Here is a list of those nasty hidden bank charges from a very popular northern Mexican bank, Banorte:
Banorte
No minimum balance required
1000 pesos to open an account
$3 (u.s.) monthly account charge
ATM withdrawal fees:
Banorte or other bank ATM no charge
Withdrawal from ATM in the U.S. $3 (u.s.)
Bank transfer via internet $0.25 (u.s.)
Additional account statement mailed $2.25 (u.s.)
Token (USB) for internet banking $3.50 one time fee (u.s.)
Companies, government offices, teachers, just about anyone who is a registered worker receives their salary via bank deposit. My salary from the small schools I work in, is paid via bank transfer to my bank account.
All IMSS pensions (any Mexican who worked and paid taxes receives a pension from IMSS with a maximum of 40,000 pesos per month) all pensioners receive their pension via bank transfer and use a debit card to pay for items or to withdraw money.
