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Message
1
Posted on 2/27/22 at 1:28 pm to AbitaFan08
quote:
They get a kickback/reward for this from Customs or law enforcement. You then have to prove in Court that you earned the money and the Feds usually make you an offer to only give you back 50% or they keep you in court forever.
I see you couldn’t read the part right after that where it’s obvious that a second party is involved in confiscation. Learning disabilities suck.
Posted on 2/27/22 at 1:37 pm to Wallace Ritchie
frick off man, what you said about TSA confiscating cash was inaccurate and didn’t have anything to do with the original question I posed in the OP. They unequivocally do not have the authority to do that, no matter what you “guarantee” they will do.
It is absolutely possible to get through TSA with cash in excess of $10k, but you need to be smart about it.m (follow the law, declare it, etc.) My question was about international travel and getting through customs.
This post was edited on 2/27/22 at 1:40 pm
Posted on 2/27/22 at 1:40 pm to AbitaFan08
quote:
which is why I’m encouraging them to find an alternate method of payment rather than carrying cash.
If there is a wedding in Mexico, they have to have someone down there with a bank account that they can wire money to who they can trust.
Posted on 2/27/22 at 1:42 pm to Shaun176
I’m wondering Chase can just transfer the money to another bank in MC that they have a relationship with, then just have them withdraw from that bank upon arrival.
Either way, it’s 2022 so I don’t know why these vendors are stuck with cash as their only option of payment.
Either way, it’s 2022 so I don’t know why these vendors are stuck with cash as their only option of payment.
Posted on 2/27/22 at 1:43 pm to AbitaFan08
The DEA definitely has dogs sniffing for large sums of cash in airports.
Posted on 2/27/22 at 1:49 pm to GOP_Tiger
quote:
It's relatively easy to send yourself money through MoneyGram or Western Union.
Again, this is very simple and cheap. You give Western Union or MoneyGram the money here in the US (and you can do it with cash at a grocery store, or you can do it online), and then you just go to any MoneyGram or Western Union in Mexico with your passport and your transaction number to pick it up. Both of them have tons of locations.
There is no reason to consider doing anything else. There are billions of US dollars sent to Latin America this way every year.
This post was edited on 2/27/22 at 1:51 pm
Posted on 2/27/22 at 1:50 pm to GOP_Tiger
This definitely seems like a smart route to go. Appreciate the advice! 
Posted on 2/27/22 at 1:51 pm to AbitaFan08
quote:
I’m wondering Chase can just transfer the money to another bank in MC that they have a relationship with, then just have them withdraw from that bank upon arrival.
They can western union it to themselves.
There are also lawyers in Mexico who you can wire money to and they will hold it in an escrow account. I know people who have done this for real estate purchases.
They also shouldn't pay cash for services until delivery US or Mexico.
This post was edited on 2/27/22 at 1:54 pm
Posted on 2/27/22 at 6:08 pm to AbitaFan08
Could your parents open another account with a bank that has a branch where they are going or is on the same system.
Posted on 2/27/22 at 6:16 pm to AbitaFan08
quote:
I’m not sure of the exact amount, but they would definitely need to declare it if they bring it.
quote:
It’s not sketchy vendors, it’s just smaller vendors for a wedding. Flowers and such.
They only have to declare if over $10k. For "Flowers and such."?. In Mexico?
Posted on 2/27/22 at 7:01 pm to Tigris
I have used Western Union been okay.
Also a debit card in some places allow up to $500 a day.
I do NOT recommend traveling with large amount on person or luggage, at least not more then willing to loss. aka Federales.
Also a debit card in some places allow up to $500 a day.
I do NOT recommend traveling with large amount on person or luggage, at least not more then willing to loss. aka Federales.
Posted on 2/27/22 at 7:02 pm to Tigris
Weddings are expensive baw.
Posted on 2/28/22 at 8:10 am to Matt225
Anyone who would consider taking a large amount of cash through Mexican Customs has obviously never been to Mexico before. They absolutely can and will "seize" your money and then shrug their shoulders and "no speak English" when you try to get it back.
