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Yes, you can open a Mexican bank account as a foreign/natural Mexican citizen- even as a tourist You'll need a valid passport, a Valid resident visa in Mexico (card) for the larger banks like BBVA Bancomer, Citibanamex, Banorte, and Santander You will need a valid tourist card in...
The 2016 and 2017 Surveys of Consumer Payment Choice: Summary Results The Surveys of Consumer Payment (SCPC), 2016 and 2017, are part of a series of annual studies that examines the payment behavior of U.S. citizens. This paper presents the SCPC's latest editions, their content and methodology. It...
Officially, Federal law requires that cash transactions exceeding $10,000 must be reported by filing IRS form 8300 PDF Report of Cash Payments Above $10,000 Received in Trade or Business (Source). Unofficially, according to a Reddit user, the IRS reporting rules can be triggered by cash transfers between two...
Yes, a felon can open a bank account, as long as you pass through ChexSystems or other traditional types of verification the bank may perform ChexSystems is a consumer reporting agency that tracks people who have shown misuse of their checking or savings account Felons might run into...
When the government wants to mark and track currency, these bills have invisible markings, thanks to UV ink technology. These UV markings can be detected by reliable counterfeit bill detectors and pens. This ensures accurate counterfeit detection since counterfeit $20s and $100s are much more common than people...
Federal law does not require that private businesses, individuals, or organizations accept cash as payment for goods and services. Private businesses can decide whether or not to accept cash, unless a state law prohibits them from doing so (Source). Only New Jersey, Rhode Island, Connecticut and Massachusetts have...
The process of printing money is not as simple as it might seem. There are many factors that go into the production of obtaining and distributing the currency that we use on a daily basis. The printing process starts with a blank bill. The bills are then cut into individual...