Regulatory Alerts2021-05-11 | Circular 2/2021Added · Updated
Circular 2/2021 — Modifies Circular 3/2012
The document amends Circular 3/2012 to authorize credit institutions to offer sight deposits in pesos to Mexican nationals residing abroad and to issue national-currency prepaid bank cards to foreign nationals. These sight accounts are restricted to levels 2, 3, or 4 and must allow cash dollar purchases at specific exchange rates. The prepaid cards are limited to domestic use, carry a maximum accumulated balance of 1,500 UDIS, and require refunds upon cancellation or expiration using a specific exchange rate calculation.
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