Money and Payments

Salary Account vs Basic Account in Mexico City

Choosing the right Mexican bank account for your income situation.

Action checklist

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

1Nubank Mexico: best for foreigners — no fees, no RFC required initially
2BBVA Mexico: most widespread ATM network if you need cash frequently
3Wise Mexican account (CLABE): receive MXN from SPEI transfers at low cost
4OXXO Pay: useful for cash bill payments until full banking is set up

City context: Mexico City

These steps are tailored for newcomers in Mexico City. 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 Mexico City

Money and Payments

Salary Account vs Basic Account in Mexico City

Choosing the right Mexican bank account for your income situation.

Action checklist

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

1Nubank Mexico: best for foreigners — no fees, no RFC required initially
2BBVA Mexico: most widespread ATM network if you need cash frequently
3Wise Mexican account (CLABE): receive MXN from SPEI transfers at low cost
4OXXO Pay: useful for cash bill payments until full banking is set up

City context: Mexico City

These steps are tailored for newcomers in Mexico City. 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 Mexico City