Overseas Banking in Mexico – All You Need to Know12 min read

Overseas Banking in Mexico – All You Need to Know12 min read

We’ll discuss everything you need to know about how to conduct overseas banking in Mexico, from setting up an account to what you can transfer. 

If you’re an expat moving to Mexico or just a tourist in Mexico, once you get the hang of the Mexican banking system, you’ll feel like you belong. 

How to Do Overseas Banking in Mexico?

To begin with, select a bank that provides foreign-specific services. If you want to bank abroad in Mexico, The Kingdom Bank is a good place to go. 

Being a fully authorised online overseas bank based in Mexico, The Kingdom Bank allows non-residents to open international bank accounts and conduct financial transactions from anywhere in the world. 

Below are the essential steps to initiate overseas banking on The Kingdom Bank: 

• Enter your details on The Kingdom Bank website and submit your ID proofs such as a passport. We open accounts online, so you do not even have to visit the branch. 
• Confirm your identity through our safe online authentication service. This involves answering a few knowledge-based authentication questions. 
• Once confirmed, you can open a new The Kingdom Bank account and transfer money from an international bank account in your country. We accept wire transfers and debit/credit card deposits worldwide. 
• You can start using your The Kingdom Bank account today! Online and mobile banking will be offered to keep track of your money at home. 

It takes only a few days and you can have a functional overseas bank account open before you’ve even entered Mexico. 

Thanks to The Kingdom Bank’s digital banking portal, you can take care of all your financial transactions from any corner of the globe. 

How to Open an Online Overseas Banking Account in Mexico?

With this basic explanation, let us learn more about opening an overseas bank account online with The Kingdom Bank. We offer accounts that are ideal for foreigners who are looking for quick and safe overseas banking services in Mexico. 

The way to get an account with The Kingdom Bank is by visiting our website and clicking “Open an Account”. 

From there, you’ll have to fill in basic identification details such as name, date of birth and current country of residence. 

After verifying your identity, you will need to deposit funds into your initial account. The Kingdom Bank charges a $1,000 minimum opening deposit, transferable from an existing overseas bank account. We accept wire transfers in major currencies such as USD, EUR and GBP. 

You’ll get access to your new The Kingdom Bank online account once your deposit is approved. Our platform lets you manage your funds, transfer it nationally or globally, and use other digital banking services. 

As one of Mexico’s only authorized online overseas banks, The Kingdom Bank makes account opening easy via a remote connection. Within a few days, you’ll have full access to your new Mexican bank account, no matter where you happen to be. 

What Transactions Can Be Done With a Mexico Overseas Banking Account?

As soon as your The Kingdom Bank account is opened, you can make all sorts of financial transactions at home. Voici les principales transactions that you can make using your new Mexico offshore bank account: 

• Across-borders transfers – Transfer funds within Mexico or abroad to other The Kingdom Bank accounts with minimal fees. You can even get money from abroad. 
• Pay by debit card – Buy things online or offline with your The Kingdom Bank debit card. Have zero foreign transaction charges across the globe. 
• Payment of bills – Submit all utility bills, taxes, and more from your online The Kingdom Bank account. 
• Investing – View investment products and create securities trading accounts to trade assets across the world. 
• Crypto trading – Buy, sell and hold the most popular cryptocurrencies directly on the digital currency exchange of The Kingdom Bank. 
• Savings & deposits – Charge interest on your account balance or open fixed-term deposit accounts starting at $500. 

With these payment options, you basically manage everything from your The Kingdom Bank online account regardless of where you are. Its digital banking platforms make dealing with money overseas effortless. 

Can Foreigners Open an Overseas Bank Account in Mexico?

The short answer is yes – if you’re a foreigner, you can open a bank account in Mexico for foreign banking. The Kingdom Bank was specifically designed to serve the foreign client and does not have a nationality or residency limit. 

But there are a few things you need to know when foreigners create Mexican bank accounts: 

• You do not need to be a resident of Mexico in order to open an account with The Kingdom Bank. Accounts are accessible at any time, from any place worldwide. 
• We ask for ID documents, such as a passport when opening an account for identity checks and fraud detection. 
• Funds must be sent from an existing overseas bank account at home. You cannot directly deposit cash.  
• You’ll need to make sure your account meets all of the latest international anti-money laundering regulations and you may be required to disclose where and why large funds are being sent. 

If you meet the basic account requirements, show identification and fund your account accordingly, The Kingdom Bank lets non-residents use all of the same international banking options as local Mexican customers. Digital banking makes cross-border financing convenient. 

The Easiest Way to Do Online Overseas Banking in Mexico

The simplest way to handle your money abroad is with The Kingdom Bank. We are Mexico’s leading digital banking platform for overseas banking and take all the guesswork out of foreign finance. 

The ease of The Kingdom Bank’s online and mobile banking platform means that you can check your accounts, pay bills, send money, and much more with just a few clicks. Our extremely safe networks also protect all of your financial transactions. 

Best of all, The Kingdom Bank does everything to open and maintain a licensed Mexican bank account for you. You don’t have to fill out paperwork or come in for a visit – sign up online and let our skilled staff handle the rest. 

Within days, you’ll be able to have a functioning foreign bank account and debit card in hand. Then you can rest assured that all your money issues are well looked after, no matter where you’re going and that you have access to the internet wherever you go. 

So if you’re looking for reliable overseas banking partners such as The Kingdom Bank, count on us. Our mobile first philosophy is simply the most convenient international bank system in Mexico. 

Overseas Mexican banking is quite easy these days, thanks to progressive firms such as The Kingdom Bank. 

Our all-in-one, globally accessible banking services allow you to open approved foreign accounts, access your funds, and conduct financial transactions from any point on the globe with just a few clicks. 

The Kingdom Bank, if you need to bank in Mexico easily and safely abroad, is the name you’re looking for.