Mexican banking explained
How money moves in Mexico, explained for finance teams that collect from Mexican customers or run a Mexican entity.
Each guide explains one Mexican banking or tax term in plain English, with the official source it rests on.
- How to read a Mexican business bank statement
A field-by-field guide to the Mexican estado de cuenta for foreign finance teams, covering abonos, cargos, concepto, referencia, ordenante and balances.
4 min read - Month-end close in Mexico: a guide for foreign controllers
How a Mexican entity closes the month (bank reconciliation, CFDI against deposits, SAT filings at a high level) and a timeline that fits group reporting.
4 min read - Mexican payment references: concepto, referencia, convenio
How Mexican payers identify a transfer, from the free-text concepto and numeric referencia to bank collection agreements and cash at OXXO stores.
4 min read - PUE vs PPD: choosing the payment method on a CFDI
The difference between PUE and PPD on a Mexican CFDI invoice, how to pick the right code before issuing, and what each choice means for payment receipts.
4 min read - Why unidentified deposits matter for a Mexican entity
Why Mexican bank accounts collect deposits nobody can attribute, how to investigate them, and why unexplained money can become a tax question with SAT.
4 min read - How to verify a SPEI payment with Banxico's CEP
What a CEP (Comprobante Electrónico de Pago) proves, the five details you need to download one from Banxico, and how to check it against your statement.
4 min read - CFDI basics: Mexico's electronic invoice for foreign teams
What a CFDI is, how it is stamped and validated with SAT, the document types and fields AR teams use, and how it connects invoices to bank deposits.
4 min read - CLABE explained: Mexico's 18-digit account number
How the 18-digit CLABE is built (bank, plaza, account and check digit), how to validate one before paying, and why it matters for collections.
4 min read - How to trace a SPEI transfer with its clave de rastreo
What the clave de rastreo (SPEI tracking key) is, where to find it on receipts and statements, and how to use it to trace, dedupe and dispute payments.
4 min read - Complemento de pago: Mexico's CFDI payment receipt
What a complemento de pago (REP) is, which invoices need one, the fields it carries and why AR teams must tie each one to a real bank deposit.
4 min read - SPEI explained: how Mexico's instant transfers work
A plain guide to SPEI, the real-time interbank transfer system run by Banxico, for foreign finance teams collecting or paying money in Mexico.
4 min read