How to Open a Corporate Bank Account in Mexico?

By EasyCo Updated October 15, 2026

A Mexican company needs a local bank account to receive payments, pay staff and settle taxes. If the company is not registered yet, start with company registration in Mexico. Banks apply strict know-your-customer checks, so preparing the documents in advance saves time.

Step 1: Choose the right bank

The large banks, such as BBVA México, Banorte, Santander and HSBC, serve most foreign-owned companies. Compare online banking, US dollar accounts, international transfers and whether the bank requires a branch visit.

Step 2: Gather the necessary documents

The deed of incorporation, with its Public Registry of Commerce details
The company’s RFC and tax status certificate
Proof of the company’s tax address
The ID, RFC and power of attorney of the legal representative
Information on the shareholders and beneficial owners, with IDs
A description of the business and expected transactions

Step 3: Meet the bank

Most banks ask the legal representative to attend in person to sign. Some also ask for the company’s e.firma.

Step 4: Compliance review

The bank reviews the ownership structure and the source of funds under Mexico’s anti-money-laundering rules. Foreign shareholders may be asked for apostilled corporate documents.

Step 5: Activation

Once approved, the account is activated with online banking and tokens for the authorized signers. Keep the bank informed of changes to shareholders or representatives.

Tips for foreign-owned companies

Have the RFC and tax address ready before you approach a bank.
Make sure the representative’s powers cover opening and operating bank accounts.
Expect more questions if the company receives funds from abroad.

Get help from Easyco

Easyco coordinates the company setup in Mexico up to the issue of the RFC, and supports companies afterwards with tax, accounting, payroll and company compliance, including a registered office address. Read how to set up a company in Mexico, or contact us to discuss your project.