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Transferring dollars to pesos

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Transferring dollars to pesos Empty Transferring dollars to pesos

Post by Guest on Tue Apr 20, 2010 3:34 pm

Does anyone know what the limit is on transfering US dollars in cash and depositing them into my Mexican bank each month before hitting the 2% tax on the overeage. Thanks. Zoey

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Transferring dollars to pesos Empty Re: Transferring dollars to pesos

Post by Solovino on Tue Apr 20, 2010 3:37 pm

How do you transfer cash?

Don't you deposit cash?

There is no tax on bank transfers.

The tax is on cash deposits over 15000mn a month.

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Transferring dollars to pesos Empty Re: Transferring dollars to pesos

Post by Guest on Tue Apr 20, 2010 4:54 pm

Solovino wrote:How do you transfer cash?

Don't you deposit cash?

There is no tax on bank transfers.

The tax is on cash deposits over 15000mn a month.

My SS check is direct deposit in a bank in Florida that has gone under, but is still alive, although with a new name. I go to the ATM here in Ajijic and pull out pesos and take them to my Mexican bank, Multivalores. I want to get my money out of the States and into Mexico as quickly as I can. Thank you for your help. Are you quite certain that 15000 pesos per month is the limit for cash deposits in Mexico without paying the tax? I have heard 10,000 and 20,000. Just want an answer from someone who knows. I am sorry about your other post. Perhaps, you do not know that I was outed with my full name and felt threatened by Pedro. It was not until later that I found out that Pedro is in very poor physical condition, with a multitude of health issues and could no way harm me. I had no idea of this when he outed me. I wish you well and nothing that I said in your other post was meant as anything other than to beef up the responses for you. I think I did. At least a little. Best wishes. Zoey

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Post by Rolly on Tue Apr 20, 2010 6:04 pm

Zoey, you can have your SS check direct deposited in your Mexican bank.
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Transferring dollars to pesos Empty Re: Transferring dollars to pesos

Post by Walter on Tue Apr 20, 2010 9:13 pm

check out Xe trade. Might be a good option if you want to keep your U.S. acct.
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Transferring dollars to pesos Empty Re: Transferring dollars to pesos

Post by Guest on Wed Apr 21, 2010 4:31 pm

Rolly wrote:Zoey, you can have your SS check direct deposited in your Mexican bank.

Thanks, Rolly. I know that, but I feel better having it deposited in a US bank and transfering it via ATM myself. My Spanish sucks, so if I have a problem, I can deal with it in English, but I appreciate your input. Zoey

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Post by Guest on Wed Apr 21, 2010 4:33 pm

Itchy wrote:check out Xe trade. Might be a good option if you want to keep your U.S. acct.

What is it and how do I check it out? Thanks, Zoey

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Post by Rolly on Wed Apr 21, 2010 4:44 pm

Google is so easy to use.

Xe Trade
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Post by Guest on Sat May 08, 2010 2:46 pm

And your sarcasm is wonderful and easy to deal with. Checked it out and it is for folks who have a hell of a lot more money than me. I live on US social security. Zoey

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