Title | : | The Best Way to Move Money to Mexico (and Much More) |
Lasting | : | 8.04 |
Date of publication | : | |
Views | : | 51 rb |
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Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
br bitly/3SICdD0
brQroo Paul's Top Pick to Learn Spanish
br youtube/Nzc1oRSAPQ0 Comment from : Qroo Paul & Linda |
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Does this work for Canadians too? Comment from : Escaped From Chanada |
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Is there something to work with Canadian dollars Comment from : gregory mandzuk |
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Does this App work with Canadian dollars? Comment from : Geordie Seed |
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Do you still recommend this? Comment from : Sadie |
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I now use Wise (formerly Transwise) to tranfer money to a bankaccount in Mexico You get a good rate low charges and the money arrives in seconds So you know exactly how many Pesos will arrive (in seconds) The same should work with the bank N26 Comment from : Markus Tilgner |
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Oh man, I don't have a Mexico address yet Comment from : eye sea |
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Hi Qroo, I am a long time fan of yours and your excellent content Just wondering if you have seen or heard about a few people out there talking smack about Dolarap and your thoughts youtube/dCSNeELpUnY Comment from : Ray L |
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Hi Paul, I downloaded the DolarApp and don’t see how to move money from Mexico to the US I see only how to initialize the DolarApp account with money from a US bank account I need to put money into the DolarAop from my Mexican account so that I can move it to my US account Comment from : Alan McKean |
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Thank you! This was extremely helpful 👍🏾 Comment from : Journey |
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Great content! A great topic would be for residents that live in Mexico but work full-time (W-2) online for a US company that does not have a presence in Mexico Specifically, the tax implications with the IRS and SAT Thank you! Comment from : Lee Martinez |
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Looks like they took away the Crypto Asset transfer Know any other card system that uses USDC? Comment from : Phillip Obertubbesing |
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How beneficial is this to dual citizens ? Comment from : Mid Nite MetaTalk |
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It is my understanding that you can get your social security payment deposited in your Mexican bank account at a very attractive exchange rate I have not tried it FYI Comment from : Brian moran |
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Can you do scheduled transfer from a US dollar account to a Mex bank (Not my account} in MXN Approx 300 USD weeklu Comment from : First Last |
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Hey Paul,brThank you for what you do I also live in QRoo, Bacalar in particular I have a question about using the card to get cash (pesos) Do any banks in Mexico accept the card to retrieve cash? Ie Scotiabank, Intercam etc?brLaurie Ann Comment from : Laurie McLean |
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This is awesome! Comment from : Charles lasich |
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There's a bank there that was stealing several expats money that they had nothing left Comment from : Mckenna |
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Be advised that USDc did lose it's dollar peg for a short period of time due to Circle lost a considerable amount of money when SVB went belly up It sank to about 88 for a couple days before rebounding back to 100 Comment from : Joe Keating |
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How does it compare to wise? They issue a debit card too and send it to a US address (but no cash back and the charge to load the account) It can be used to pay in pesos, but it might not be considered as a Mexican debit card This app sounds great but not applicable to tourists Comment from : BBRebozo |
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Awesome video!, thanks, just what I was looking for Comment from : Tfan |
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It's been a few months Is this still the best method for you? Comment from : IUsedToDoALittle ButALittleWouldntDo |
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I've just found that Intercam Bank no longer allows third party transfers Is this a trend? Do other Mexican banks allow third party transfers? Comment from : whonu5 |
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This is a non-bank taking your dollars and giving you a crypto coin in exchange for them The exchange rate is not set by law, it is not guaranteed by anyone except this company All if the assurances are given only by the people you are handing actual US Dollars to br One very big red flag is the feature that you mentioned liking, the "real time balance" showing you that you are earning money every second But it's showing you hundredths or thousandths of a penny! This is a blatant attempt to GAMIFY the process to make people feel like they are playing and winning a game Constant positive changes on a screen are solely designed to GIVE YOU A DOPAMINE HIT!!! br I understand that you need to make money, and being a spokesperson for this company may look like it's a good idea at first But there are multiple subtle red flags showing manipulation by this company's sales speil Comment from : utubenewb |
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Once again thank you Comment from : Robert McMahon |
