Fees on cash deposits

Discussion in 'Living in Cancun' started by V, Feb 3, 2012.

  1. V

    V I can choose my own title Registered Member

    Apr 2, 2009
    Likes Received:
    Cancun, Centro
    +6 / 0
    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.
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