Money and Payments

How to Open a Bank Account as a Newcomer in Mexico City

Which Mexican banks and apps work for foreigners without an RFC.

Action checklist

Complete these steps in order for the fastest, safest setup.

1Nubank Mexico: opens with passport + phone only — best for new arrivals
2BBVA Mexico: most widespread ATM network — bring passport + address
3Get an RFC (Mexican tax ID) at SAT — takes 30 minutes and is free
4SPEI instant bank transfers: learn how to use — it's Mexico's payment backbone

City context: Dubai

These steps are tailored for newcomers in Dubai. Costs, availability, and requirements may differ in other cities — switch the city selector above to switch context.

Read what residents say about Money and Payments in Dubai

Money and Payments

How to Open a Bank Account as a Newcomer in Mexico City

Which Mexican banks and apps work for foreigners without an RFC.

Action checklist

Complete these steps in order for the fastest, safest setup.

1Nubank Mexico: opens with passport + phone only — best for new arrivals
2BBVA Mexico: most widespread ATM network — bring passport + address
3Get an RFC (Mexican tax ID) at SAT — takes 30 minutes and is free
4SPEI instant bank transfers: learn how to use — it's Mexico's payment backbone

City context: Dubai

These steps are tailored for newcomers in Dubai. Costs, availability, and requirements may differ in other cities — switch the city selector above to switch context.

Read what residents say about Money and Payments in Dubai