MakeItSo Posted October 10, 2022 Report Share Posted October 10, 2022 Looking for a Mexican bank that has no ties to and does not share / exchange client data / information with Canadian authorities / financial institutions. Are there any? Quote Link to comment Share on other sites More sharing options...
artsnob Posted October 10, 2022 Report Share Posted October 10, 2022 Intercam Quote Link to comment Share on other sites More sharing options...
Natasha Posted October 10, 2022 Report Share Posted October 10, 2022 Ken, Intercam does have bank accounts in Canada (for money movement purposes). Do they report anything to Canada? Doubtful but suggest MakeItSo could check with them. Quote Link to comment Share on other sites More sharing options...
MakeItSo Posted October 10, 2022 Author Report Share Posted October 10, 2022 Thanks. I will give them a call. BTW I understand Intercam has some "affiliation" with Scotiabank, at least to provide fee-free ATM usage between the two. I don't know if this goes as far as sharing customer data though. Meanwhile if anyone knows any other Mexican bank that does not share data please let me know. Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 11, 2022 Report Share Posted October 11, 2022 4 hours ago, MakeItSo said: Thanks. I will give them a call. BTW I understand Intercam has some "affiliation" with Scotiabank, at least to provide fee-free ATM usage between the two. I don't know if this goes as far as sharing customer data though. Meanwhile if anyone knows any other Mexican bank that does not share data please let me know. No affiliation with Scotia nor ATM usage. I'm with Scotia ,Alberta and with Intercam here and to my knowledge Intercam does not have bank accounts in Canada. When you can go to a teller[Intercam] why bother with ATM although Intercam has ATM's all over Mexico. My info is not shared between the two. Quote Link to comment Share on other sites More sharing options...
lakeside7 Posted October 11, 2022 Report Share Posted October 11, 2022 For my 2 cents I think every financial institution has some obligation to exchange information as requested. But go to the particular bank and ask it would educate all of us. I am not Canadian and maybe their "tax system" is not as intrusive as the USA IRS Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted October 11, 2022 Report Share Posted October 11, 2022 It is. I lived in Ontario for 11 years, I had investments with an Australian bank as I had worked there for several years. One day CRA (Canada Revenue Agency) sent me a letter that contained print outs from my Australian Bank and asked if I had declared the interest paid. Luckily I had... Quote Link to comment Share on other sites More sharing options...
happyjillin Posted October 12, 2022 Report Share Posted October 12, 2022 10 hours ago, HoneyBee said: It is. I lived in Ontario for 11 years, I had investments with an Australian bank as I had worked there for several years. One day CRA (Canada Revenue Agency) sent me a letter that contained print outs from my Australian Bank and asked if I had declared the interest paid. Luckily I had... That's because you got audited is all. Quote Link to comment Share on other sites More sharing options...
pappysmarket Posted October 12, 2022 Report Share Posted October 12, 2022 19 hours ago, HoneyBee said: It is. I lived in Ontario for 11 years, I had investments with an Australian bank as I had worked there for several years. One day CRA (Canada Revenue Agency) sent me a letter that contained print outs from my Australian Bank and asked if I had declared the interest paid. Luckily I had... Wow, they knew you had earned it but couldn't check to see if you declared it? So they decided to just ask you? LOL Quote Link to comment Share on other sites More sharing options...
HoneyBee Posted October 12, 2022 Report Share Posted October 12, 2022 4 hours ago, pappysmarket said: Wow, they knew you had earned it but couldn't check to see if you declared it? So they decided to just ask you? LOL You just described a government worker 😊 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted October 15, 2022 Report Share Posted October 15, 2022 The best way to find out is go to a bank, ask what information they require to open an account. If they do not ask for a Canadian address, tax info, etc then how could they share info? If they do ask for any of those things then they could. Quote Link to comment Share on other sites More sharing options...
bmh Posted October 18, 2022 Report Share Posted October 18, 2022 There are tax agreements between countries or not.. so te first thing to check out if there are such agreements, if there are chances that information is exchanged. After my husband died SS from the US asked for my bank information in Mexico and the US and the US took backthe cheks they had sent before they knew my husband had died but could not have done if the money had been in Mexico because they cannot go into the Mexican accounts.. as far as information being passed good luck.. THe US is one of the worse about putting pressure on other countries to get information.. Canada , I do not know but I bet that if they can get information legally they probably do. Yes asking the bank is one way to find out . The bank I have been to , ask for nationality and id such as passport so yes they know if they have foreigners and from which country so it is not a big step to the exchange information part. My husband was a US, Mexican citizen , he opened his account as a Mexican citizen andthe bank asked if he was a bi national as they had to report US citizens that were bi national according to Bof A which is interesting since the first thing they tell you when you are nationalized is to not clain your nationality of origin. I was asked as well but I am French Mexican.. although I pay US taxes and that I was not ask.. In France when I opened an account I was asked were I paid taxes so they reported to the US although I lived in Mexico... IInternational stuff gets complicated and you can never be sure of what is reported and passed on. Quote Link to comment Share on other sites More sharing options...
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