If you’re buying or building property in Mexico, you may have seen the news about the US Treasury sanctions that have blocked transfers to Intercam Bank and CI Banco. Many buyers are now asking: what are the safe alternatives for completing their real estate payments?
At MexEdge, we specialize in secure, transparent, and legally compliant currency solutions for real estate transactions in Mexico. We help buyers eliminate currency risk and move funds with confidence, even as traditional banks face restrictions.
What Happened with Intercam Bank and CI Banco?
In June 2024, the US Treasury Department designated Intercam Bank and CI Banco (along with Vector Casa de Bolsa) under new sanctions. This move immediately blocked many US-based payment processors and banks from sending wires to these institutions.
The result? Many foreign buyers in the middle of property purchases found themselves unable to transfer funds to escrow accounts, developers, or sellers in Mexico.
Why This Matters for Property Buyers
If you’re an American or Canadian purchasing real estate in Mexico, the stakes are high:
- Wire transfers must be reliable and compliant with US and Mexican regulations.
- Exchange rate volatility can change your final purchase cost by thousands of dollars.
- Legal timelines (closing dates, escrow releases) depend on on-time payments.
This is even more critical if you’re already under contract. Many buyers are building homes or purchasing pre-sale properties with structured payment schedules. If you have regular transfers due to a builder or developer, blocked payments can completely derail your timeline, trigger penalties, or delay construction.
At MexEdge, we’ve been fielding many calls from clients who banked at Intercam and suddenly could not send their next installment to their contractor or escrow account. They need a reliable, fast, and compliant way to keep their build or purchase on track.
Best Alternatives to Intercam and CI Banco
1. Use MexEdge for Real Estate Transfers
MexEdge offers a simple, secure, and fully compliant way to move large payments from the US or Canada to Mexico.
Key benefits:
- Guaranteed exchange rates locked in advance
- Fast, tracked transfers through trusted banking partners
- Full support for real estate payments, escrow deposits, and progress payments on builds
- Transparent pricing without hidden fees
Whether you’re wiring a single closing payment or managing monthly or milestone payments on a construction project, we make sure your funds arrive on time, every time.
2. Work with a Specialized Currency Broker
Unlike banks, currency brokers often have more flexibility in routing payments. But beware: not all brokers have experience with Mexican real estate transactions or can lock rates for weeks or months in advance.
3. Choose Alternative Mexican Banks
Some Mexican banks not affected by sanctions can still receive US wires. However, you may still face poor exchange rates, long delays, and no protection against rate swings. Always ask about exchange margins and transfer timelines before wiring large sums.
Why MexEdge is the Best Choice
MexEdge was built for this exact situation: helping foreign buyers complete real estate payments securely, even as banking rules shift.
- We eliminate currency risk by locking in your rate, so you know the exact peso amount your seller or contractor will receive.
- We offer clear, up-front pricing with no hidden costs.
- We support you through the entire process, so you never wonder where your money is or how much you’ll pay.
Many of our clients are in the middle of building homes or making regular payments on pre-sale contracts. They trust us to deliver funds on schedule so their projects stay on track.
How to Get Started
If you’re buying or building property in Mexico and want to avoid costly surprises:
✅ Schedule a free consultation with our team.
✅ Get a custom plan to move your funds securely.
✅ Lock in your rate and complete your payment with confidence.
Final Thoughts
US sanctions have changed the game for many people buying or building property in Mexico. But they don’t have to derail your purchase. With the right plan and the right partner, you can secure your funds, protect your exchange rate, and close on time.
At MexEdge, we’re here to help.
