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beckidid

Oct 17, 2003, 9:02 AM

Post #1 of 4 (448 views)

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Required deposits for FM#

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If one meets the requirements,monitarily, to receive the FM3,then theoretically the FM3 is granted,verdad? What if, after a few years, the requirements are increased? One has been in the country on a fixed income and enjoying life South of the Border for say, 2-3 years. When one's income does not meet the requirements the following year, due to an increase........is that person and family S.O.L.? Would they then be denied the FM3 that year and sent "home", to the states or Canada? Curious from the stand that our income fits neatly into the requirements of today, but it is "fixed" and might one day fall short of the needed $'s to stay in FM3 status.

I know the answer is probably.....pack your bags and head north,dear heart. But has anyone ever known anyone who had experienced this situation?

Becki

gpk

Oct 17, 2003, 10:35 AM

Post #2 of 4 (437 views)

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Re: [beckidid] Required deposits for FM#

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You will probably receive better answers, but friends of mine just use savings (hopefully you have something for emergencies) and do fake "deposits"--transfers in and then immediately out of their account-- for the 3-4 months prior to their renewals. Their statements then show enough "income" to qualify.

Rolly

Oct 17, 2003, 6:19 PM

Post #3 of 4 (403 views)

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Re: [beckidid] Required deposits for FM#

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Actually, the required income amount does change each year. It is tied to the minimum wage in DF, and that goes up a little almost every year, but the change is quite small. It's not likely to be a problem if you take the advice of doing a round robin with your funds as suggested above.

Rolly Pirate

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Jerry@Ajijic

Oct 17, 2003, 9:05 PM

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Re: [Rolly] Required deposits for FM#

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There are probably thousands of people living here on FM3s who do not meet the present income requirements. The Mexican government has to know this but has never (so far as I know) denied a FM3 renewal or new replacement FM3 (required after 5 years)anyone based on present income. I do not believe they ever will.