Finance and Banking in mx: real experience from chats
From real experience
tipTo receive SMS messages from Russian banks while in Mexico on a minimal balance, retain your Russian SIM card.
SMS reception generally works even on inactive or unfunded plans, as long as the number is not deactivated due to prolonged inactivity (typically 6 months, confirm with your provider). Periodic small top-ups (e.g., 50 RUB) are recommended to keep the number active. Major Russian carriers like Megafon, Beeline, and Tele2 should function in Mexico by connecting to local networks.
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ruleIn Mexico, 20 peso coins are often commemorative and rare, issued for anniversaries and holidays.
They are highly sought after by collectors. Receiving one as change is infrequent, with individuals typically getting only 1-2 per year. Assembling a complete set of four different commemorative 20 peso coins is extremely difficult without connections to bank tellers. These coins are often kept as treasures, and special display cases are available for purchase. Some people buy these coins as gifts for Mexicans.
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tipIn Mexico City, exchanging USDT for USD or MXN can be done through various methods.
While ATMs can be used for crypto withdrawals in some locations, alternative methods may involve peer-to-peer exchanges or specialized crypto exchange points. Users with USDT should be aware of the available options beyond ATMs for converting their digital assets to fiat currency.
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riskInternational shipping of bank cards via private couriers (like DHL) is often restricted.
Shipments from banks are more likely to succeed than personal shipments, but customs may require specific local tax/identity documents (e.g., CURP and RFC in Mexico). Personal carry-on via a traveler is the recommended alternative.
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caseUser in Mexico City is looking to exchange Russian rubles for Mexican pesos or US dollars.
The exchange rate will be based on the Google rate. Rubles will be sent to a Russian bank card. Pesos and dollars are required in cash only. This is a personal exchange, not for desperate expats.
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tipOpening an Albo account is currently possible using only a foreign passport without a CURP.
While this version of the account may have certain transaction limits and restrictions, it is sufficient for daily financial operations in Mexico.
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ruleTo acquire a 'Plata' card in Mexico, you generally need to be a resident of Mexico.
It is not possible to obtain it while residing outside the country, even if you are physically present in Mexico without residency.
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tipTo access the BBVA Mexico mobile banking app while located in Russia, users typically need to use a VPN service configured with a Mexico-based server to bypass geoblocking.
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ruleWhen withdrawing cash in Cancun, Mexico, it is important to note that only Mexican Pesos can be withdrawn.