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Question: Using US Citibank account in México

 
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samiam



Joined: 20 May 2003
Posts: 7
Location: Puebla, Puebla Mexico

PostPosted: Tue May 27, 2003 4:28 am    Post subject: Question: Using US Citibank account in México Reply with quote

Hello there,

I have one quick question: Is it possible to open up a bank account with Citibank in the US, and use that bank account in México? I have heard that it is difficult for a foreigner to get a bank account. Hence, opening up the account in the US may be a way to make this process easier.

- Sam
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Ben Round de Bloc



Joined: 16 Jan 2003
Posts: 1946

PostPosted: Wed May 28, 2003 1:05 pm    Post subject: Just wondering Reply with quote

Being naive about many things, I may be asking a question that has a very obvious (to everyone else) answer, but why are EFL teachers who plan to come to this country so concerned about having a Mexican bank account? Unless a teacher is paid by direct deposit, in which case employers usually open bank accounts for their employees, what are the reasons for having a Mexican bank account?

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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9398
Location: Mexico City

PostPosted: Wed May 28, 2003 2:37 pm    Post subject: Banking Reply with quote

I've never seen an ESL school open an account for a teacher, at least in DF, Morelos, Jalisco, and Guerrero. Maybe it's more common with a university like yours Ben.

I think people want to open an account to avoid stinging commissions when using US accounts here in Mexico. We frequently work between a Mexican bank and banks in Canada, the US, and the UK and the commissions coming off our activities could fund Chiapas for a year (ok, maybe not THAT much).

I'm not entirely sure on Citibank, but since it owns the largest bank here, Banamex, I imagine that it would offer the most comprehensive services.
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some waygug-in



Joined: 07 Feb 2003
Posts: 339

PostPosted: Fri May 30, 2003 1:18 am    Post subject: Reply with quote

The short answer, no.
The long answer, well it depends. You can use your ATM card to access your American bank account, but you can not do much else. Don't expect Citibank branches in Mexico to be overly helpful in this regard.

I don't know how, but my first employer opened an account for me with Bannorte. It was quite simple for them to do and all the teachers had them. We were paid by direct deposit.

Maybe it had something to with the fact that my employer was in San Luis Potosi and I was working in Queretaro.

I know it must be possible for corperate customers, but for average people, it's not so easy.

Anyway, buena suerte
Some waygug-in
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lozwich



Joined: 25 May 2003
Posts: 1536

PostPosted: Sun Jun 01, 2003 5:11 am    Post subject: Reply with quote

Hmm... So, can I take it from this that its perfectly ok for foreigners to open bank accounts in Mexico?

I've been following keenly (but with a little confusion) the apostilling thread, and now I'm wondering what I'll have to bring to be able to open a bank account also?

I'm Australian, if that has any impact on anything... Wink

lozwich
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9398
Location: Mexico City

PostPosted: Sun Jun 01, 2003 12:52 pm    Post subject: The bottom line Reply with quote

The summary: if the schooll you work for opens an account for you, problem solved. If not, use the FM3 work permit to open an account. If you don't get a permit, then you probably can't open an account.

If all is in doubt. Keep around some traveler's checks for emergencies.
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