AmericasMexicoLicensed-entity research

Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte

Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte (identified by Banorte’s official website as the operating bank for products such as Enlace Personal, Enlace Digital, and Enlace Global PM; not Grupo Financiero Banorte, the holding group, or the Banorte brand)

Banco Mercantil del Norte, S.A. is identified on Banorte’s official website as the operating entity for personal and business banking products. Public information shows that it offers personal deposit accounts and business account products in Mexico. Public pages confirm materials and application channels for some products, but do not establish that the bank accepts applications to open accounts from overseas non-residents or foreign-incorporated companies, nor do they promise that all applicants can open an account.

Regulator: National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores, CNBV); the CNBV is the banking regulator/registry authority used for verification of this item.
Check date: 2026-10-26
Verify status: Some information remains to be confirmed: Banorte's personal and legal entity product pages, identity/address documents, SAT RFC and FATCA/CRS frameworks and IPAB protection statements have been checked. A historical authorisation list entry for the bank and a specific entity record for 2023 have been found in CNBV's public supervisory materials. The CNBV records reviewed did not establish the current authorisation status as of 2026-10-26. The scope of non-resident personal/company account opening, overseas company applications, replacements for older immigration documents, supplementary UBO/source-of-funds documents and current rates all require written confirmation from the bank/CNBV.

Research scope and official resources

Topic number:americas-banco-mercantil-del-norte-sa

This entry is based on a selection of major regional banks drawn from The Banker Latin America Top 2025 for 200 (Tier 1 capital); it does not claim a standalone ranking for Banorte and is not a real-time global Top 100 ranking. Inclusion in the candidate set does not establish licensing status, current application acceptance, or account-opening eligibility.

Bank’s official website

Personal Eligibility and Documents

For personal accounts, Banorte’s publicly available Cuenta Enlace Personal can be applied for at a branch; the page requires a valid official identity document and, in certain cases, proof of address from within the last three months. The page also says that applications can be made through Banorte Móvil using an identity document and selfie. The bank’s list of identity documents includes passports and certain Mexican visitor/residency documents that foreigners may use, and says documents must comply with each product’s policies; the list still uses old designations such as FM-2/FM-3, so confirm current equivalent documents with a branch. Cuenta Enlace Digital requires a CURP, mobile phone number, and email address; the public page does not explain how foreign non-residents can obtain a CURP or whether they can apply. The website does not confirm eligibility for non-residents who have only an overseas address, lack Mexican immigration status, or do not have a CURP, nor does it publish a complete eligibility table by nationality or tax-residency status.

Personal information publicly disclosed or identified

【Published requirements for Banorte personal accounts】Branch application for Cuenta Enlace Personal: valid official ID; if the address on the application does not match the address on the ID, or the ID does not show an address, proof of address is required.
【Banorte’s published ID document list】Mexican applicants may submit a valid voter ID, passport or driver’s license, subject to product policy; the list for foreign applicants includes a valid passport and a valid visa/immigration status document in Mexico, or a visitor/resident card. The list includes historical names such as FM-2/FM-3 and FMM; ask the bank to confirm in writing which documents are currently valid and whether they apply to foreign non-residents.
【Banorte’s published proof-of-address rules】Where applicable, applicants may provide an electricity, landline telephone, water, natural gas, property tax, tax-authority-registered lease, cable/satellite TV bill, or RFC, among other documents; generally, the document must have been issued no more than three months earlier. Under the page’s rules, property tax/water bills paid annually must be for the year the account is opened. The bank has additional verification conditions for certain corporate situations.
【Banorte online product requirements】The Cuenta Enlace Digital page lists CURP, a mobile phone number and an email address; the Cuenta Enlace Personal mobile-app account-opening instructions require valid ID and a selfie. Online product requirements apply only to the relevant product and do not establish that all nationalities or non-residents can use it.
【General compliance preparation guidance; not a published general personal-account policy of the bank】Prepare a tax residency self-certification, a tax identification number/TIN for your country of residence (if required by local law), and an explanation of your occupation/income and source of funds. Confirm in writing whether the bank requires these and which form version applies.

