For those who rely on being able to deposit or cash U.S. checks at Intercam, you should be aware of the new policy which will no longer permit this. My understanding is that the only way to get money into your account now is by wire transfer or U.S. dollars (subject to a limit). I understand also that the new policy is in response to new rules & pressure by the U.S. government, so its not up to Intercam, who have always been great and very flexible. I'm just posting this so folks will be able to plan ahead with their banking needs.
Is this info based on your personal experience at the Ixtapa Intercam?
There has been much speculation on Mexconnect etc. on all the implications of FACTA, including this:
"From Intercam on Facebook
Intercam Grupo Financiero commented on your post.
Intercam Grupo Financiero wrote: "At Intercam Bank we will receive checks drawn on US Bank checks until August 13, 2014. We will continue cashing checks drawn on other countries. However, as a part of our mission, we always care and try to provide the best alternative for our foreign customers. Therefore, the great new is that early August, we will be offering in branch debiting to your US Credit or Debit card to access cash or for making deposits to a checking account in your name at Intercam. This is a very easy and safe way to bring money down to Mexico, and avoid any risk of card cloning or identity theft. Also, you will still receive the same friendly service from your personal account executive. You always have the alternative to send Intercam a wire to our Bank of New York account and get a much better exchange rate. Talk to your account officer on this regard. We give you easy access to your money in your Intercam Account with our branch tellers or through our debit cards that can be used at all ATMs. Our debit cards can also be used at any commercial establishments that accept Visa cards. Your also have the option to keep the money in USD in an Investment fund account with us, if you should prefer not to have it In a Mexican peso checking account. For further information, please visit our website: www.intercam.com.mx or feel free to contact us at: contacto@intercam.com.mx"
What we need now are personal, local experiences because, as we know, (think INM) things are different everywhere.