Focus On Mexico

Opening a Bank Account

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  • Banking

     Foreigners can open banks in Mexico and the Lake Chapala area. There are different banks with different rules, we have listed the ones most used by those of us who are from North of the Border.

  • Places where you can open a bank account

    Bancomer Bank

    Bancomer has bilingual staff and printed information to help you decide what account is best for you. They are not affiliated with the US so no Social Security number is needed and no W2s will be issued.

    To open an account at BBVA Bancomer you will need:

        An FM2 or FM3
        A valid passport
        Proof of address, such as a phone bill or electric bill
        $1000 pesos for a personal account or $5000 pesos to open a business account.

    There are currently two branches of BBVA Bancomer:

    Chapala

    Avenida Francisco I. Madero 212 Between Juarez and Lopez Cotilla
    Chapala, Jalisco
    45900
    Phone: 011 52 (376)-765-4515 or 765-4588
    Hours of Operation:
    Mon - Fri from 9:00 AM to 4:00 PM

    Ajijic

    Parroquia 2 Downtwon
    Ajijic, Jalisco
    45920
    Phone: 011 52 (376) 766-0418 or 766-0546
    Hours of Operation:
    Mon - Fri from 9:00 AM to 4:00 PM

    A new branch is opening at the Plaza Interlago on the Libramiento in San Antonio Tlay. In the near future.

    Multiva

    Multiva Investment

    Requirements for Opening Bank Accounts:

        1. Passport
        2. FM2, FM3 or FMT
        3. Proof of address (utility bill)
        4. ID (driver licence)

    Starting deposit $500,000.00 pesos. This account is only for invesment, this means you can not have access to your money every day.

    Multiva Bank

    Requirements for Opening Bank Account:

        1. Passport
        2. FM2 or FM3
        3. Proof of address (utility bill)

    Starting deposit $10,000.00 PESOS.
    With this account you are able to have a cheque book and/or a debit card and it works as a regular bank account.

    Actinver-Lloyd


    Actinver-Lloyd

    Requirements for Opening Bank Account:

        1. Passport
        2. Driver licence
        3. Proof of address

    Starting deposit $1,000.00
    For Investment Funds from $10,000.00 and up.

     They will be opening a bank in the near future.

    Banco Santander

    Banco Serfin was a Mexican Bank and Santander which is a Spanish Bank, was bought by Serfin.

    They have no affiliation with banks in the USA or Canada, but they have a “convention” that allows Bank of America clients to withdraw money in Banco Santander without paying any fees. They can do this through the ATM machines of with the cashier.

    Documents you will need

          1. Passport
          2. Migratory form: FMT, FM” or FM3
          3. Address proff: Electricity Bill or Telephone Bill no older than 3 months. (It doesn’t have to be in your name).


    Contact:

          Susana Beatriz García Espinoza (Bilingual)
          Premiere Executive
          Suc. 4737 Chapala, Jal.
          Av. Hidalgo No. 210,
          Col. Centro,
          Chapala, Jalisco, Mexico
          Ph.: 01 (376) 765-3310 or 765-2310
          Fax: 01 (376) 765-3865

          Open from Monday to Friday from 9:00 am to 4:00 pm.

    Note: In case of death, the beneficiary of the account must have been named in the original contract and the bank must have address and telephone number. It is recommended to have a second person signing in the account in case of death.

  • As other information becomes available, this section will be updated, so check back often.    Focus would like to make Ask Focus as complete as possible, so if there is something that we have not included, please send us the information by clicking here and going to the Ask Focus content suggestion... 


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