Dear Clients and Friends:
This is to inform you that as of October 7, we will be offering the service of exchanging $US checks from United States banks to our customers
As you all know, the banking regulations in the United States are becoming more demanding, which resulted in a union problem in Mexico whereby, a couple of months ago, all banks, and especially those with currency exchange activities, were forced to stop cashing checks.
CIBanco sought alternatives to continue providing the service to our customers. This has not been easy but we have finally managed to get a bank service to deposit checks
This service is only for CIBanco, so we will be the only bank that can provide this service with a preferential rate.
You need to take into account that there will be some changes in the way we operate and we must follow certain policies from now on. We must be very careful not to waste this opportunity.
CIBanco’s objective is to provide service to our customers who really do need liquid money so we will have certain restrictions such as:
The minimum amount for changing a check will be $US 500 and the maximum $US10,000.
Currently, we cannot accept traveler’s checks
Josefa Jonguitud Zuñiga