When your trustee bank changes, or you want to switch
What happens to your trust when the bank merges or sells its trust business, and how to move your trust to another bank voluntarily (sustitución de fiduciario).
Why it matters
Your trust contract, rights and term continue; but where you pay, who signs, and whose fee schedule applies can change.
Who helps
Your trustee bank (and the new bank, if you switch), a notario for the substitution deed, and your attorney.
What to do: Check your trust when your bank merges, or move it to another bank.
- Example: CIBanco → Multiva (2025). With the financial authorities' approval, CIBanco's trust business was transferred to Banco Multiva, effective Sept 2, 2025. Multiva became the successor trustee and took on all of CIBanco's rights and obligations as trustee, so the trusts continued. CIBanco's banking license was revoked on Oct 10, 2025.
If your bank changed (merger or transfer)
- Confirm in writing who your trustee is now and ask for the new trust number, if any.
- Ask for the new payment instructions and your current fee and arrears status; don't pay into old accounts.
- Ask whether your fee schedule and currency stay the same (it's set by your contract; see step 3.7).
- Update your records, your property manager and your heirs.
- A merger usually needs nothing from you at the RNIE or RPPC, but ask the new trustee to confirm.
If you want to switch banks voluntarily
- Check your trust deed's clause on removing or substituting the trustee.
- The new bank accepts the trust and both banks sign a notarial deed of substitution, recorded at the RPPC; the trustee reports it to the SRE in its annual report. Ask your attorney whether any SRE permit or RNIE update is needed in your case.
- You pay the old bank's release fee, the new bank's acceptance fee, notario and RPPC fees.
Common mistakes
- Paying the old bank after a transfer; switching to save on the annual fee without counting the one-time switching costs.
Say it in Spanish
- ¿Quién es ahora el fiduciario de mi fideicomiso?
Who is the trustee of my trust now? - ¿Cuánto costaría la sustitución de fiduciario?
What would it cost to substitute the trustee?
Terms
Sources
- Banco Multiva notice, BMV, Dec 2025 (checked 2026-10)
- HR Ratings notice (BMV) (checked 2026-10)
Confirm the details for your case with your notario or attorney.