A Banker’s Half Dozen
With so many choices, how do you determine which bank fits your requirements best? First, analyze what you need from your bank. Do you expect one-on-one banking with an executive? Or are you content standing in line for, what often seems like, an eternity for the only teller working? Does most of your business entail exchanging dollars to pesos? Do you handle most of your transactions via the internet or need flexibility? Does your relationship with a bank not extend further than their ATMs?
Consider whether you need a business or personal account and what does one bank offer that the other doesn’t. Make a list, check it twice and compare offerings.
ATM machines are everywhere, as are ATM crooks, just like back home, so don’t throw caution to the wind. A popular scam is for someone to offer to “help” you and then help himself to your pin and card info through a scanner. Be mindful of fake ATMs. It is generally recommended to use a bank ATM, preferably physically attached to a branch.
The best way to make sure that your chosen bank meets all your needs is to check out each bank at various times of the day, talk to a bank executive, ask all the right questions before you hand over your money.
is part of America’s bank organization CitiGroup (Citibank). Branches in Playa del Carmen, Cancun, Isla Mujeres and Cozumel.
a Mexican financial institution, founded in 1932 is the largest in the country. Since 2000 its main stockholder is Spanish bank BBVA. Locations in Playa and Cancun.
is a British multinational bank located in over 55 countries with branches in Tulum, Playa del Carmen and Cancun.
founded in 1992 is a younger player in the financial market. There is one in Playa and one in Cancun. To help its expansion the bank has started opening branches in Sanborn stores.
is an international partner of Bank of America and has branches in Playa and Cancun.
parent company was founded in 1832 and is headquartered in Toronto Canada with offices in Playa and Cancun.