala / Ajijic area. ...

10 Tips for Living in Mexico City

Expats talk about the best places to live in Mexico City, living near work to avoid hours of traffic every day, crime in Mexico City, international schools and much more.

Expats talk about the best places to live in Mexico City, living near work to avoid hours of traffic every day, crime in Mexico City, international schools and much more. ...

Is Mexico City Safe?

Is Mexico City Safe? What are the safest neighborhoods in Mexico City? Expats answer these questions and offer tips (based upon first-hand experience) for avoiding being the victim of a crime.

Is Mexico City Safe? What are the safest neighborhoods in Mexico City? Expats answer these questions and offer tips (based upon first-hand experience) for avoiding being the victim of a crime. ...

15 Expats Talk About Life in Mexico

Expats share some insight into what it's like to live in Mexico on a day-to-day basis once you actually make the move and get there.
Expats share some insight into what it's like to live in Mexico on a day-to-day basis once you actually make the move and get there....

Mexico Guide
Other Links
Our Story Our Team Contact Us Submit an Article Advertising Travel Warnings

Copyright 1997-2019 Burlingame Interactive, Inc.

Privacy Policy Legal