There is concern that the U.S. Government may become more predatory on retirement funds, savings, or possibly taxes. The word confiscation seems to be bantered about. Mexico is a possible safe haven for asset protection and financial security. Many US citizens are exploring this opportunity. It is getting more difficult every day to move money out of the U.S.. The Mexican banks can only exchange $1500 US to pesos per month. If you have an account in Mexico, the only limit to the funds you can withdraw, is your balance. Obviously, this is impractical for a tourist. This leaves the option of credit cards or cash. I hate carrying a lot of cash and am very nervous about where to use a credit card- my number has already been stolen once. Most businesses are pretty fair on the exchange, but you will never get the bank rate.
Recently, I attempted a wire transfer to my Mexican bank from my U.S. bank. My bank uses Western Union for such transactions and they refused the transfer. As I explained, the transfer was to pay expenses. They asked for receipts. I did not have any because they were in Mexico and most of those were eligible. To my way of thinking, this is another way the government is using to monitor money transfer.
Recently I discovered a great low cost wire transfer service with no hang- ups. This is addressed in the Secrets of Baja section of this website- join today and become an insider as well as saving a great deal of money.