How can I open an interest bearing, peso account in a mexican bank. How do I transfer funds? How can I avoid fees or poor exchange rates?
135478
Yes. www.mexonline.com/banks.html is a good place to start.  Remember, you are a US citizen and are required to declare any interest or earnings you make...anywhere.
526935
You deposit your money in different banks which none of them exceeds 100.000 USD.  If your money is too big then you shouldnt deposit your money someone else's bank. You can open a bank or keep them in a safe. The safe could be hosted by some bank.  If you do it then noting undesired happens to your money. Good luck!\nPs. No consultation fee. Feed a poor.
450866
Talk to the bank president where you are interested in opening an account. Explain your foreign situation, and they can help you.
124740
There are many ways: \n\nRetirees\nIf you are over 50 years of age, and want to engage in "non remunerative activities" and you are receiving funds from abroad (from a pension or other investments or fixed income) at least to the value of 400 times the daily minimum daily wage per month and a further 200 times daily minimum wage per month for each dependent (e.g. spouse, children) then you can apply for a Retiree Immigration Permit.   Read more about retirement in Mexico on Mexperience.\n\nInvestors\nYou can receive an immigration permit if you are willing to invest your capital in Mexico.    You investment can be directed at industry or services, and must equal a minimum of 40,000 times the minimum daily wage in Mexico City.\n\nProfessionals\nIf you are a qualified professional, you can have your certificates validated by the Mexican Consulate and apply for an immigration permit to live in Mexico.  You must be sponsored by a company who must satisfy the authorities that you are essential to their operative requirements.\n\nAcquiring Mexican Citizenship is an involved process, and it is not easy to do.   As a minimum, you must have been living in Mexico for 5 years (2 years under special circumstances) and have resident status.    Marriage to a Mexican national may allow Citizenship without the residency requirement.    For matters concerning the acquisition of Mexican Citizenship, seek professional advice and contact your local Mexican Consulate.
180751
Sudan, Mexico? i don't know, but it's probably not pretty. Actually check the currency exchange and see where the dollor is worth most at.
316960
You have to pay Taxes to your country only.\n\nExporting is a very complex matter and there are a lot of restrictions.\n\nFor example if you are exporting bananas to Mexico first you need to know if you can export bananas to Mexico and then you need to find out how much you have to pay in taxes to the Mexican Government.\nKeep in mind, YOU ARE NOT PAYING ANYTHING TO THEM\nUsually the Mexican Company importing the Bananas to Mexico is the one paying all the taxes to Mexico.\nHowever, it is wise to check all those things before you actually start exporting something.\n\nSometimes it legal to import something from Jamaica but it just does not make economic sense.\n\nFor example, if the bananas in Mexico cost $1.00 USD per kilogram and the bananas in Jamaica cost $0.10 USD per kilogram but you need to pay a tax of $0.90 USD per kilogram to import them to Mexico from Jamaica then the mexican companies will just buy the bananas from other countries where the taxes are lower.\n\nI can help you with all your international financial needs.\n\nTop 3 Answerer in Business & Finance. (Vote for me)
291923
You can't go to a bank? If you find the right place, they can get a personal loan or a credit card set up that day or next day at least. If you tell a bank that you're willing to pay such high interest, I'm guessing that you could find SOMEONE willing to loan you the money... Just my $.02.
560541
yep, wamu has.  if you plan to send remittance, you can skip those fees. post me a message if your interested
372591
Not much going for free but check out Internet Banking interest rates, they beat the normal current account rates. x
607279
You need to know the exchange rate to convert one form of currency in to another. \nTry this link : http://www.xe.com/ucc/
262233
To receive money, there's a charge for business and premier accounts (for US users).  There's also a 2.5% fee when different currencies are involved, for example changing euros to dollars (or vice versa).
396080
Mexico: All coins and banknotes dated 1992 or earlier are the old pesos, which are worth 1/1000 of the current peso.\nHere is a link to the Banco de Mexico website (OK, it's in Spanish. The Tipo AA and Tipo A notes are the old type and have been demonetized)\n\n\nhttp://www.banxico.gob.mx/billetesymonedas/didactico/billetes_FabCaractHis/billcanj/equivalencia_billetes.html\n\nSome older coins may be silver and have collector value. You may contact me with specific questions.
110888
You can either buy short term securities like Cetes if all you want is FX exposure; you can buy longer term bonds (called M's) if you also want exposure to local interest rates.\nThere also dollar denominated securites that trade in and offshore Mexico, called UMS bonds.\n\nThere are a lot of Mexicanfixed income mutual funds in which you can invest, according to what you are looking for.\n\nDepending on the ammt you want to invest, you should contact either a Mutual Fund Distributor (Distribuidora de Sociedades de inversion) or Fund Manager (Operadora de Sociedades de Inversion) or a Broker Dealer (Casa de Bolsa) or Bank's Private Equity Area.\nWrite me w/your email address and I'll go the names and ph numbers of a couple of institutions if you want.
234448
That depends upon the bank, actually. Call the banks you are interested in, and ask what their opening deposits are. Factors such as account type and interest rates, if any, affect this.
500923
This is not difficult people...tell him to go to his local bank: CIBC, Royal, TD Trust, Bank of Montreal, or Scotiabank -- one of the big 5. They ALL deal in US dollars -- both cash exchange and maintaining US dollar accounts.\n\nThis is so straight forward. And...there shouldn't be a charge to change cash from Cdn. to US -- there are charges to cash a US dollar cheque, for example -- but cash is cash. Now...if he were dealing with Euros or something, there might be a charge as banks do not carry that on hand in the branch. But each branch has a stash of US cash in their vaults.\n\nDepending on the amount of money we're talking here, he may want to buy US dollar travellers cheques. At least if they're lost or stolen, they're replaceable. Cash of course is not. He can also use his Canadian-issued Visa or MasterCard in the US if he's old enuf to have one...
621931
Go to switzerland and open an account. the account opening does not get reported to anybody. there is really no mystery to it at all. It is as easy to open as an account here in the states. btw....swiss accounts are much more transparent than in the old days. you have been reading some old books....
2613
ING works like a "normal" bank. You just have to link the account to an existing bank, like Washington Mutual, B of A, etc...and you can transfer money back and forth.\n\nThey are able to pay a higher interest because they don't have a store front and therefore do not need to pay rent, hire tellers, etc. \n\nThe 4% is annual...so $1000 will be $1040 after 1 yr...don't forget taxes on that $40...so it might end up being $1030 or less.