Regulatory Alerts2018-05-17 | Circular 4/2018Added
Circular 4/2018 — Modifies Circular 13/2017
Banco de México establishes a fixed one-day holding period for fund transfer entities receiving amounts equal to or exceeding 50,000 pesos in cash or cashier's checks, requiring these funds to be disbursed to beneficiaries only on the next banking day following execution. This rule applies to transfers executed through multi-participant systems or resource transfers between deposit accounts, while allowing immediate same-day disbursement if the entity explicitly authorizes it individually based on specific procedures and client characteristics. Electronic disbursements via debit cards or electronic transfers remain available immediately upon crediting the respective accounts.
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