I am curious if anyone has any advice about banking and/or traveling with money...
Long story short:
I will be traveling/living in Tulum, Mexico in two months (coming from NYC) for at least half a year...(I may also travel to Colombia for 3 weeks)...
- I plan to close my bank account in the USA for personal reasons (I need to, long story involving student loans & the fear of bank freezing while out of the country for a long period of time).
- I have a large amount saved for living etc.
- I have a paypal account in the USA...
What the safest, most economical, and easiest way to store or send money etc. I am aware that you need certain Visas to open an account in MX, which I may not be able to do...I looked into Bancomer, but it is unclear what I would need to open an account as a foreigner...I will be most likely living with a 180 day FM. I can have a family member in the states hold the majority of my funds for me and send as needed to me in MX but I am afraid all the money transfers may be costly...Anyone have any good advice? Also, in the event that I make some money in the US via telecommuting on the computer how would I cash this? Paid through paypal? Or can I cash a US check in MX...and without a MX or US account...? Any advice would be great! Thanks!
Long story short:
I will be traveling/living in Tulum, Mexico in two months (coming from NYC) for at least half a year...(I may also travel to Colombia for 3 weeks)...
- I plan to close my bank account in the USA for personal reasons (I need to, long story involving student loans & the fear of bank freezing while out of the country for a long period of time).
- I have a large amount saved for living etc.
- I have a paypal account in the USA...
What the safest, most economical, and easiest way to store or send money etc. I am aware that you need certain Visas to open an account in MX, which I may not be able to do...I looked into Bancomer, but it is unclear what I would need to open an account as a foreigner...I will be most likely living with a 180 day FM. I can have a family member in the states hold the majority of my funds for me and send as needed to me in MX but I am afraid all the money transfers may be costly...Anyone have any good advice? Also, in the event that I make some money in the US via telecommuting on the computer how would I cash this? Paid through paypal? Or can I cash a US check in MX...and without a MX or US account...? Any advice would be great! Thanks!