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"certified Cheques"?


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#1 Dave_in_Ont

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Posted 19 June 2017 - 02:14 PM

We have a bank account at Banjercito in Progreso, but we are currently in Canada for the summer. I have been thinking about buying a newer vehicle when we return to Mexico in the early fall. I don't care for the idea of carrying a sack full of pesos to a car dealership and was wondering if Mexican banks do certify cheques? Just thinking that a dealership would be more accepting of a certified cheque rather than a regular cheque that they might have to wait for a period of time for it to clear?


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#2 ChuckD

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Posted 19 June 2017 - 02:36 PM

We've never needed a certified cheque for any large purchases. Everybody takes cheques and there has never been a concern.

No issue with cash either. I've seen people walk out of HSBC with bundles of cash in hand. We bought our car with cash

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#3 jiminchelem

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Posted 19 June 2017 - 03:14 PM

Bank Card = transfer of money from your bank



#4 candu

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Posted 20 June 2017 - 09:45 AM

cash is king here, everyone wants cash so they can hide funds from the MX government.

 

a friend of mine bought a home here and the Mexican seller insisted on 1 million pesos in cash, a shit load of bills was passed over. 



#5 jiminchelem

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Posted 20 June 2017 - 02:19 PM

If he's hiding the correct amount of the sell, he is also hiding the correct amount that you paid also!



#6 Dave_in_Ont

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Posted 20 June 2017 - 02:47 PM

I am absolutely aware that "cash is king" and we have always used cash for everyday transactions, including fairly large transactions for vehicle repairs, over the years.

 

I'll just ask the dealership when I am shopping around.


Driving Through Mexico


Eleven years snow free, and still counting on my luck!!!





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