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If I am considering buying a home, how do I get my money into Mexico?

While you are at the bank getting Mexican pesos, go and talk to your friendly Bank manager. Mention that you may be considering purchasing a home in Mexico and need to know what the Bank’s rules and procedures are for initiating wire transfers. Real estate transactions here require a minimum of a 10% initial payment. Money laundering rules between the USA, Canada & Mexico require full disclosure. Cash and cheques are not accepted. Only a wire transfer will work. Your Bank will not initiate a wire just by you picking up the phone while in Mexico and requesting that funds be sent. Complete a form, or whatever instructions your Bank requires before you leave. Then when you are ready to make an offer, you will be able to contact your Bank and easily complete a wire request. Check our ’Real Estate in Mexico video series´ for more information.