More changes at BBVA concerning USD paper checks

I was surprised to learn that as of May 27, 2024, BBVA México (formerly BBVA Bancomer) is only accepting checks for deposit denominated in U.S. dollars that are drawn on the following on 11 banks:

BBVA N.Y.
BNP Paribas USA
Standard Chartered Bank
Bank of New York
Citibank N.A.
HSBC N.Y
JP Morgan Chase Bank
U.S. Bank
Comerica Bank
KeyBank National Association
Fifth Third Bank

Today they would not accept for deposit a paper check from Well Fargo Bank because that bank is not on their new list. Bank of New York is on their list, but they would not accept a check from The Bank of New York Mellon because the names were not the same (even though New York Bank changed their name to Bank of New York Mellon way back in year 2007).

It is clear BBVA México is pulling away from servicing clients that have bank accounts or do business with bank accounts in the USA.

Not sure why expats (other than those operating businesses) open a MX bank account.  Never had one, been here since 2008.  Bought 2 homes, remodeled both, bought a new car here, paid out of pocket for several surgeries here.  

Get a Schwab card....no ATM fees anywhere in the world.  Great exchange rate.  

Since credit card chip readers are now common here (even Lopez Fruteria accepts with no upcharge!), we deal less and less in cash.  Almost all eateries take cc's as does Traitte.  

Why fool with a foreign bank or investment house where rules can change.  

If a US citizen you may be liable to file annual reports with IRS via FBARs (if at anytime the sum of your outside US accounts add up to 10K USD equivalent or more (even for 1 day!).   

Keep it simple, my motto    

Yes, I wire transfer money into my BBVA account from my Canadian Scotia account. Most banks have on-line wire transfer options now. Maybe look into that versus trying to write a cheque?

Scotia charges $1.99

Canadian dollars right?