Originally Posted by pornguy

Just be careful of the bank you choose to use. Banks in the US have far reaching hands.

When I first moved to Mexico, we decided to open an account here, and checked out a few. We were chatting with one of our neighbors, ( retired here 10 years ago ) and they told us not to use Banamex. We inquired, and they said that it is owned by Citi Bank, and had been reporting the money in the americans accounts to IRS.