Rubén Moreira, PRI coordinator in Mexico's Chamber of Deputies, presented an initiative to ban banking fees on basic, payroll and social program accounts. The bill aims to amend laws of the Bank of Mexico and credit institutions to eliminate charges for opening, maintenance and withdrawals. Moreira noted that fees accounted for 94% of the financial system's profits in 2025.
Rubén Moreira, PRI coordinator in the Chamber of Deputies, introduced a bill amending the Bank of Mexico Law and the Credit Institutions Law. It bans fees for account opening, maintenance, withdrawals and inquiries on basic accounts. The measure also removes penalties for minimum balances or card replacements, and eliminates charges on social program-linked accounts.
Moreira cited Bank of Mexico Commission (CNBV) data: banking fees generated 304.4 billion pesos in 2025, or 94% of the sector's profits. The bill requires banks to offer fee-free products and empowers the Bank of Mexico to regulate rates, set caps and prevent arbitrary charges.
The National Commission for the Protection and Defense of Financial Service Users (Condusef) states that foreign banks in Mexico charge 5 to 19% more than in their home countries.
In November 2025, the Chamber of Deputies unanimously approved reforms to the Law for Transparency and Order of Financial Services. These ban fees for additional services without express consent and mandate card cancellations within five business days at no cost.
