Mexico City — Starting July 1, 2026, cash transactions of 140,000 pesos (approximately $7,500 USD) or more will require customers to present a valid government-issued ID at bank branches across Mexico.
The new rule applies to both withdrawals and deposits at institutions including Banamex, BBVA, and Banco Azteca. Emilio Romano, president of the Mexican Banking Association (ABM), announced the measure, stating it will be mandatory at all bank branches nationwide.
The ABM said the policy aims to strengthen financial security, reduce fraud risks, and bolster anti-money laundering efforts. Specifically, the association cited four objectives: preventing fraud and identity theft, enhancing user safety for high-value transactions, combating money laundering in line with international standards, and promoting digital payment channels.
Under the new procedure, a bank teller or executive will request a valid ID before processing any transaction of 140,000 pesos or more. The system will verify the document’s details against the customer’s account information. If the ID is not presented, is expired, or the data does not match, the transaction will be automatically rejected. If the ID is valid and the information matches, the transaction will proceed and be recorded in the institution’s auditable transaction history.
