Anyone look into Mexican banking?

Discussion in 'Investing' started by TomB16, Jan 29, 2020.

  1. TomB16

    TomB16 Well-Known Member

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    A rep from Intercam banco met with a few of us gringos a few days ago and made a pretty compelling case for doing business with his organization.

    - Amazing exchange rates
    - 6.1% chartered deposits
    - low to now fees

    I doubt I will do it but I'm mulling it over. The biggest obstacle is the tax implications. The biggest fear is the poor security of Mexican banks.

    Is anyone further down this path than I am?
     

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