Can you open an account with Capital One if you're living in Mexico?

 

There it is. That's the question.

 

Another route is to open a checking account with Charles Schwab. They reimburse all ATM fees, no matter the location.

 

From what I have read on another forum, to open an account with Charles Schwab, you need a US address and a US driver's license.

 

We have the Citibank Global Executive account and also we have no atm fees anywhere in the world plus a great FX rate. Yes we have a permanent mailing address in the US and also have US drivers license.

 

What kind of minimum balance does this account require?

 

Contacted citybank, looks like they have 2 options:

citybank
global executive account - 800.568.8555
minimum balance - 25K
no atm fees
global transfers are free, can be performed online.
maximum amount per business day 1K per day
$30 for wire transfers


citybank
premier gold account - 800.374.9500
minimum balance - 50K
no atm fees
global transfers are free, can be performed online.
maximum amount per business day 50K
$30 for wire transfers

 

Regarding Schwab, some possibly crucial distinctions are being made here on the boards. When I opened my Schwab account I was living NOB. As I recall I was required to go into their office for final verification of the arrangements I made online. I just got off the phone with them in an attempt to verify that their 100% fee reimbursement policy for ATM usage is not about to change. Their representative was not even aware that there is a raging issue over Dodd/Frank's Regulation E and BoA's unannounced and retro-active changes in this regard. He told me that Schwab isn't contemplating any such change but he isn't on top of his game. Schwab reps. are well known for their highly competent service but if he didn't even know...well. Schwab's international Collect # is 1-317 596 4501 Their US toll free is 1 888 403 9000.

I'd hate to see somebody now in Mexico think that their problem is solved only to find out that they can't set it up because they are out of the States. And then who knows, maybe Schwab will announce next month that they disavow the reimbursements. Posts like these saved my bacon. I don't move to Mexico for another four days so I had just enough advance warning (no thanks to BoA) to do the switcheroo. Viva los expat forums!

 

One thing I've wondered about. Walmart has reloadable charge cards. Is it possible to reload them from anywhere, over the phone? Might be away to use a "credit card" without worrying about losing too much money.

 

Recently Google announced they will be offering a physcal wallet card, which ties to their google wallet program...might be another option over wallmart.

Full FAQ is available online.

 

Is that in the USA? Walmart of Mexico is not the same as in the USA.

 

When I checked online, Mexico is one of the countries recognized for google wallet.

I would recommend you checkout the FAQ online.