tombo Posted October 26, 2021 Report Share Posted October 26, 2021 I just returned from our local bank with eight $1000 checks I had made out to me from our Bank of America account. This has been my practice every four months or so when I make a deposit to our Bancomer account. We used to write one check for 8-10K but several years ago a limit of 1K per check was imposed. I was pissed off to learn that beginning last month a $500 limit per check had been put into effect! Do other local banks also have this limit? Is there a better way to move money from a US bank account here? Quote Link to comment Share on other sites More sharing options...
John Shrall Posted October 26, 2021 Report Share Posted October 26, 2021 There are a large number of posts on this board regarding the "best" way to move money from NOB to Mexico. Everyone has a favorite solution that is the best for their circumstances. Take some time and do some searches to find your best options. 1 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 26, 2021 Report Share Posted October 26, 2021 I have no limit to the size of cheques that I deposit to my Intercam account from my Scotia Canada account made out to me. You might want to change banks. Quote Link to comment Share on other sites More sharing options...
artsnob Posted October 26, 2021 Report Share Posted October 26, 2021 I also had a Bancomer account, with all the new restrictions the last two years, I opened up and account with Intercam, I now only have to do one check depst for any amount, I cancelled Bancomer.. Quote Link to comment Share on other sites More sharing options...
tomgates Posted October 26, 2021 Report Share Posted October 26, 2021 I never found it necessary to have a Mex bank account. My US bank accounts give access to ATM's worldwide. If you do open a Mex bank account, watch it like a hawk. I had one and evidently the balance fell below $1000mp and the bank ate the remaining balance down to zero with fees. I went in to close it and it had a negative $800mp balance so I just walked out. 1 Quote Link to comment Share on other sites More sharing options...
mudgirl Posted October 26, 2021 Report Share Posted October 26, 2021 32 minutes ago, tomgates said: If you do open a Mex bank account, watch it like a hawk. I had one and evidently the balance fell below $1000mp and the bank ate the remaining balance down to zero with fees. So it's the bank's fault that you didn't bother to inform yourself of the terms of your account? That's like blaming a utility company for charging you interest on an overdue bill because you neglected to pay attention to the due date. I've had a Bancomer account for 13 years and never had any problem with it. 1 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 26, 2021 Report Share Posted October 26, 2021 24 minutes ago, mudgirl said: So it's the bank's fault that you didn't bother to inform yourself of the terms of your account? That's like blaming a utility company for charging you interest on an overdue bill because you neglected to pay attention to the due date. I've had a Bancomer account for 13 years and never had any problem with it. Some people never own up to the problem they caused to themselves. Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted October 26, 2021 Report Share Posted October 26, 2021 Cripes, you people. He learned the hard way and handed out a warning: a good warning. But you obviously are omnipotent. 1 Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted October 26, 2021 Report Share Posted October 26, 2021 1 hour ago, mudgirl said: That's like blaming a utility company for charging you interest on an overdue bill because you neglected to pay attention to the due date. Not hardly. Bank contracts are pages and pages of small print, and even someone completely fluent in Spanish is never going to take the time to read them. Now if both of you tell me you always do, I'll be very impressed. I won't believe it, but I'll be impressed. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted October 26, 2021 Report Share Posted October 26, 2021 1 hour ago, AndyPanda said: Not hardly. Bank contracts are pages and pages of small print, and even someone completely fluent in Spanish is never going to take the time to read them. Now if both of you tell me you always do, I'll be very impressed. I won't believe it, but I'll be impressed. "evidently the balance fell below $1000mp" If you check your statement monthly you wouldn't see your balance dwindle away There are minimum balance requirements to avoid monthly fees on checking/debit accounts with most banks around the world. BBVA's minimum balance requirement is in very large type on their web page and account information brochures. I have been with BBVA (formerly named Bancomer) for many years. I have both credit cards, and a checking/debit account. Never had a problem. Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted October 26, 2021 Report Share Posted October 26, 2021 I will repeat myself: He learned the hard way and handed out a warning: a good warning. For anyone to sit in judgment on him for that publicly-announced transgression is a tad facile. Quote Link to comment Share on other sites More sharing options...
mudgirl Posted October 27, 2021 Report Share Posted October 27, 2021 5 hours ago, AndyPanda said: Not hardly. Bank contracts are pages and pages of small print, and even someone completely fluent in Spanish is never going to take the time to read them. Now if both of you tell me you always do, I'll be very impressed. I won't believe it, but I'll be impressed. It wasn't necessary to read through pages and pages of small print. My bank has a big poster on the wall listing all the different types of accounts and the minimum balance required so as not to incur service charges. This information is also available in simple to read brochures. Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted October 27, 2021 Report Share Posted October 27, 2021 Maybe his does not have a big poster. Maybe he's near-sighted. Maybe he was busy. Maybe he was away. Maybe he wasn't the only one banking. Maybe he's not so good with Spanish. Maybe maybe maybe. Not for you to say, and certainly not for you to judge. And your phrase "simple to read brochures" is insulting. Quote Link to comment Share on other sites More sharing options...
