gringohombre Posted January 29, 2019 Report Share Posted January 29, 2019 Because of the gas situation I have been reluctant to go to my bank (Bancomer) in Ajijic to make cash deposits. Now my rent is due and I have to send money to some of the vendors that i work with for my little business here. My question is, will it raise questions if I deposit 60,000 pesos? Should I do it in 3x 20,000 peso increments? Gracias Link to comment Share on other sites More sharing options...
Intercasa Posted January 29, 2019 Report Share Posted January 29, 2019 Anything over 10,000 cash in a month and you may have problems, how do you pay your vendors? Pay them directly. Of course if your business if formal and registered and you pay taxes there is no limit and no problems Link to comment Share on other sites More sharing options...
Tiny Posted January 29, 2019 Report Share Posted January 29, 2019 31 minutes ago, Intercasa said: Anything over 10,000 cash in a month and you may have problems, how do you pay your vendors? Pay them directly. Of course if your business if formal and registered and you pay taxes there is no limit and no problems 10,000 USD or MXN? Link to comment Share on other sites More sharing options...
gringohombre Posted January 29, 2019 Author Report Share Posted January 29, 2019 7 hours ago, Intercasa said: Anything over 10,000 cash in a month and you may have problems, how do you pay your vendors? Pay them directly. Of course if your business if formal and registered and you pay taxes there is no limit and no problems My business is U.S. registered (exporting Mexican arts and crafts), and I pay most vendors online in bank to bank transfers. I am more concerned if a high daily cash deposit (e.g. 60,000 pesos) would raise red flags? I am just worried that I might be mistaken for a gringo El Chapo. I am assuming that the 10,000 per month that you mention is U.S. Dollars; correct? Link to comment Share on other sites More sharing options...
bournemouth Posted January 29, 2019 Report Share Posted January 29, 2019 The monthly deposit figures are pesos. Link to comment Share on other sites More sharing options...
tomgates Posted January 29, 2019 Report Share Posted January 29, 2019 AT HSBC, I understood the monthly cash deposit limit was $15,000p. Link to comment Share on other sites More sharing options...
Tiny Posted January 29, 2019 Report Share Posted January 29, 2019 My wife's experience was in the US she had extra paperwork to sign for amount over $1,000. Here the limit was she could not make another large deposit for two months. She doesn't remember the amount. Link to comment Share on other sites More sharing options...
CHILLIN Posted January 29, 2019 Report Share Posted January 29, 2019 6 hours ago, gringohombre said: I am just worried that I might be mistaken for a gringo El Chapo. But there could be someone worse than El Chapo reading this post. Not wise. Link to comment Share on other sites More sharing options...
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