Informative post in case you were/are worried about your MX bank account.

[Eric Blair]

I had a "crisis" momentary thought yesterday when I recalled that money in Mexican banks is/was not insured. No FDIC as in the U.S.

I thought about the run on banks in the 30s, and how Mx. had devalued the peson some years ago.

I wondered if it could happen again.

This morning, some research and a call to my Mx. banker, showed and confirmed to me what I found. 

Here is the information .

https://www.iflr.com/Article/2324167/Mexico-Guarantees-of-bank-deposits.html

Feel free to tell me everyone knows this and/or it has nothing to do with anything and no one is interested.

 

[artsnob]

When I see his name on posts, from now on I will skip it...

[moderator-2]

17 minutes ago, artsnob said:

When I see his name on posts, from now on I will skip it...

That's all any of you have to do.  What I see here is an informative post followed by some pretty unpleasant personal attacks.  

Edited and moved to Mexico general.  Some of you really should be ashamed of your personal nastiness.  

[vetteforron]

Good information stuff I did not know. .It is obvious Eric thinks out of the box. 

[happyjillin]

On 3/25/2020 at 10:50 AM, Eric Blair said:

I had a "crisis" momentary thought yesterday when I recalled that money in Mexican banks is/was not insured. No FDIC as in the U.S.

I thought about the run on banks in the 30s, and how Mx. had devalued the peson some years ago.

I wondered if it could happen again.

This morning, some research and a call to my Mx. banker, showed and confirmed to me what I found. 

Here is the information .

https://www.iflr.com/Article/2324167/Mexico-Guarantees-of-bank-deposits.html

Feel free to tell me everyone knows this and/or it has nothing to do with anything and no one is interested.

 

Excellent info!