Question 1

Is BBVA USA and BBVA Mexico the same?

Accepted Answer

BBVA is actually a bank from Spain that has opened its local companies all over the world, especially in North America and Latin America.

BBVA USA and BBVA Mexico are not the same as they are following local rules. Meaning, opening a BBVA USA bank account is not the same process as BBVA Mexico.

Question 2

How do I open a BBVA bank account in Mexico

Accepted Answer

You have to be in Mexico to open a BBVA bank account. Make sure you have the complete requirements but the main requirement is the Mexican residency card/status. Both permanent and temporary visas are accepted by BBVA Mexico.

Question 3

Can I open a Bancomer bank account online?

Accepted Answer

So far, at the date of the writing of this article, only Mexican citizens are allowed to open a Bancomer bank account online. Foreign nationals (even resident card holders) are required to appear in person at any BBVA branch.

Question 4

Can I open a bank account in Mexico in US dollars?

Accepted Answer

ABSOLUTELY. As soon as I opened my Mexican peso account with BBVA, they asked me if I want to open a USD account and I said yes since they already had all my documents.

The minimum deposit to open a US dollar account in BBVA Mexico is US$300 and you can never go below that balance. Otherwise, they will charge you a monthly fee of US$40.

Question 5

Is BBVA Mexico and Bancomer the same?

Accepted Answer

As a local subsidy of BBVA Spain, Mexico re-branded their BBVA branding to BBVA Bancomer. Mexicans use the term BBVA or sometimes the Spanish shortcut "BBV" (be-be-u) or simply the word Bancomer. Today, BBVA Mexico's main operation name is BBVA Bancomer.

Banking in Mexico

How to open a BBVA Bancomer bank account as an expat or foreigner