Quote:
Originally Posted by jsnipes28
i was told that one cannot get a USD account at bancomer (or other santander/bana etc) unless you are in a border state. but you said you are in playa, correct? how did you get a USD account? yea, i wonder if MB could wire to those accounts. it certainly would save a lot of hassle.
The "border states" information is actually old. That used to be the case and the Mexican Banks could actually hold USD accounts in those states, but the government changed the laws several years ago.
Now, no banks can hold USD accounts directly, which is why they are quasi in Caymans/Germany/etc. and quasi in Mexico. I can walk in and deposit/withdraw/etc. to my USD account, but I guess it's being held in the Caymans.
You should go to your Bancomer branch and tell them you want a USD account. To open that account is a $5,000USD min, so that may be why a lot of people don't mention it. It is basically an account for people who want to invest and keep their $ in USD.
Anyways, I've been meaning to try Bancomer and some other to see if I can get wiring instructions that don't have the "For Further Credit To" fields or if MB can wire there. It would be great if you to your branch and inquired!