Where should I setup a bank account in Mexico?
We asked expats in Mexico what banks they use and there advice about banking. They advised...
"Mexican banks offer no special services for expats as far as I know. They are not service oriented. For example, no one at my bank could tell me how to transfer money from my account in the States to my account in Mexico in a timely way at reasonable cost. They were not at all interested in doing any extra research on this topic," commented one expat who made the move to Queretaro, Mexico.
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It's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
CitizenMIt's impossible to confuse citizenM with any other hotel. We don't look or sound like anyone else. Bold, vibrant, and artistic - that's us. Our rooms cater to modern travelers - enormous ultra-comfortable beds, unlimited free Wi-Fi and 24/7 food and drinks always waiting at canteenM. And best of all, our ambassadors are every guest's best friend.
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"Expats should research the local culture and customs of their chosen region before retiring in Mexico in order to make their transition easier. It is important for expats to learn basic Spanish to facilitate communication with locals. It is also wise to research the best city in Mexico to retire in that aligns with the expat's lifestyle, budget and legal requirements. Expats should also obtain comprehensive medical coverage to ensure they have access to quality healthcare. It is important to ensure that all visa and residency documents are in order prior to making the move to Mexico. Finally, expats should be familiar with the cost of living in Mexico to plan their retirement budget accordingly," remarked another expat in Mexico.
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Other Questions:
- What should I pack when moving to Mexico?
- Where should I setup a bank account in Mexico?
- Will I be able to find a job in Mexico?
- What is life like in Mexico?
- What do expats in Mexico appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Mexico?
- Is there a lot of diversity? Are people in Mexico accepting of differences?
- What are the schools in Mexico like?
- What are healthcare services like in Mexico?
- What are medical services in Mexico like?
- Are healthcare and health insurance expensive in Mexico?
- What are emergency services like in Mexico?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Mexico?
- How are local medical facilities in Mexico?
- As a foreigner living in Mexico, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Mexico?
If you live in Mexico, newcomers to Mexico would love to hear your answer to this question.
About the Author
Joshua Wood, LPC is one of the Founders of InternationalTravel.ai and serves as Co-President of Expat Exchange. Prior to Expat Exchange and InternationalTravel.ai, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist. Connect with Joshua on LinkedIn.