Our condo administrator recently said he would no longer accept payments made in cash, deposited directly into the condo bank account, because the bank was now charging him 3% of the deposit as a fee! I'm aware of a 1.5% Federal Tax on cash deposits on anything above a total of 15,000 pesos in a given month, but not of a fee charged by banks, generally, on cash deposits. Anybody had any experience with running larger amounts of cash through a peso account? Deposits to my account are always by electronic transfer, so I haven't, yet.
