BANKING AND CURRENCY EXCHANGE

Banking is not an easy proposition in Mexico, though it has gotten better over the years. Compared to the States, the system seems Byzantine and requires a lot of patience. If you are visiting Taxco as a tourist or traveler, it is not much of an issue. 

If you are in Taxco as a buyer, banking can sometimes become difficult. When you get to know your suppliers, they will usually accept your personal checks. Before that happens, be sure to have plenty of cash, traveler's checks, your check book, your cash advance card, and your credit cards. One of these is sure to work.

When you run into someone who is unwilling to accept your personal check, don't take it personally. When a check bounces, even innocently, people here have lost their businesses and even their homes. They are giving you a great vote of confidence when they accept a check. Cash is always easiest!

BANKS
There are several banks in town; most of them are within spitting distance of the zócalo or town square. In the morning, most will exchange US cash or traveler's checks for pesos. You can also request a credit card advance. All but US cash have at one time or another been refused at all of the banks here in Taxco. Though cash advance machines have improved things greatly, the most popular one was shot last year and you would have been out of luck for a week or two until it was repaired. Always keep your options open. Bring some of everything!

To open a bank account is not always easy either; oftentimes you have to have a local person willing to give you a reference. This is serious business because if the bank has a problem with you, they have the legal right to settle the problem with the person who recommended you. That means the local person who trusted you will be charged the amount the bank feels you owe. If it is a large amount, you could literally put someone out of their own home. Mexico has no bankruptcy protection laws. The banks take everything.

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So, that said, it can all be worked out. There are people in Taxco who regularly cash checks. Get to know them. Be sure that your checks are good before you write them or cash them. Plan ahead. You have an idea what money you will need; don't wait to get it until the last moment.

Banamex, Calle Benito Juárez, just across from Ex Convento.
Hours: 9:00 A.M. to 4:00 P.M. Monday through Friday.
Be sure to take a number on the left as you walk in. Otherwise you could be waiting a very long time.

BANKING--MONEY CHANGERS

BANKING--CHECK CASHING

Comercializadora Carsi, S.A. de C.V., Benito Juárez #23-C in the Estrada Shopping area by Ex Convento.
Tel: (762)622-3824  Fax: (762)622-8082
Email: [email protected]
Owners Name: Sr. Jose Gerardo Carsi Rodriguez
Hours: 9:30 A.M. to 3:00 P.M. and 4:30 to 8:00 P.M. Monday through Saturday
Type of Business: Sr. Carsi offers two important services. He sells guaranteed 99% pure and exactly weighed silver called granilla in both retail and wholesale quantities. He also gives the best exchange rate for monetary instruments including checks and travelers checks.

BEAUTY SALONS see HAIR STYLISTS

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BUSINESS SERVICES AND SUPPLIES see STATIONARY

BUYERS ASSISTANTS see SILVER PAGE 1