Deposits in Mexican Banks

by jr, Friday, February 20, 2015, 13:17 (4208 days ago)

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.

Deposits in Mexican Banks

by JACK @, Friday, February 20, 2015, 13:22 (4208 days ago) @ jr

Deposits in Mexican Banks

by jr, Friday, February 20, 2015, 13:35 (4208 days ago) @ JACK

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 I see that the law on taxing deposits was repealed in 2014, but I was told at the bank there is still a maximum allowable deposit overwhich amount you will be charged taxes.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?

Avatar

Deposits in Mexican Banks

by Linda from Canada @, Zihua and Grand Marais, Manitoba, Friday, February 20, 2015, 14:13 (4208 days ago) @ jr

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.

--
Linda from Canada
check out my books at www.livingthedreaminmexico.com AND please have a look at www.cookingwithclaudiainzihuatanejo.blogspot.com as well as www.albertoinzihuatanejo.blogspot.com

Deposits in Mexican Banks

by LadyM in Zihua, Friday, February 20, 2015, 16:14 (4208 days ago) @ Linda from Canada

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

by ohlenox1, Saturday, February 21, 2015, 11:36 (4207 days ago) @ jr

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!"

Avatar

Deposits in Mexican Banks

by Semma4 @, Zihuatanejo, Saturday, February 21, 2015, 11:44 (4207 days ago) @ ohlenox1

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

--
Graham Felipe'

Avatar

Deposits in Mexican Banks

by ZihuaRob ⌂ @, Zihuatanejo, México, Saturday, February 21, 2015, 12:37 (4207 days ago) @ Semma4

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

by mapache, Wednesday, February 25, 2015, 20:19 (4203 days ago) @ ZihuaRob

intercam is the best.

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