Bringing More Than $10,000 Usd Into Mx

absoluteAL · 06-11-2005

What happens if you bring into MX (through Cancun Airport let's say) more than $1,000 USD? I assume that you would check the box on the MX Custom Form that shows that you are bringing into MX more than $1,000. What happens then? Do they (MX Customs) actually check to see? Does anyone have any experience with this situation? THANKS.

06-11-2005

Quote:

Originally Posted by absoluteal

What Happens If You Bring In To MX (through Cancun Airport Let's Say) More Than $10,000 USD? I Assume That You Would Check The Box On The MX Custom Form That Shows That You Are Bringing Into MX More Than $10,000. What Happens Then?

Err....umm...so where's the party??

Shawn

Sand Flea · 06-11-2005

I want to vacation with your crew!

**ryberg** · 06-11-2005

Yeah, it's a little hard to get past the smart answers on this one, I admit! One cannot help but wonder why any person would want to have that much cash on his/her person at any time, whether entering Mexico from the U.S. or whatever.

Is that the limit for entering Mexico without declaring the amount? That's the limit for entering the U.S. without declaring, I believe.

Anyway, I cannot imagine that you could just check a box that announces that you have USD 10,000 or more in monetary instruments in your possession and they'd just say, "Ah, OK, thanks -- have a good trip!" and wave you on.

Maybe it's just me, but I don't think so...

Steve

absoluteAL · 06-11-2005

Quote:

Originally Posted by Sand Flea

I want to vacation with your crew!

SANDFLEA, depends on whether or not you are male or female!! I am male, single (never married), and old enough.

absoluteAL · 06-11-2005

[quote=ryberg]Yeah, it's a little hard to get past the smart answers on this one, I admit! One cannot help but wonder why any person would want to have that much cash on his/her person at any time, whether entering Mexico from the U.S. or whatever.

Is that the limit for entering Mexico without declaring the amount? That's the limit for entering the U.S. without declaring, I believe.

Anyway, I cannot imagine that you could just check a box that announces that you have USD 10,000 or more in monetary instruments in your possession and they'd just say, "Ah, OK, thanks -- have a good trip!" and wave you on.

Maybe it's just me, but I don't think so...

RYBERG: Yes there is a box that has to be checked on the form given to Customs as you enter the Customs area of the airport. You get the form on the airplane. I have an account a Scotia Bank (in Playa) but have not figured out how to wire money into the account - there are no Scotia Banks in the USA and was told by Scotia Bank in Canada that money can not be wired from a Scotia Bank in Canada to a Scotia Bank in Mexico.

**james** · 06-11-2005

It's pretty common to carry a thick stack of large bills in a pocket. This doesn't get checked, or so I've been told.

**ryberg** · 06-11-2005

Quote:

Originally Posted by absoluteal

I have an account a Scotia Bank (in Playa) but have not figured out how to wire money into the account - there are no Scotia Banks in the USA and was told by Scotia Bank in Canada that money can not be wired from a Scotia Bank in Canada to a Scotia Bank in Mexico.

You can wire from any bank to bank internationally, you just need the Swift code of the bank you're wiring to. We also have an account with Scotia Bank/Inverlat and receive international wire transfers there, as we did when we previously had an account at Banorte, also not in existence as such outside of Mexico. In many cases an intermediary bank may be used. Fees vary a lot but there's no problem in doing it and you may find the fees are fine given the peace of mind of never having to withdraw, carry and then deposit that money again.

Steve

Michael · 06-11-2005

…….but people wire money to their Scotia bank accounts in Mexico all the time.

As you have noticed the Mexico customs form is contains words to the effect that.
Bringing in more that $10,000 in cash is not illegal, but not declaring it is.

This is for the same reason the US government is notified when I wire more than $10K between bank accounts. It is in order to give them a chance to check to see if I am a drug dealer or money launderer.

I’ve never had Mexican customs search of my pockets. And for a while they did take a great interest in my luggage but they never looked in my pockets.

I would imagine that if you declare the money there is some kind of form so they have a record of who you are and how much you are carrying.

Jacko · 06-11-2005

Quote:

Originally Posted by michaelholmes

…….but people wire money to their Scotia bank accounts in Mexico all the time.

As you have noticed the Mexico customs form is contains words to the effect that.
Bringing in more that $10,000 in cash is not illegal, but not declaring it is.

This is for the same reason the US government is notified when I wire more than $10K between bank accounts. It is in order to give them a chance to check to see if I am a drug dealer or money launderer.

I’ve never had Mexican customs search of my pockets. And for a while they did take a great interest in my luggage but they never looked in my pockets.

I would imagine that if you declare the money there is some kind of form so they have a record of who you are and how much you are carrying.

And I have see the same cash transfer and form trigger an IRS audit!

Michael · 06-11-2005

Quote:

Originally Posted by Jacko

And I have see the same cash transfer and form trigger an IRS audit!

I’ve been doing wire transfers of amounts over 10K for 15 years and I am still waiting for my first IRS audit.

Ginger · 06-11-2005

Quote:

Originally Posted by michaelholmes

I’ve been doing wire transfers of amounts over 10K for 15 years and I am still waiting for my first IRS audit.

Oooo, Michael, I wouldn't tempt fate, go knock and some wood and fast!!

I wish I had 10k to transfer.......

or even two bank accounts to transfer between.

SarahB · 06-11-2005

A guy that I know has brought in a lot of money in his wallet many times (for house building, car purchase, etc.) He doesn't declare it. He's never been caught. Not sure that I'd recommend it, but that's what he does! It does seem a little scary to carry that much cash and tell someone. I think I'd figure out the transfer!

