Transferring dollars to pesos

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

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.

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

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

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

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

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

Google is so easy to use.

Xe Trade

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