Overview
- The Asociación de Bancos de México (ABM) confirmed the rule takes effect July 1, 2026 and requires an official photo ID plus at least one biometric (fingerprint or facial recognition) for any in‑branch cash deposit or withdrawal of 140,000 pesos or more.
- The requirement applies to whoever physically hands over or receives the cash, not only the account holder, so employees or third parties making large deposits or withdrawals must present ID and biometrics at the teller window.
- Transactions at ATMs and electronic transfers are exempt from the new controls, and banks will accept INE voter ID, Mexican passport or cédula profesional as valid documents for the rule.
- Banks affiliated to the ABM will have a technical transition period to integrate verification systems with full implementation projected by July 30, 2026, and major national banks have said they are preparing their systems.
- A Diario Oficial convenio allows the State of Mexico to transfer biometric data to RENAPO to support a CURP biométrica that the banking checks will reference, and ABM says the policy is aimed at reducing fraud, limiting cash misuse and encouraging digital payments.