Company eligibility and documents

For company accounts, Banorte's Enlace Global PM is expressly intended for Persona Moral (legal entities/companies), and applicants must apply at a Banorte branch. Public materials include company formation documents, tax registration, proof of company address, and registered documents evidencing representative authority. The representative must provide valid identification, their RFC, and proof of address. The foreign representative documents listed on the website still use the outdated terms FM-2/FM-3 plus passport; ask the bank to confirm the current document alternatives. The page does not confirm account eligibility for foreign-registered companies, foreign legal entities without Mexican tax registration, offshore entities, or non-resident beneficial owners. The business document list does not publish a universally applicable UBO/ownership look-through or source-of-funds form, so additional compliance documents cannot be described as a published uniform policy for this account.

Company information publicly disclosed or identified

【Listed on the official Banorte Enlace Global PM website】Company incorporation deed/articles of incorporation (acta constitutiva), registered with the Registro Público de la Propiedad y Comercio.
【Listed on the official Banorte Enlace Global PM website】Registration with Mexico’s Ministry of Finance (SHCP) or proof of tax registration (RFC); proof of company address.
【Listed on the official Banorte Enlace Global PM website】Notarized power of attorney (poderes notariales) authorizing the signatory to enter into agreements on behalf of the company, registered with the Public Registry of Property and Commerce.
【Listed on the official Banorte Enlace Global PM website】Valid official ID for the legal representative signing for the account; the page lists voter ID, professional license or passport, and lists FM2/FM3 and passport for foreign representatives. The webpage uses outdated immigration-document names; confirm with the bank which documents currently replace them.
【Listed on the official Banorte Enlace Global PM website】RFC and proof of address for authorized signatories.
【General compliance preparation guidance; not a complete document policy published on the bank’s page for this account】You may prepare a recent certificate of company existence/registration, board authorization, ownership structure and ultimate beneficial owner information, the company’s tax-resident jurisdiction and tax identification number, and evidence of expected transactions and source of funds. Whether Banorte requires these, and the requirements for certification/translation/apostille and acceptance of foreign documents, remain subject to confirmation by the bank.

Address, tax, and remote / witnessed procedures

Address and tax

Banorte’s published rule for personal proof of address is triggered only when the application address differs from the address on the identity document or the document does not include an address. Common bills must be no more than three months old; annual property tax/water bills must be for the account-opening year, as specified on the page. The Enlace Global PM business account documents require proof of the company’s address and the company’s tax registration/RFC or SHCP registration; the representative must also provide an RFC and proof of address. SAT’s personal RFC process guidance states that foreigners applying at an SAT office must provide current immigration documents, proof of tax domicile, and valid identification; for certain registration cases involving people resident overseas, SAT also lists a document showing the tax number in their country of residence, if that country requires them to have one. RFC rules are not a universal prerequisite imposed by Banorte for all personal accounts. Public information does not say whether non-residents without a Mexican address or Mexican RFC can open an account, nor does it confirm the bank’s policy on accepting a foreign TIN in place of an RFC.

Remote / witnessing

Personal products offer limited online channels: the Cuenta Enlace Personal webpage says applicants can apply through Banorte Móvil using a valid identity document and selfie; Cuenta Enlace Digital requires a CURP, mobile phone, and email address. The webpage does not state that remote account opening is available from all countries worldwide, nor does it explain whether video witnessing, third-party witnessing, or overseas notarization can replace in-person verification. The Enlace Global PM business account webpage expressly requires applicants to visit a Banorte branch; no remote business account-opening or third-party witnessing option is published.

Public process reference

Personal: First confirm your eligibility for the intended product. For Cuenta Enlace Personal, applicants may submit valid proof of identity at a branch and, where applicable, proof of address dated within the past three months. The product also offers a Móvil channel, but the website does not confirm its availability to non-residents.
Personal online product: Apply online for Cuenta Enlace Digital after preparing a CURP, mobile phone number, and email address as required by the official website. If you do not meet the CURP requirements, the public page does not provide an alternative process for non-residents.
Businesses: Select Enlace Global PM, then visit a Banorte branch and submit the articles of association/registration, RFC or SHCP registration, company address, registered authorization documents, and the representative's valid identification, RFC, and proof of address, in accordance with the website's checklist.
Cross-border/non-resident applicants: Before arranging certification, translation, or delivery of original documents, confirm in writing with the bank and specific branch whether they accept applicants with your nationality/tax residence/company registration location, substitute documents for current immigration documents, overseas addresses and tax identification numbers, and additional documents concerning beneficial owners and source of funds. Publicly available information does not provide a general route for opening an account from overseas.

