Charlie S

This will clear it up: There are no account fees at Intercam. In fact Intercam is the only one I know of that’s paying an interest rate (average over 3%) on your checking account. No extra fee for money exchange or transfer. Start the account with $10,000 pesos and keep it active. There’s no fee or penalty if the balance does drop below the minimum. They will open an account with any type of vise or your tourist visa. Intercam will accept your foriegn check and can make the funds immediately available. Intercam is a financial group. It is more like a brokerage than a bank. It is one of few banks that is ISO certified. It is Federally certified, regulated and insured to 2.5 million peso. Funds are Morningstar, Fitch and Microsoft rated. They have 85 funds, 5 more are Intercam managed funds. 75 branches, 2300 ATMs. Debit cards, checks, online banking, bill pay, free ATMs- All the things you expect from your bank at home except they don’t do things we don’t care about: mortgages, car loans, or credit cards. I am with the new branch coming by the end of the year next to Walmart, bigger than the other one, 24 hour ATM, 2 live tellers, funds, insurance, etc.. CDs in Mexico are paying about 3 times more than the ones in the States... www.intercam.com.mx Lots of reasons to bank in Mexico. More reasons to be with Intercam Bank. LCS has the only native English speaking person in any bank anywhere in Mexico except maybe near the Northern boarder. Come see me at LCS M-F 9:30 to 4:30; Saturday 10 to 4:00. Charlie