Opening a Mexican bank account
Most Mexican banks open accounts for residents with a resident card, RFC and proof of address. Some offer accounts to non-residents with a passport.
Why it matters
A local account makes predial, utilities, workers and SPEI transfers cheaper and easier.
Who helps
You can do this yourself at a bank branch; no professional needed.
What to do: Bring your resident card, RFC and proof of address to open an account.
Documents
- Passport and resident card
- RFC certificate (constancia de situación fiscal)
- Mexican proof of address, such as a CFE bill
Costs Estimate
- Monthly fee below minimum balance.
Estimates only. Get written quotes.
Common mistakes
- Forgetting home-country reporting (FBAR, T1135).
Say it in Spanish
- Quisiera abrir una cuenta. Soy residente temporal.
I'd like to open an account. I'm a temporary resident.
Terms
Confirm the details for your case with your notario or attorney.
Common questions
Can I open a Mexican bank account?
Residents usually can with a resident card, RFC and proof of address; some banks serve non-residents.
Do I report my Mexican account at home?
US persons may need to file an FBAR; Canadians may need form T1135. Check with your tax advisor.