**Bumper** · 06-11-2005

Quote:

Originally Posted by Ginger

I wish I had 10k to transfer.......

K K K K K K K K K K K
There ya' go Ginger...my gift to you. Oops...that's 11 K..aw, what the heck...keep the change!

Quote:

Originally Posted by Ginger

or even two bank accounts to transfer between.

"or a window to throw it out" to quote part of a real old saw!

JAH · 06-11-2005

When we were building our house we routinely brought in $10,000 in cash each. One time we didn't split the amount between our carry-ons, and in a search of Don's bag at airport security, it was discovered. The police were called in and a background search was run on him. This was all in the the U.S. Since Don owns the software and company that tracks all the crooks in Indiana, we found it all rather amusing. The policeman in charge at the airport recognized the name, and appeared in person falling all over himself apologizing for what had occurred. He was a former state policeman and knew Don. After a short delay, we were sent on our way. From then on we were more careful to split it between us. We also never carried it in a bank envelope again. It was a dead giveaway.

06-11-2005	#1 (permalink)
absoluteAL añejo Join Date: Nov 2004 Location: PDC norte Posts: 1,915	Bringing More Than $1,000 Usd Into Mx What happens if you bring into MX (through Cancun Airport let's say) more than $1,000 USD? I assume that you would check the box on the MX Custom Form that shows that you are bringing into MX more than $1,000. What happens then? Do they (MX Customs) actually check to see? Does anyone have any experience with this situation? THANKS. Last edited by absoluteAL; 03-09-2006 at 05:14 PM..

06-11-2005	#7 (permalink)
james beach geek admin Join Date: Apr 2001 Location: 10 year Playa resident lost in Kullavik, Sweden Posts: 9,928	It's pretty common to carry a thick stack of large bills in a pocket. This doesn't get checked, or so I've been told. __________________ Get your own signature countdown image!

06-11-2005	#3 (permalink)
Sand Flea beachaholic Join Date: Feb 2004 Location: AHHHH - living back in Texas! Posts: 255	I want to vacation with your crew!

06-11-2005	#4 (permalink)
ryberg playa maya guy Join Date: Sep 2002 Location: real America Posts: 11,980	Yeah, it's a little hard to get past the smart answers on this one, I admit! One cannot help but wonder why any person would want to have that much cash on his/her person at any time, whether entering Mexico from the U.S. or whatever. Is that the limit for entering Mexico without declaring the amount? That's the limit for entering the U.S. without declaring, I believe. Anyway, I cannot imagine that you could just check a box that announces that you have USD 10,000 or more in monetary instruments in your possession and they'd just say, "Ah, OK, thanks -- have a good trip!" and wave you on. Maybe it's just me, but I don't think so... Steve

06-11-2005	#6 (permalink)
absoluteAL añejo Join Date: Nov 2004 Location: PDC norte Posts: 1,915	[quote=ryberg]Yeah, it's a little hard to get past the smart answers on this one, I admit! One cannot help but wonder why any person would want to have that much cash on his/her person at any time, whether entering Mexico from the U.S. or whatever. Is that the limit for entering Mexico without declaring the amount? That's the limit for entering the U.S. without declaring, I believe. Anyway, I cannot imagine that you could just check a box that announces that you have USD 10,000 or more in monetary instruments in your possession and they'd just say, "Ah, OK, thanks -- have a good trip!" and wave you on. Maybe it's just me, but I don't think so... RYBERG: Yes there is a box that has to be checked on the form given to Customs as you enter the Customs area of the airport. You get the form on the airplane. I have an account a Scotia Bank (in Playa) but have not figured out how to wire money into the account - there are no Scotia Banks in the USA and was told by Scotia Bank in Canada that money can not be wired from a Scotia Bank in Canada to a Scotia Bank in Mexico.

06-11-2005	#9 (permalink)
Michael añejo Join Date: Apr 2002 Location: Silicon Valley, California Posts: 4,163	…….but people wire money to their Scotia bank accounts in Mexico all the time. As you have noticed the Mexico customs form is contains words to the effect that. Bringing in more that $10,000 in cash is not illegal, but not declaring it is. This is for the same reason the US government is notified when I wire more than $10K between bank accounts. It is in order to give them a chance to check to see if I am a drug dealer or money launderer. I’ve never had Mexican customs search of my pockets. And for a while they did take a great interest in my luggage but they never looked in my pockets. I would imagine that if you declare the money there is some kind of form so they have a record of who you are and how much you are carrying.

06-11-2005	#13 (permalink)
SarahB añejo Join Date: Jul 2004 Location: Playa...now Iowa Posts: 2,898	A guy that I know has brought in a lot of money in his wallet many times (for house building, car purchase, etc.) He doesn't declare it. He's never been caught. Not sure that I'd recommend it, but that's what he does! It does seem a little scary to carry that much cash and tell someone. I think I'd figure out the transfer!

06-11-2005	#15 (permalink)
JAH reposado Join Date: Apr 2001 Location: Indiana Posts: 1,322	When we were building our house we routinely brought in $10,000 in cash each. One time we didn't split the amount between our carry-ons, and in a search of Don's bag at airport security, it was discovered. The police were called in and a background search was run on him. This was all in the the U.S. Since Don owns the software and company that tracks all the crooks in Indiana, we found it all rather amusing. The policeman in charge at the airport recognized the name, and appeared in person falling all over himself apologizing for what had occurred. He was a former state policeman and knew Don. After a short delay, we were sent on our way. From then on we were more careful to split it between us. We also never carried it in a bank envelope again. It was a dead giveaway.

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