Foreign visitors often find very inexpensive
goods and services in Mexico.
is not unusual to encounter minor inconveniences when conducting
bank transactions in Mexico. For example, recent Mexican banking
laws prohibit banks to cash bank drafts or money orders drawn from
foreign banks. Bank accounts can only be opened by Mexican
nationals or foreign residents who have valid FM-3 visas.
It is also not possible to open a US dollar account for personal
use. US Dollar accounts are only available to businesses.
ATM and bank machines are common and most recognise international
networks, such as Visa, Cirrus, Plus, and Red. Occasionally
it can be difficult to obtain a large amount of cash from a bank
The only currencies that can
be easily used are Mexican pesos and US dollars. Other currencies,
including Canadian and German, can be almost impossible to use or
exchange, even at a bank.
You can further avoid frustration by coming
prepared with cash, widely recognised traveller's checks, and credit