Business · Companies · 2 hrs ago
Mexico's new Cuenta Fácil will allow monthly deposits of up to 15,000 UDIs
Mexico's banking association says a new account will be called Cuenta Fácil instead of N2 Bis.
It is aimed mainly at micro and small businesses and is designed to make it easier for them to use formal financial services.
The account will allow deposits of up to 15,000 UDIs per month, equivalent to a little over 130,000 pesos, according to the account details.
Of that total, up to 12,000 UDIs can come from digital payments and 3,000 from cash.
Customers can open it through a bank app with official identification and proof of address, without providing a tax ID or visiting a branch.
The account is part of efforts to expand digital payments and reduce cash use in Mexico.
The banking sector has agreed on the account, and it is expected to be ready before the end of the year.
Mexico’s new Cuenta Fácil accounts will allow monthly deposits of up to 15,000 Udis, equivalent to slightly more than 130,000 pesos.
The accounts are aimed mainly at micro and small businesses and are intended to expand financial inclusion.
Deposits can include up to 12,000 Udis from digital payments and 3,000 Udis in cash every 30 days.
Banks are preparing to offer the accounts remotely through their apps, without requiring customers to provide a tax registration number.
The account level has been agreed by sector participants and is expected to be ready before the end of 2026.
- Who
- Banks and other financial-sector participants are preparing the accounts, with micro and small businesses as the main target users.
- What
- Cuenta Fácil will permit deposits of up to 15,000 Udis per month, including digital payments and cash.
- When
- It is expected to be ready before the end of 2026.
- Where
- Mexico.
- Why
- It is intended to promote financial inclusion and digital payments, and reduce the use of cash.
This story does not have two clearly opposing sides.
The federal government presented its Digital Economy Law initiative as part of the 2027 Economic Package.
The Chamber of Deputies approved the Digital Economy Law and sent it to the Senate.
The new Cuenta Fácil account level is expected to be ready.
- Monthly deposit limit
- 15,000 Udis
- Digital-payment limit
- 12,000 Udis per month
- Cash-deposit limit
- 3,000 Udis per month
- Opening requirements
- Banking app, official identification and proof of address
- Tax registration
- RFC not required
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What people are saying
The accounts have been approved, and we will now call them Cuenta Fácil; each bank is setting them up so they can be opened very simply and remotely.