Quote:
Originally Posted by sparks
The age requirement is 55 for retirement and you would qualify with monthly transfers from a second account. Personally I would not try the money shuffling between a Mexican and US bank. Remember you have to transfer both ways each month unless you have a large savings account that doesn't need to be replenished.
The standard minimum on an ATM exchange is 1% ... and it could be that much or more if your checks are deposited directly to a Mexican bank. They don't exchange for free. Additional fees using an ATM will depend on the US bank you use.
IMSS will be available to you but at a premium with a preexisting condition
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I would doubt that I would be fortunate enough to have a large savings account that would not need to be replenished. I'm proceeding on a shoe string budget!
My bank in the US is Citizens Bank which is a multi-state banking operation in the northeast and New England states. Correct me if I'm wrong, but your advice would we to deposit my SS payments in a US bank and then withdraw it from a Mexican ATM? Would I receive $US or MXN pesos? What about the conversion rate?
I'll need to take IMSS at the prevailing rate as my medical condition does not permit going without health insurance. That would be a real role of the dice!