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Re: new cash bank deposit changes

Posted by Jon on April 18, 2010, 3:52 pm, in reply to "Re: new cash bank deposit changes"

This new rule is one of several that have been implemented over the last year or so with this specific intent, as reported in El Mural and passed on in English by the Guad Reporter. Couldn't tell you which edition, though, sorry.
Banco Multiva is located in Mexico with a branch in Ajijic. Once you have set up an account, all transactions can be handled by Email and internet, especially if you open an, even small, investment account. How's this for bank service: My account rep, Laurie Clark, took the rent checks from our tenant and deposited them into our checking for the last six months. Then she Emailed me to say that she hadn't received a check for April (since the tenant paid first and last month and is leaving the end of April). She transfers money from investment to checking any time I Email her, even though I could do it myself on line. And they charge nothing for these kinds of transactions, nor for cashing checks. They don't nickel and dime you like it is said Lloyd's does. The down side? One would have to take a trip to Ajijic or DF to open an account and they don't offer a bill-paying service, though they say they are working on it. On the investment side, we have two 30-day CETES that we roll over every month. They are paying, last time I looked, about 4%. That's down from 7.5% when we started a couple of years ago, but still pretty good and about, "they say," to go up again (Source: The News, Mexico, DF).

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