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Boost House's Blueprints 📐

🪙 You’re probably wondering how to open a bank account in Mexico if you plan on living and paying bills there. Navigating the banking system in Mexico is pretty straightforward, like in the U.S.
Most banks have the same requirements, but it’s wise to check with your desired bank for a detailed list of documents you’ll need to bring.

Here’s what you’ll need to open an account at most Mexican banks:

Temporary or Permanent Resident Card
RFC
Passport
Proof of address (utility bill or internet bill with your name on it)
at least MXN 1,000 (yes, it needs to be in pesos.)
Translator (most banks only have paperwork in Spanish.)

💡 Some banks may have an English speaking banker who can help translate some of the paperwork. However, I wouldn’t count on this. Come prepared to understand the paperwork you have to fill out.

💳 Once you open your bank account, you’ll most likely be given a debit card on the spot. Ask your banker to provide you with details on how many withdrawals you can make without penalties. Make sure they explain what fees there are for withdrawals (if any) and how you can change your pin.

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