Zihuatanejo-Ixtapa Message Board - Mexican Bank account

Can someone tell me what it takes to open an account here, and what bank is best.

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We have been very satisfied with our account at Intercam in Ixtapa. Great exchange rates and customer service.

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I believe you need to prove residence such as showing a utility bill.

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ditto Intercam is the place.

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My recent experience at Scotiabank was that you will need your passport, a copy of a utility bill, a local phone number, two local references, and your Mexican visa (and plenty of time). I don't know what Intercam requires.

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Dealing with Intercam has been easy for me and it seems to give a better exchange rate on wire transfers from USD to pesos. Wish they had a branch in Zihua .

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I have accounts at Scotia Bank, Santander, and Bancomer. Each was a little different on requirements. I picked banks that exchanged dollars and easy to use. Requirements for such has changed at each bank during the time I have had my accounts. Passport, Electric bill (does not have to be in your name), address, and maybe a reference were all I had.

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I needed 2 local references at Scotiabank (name, and phone number), and with that account, and my accounts at Banorte and Banamex I needed to have my Mexican Visa.

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A bit of an aside: I was recently surging some SS and VA info and found you can have your U.S. government entitlements deposited in a foreign bank direct.