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Thanks for the video but this feels just like junk products influencers try to push I'll stick with other methods because 1 No FDIC, 2 Not holding dollars but instead a cryptocurrency! and 3 This would make my tax return a whole lot more complicated Comment from : Winston Voorhees Townsend III |
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I don't care how much you like Digital Currency, it's about the most foolish thing anybody can do because ultimately you lose control of that money If USD were completely digital you would lose control of your money because there would be NO cash The problem comes when the government doesn't want you to do something (ie buy gas on a certain) you won't be able to Look at the people who donated to the truckers in Canada, their accounts were blocked Never, never buy into this USDc, don't support it There is absolutely no reason to do it in the US or in this case Having traveled in very complicated places like Russia and lived in China I know what we did Typically problems with the credit cards is because they are Mastercard and they absolutely need the chip Visa worked, but we ultimately opened bank accounts in china to avoid problems Comment from : Far far Away |
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What do you need as a foreigner to open a bank account in mexico? Comment from : Eric Oftedahl |
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Wow! Great Informative and Financial information I have been losing money by withdrawing from local ATM's for almost 2 Years! Thank you for the great content! I have already downloaded Dolarapp! Comment from : darwin nolan |
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Omg thank you and thank you!! brbrI just wire transferred to a developer in mexico and due to the exchange rate the bank had it set for USD to pesos, they transferred it at 1750 pesos per dollar AND they charged extra $35brbrI calculated and I literally paid over $100 just because of their exchange rate profit plus the international fee of sending less than $3000 brbrSo if I am understanding this correctly, I can use the app to wire transfer to the developer’s account correct? Comment from : PK Kim |
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Dollar app is not for everyone and not the best option as transfers and not easy and have to be done to a bank location in US Plus, there are better options with more perks It wasn’t user friendly for us We opted towards working on getting RFC and opening an account Comment from : M Rivera |
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Hey whaaaat? I have an AmericanAirlines Credit Card (Mastercard US Based) and I can easly pay in 90 of mexican websites or businesses in the country (Mexico) What they tell you about not foreing cards is just lies They want you to pay in cash for their convenience Comment from : Ricardo Axel Padilla Gonzalez |
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Thanks! Super thankful for your knowledge sharing I am relocating in July, and have just recently opened a Charles Schwab acc But … this sounds much more advantageous- Comment from : Andrew |
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I'm presently being screwed by my attorney Sekuralaw I wish you had videos covering the true closing costs in Mx I trusted my lawyer who potentially can take me for over $50,000 usdbrbrEveryone should take concern buying property in Mx Its not what these videos portrait Comment from : TheJohne1962 |
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What is the best way to transfer large amounts Comment from : Wendell Boulware |
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Hi Paul, any thoughts on the best way to wire money to Mexico, for purchasing a condo? I use dolarapp for my day to day based on your recommendation, but curious your thoughts on moving large sums of money for purpose of buying a property Not sure I'd want to use dolarapp to move that much, but want to maximize the exchange rate Many thanks for your thoughts on this 🙏 Comment from : Ali Ladbon |
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Illegals do it all the time Comment from : Florida Man |
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You need to add that the worst customer support Comment from : Ron L |
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Hmm So who pays you the most is the best? Comment from : Kevin C |
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I am buying a house in Cozumel, but still living in US Can I payy electric bill with dolarapp? Comment from : Tim H |
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someone watching it after svb collapse? Comment from : Dr Quiros |
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I think you are all wet on this, I do transfers all the time and always get the best exchange rate on the day I show dollars , However I do not want to show you the method Comment from : Mike tessitore |
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I would be careful using this USDC recently de-pegged paying 90 cents to the dollar It's currently at 9998 so it's still a little de-pegged even now If the banks continue to go under this could be very dangerous If you use this definitely make sure to convert back to USD or Mexican Peso asap Do not leave a balance under USDC to mitigate any potential future losses under this stable coin Comment from : Luis Flores |
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Great info! brI really love watching your videos They are always so informative Comment from : Cumbia Dancer |
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I just can't do another apphonestly, what is the benefit of going thru all of this? Who backs your money? In your example, you used $15k What happens if there is fraud? Comment from : K Smith |
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Is Dolarapp same as having a Mexican bank account where it has to be reported ? Comment from : Juanin Elmascabron |