Compliance topics, details, and sources

Mexico AML/KYC and customer identification

Mexico's Credit Institutions Law and banking regulations issued by the CNBV form the local regulatory baseline for customer identification and anti-money laundering; the CNBV legal sources include provisions related to customer identification and blocked lists. The identification documents/proof of address listed on Banorte product pages are public product requirements, not a complete list of compliance-review documents or confirmation of account approval. Confirm the specific identity verification, enhanced due diligence, and transaction review requirements with the bank.

Source:CNBV — Ley de Instituciones de Crédito ；Banorte — Lista de Identificaciones Oficiales ；Banorte — Enlace Global PM

UBO, controllers and source of funds

Company applicants should prepare the company's control chain, ultimate natural-person beneficial owners, representative authority, and an explanation of the source of funds/wealth to address applicable Mexican AML/KYC reviews. Enlace Global PM's public page lists company registration, tax registration, address, and representative documents, but does not list complete UBO or source-of-funds evidence as standard account-opening documents for this product. This is general compliance preparation, not a policy published by Banorte.

Source:CNBV — Ley de Instituciones de Crédito ；Banorte — Enlace Global PM

Tax Residency Self-Certification, CRS, and FATCA

Mexico's SAT has official sections on CRS and FATCA automatic exchange of financial account information, and separately lists the Mexico–US FATCA intergovernmental arrangement. Applicants should truthfully declare their tax residency status and tax numbers. The specific Banorte self-certification form and when it is collected were not confirmed on the product pages cited above. Information exchange involving the United States should be described within the FATCA framework; this does not support describing the United States as a CRS participant.

Source:SAT — Intercambio Automático de Información Financiera ；SAT — Acuerdo SHCP México-Departamento del Tesoro de Estados Unidos ；SAT — Inscripción en el RFC de personas físicas

Sanctions and blocked-list review

The Mexican banking legal framework published by the CNBV includes provisions relating to the blocked persons list. Account opening and subsequent transactions may be affected by applicable law and bank compliance screening. Banorte’s public product pages do not disclose screening lists, matching rules, or acceptance policies for specific countries, so the bank must confirm the specific review requirements. Screening results or potential matches must not be treated as matters that can be circumvented by using alternative identity or transaction routes.

Source:CNBV — Ley de Instituciones de Crédito

IPAB coverage for eligible deposits

Mexico's IPAB states that eligible bank deposits and certain other obligations are protected up to 400,000 UDI in total per person (individual or legal entity) per institution, and lists exclusions. This protection is not an unconditional promise covering all financial products or unlawful transactions. Confirm whether the specific account/investment product falls within the statutory coverage.

Source:IPAB — Obligaciones garantizadas

Compliance evidence

Account-opening compliance and supporting-document checklist

The bank’s stated requirements, local regulations, and preparation recommendations are presented separately. Acceptance in a specific case is subject to confirmation by the bank.

This guide is primarily for companies intending to apply for a Banorte Enlace Global PM account in Mexico under the name of a locally registered legal entity. The official website identifies this as a legal-entity product and requires applications to be made at a branch. The public page does not confirm whether foreign-registered companies, applicants with only a foreign address, or nonresident UBOs are accepted. This guide does not confirm eligibility for an individual case; personal accounts should be checked separately under the rules for personal products.

