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Gwendolyn

Mar 31, 2003, 1:47 PM

Post #1 of 10 (1374 views)

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FM3 and income requirement

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Is it necessary to have a bank statement showing income if I have a letter (duly apostilled) from an insurance company showing a lifetime monthly pension in the appropriate amount? I do not have a Mexican bank account and I can't figure out what the state would apostile since the bank statements are not notarized.
Gwen Gregory

Rolly

Mar 31, 2003, 2:47 PM

Post #2 of 10 (1360 views)

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Re: [Gwendolyn] FM3 and income requirement

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While all the documents I have seen about the FM3 requirements say you must produce bank statements for the preceding three months, when I got my FM3 in Los Angeles, I used my Social Security annual statement showing what my monthly payments would be for the year. It worked for me, maybe it will work for you. Try it.

I'm a little confused -- in another post you seem to be in Mexico now. Are you applying for an FM3 here in Mexico? Also I am unclear on your comments about having bank statements apostatized. I am not familiar with such a requirement.

Rolly Pirate

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Uncle Donnie

Mar 31, 2003, 10:14 PM

Post #3 of 10 (1336 views)

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Re: [Gwendolyn] FM3 and income requirement

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A lot may depend upon where you're going to live, and where you'll apply for the FM-3. When I moved to Lakeside to stay I came in on an FM-T then got the FM-3 after I arrived.

The Migracion folks wanted to see bank statements for the previous 3 months and I downloaded copies from my Texas bank. They weren't notarized. No problem.

At renewal time they've always accepted downloaded copies of my U.S. bank statements but required originals of my Mexican bank statements. For a first time FM-3 application they normally wouldn't ask for a Mexican bank statement since you may not be in the country yet. In addition, many banks won't allow you to open an account without an FM-3.

Like Rolly says, we're confused about where you are. That does affect a proper answer. Things tend to differ according to a number of factors, location being one. More info?

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jennifer rose

Mar 31, 2003, 10:56 PM

Post #4 of 10 (1333 views)

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Re: [Uncle Donnie] FM3 and income requirement

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FWIW, in Morelia, INAMI won't accepted downloaded copies of bank statements. They want the real thing, because downloaded ones could easily be doctored.

Rolly

Apr 1, 2003, 5:36 AM

Post #5 of 10 (1327 views)

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Re: [jennifer rose] FM3 and income requirement

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For my first renewal, my US bank statements in English were accepted. For my second renewal, my US bank statements had to be translated into Spanish by an approved translator. The third time, I had originals and copies of statements from a Mexican bank; the originals were returned with my renewed FM3.

I live in Durango (state) just across the river from Coahuila. Friends on the other side of the river report that the rules are slightly different on their side.

Sometimes a lack of constancy spices up life; sometimes is just makes it harder.

Rolly Pirate

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Gwendolyn

Apr 1, 2003, 7:54 AM

Post #6 of 10 (1313 views)

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Re: [Uncle Donnie] FM3 and income requirement

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To clarify -- I am in Cozumel and I just renewed my FM3 for the 5th time. So, I will have to apply for a new one next year. In the past, at renewal time, I have always just downloaded my U.S. bank statements and submitted them with a letter from my pension company stating the amount I receive each month (that is the same letter I used when I initially applied for the visa.) We have a new immigration head in Cozumel now. So, I'm afraid things might change. I plan to talk with the guy directly but I wanted to get a feel for what the law actually is. If it's only proof of income, it would seem that the letter from the pension company should be enough. However, if it's just a bureaucratic requirement of 3 months of statements -- logic is not relevant. That's my story. I appreciate everyones input.
Gwen Gregory

Uncle Donnie

Apr 1, 2003, 10:07 AM

Post #7 of 10 (1301 views)

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Re: [Gwendolyn] FM3 and income requirement

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Gwendolyn, great question and one that served to show just how difficult it is to both give and receive accurate information. Mexican laws and regulations have an amazing range of applications and interpretations don't they?

Please let us know how it shakes out this time.

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jennifer rose

Apr 1, 2003, 10:20 AM

Post #8 of 10 (1299 views)

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Re: [Uncle Donnie] FM3 and income requirement

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The moral: Always check what the requirements of your local INAMI or Mexican Consulate, if applying outside of Mexico, are. All are acting within their own interpretation of the law, but each have their own internal operating procedures for meeting its standards. Even within a single office, the documentary requirements and thresholds can vary year to year.

saracorbin

Apr 1, 2003, 4:53 PM

Post #9 of 10 (1273 views)

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Re: [Gwendolyn] FM3 and income requirement

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how much money do i need in the bank if i want to buy a house in like chapala and live there?

Uncle Donnie

Apr 1, 2003, 5:03 PM

Post #10 of 10 (1271 views)

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Re: [saracorbin] FM3 and income requirement

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How big, how new, what area of Chapala, what size yard, furnished or unfurnished?

From $25,000 on to the stratosphere.

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