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Living is Good at Lake Chapala


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INSIDE LAKESIDE :: Out on the Mirador - General discussion

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Post by Trailrunner Thu Nov 14, 2019 5:32 pm

Mexican bank accounts with no activity for 3 years can be considered abandoned and closed.

This may have happened to me.
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Post by kiko Thu Nov 14, 2019 5:38 pm

Bancomer told me they take the funds after two years of no activity.
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Post by Trailrunner Thu Nov 14, 2019 6:03 pm

Law says 3 years. I'm going in tomorrow. MVa. Didn't get the 90 day letter. Vamos a ver.
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Post by Irish Gal Thu Nov 14, 2019 10:30 pm

To answer your question, No, I didn't know that Mexican banks can take your money if your account is inactive for three years. Another reason to keep money in north of the border bank accounts which are insured by the government.

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Post by Trailrunner Fri Nov 15, 2019 7:13 am

It is/was just a peso account. Luckily I subscribe to the philosophy to never invest more in MX than I can afford to lose. I will talk to them today.
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Post by Gamina Fri Nov 15, 2019 9:13 am

Irish Gal wrote:To answer your question, No, I didn't know that Mexican banks can take your money if your account is inactive for three years.  Another reason to keep money in north of the border bank accounts which are insured by the government.  

Abandoned accts in the US are confiscated too. Insurance has nothing to do with abandoned accts, only with the bank failing.
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Post by Plan B Fri Nov 15, 2019 9:39 am

Trailrunner wrote:It is/was just a peso account. Luckily I subscribe to the philosophy to never invest more in MX than I can afford to lose. I will talk to them today.

Use it or lose it!
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Post by Trailrunner Fri Nov 15, 2019 12:21 pm

ALL IS WELL WITH THE WORLD! It's a beautiful day. Monica and MV are the best! Life is good.

mariachi

Now, back to lock him up!
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Post by Irish Gal Mon Nov 18, 2019 10:27 pm

That's great news, TR.  flag waver

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INSIDE LAKESIDE :: Out on the Mirador - General discussion

 
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