Date information checked:2026-10-26

Information evidence package

Corporate Identity, Registration, and Mexican Tax Information

Who it applies to: Legal entity applying for Enlace Global PM in Mexico; applicability to foreign-registered companies is not publicly stated
Documents to Prepare: 【Explicitly stated by Banorte】Company incorporation deed/articles of incorporation (acta constitutiva) and proof of its registration with the Registro Público de la Propiedad y Comercio.
【Explicitly stated by Banorte】SHCP registration document or proof of RFC registration, and proof of company address.
【Preparation suggestion】Also prepare a recent company existence/registration extract, a list of directors or shareholders, and an ownership structure chart. Confirm with the branch whether the latter two are required, and the acceptable document date and format.
Description: The three categories of company documents listed on the official website are the published checklist for this product, not a complete compliance review checklist. The public page does not specify requirements for originals, certified copies, translations, notarization/apostille, or document validity periods. Before proceeding, confirm each requirement with the intended branch; do not obtain certifications or send original documents before confirmation.

Source:Banorte — Enlace Global PM business account

Representative authority, authorized signatories, and control chain

Who it applies to: The corporate applicant and representatives intended to sign on or operate the account; UBO documents are compliance preparation and are not claimed to be a uniform mandatory checklist published for this product.
Documents to Prepare: 【Explicitly stated by Banorte】Notarized power of attorney (poderes notariales) authorizing the signatory to enter into agreements on behalf of the company, registered with the relevant Public Registry of Property and Commerce.
【Explicitly stated by Banorte】Valid official ID for the legal representative signing for the account; the official website lists voter ID, professional license or passport, and lists FM2/FM3 and passport for foreign representatives.
【Explicitly stated by Banorte】RFC and proof of address for authorized signatories; 【Preparation suggestion】Have board/shareholder resolutions, a chart showing ownership at each level and the ultimate natural-person control chain, and registration or shareholding evidence for each level ready.
Description: Banorte’s page still uses historical immigration document names such as FM2/FM3; this does not establish which documents are currently equivalent. Preparing ownership-chain and UBO documents is a suggestion for responding to potential review; the bank has not published the UBO threshold, dedicated form, or rules for accepting overseas ownership documents for this account.

Source:Banorte — Enlace Global PM business account；Mexico's Federal Official Gazette (DOF) — 2021 Federal Tax Code amendment, CFF Articles 32-B Ter and 32-B Quinquies

Business substance, source of funds and explanation of expected transactions

Who it applies to: All corporate applicants, especially businesses involving cross-border payments, complex ownership structures or third-party funds; general compliance preparation guidance.
Documents to Prepare: Prepare a one-page business summary listing products/services, countries of operation, main customers and suppliers, and the purpose of opening and using the account.
Prepare contracts, orders, invoices, customs declarations, or service-delivery records that correspond to the business, and use recent financial statements, tax returns, or audit materials to describe the scale of the company’s operations.
Prepare an explanation of the source of the initial deposit and expected main sources of funds, supported by capital contribution resolutions, shareholder contribution evidence, existing bank statements, and counterparty details. Prepare estimates by amount, currency, frequency, and countries of receipt and payment.
Description: The above is not a fixed submission checklist published by Banorte on the Enlace Global PM page, and no minimum business operating period, minimum transaction volume, or fixed source-of-funds evidence requirement is publicly listed. Select materials that corroborate one another and reflect actual business activity; do not alter or fabricate transactions to meet an anticipated requirement.

Source:Banorte — Enlace Global PM business account；Mexico's Federal Official Gazette (DOF) — Amendments to the general provisions applicable to credit institutions

Due diligence and enhanced verification

Beneficial Controllers, Ownership Chain, and Control

Basis for Verification: Under Articles 32-B Ter of Mexico's Federal Tax Code, relevant legal entities and others must obtain and retain accurate, complete, and up-to-date beneficial controlling person information. When financial institutions are involved in financial account information, they must obtain information to identify beneficial controlling persons and take reasonable identity verification measures so they can provide it if requested by the SAT. Article 32-B Quinquies requires legal entities and others subject to the Code to update the relevant information within 15 calendar days after a change in the identity or participation of a beneficial controlling person. These are obligations under Mexican tax law, not thresholds for account application documents published by Banorte, and do not mean that all offshore legal entities are subject to them.
Preparation recommendation: 【Suggestion】Trace each layer of ownership or control through to the natural persons, listing shareholding/voting rights, indirect control paths, and the basis of control. Prepare registration extracts, share registers, an organizational chart, identity documents, and an explanation of control where ownership alone does not identify the controller. Check with a Mexican tax lawyer whether the customer is an entity covered by the relevant law, and ask the bank about its determination and required evidence format; do not assume a uniform 25% threshold.
Scope: Mexican regulations plus publicly available bank account requirements do not publish UBO details; the scope of statutory obligations must be assessed based on the entity and its relationship to Mexican tax law.

