Mexico
Banking in Mexico
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[Wholesale/Sourcing] Premium Liquidation Pallets: Electronics, Tools, & Luxury Cosmetics - Direct Supply If you are a reseller or boutique owner looking for high-margin inventory, G Pallets (a d
[Wholesale/Sourcing] Premium Liquidation Pallets: Electronics, Tools, & Luxury Cosmetics - Direct SupplyIf you are a reseller or boutique owner looking for high-margin inventory, G Pallets (a division of JRG Wholesalers Inc.) has officially updated our international catalog for 2026.We specialize in high-demand categories where quality and brand recognition drive sales. We manage our own inv
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[Wholesale/Sourcing] Premium Liquidation Pallets: Electronics, Tools, & Luxury Cosmetics - Direct Supply If you are a reseller or boutique owner looking for high-margin inventory, G Pallets (a d
[Wholesale/Sourcing] Premium Liquidation Pallets: Electronics, Tools, & Luxury Cosmetics - Direct SupplyIf you are a reseller or boutique owner looking for high-margin inventory, G Pallets (a division of JRG Wholesalers Inc.) has officially updated our international catalog for 2026.We specialize in high-demand categories where quality and brand recognition drive sales. We manage our own inv
Total Posts: 1 Last post by harry555
Banking in Mexico
There are five main banks in Mexico: Bancomer (owned by BBVA in Spain), Banamex (owned by CitiBank and Group of USA), Banco Santander (partially owned by Bank of America, HSBC, and Banorte.
You can open a bank account both in Mexican pesos or dollars. To open a bank account in Mexico you will need the following:
- A valid passport
- Visa- FM2 or FM3
- Two bank and/or credit references (Mexican or foreign)
- Proof of address (a bill with your address on it)
When you open a bank account in Mexico, you are able to get a credit card with the same bank. The requirements are the same as above, in addition to proof of income. Some banks will require you to have your account with them for at least 6 months and a balance of $50,000 pesos before issuing you with a credit card if you cannot provide credit references.
Business hours are normally 9 am to 4 pm.