Zihuatanejo-Ixtapa Message Board - Deposits in Mexican Banks

Deposits in Mexican Banks (reply)

mapache — Thu, 26 Feb 2015 02:19:25 +0000

intercam is the best.

no taxes on wire transfers, at least not wires of 5000 usd....

Deposits in Mexican Banks (reply)

ZihuaRob — Sat, 21 Feb 2015 18:37:59 +0000

I agree. Their service has been better than just good for me over the years. Downright righteous. I wish I didn't have to use any other bank. Their customer service is simply the best! Certainly better than any other US or Mexican bank I've ever used.

Deposits in Mexican Banks (reply)

Semma4 — Sat, 21 Feb 2015 17:44:16 +0000

That might be the case for casual exchanges - but for Intercam/Interbanco clients the exchange rate is the best in town.

Deposits in Mexican Banks (reply)

ohlenox1 — Sat, 21 Feb 2015 17:36:51 +0000

Why would you ever consider using a Mexican bank account such as Intercam? If you looked into their exchange rates going in and coming out you would discover they are a little south of the worst "casa de cambio!"

Deposits in Mexican Banks (reply)

LadyM in Zihua — Fri, 20 Feb 2015 22:14:22 +0000

In September 2014 it was the equivalent of $1500US. I have heard that this has been removed, but I don't know for sure....just heard through the grapevine, so it might not be accurate.

In January 2015 it was $1,500 USD. I haven't asked since. That was at Santander. As fast as stuff changes here.....who knows.

Deposits in Mexican Banks (reply)

Linda from Canada — Fri, 20 Feb 2015 20:13:46 +0000

In September 2014 it was the equivalent of $1500US. I have heard that this has been removed, but I don't know for sure....just heard through the grapevine, so it might not be accurate.

Deposits in Mexican Banks (reply)

jr — Fri, 20 Feb 2015 19:35:03 +0000

Thanks Jack but my Spanish isn't really good enough to completely understand. I see that the law on taxing deposits was repealed in 2014, but I was told at the bank there is still a maximum allowable deposit overwhich amount you will be charged taxes. Do you, or anyone, happen to know what that amount is?

Deposits in Mexican Banks (reply)

JACK — Fri, 20 Feb 2015 19:22:49 +0000

That law was repealed in 2004.
http://es.wikipedia.org/wiki/Impuesto_a_los_Dep%C3%B3sitos_en_Efectivo

Deposits in Mexican Banks

jr — Fri, 20 Feb 2015 19:17:03 +0000

Does anyone happen to know the maximum amount you can deposit per month in a Mexican bank without being charged taxes on it? It used to be $20,000p, but it went up last year.