Source:Mexico's Federal Official Gazette (DOF) — 2021 Federal Tax Code amendment, CFF Articles 32-B Ter and 32-B Quinquies；Banorte — Enlace Global PM business account

Source of Funds, Source of Wealth, and Transaction Rationale

Basis for Verification: Banorte’s public Enlace Global PM page lists company/RFC/address and signer documents but does not provide a complete list of source-of-funds, source-of-wealth, or expected transaction information. CNBV rules require banks to establish procedures for verifying and updating customer identity records, but the public text does not provide an additional due diligence checklist specific to this applicant or a uniform deadline for providing additional documents.
Preparation recommendation: 【General preparation suggestion】Explain the source of funds using company financial information, tax returns, contract invoices, historical account statements, contribution documents and counterparty information; for large, third-party or cross-border payments that do not match the declared business, prepare a brief factual explanation and original supporting documents. Base the expected transactions on actual projections, detailing currency, countries, frequency and amount ranges in a verifiable way; do not present preparation suggestions as requirements published by the bank.
Scope: Scope of the bank’s published information and CNBV internal control requirements; triggers for enhanced due diligence for specific customers are not published.

Source:Banorte — Enlace Global PM business account；Mexico's Federal Official Gazette (DOF) — Amendments to the general provisions applicable to credit institutions

PEP, sanctions and related-party screening

Basis for Verification: The Banorte product pages reviewed do not disclose a PEP definition, sanctions screening lists, match-handling procedures or country-specific risk eligibility rules. Do not infer that PEPs are always rejected, and do not treat screening as something that can be circumvented by changing the named party or transaction route.
Preparation recommendation: 【General preparation suggestion】If a shareholder, UBO, director or signatory has relevant public office experience, a name match or links to a high-risk jurisdiction, proactively prepare a truthful explanation of dates in office/when the role ended, identity relationships, source of funds and account purpose, and ask the bank in advance which declarations and supplementary documents to use.
Scope: The bank’s specific policy is not public. The preparation points are only general suggestions for preparing for a review.

Source:Banorte — Enlace Global PM business account；Mexico's Federal Official Gazette (DOF) — Amendments to the general provisions applicable to credit institutions

Tax status, actual business activity, and use of cross-border accounts

Basis for Verification: Enlace Global PM is publicly offered as a corporate account denominated in Mexican pesos. Its website lists international payment functions through Banorte’s corporate electronic banking, but does not specify which foreign places of incorporation, tax residences, countries of origin of funds, or non-resident controllers it accepts, nor does it publish a policy on substitutes for RFC for foreign tax identification numbers. A business that is subject to Mexico’s CFF should separately maintain the legally required records under local tax law; the RFC requirements must not be presented as general conditions for all individuals or foreign applicants.
Preparation recommendation: 【Suggestion】Prepare details of the place of registration, tax-resident jurisdiction, local tax identification number, place of business, and main cross-border counterparties. Match expected international payments to and from the account with relevant contracts, invoices, and business activities. Confirm with the branch whether a foreign TIN can replace an RFC, whether a tax self-certification is required, and what additional authorization or documents are needed for international payment services.
Scope: Banorte product information + general preparation suggestions; confirm specific tax forms, cross-border eligibility, and payment service restrictions with the bank.

