How Do You Change Dollars If Permanent Resident
Posted 04 May 2015 - 08:43 AM
Posted 04 May 2015 - 08:57 AM
Not sure why your bank would cut you off but you could try another bank and just use your passport as ID. Or go to a Casa de Cambio if you must convert dollars.
Use your ATM to get pesos and just spend dollars when the rate is favorable.
Posted 04 May 2015 - 09:50 AM
Posted 04 May 2015 - 10:19 AM
I just deposit dollars I bring from Canada into my Scotiabank account and withdraw pesos as I need them to pay bills etc. Many banks are getting edgy over "money laundering", especially after new laws and the recent international exposure of banks like HSBC. Monex has stopped accepting deposits from individual clients, except for accounts over $25,000 or a corporate citizen.
Posted 04 May 2015 - 10:54 AM
I wire money from my US bank to my Mexican bank and withdraw money in pesos.
If you have a lot of US dollars hanging around, use them at the Mega or the Chedraui which both take dollars and give a pretty fair exchange rate last I heard.
You can also use dollars to pay for most tours and activities.
Posted 04 May 2015 - 06:55 PM
We've set up a transfer system from our Citibank account to our Banamex account. We actually don't keep anything in the Citibank account otherwise. It works for us. We don't really deal in cash dollars at all anywhere. We use cash in Mexico, but we get that by withdrawals from the Banamex ATM. As others have said, I can't think of a reason your bank (which is in actuality a scooter manufacturer and electronics retailer with a bank attached to facilitate time payments) won't exchange dollars for you, but you can always take them jto any other bank to exchange.
Posted 05 May 2015 - 01:34 PM
How do people convert their funds to US dollars to pay for rent? Many landlords want to get paid in US funds. I am coming from Canada and don't have US$ account - perhaps I need to do that and then transfer US funds to my landlord? I am not sure of how long term renters do it.....
Posted 05 May 2015 - 02:50 PM
It's technically illegal for anyone with a business in Mexico to refuse pesos. So either pay in advance from Canada into something like a paypal account which will convert Canadian to US dollars or pay them in person in pesos at the going exchange rate.
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