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You should have mention any affiliation with this company Comment from : R F |
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Is there a purchase fee? When I use it to pay for purchases in Mexico, will there be a fee for using it? Comment from : Rock Bottom |
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Ive been using WISE BUT i am Canadian Comment from : Vix Cru Amor |
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I guess it doesn’t work for Canadians? Any idea if there’s anything out there that does? Thank you Comment from : Kate Mitchell |
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Thank you, I've been quite frustrated not being able to use my US issued cards that I use all over the world here in Mexico I've been looking for a "prepaid" card to skirt the issue, but this will do the trick As always, you're vids are informative and straight to the point Really enjoying the Spanish lessons too! Comment from : bmb cges |
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hey Paul, do you know which Mexican banks pays the best interest rate on peso deposit? A secure tier one bank preferably Comment from : Vadim |
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We have permanent resident status in Mexico but still are stuck in Colorado USA can we open a dolar app act with no Mexican residence? we hope to sell our home here and move to Mexicao soon Comment from : Kenneth Flood |
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How can you put money into your Dolarapp if you don’t have a Mexican bank account? Comment from : Rock Bottom |
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It's this Bitcoin??? Comment from : Alejandro Vidaurri |
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Hey Qroo, Buenos noches, I haven't moved to Mexico yet, can I still get this app? Comment from : Daniel Monk |
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3 per per annum beats nothing but if real inflation is 10 after a year …blah blah blah… Comment from : Captain Kirk |
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Hi Paulcan I use the credit card to get cash at local banks of money exchange places in Mexico? Comment from : DrZee |
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Can I send and receive USDC with this app using an existing USDC wallet address? In other words I already have USDC purchased on Coinbase and I want to send it to Dolar without doing the ACH transfer Comment from : Japheth |
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Wow, I was using Paypal / Zoom to transfer them, but this sounds way better, thanks for the video, very good info Comment from : Geriuxx |
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really looking to use the card as i am waiting for the finice visa to be approved had the addresss in mexico but would not apporve because i not have a Mexican ID Comment from : paul muller |
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tried to sign up and would not allow me because i do not have a mexican Id card Comment from : paul muller |
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Say we are just acrossed the border and occasionally travel thru Baja Could we get a PO Box in TJ for DolaraApp to send a card to? Do they HAVE PO Boxes there?brbrWhat's the details on setting up a PO Box?brbrSeparately, the US has the only completely free domestic mail forwarding But what's the fees and arrangements to forward mail domestically or internationally in Mexico? (New video? 😉) Comment from : Rich Brooks |
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We started our DollarApp acct just afyer you posted this with the sole intent to get a vpass Well, it didn’t work Don’t know why?!?! Anybody have a suggestion? We tried 3 months in a row🤷🏻♀️ Comment from : Wendy Wyatt |
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The app asks if you live in either Mexico or Argentina sooo if you love in the US and want to use for traveling back and forth you may not use it ?? Comment from : Diana Xolocotzi |
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Since this card acts as a Credit card with your own money would it help me build credit in Mexico ?? Comment from : Diana Xolocotzi |
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Question, can I use wise to transfer money to a receiver even if they do not have a wise account Comment from : David Cryer |
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As of Jan 26 2023 at 3:50 pm the dolar App is down and not operative It says to update the login but the google play site does not process the screen info I have an account there and a transfer pending from my US bank I have been trying for an hour bur no responses I am concerned What is going on? Thanks Paul Comment from : John Ho |
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Hey super freaking helpful video brother Keep em coming! Comment from : Jeff Gamby |
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What is the turn around time to transfer money from a US bank to a Mexican bank via Dolarapp, is it instantaneous? Comment from : Andrea Reeves |
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I have an RFC and Curp would you recommend getting a bank account or use Dolarapp? I need MX based card to pay CFE and water bill online when not in MX Comment from : JA Garcia |
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How do i deposit to dolar app to myself from mexico Comment from : Etc Hosts |
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Does this work for canadiansand Ca$ Comment from : John R French |
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Thank paul Good stuff Few questions brbr1- if I’m in Mexico and I need pesos in cash How would I transfer from usdc to pesos? Is there a charge for that ? And where would I go to pickup the cash ? AlsobrbrHow long does it take to transfer from us bank account into dolar app? brbrIf I transfer from usdc from dollar app to someone in Mexico with a Mexican account How long does it take for them to see funds in their acct? Is there a charge for that? Or is the $3 the only charge to transfer from us acct to dolar app ? Comment from : max lilo |