Source:Banorte — Enlace Global PM business account；Banorte — Banorte en su Empresa（BEM）；Mexico's Federal Official Gazette (DOF) — 2021 Federal Tax Code amendment, CFF Articles 32-B Ter and 32-B Quinquies

Ongoing maintenance obligations

Changes to customer identification details and account records

Amendments to the CNBV’s general banking rules require banks’ internal procedures to cover the verification and updating of customer identity data. This requires banks to have procedures; the text reviewed does not set a uniform annual review cycle for all corporate customers or a uniform number of days for customers to report changes to Banorte. After opening an account, retain the version submitted, respond promptly to the bank’s requests for updates or additional documents, and ask the bank about the specific notification channels and deadlines for changes to the registered address, representative, signing authority or control.

Source:Mexico's Federal Official Gazette (DOF) — Amendments to the general provisions applicable to credit institutions

Changes to beneficial controlling person records in Mexico

For legal entities and others to which CFF applies, 32-B Quinquies requires tax records to be updated within 15 calendar days after a change in the identity of, or participation by, the beneficial controller. This deadline is the entity’s own statutory information-update requirement and must not be misrepresented as Banorte’s deadline for notifying the bank of account changes; if the same change affects the bank’s records, confirm with the bank and update them in accordance with the bank contract/case-specific requirements.

Source:Mexico's Federal Official Gazette (DOF) — 2021 Federal Tax Code amendment, CFF Articles 32-B Ter and 32-B Quinquies

Set up Banorte en su Empresa business online banking

If applying for BEM after account opening, the Banorte page states that the application must be made at the original account-opening branch and updated documents must be submitted; for legal entities, it lists copies of the deed of incorporation and authorization documents. These are conditions for applying for the BEM service and do not mean that the documents must be resubmitted every year for the account. Once activated, manage dual authorization, administrator/user permissions, and transaction records according to the business’s own requirements. The service page says it supports tiered permissions and joint operations, but this does not replace the applicant’s responsibility to configure controls.

Source:Banorte — Banorte en su Empresa（BEM）

Please confirm with the bank before booking

Does this branch accept companies based on their place of incorporation, tax residence, UBO residence, and industry? Must the company be a Mexican legal entity with an RFC?
Must articles of association, registry extracts, and authorization documents be submitted as originals or certified copies? What notarization/apostille, Spanish translation, and document date requirements apply to foreign documents?
The representative's identity document section still lists FM2/FM3; what foreign national immigration/residency documents are currently accepted, and how are applicants without Mexican residency handled?
What are this account’s UBO/controller identification thresholds, indirect-control assessment, forms, identity documents, and supplemental source-of-funds requirements? How does the bank handle PEPs and links to sanctioned jurisdictions?
Are there minimum amounts for opening the account or making the first deposit, average monthly balance requirements, or practical acceptance restrictions? How can the current account-opening fee, account management fee, cross-border payment rates, and payment evidence requirements be obtained?
After account opening, which changes to company information must be reported to the bank, through what channel, and are there specific deadlines or periodic reviews? Can the updated documents required for a BEM application also be used for the account records?

Not confirmed by public information

No public information from Banorte has been found confirming eligibility for foreign-incorporated companies, legal entities with only a foreign address, non-resident UBOs, or applicants from specific nationalities/industries.
The Enlace Global PM page does not publish the bank’s UBO ownership threshold, controller criteria, UBO-specific declaration, source-of-wealth checklist, or triggers for enhanced due diligence.
The website uses the former FM2/FM3 designations; current replacement-document rules for foreign representatives, visa/residency requirements and acceptance of non-resident representatives require written confirmation.
Requirements for certification, translation, originals/certified copies, and document validity periods for offshore articles of association, company registration, and authorization documents have not been published.
The CNBV rules reviewed confirm the requirement for banks to have procedures for updating identity information, but do not publicly specify a uniform review cycle, number of days to report changes or deadline for providing additional documents for Banorte corporate customers.
The minimum average monthly balance and fees listed on the product pages may change between versions. Request the applicable rates, limits, and written account-opening checklist at the time of application.