Posted on 2/28/22 at 9:52 am to AbitaFan08
quote:
Weddings are expensive baw.
The types of venues (large event centers, hotel reception halls, restaurants) that charge more than 10k in Mexico take credit cards or wire transfers. Mexicans often pay large sums in wire transfers.
The types of vendors that only operate for cash would charge in the hundreds of dollars for even a large wedding. This can be handled by carrying less than 1k down in cash then using an ATM.
Are they sure the price quotes aren't in pesos instead of dollars? Flowers are about 1/10th the cost in Mexico compared to the US.
Again, more than 10k cash for a wedding in Mexico seems really high. That's how much weddings cost at a hotel reception center and they definitely will take a wire transfer.
Posted on 2/28/22 at 10:11 am to Shaun176
quote:
Again, more than 10k cash for a wedding in Mexico seems really high. That's how much weddings cost at a hotel reception center and they definitely will take a wire transfer.
I agree this sounds sketchy as frick OP. Absolutely no way that someone that routinely does weddings is asking Americans to repeatedly bring large sums of cash into Mexico. That's asking for an issue with either Customs, TSA, local mexican authorities, or a friggin mugging.
Are these vendors vetted by someone legit? If its at a resort, I'd call the resort for some suggestions.
As said, you can Western Union yourself but that's not gonna be cheap and you still are walking around with $10,000+ cash in Mexico. Frick that.
Posted on 2/28/22 at 11:59 am to baldona
quote:
Are these vendors vetted by someone legit? If its at a resort, I'd call the resort for some suggestions.
It is in Mexico City. Flowers are going to less than 500 USD. Food no more than $10 per person. Alcohol no more than $10 per person.
I don't see a wedding in Mexico City that is not at fancy reception center or hotel costing more than 5k.
Hotels and higher end reception centers take wire transfers. That is how upper middle class and wealthy Mexicans make large purchases.
The burn of getting ripped off will last way longer than the pride of saving a few hundred dollars.
Posted on 2/28/22 at 12:51 pm to Shaun176
quote:
I don't see a wedding in Mexico City that is not at fancy reception center or hotel costing more than 5k.
I don’t know any of the specifics. Not my money, not my wedding. I was just using “flowers” as an example, it may not even be for that. So I can’t give specifics why the wedding costs whatever it’s going to end up costing.
As I understand it, you can pay the vendors by card, but the tax or surcharge or whatever is incredibly high. Like 16%. So that’s the reason for cash payment.
I’m not wild about the idea of them carrying cash either, hence why I started this thread. To get some ideas of alternative methods. Appreciative of all who have made suggestions! As the end of the day though, not my call.
Posted on 2/28/22 at 1:25 pm to AbitaFan08
quote:
As I understand it, you can pay the vendors by card, but the tax or surcharge or whatever is incredibly high. Like 16%. So that’s the reason for cash payment.
It took a really long time in this thread to get to the real reason for their wanting to carry cash. Why didn't you say this in the beginning?
They should be able to get a "travel" Visa or Mastercard from their bank. I have one from Bank of America. I do not have extra fees on any charges in a foreign country in foreign currency. I also can withdraw cash from an ATM in other countries with no extra fees. Additionally, I earn travel points on this card that can be redeemed against $$ spent on travel and paid for with this card.
It's strange that Chase didn't suggest something similar. I'm sure they have a similar product/card.
This post was edited on 2/28/22 at 1:27 pm
Posted on 2/28/22 at 1:34 pm to AbitaFan08
quote:
As I understand it, you can pay the vendors by card, but the tax or surcharge or whatever is incredibly high. Like 16%. So that’s the reason for cash payment.
Even at that high amount. I'd pay $2000 in Credit Card Fees to sleep at night knowing if I get ripped off I'll be covered. Plus not have to carry $15,000 cash around Mexico.
I'm not familiar with Mexico, is it standard to have that high of a fee? Its almost so high it feels like a scam to push people to cash.
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