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Banking Basic for Non-Mexicans(Foreigners, Expats) in Mexico

03/16/10 15:12

An article from Mexican Total blog, discusses the ways how foreigners could secure their money on Mexico and Mexican Banks.

Non-Mexican has 3 options of banking accounts that they could open. These are the Mexican Peso cheking account, US Dollar checking account, and the certificate deposit. Both of the checking account require a minimum of $500 - $1,000 initial deposit and usually have a small interest rates. The certificate deposit is more like of a time deposit where you would be restricted to withdraw your money for a specific period of time.

More about banking offers for foreigners, on the link below.

Link: news Banking Basics in Mexico

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