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This looks like a crypto-based service I don't trust those Thanks, but I'd rather pay the $4 fee to transfer real money to a real bank or service that has government rules in place that also allows for recovery Comment from : Spocks Brain |
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Ok I love qroo and Linda but keep in mind this is a PAID PROMOTION which surprises me with qroo for me I’m staying away from this Comment from : Harlyredhonda |
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Hi Paul and Linda, can you give us an update on how the dolar app is going with you? I signed up, but I'm a little hesitant to give my bank info on it It also seems to have some bank in Tennessee already in my account Just wanted to check to see if this is normal with someone that already has worked with it Thank you Comment from : Pamela Dawn |
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Seems like a step towards implamantation of the CBDC and elimination of physical cash All of you who are so thrilled with the unusually good interest and exchange rates, you may not be so thrilled when there is no more cash and you disagree with some government measure You may be blocked and have no means to live Comment from : Artur K |
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Hey Paul – many thanks for your great videos and happy new year! I am the founder and past president of a Rotary club located between Tijuana and Ensenada I would love to have you speak with our club, either virtually or in person if you’re ever on this side of Mexico Please let me know if you would be available to do that Comment from : Gabe Fasolino |
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Paul, in my opinion, this is the best tip you have given on YouTubebrbrThank you ✌️ Comment from : Luyz Qint |
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Superb video Is this app usable worldwide? I am in the UK Comment from : Farrells Dog Services |
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This man gives out alot of useful information Comment from : Marathon Logistics |
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Thanks Comment from : Walt OBringer |
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Stay far away from this method!!!!! USDC is a stable coin which is a form of crypto currency under investigation of the US government Comment from : Jay Gomez |
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why would anyone want to move to a country were you are hated sure they love our money, but hate us Comment from : Larry Janson |
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Hey Paul You are saying that DollarApp works like Zelle in the states This means Mexican people with Mexican banks can transfer me or pay me into my DollarApp acct? Can you confirm that please I just to give them my acct or it can also work with your email Thanks, Comment from : Julio Anorga |
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Ordered my card, but can't seem to figure out why they can't find my address How does anyone ever get mail down here? Comment from : Tbob tbob |
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I use XEbrDoes this work in Canada? Comment from : Ruth-Ann Stewart |
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Do you have a book for sale? Comment from : J S |
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Dolar app asked me for a CURP Comment from : PATRICIA RANKE |
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I'm guessing this also applies if you're typically using ATMs to take out money from a US bank account? Comment from : Roti |
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Thanks Is USDC a cryptocurrency? Is it protected like money in US banks are? What is your relationship with DolarApp? I didn't hear any downside to the use of this app Comment from : Cath T |
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just saying b mindful lotsa banking issues on the rise Comment from : kevin baxter |
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Very informative content about US & Mexico money transfers and usage of funds Dollar app makes it easier Comment from : Max Kelter |
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I made a comment here earlier and I was going to give it an update, but I couldn't find it so I will make a new comment Anyhow I love the content you put out and have had a lot of benefits from the information you provide Unfortunately DolarApp has been anything but thatbrThe representatives at DolarApp seem to be trying to rectify the problem I am having, but the bank they are associated with Lineage Bank has been completely uncooperative and as of now I am out $1,015 Just to give the story on this, I put the account information that the DolarApp gave me to make the transfer in my Laptop to my Bank On the App it does not show thew complete account number it is missing the last three digits of the account number and only shows it when you click on copy and paste on your phone So, when I transferred the Money to Lineage Bank on 2 Nov 22 it was sent with an invalid account number They claimed they sent it back but will not supply the documentation of the transfer back They only sent documentation that they received it DolarApp representatives have been reaching out to their Bank Lineage Bank with no avail My bank has sent a request for a return of funds over a week and a half ago and Lineage Bank has never responded I personally going to be stay on top of this since it is a large amount of money and it has almost be a month from the Transfer I have to say I am starting to think I am going to be out the $101500 I transferred Comment from : Jim C |
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