How to Open a Bank Account in Mexico and Best Ways to Send Money to Mexico From USA

Thinking about buying land in Mexico? Maybe you want to buy a car? You’ll eventually get to the point if you’re staying here long enough, that you’ll want to open a bank account in Mexico and send money to Mexico to put in it.

Before I get into the details of how to open a bank account in Mexico, I’ll just make a side note about needing less than 200,000 MXN. If you are not buying land and aren’t in dire need for a bank account – for example, maybe you are traveling through and want to buy a used car, you can use ways (other than opening a Mexican bank account) to get money into Mexico. You can read my article about how I bought a used car in Mexico to see how I got money here before I had a bank account; the best ways to send money to Mexico from abroad and the regulations on how much you can send on each one.

So, why would you need a bank account in Mexico? Having a Mexican card means you can pay your bills online (no more standing in line at CFE), transferring money…