mudgirl Posted October 27, 2021 Report Share Posted October 27, 2021 3 hours ago, AndyPanda said: He learned the hard way and handed out a warning: a good warning He didn't learn anything. He blames the bank and warns others to be wary of Mexican banks, for his own failure to pay attention to the terms of his account or to ever look at his bank statements. And all that cost him was $50. Quote Link to comment Share on other sites More sharing options...
AndyPanda Posted October 27, 2021 Report Share Posted October 27, 2021 How do you know he didn't learn anything? By his own statement, he did, and he brought that information to our attention. Your lack of empathy is stunning. Quote Link to comment Share on other sites More sharing options...
ea93105 Posted October 27, 2021 Report Share Posted October 27, 2021 Bancomer cut me off because I withdrew too much cash within one year....I was hoping to get my foto on their wall of thiefs with my eyes blacked out lol. ( why the hell do they black out the eyes if they want them to be identified ?... morons) HSBC from now on Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 27, 2021 Report Share Posted October 27, 2021 1 hour ago, mudgirl said: He didn't learn anything. He blames the bank and warns others to be wary of Mexican banks, for his own failure to pay attention to the terms of his account or to ever look at his bank statements. And all that cost him was $50. Agreed! Quote Link to comment Share on other sites More sharing options...
sunnyvmx Posted October 27, 2021 Report Share Posted October 27, 2021 It wasn't his Bancomer. It was BofA. I pay my rent with a check from BofA each month and my landlord received notice that he would pay a fee now for checks over $500. So now I write 2 checks each month. I think this is all coming from the bank trying to minimize the new reporting requirements. Quote Link to comment Share on other sites More sharing options...
lcscats Posted October 27, 2021 Report Share Posted October 27, 2021 9 hours ago, mudgirl said: He didn't learn anything. He blames the bank and warns others to be wary of Mexican banks, for his own failure to pay attention to the terms of his account or to ever look at his bank statements. And all that cost him was $50. They don't send out statements anymore and have not for years. Only way unless you let them on your cell phone is to ask a banker and that usually requires a wait. While they have branches everywhere they are a giant pain in the ### and they seem to be driving everyone to Intercam. Disclaimer I have accounts at both banks. 1 Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted October 27, 2021 Report Share Posted October 27, 2021 Banks don't want to do paper checks any more. Quote Link to comment Share on other sites More sharing options...
lcscats Posted October 27, 2021 Report Share Posted October 27, 2021 1 hour ago, sunnyvmx said: It wasn't his Bancomer. It was BofA. I pay my rent with a check from BofA each month and my landlord received notice that he would pay a fee now for checks over $500. So now I write 2 checks each month. I think this is all coming from the bank trying to minimize the new reporting requirements. For people on BOA please read email sent recently showing changes coming up in November. For example now 5 bucks for most money transfers. etc etc etc so now we will do one 5000 a month instead of three transfers to XE. Sorry for the drift but the once great money transfer policy is going to be history soon. Quote Link to comment Share on other sites More sharing options...
Brian Dalziel Posted October 27, 2021 Report Share Posted October 27, 2021 I agree with Mainecoons. BofA Bank of America informed my neighbor recently that they will no longer be processing paper checks. Anyone using checks may want to look into various ways of transfering funds electronically to prepare themselves for the future. 1 Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 27, 2021 Report Share Posted October 27, 2021 1 hour ago, Mainecoons said: Banks don't want to do paper checks any more. Just got 50 more cheques from Intercam and we have no problem using cheques from Scotiabank Canada. We also still get statements sent by Scotia and I had to tell Intercam not to send hard copy statements to us because they were getting delivered to our casa. Quote Link to comment Share on other sites More sharing options...
tombo Posted October 27, 2021 Author Report Share Posted October 27, 2021 (edited) Textbook example of a highjacked thread. My original question was addressed by the first three posts and then the floodgate of inattention and burnt off dissatisfaction was opened--well, that's too harsh. I guess at the base it's simply a desire to engage in some social interaction...A sincere thanks to Artsnob for his on-point response; I'll give Intercam a go. Edited October 27, 2021 by tombo clarify 2 Quote Link to comment Share on other sites More sharing options...
phil in mexico Posted October 27, 2021 Report Share Posted October 27, 2021 Oh boy, another pissing contest don't just love em ⚠️ 1 Quote Link to comment Share on other sites More sharing options...
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