26/02/2025
🏦💳 How to Open a Mexican Bank Account as a Resident 🇲🇽
One of the benefits of having Mexican residency is the ability to open a local bank account! Here’s what you need to know. 👇
✅ Why Open a Mexican Bank Account?
Avoid high foreign transaction fees 💰❌
Pay bills and rent easily 🏠📲
Get paid if you work in Mexico 💼💵
Access local financial services like loans and credit cards 🏦💳
📄 What Do You Need to Open an Account?
Most banks will ask for the following:
✔️ Mexican Resident Card (Temporary or Permanent) 🛂
✔️ Passport (Valid & original) 📖
✔️ Proof of Address in Mexico (Utility bill, rental agreement, etc.) 📜
✔️ RFC (Tax ID Number) – Always Required 📊
✔️ Minimum Deposit (Varies by bank) 💵
🏦 Best Banks for Expats in Mexico
💳 Intercam – Easy to use, online banking in English available
💳 Santander – Offers special accounts for expats
💳 Banorte – Good for long-term residents
💳 BBVA –International bank with global access
💡 Pro Tip: Some banks require you to make an appointment in advance, so call ahead to check their requirements! 📞✅
Need help with your residency process? We can assist you! Send us a message today. 📩🇲🇽
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