The Truth about Actinver Bank (good news)

MexicoPete wrote:OK I went to Actinver and learned that much of what some of you believe, is not quite how it works

There have been some very false and negative comments made about Actinver, on this and other forums. For example one person posted that if you deposited a check at Actinver, it would take 6 weeks to clear before you could get your money and that they required an additional 50% set aside. This person wasn’t lying, s/he just didn’t know any better, (which is often happens with us older folks).

I went to Actinver to learn the truth. Yes, when you deposit your check here, it goes to a clearing house, and the clearing house could take it’s time before they process the check with your bank up north and yes Actinver requires an additional $50 dollars,(not 50% of the value of the check) set aside should your check bounce. Now should you need your money sooner than in six weeks, all you need to do is show proof that the amount of the check has cleared your account up North. So often in as little as three to five days, simply go on line to your US bank account and print out a copy of your account activity sheet showing that your check was cashed. (I don’t know about other countries) Bring it in and you are in business.

Another false fact is that the rate of exchange at Actinver is much lower than the competition. According to the manager of the Ajijic Actinver account, now that Actinver is a bank, their preferred rate of exchange is much better and competitive. And through my own experience, I found that when wiring money to my Actinver Stockbroker that the exchange rate was competitive with the competition.

I've never had a problem there during the 15 years I have banked there. Oh, I take that back, sometimes the coffee was a little colder than I liked. But now with their new coffee machine, as long as it continues to work, we are in business

johninajijic wrote:Lloyd's-Activner are losers. Who's dumb enough to keep money there with their dumb regulations. Not me! Go to MULTIVA or Intercam for the best service.

wheels wrote:

MexicoPete wrote:OK I went to Actinver and learned that much of what some of you believe, is not quite how it works

There have been some very false and negative comments made about Actinver, on this and other forums. For example one person posted that if you deposited a check at Actinver, it would take 6 weeks to clear before you could get your money and that they required an additional 50% set aside. This person wasn’t lying, s/he just didn’t know any better, (which is often happens with us older folks).

I went to Actinver to learn the truth. Yes, when you deposit your check here, it goes to a clearing house, and the clearing house could take it’s time before they process the check with your bank up north and yes Actinver requires an additional $50 dollars,(not 50% of the value of the check) set aside should your check bounce. Now should you need your money sooner than in six weeks, all you need to do is show proof that the amount of the check has cleared your account up North. So often in as little as three to five days, simply go on line to your US bank account and print out a copy of your account activity sheet showing that your check was cashed. (I don’t know about other countries) Bring it in and you are in business.

Another false fact is that the rate of exchange at Actinver is much lower than the competition. According to the manager of the Ajijic Actinver account, now that Actinver is a bank, their preferred rate of exchange is much better and competitive. And through my own experience, I found that when wiring money to my Actinver Stockbroker that the exchange rate was competitive with the competition.

I've never had a problem there during the 15 years I have banked there. Oh, I take that back, sometimes the coffee was a little colder than I liked. But now with their new coffee machine, as long as it continues to work, we are in business

We have never had a problem with them either. I would never deposit an out the country check here. Think of the chaos this would be if you deposited a check from a Mexican bank in either Canada or USA.