Sources & Scope of Verification

Banorte — Enlace Global PM business account
The bank’s official website explicitly states that this account is for legal entities and requires an in-branch application. It lists company incorporation records, SHCP/RFC, the company address, a notarized power of attorney on record, the representative’s identification, and RFC/address documents for signatories. The foreign-representative document list still refers to FM2/FM3; the website does not explain its policy on non-residents or companies registered abroad.
Banorte — Banorte en su Empresa（BEM）
The bank’s official website states that BEM applications must be made at the same branch where the account is opened and accompanied by updated documents; corporate documents include copies of the company’s articles of incorporation and authorization documents. These are BEM application requirements, not the periodic review cycle for a term account.
Mexico's Federal Official Gazette (DOF) — Amendments to the general provisions applicable to credit institutions
The formally amended regulatory text requires banks to establish procedures and controls for verifying and updating customer identity information. The provisions reviewed do not prescribe a uniform frequency, documentation threshold, or case outcome for every customer of this Banorte product.
Mexico's Federal Official Gazette (DOF) — 2021 Federal Tax Code amendment, CFF Articles 32-B Ter and 32-B Quinquies
The statutory text requires information on beneficial controllers of covered entities to be obtained, retained, and verified, and updated within 15 calendar days after a change in identity or participation; it also requires financial institutions to identify beneficial controllers in connection with financial accounts and take reasonable identity-verification measures. This tax-law obligation is not a separate account-opening document checklist published for Banorte products.

Fees and timelines

The following figures are displayed for specific products on Banorte's webpage and are provided for reference only. The webpage does not specify a single applicable version date; request the current fee schedule before proceeding: the Cuenta Enlace Personal page lists a monthly management fee of MXN 70+IVA, or MXN 180+IVA under the balance plan, and states that the fee may be waived if conditions are met. The page states that there is no minimum opening amount for opening an account at a branch. The Cuenta Enlace Digital page states that there is no minimum opening amount and lists a monthly deposit limit of MXN 21,230 (the page notes that this is equivalent to 3,000 UDI). The Enlace Global PM page lists a minimum average monthly balance of MXN 10,000 and a charge of MXN 14+IVA for each check issued. Fees and restrictions for one product do not apply to another; the bank must confirm any fees, balance/transaction limits not listed here, and whether they are still in effect.

Limitations and practical considerations

These publicly available account-opening materials are for domestic branches in Mexico and specific online products. There is no evidence that Banorte accepts individuals with only an overseas address or companies registered overseas, and it cannot be assumed that all foreign applicants are eligible.
Cuenta Enlace Digital explicitly requires a CURP; no alternative process was found for non-residents without a CURP.
The foreign-national identification page and the Enlace Global PM page include older terms such as FM2/FM3; the bank must confirm the current immigration documents and equivalent documents.
The company account page requires documents for a company registered in Mexico, tax registration/RFC, and an application at a branch; acceptance of foreign companies, non-resident directors/UBOs, and foreign notarized documents should be confirmed in writing.
CNBV regulatory records confirm that the entity has appeared in official records, but as of 2026-10-26, this review of public materials did not obtain direct evidence of current authorization. An old list entry or details of a penalty must not be treated as a valid license certificate.
Public materials do not constitute approval to open an account for any applicant, and are not a current appointment or agency channel for Rengangyongsheng.

Licensing evidence and regulatory verification

The entity record was found, but verification of current authorisation status was not completed as of the review date. CNBV's official list of authorised entities, “All items,” lists “Banco Mercantil del Norte, S.A.” under multiple banking categories; the list record is dated 2015-05-27. This older record only proves that the name appeared on the list at that time; it does not independently prove that valid authorisation remained in effect in 2026. CNBV penalty details 55306/0 dated 2023-01-23 record the full legal name “Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte,” the industry category “Instituciones de banca múltiple,” and Clave CASFIM 79. This is a specific regulatory record concerning the entity, not proof of a current licence. Banorte's own product page also identifies the product-operating bank by its full name. Before opening an account, ask CNBV/the bank to confirm current authorisation and the specific account-holding entity in writing; no licence number has been invented.

National Banking and Securities Commission of Mexico (Comisión Nacional Bancaria y de Valores, CNBV); the CNBV is the banking regulator/registry authority used for verification of this item. Official registration or record

Information sources

Banorte — Cuenta Enlace Personal
Personal account application steps at a branch and through Móvil, identity and proof-of-address requirements, the full legal name of the bank operating the product, and personal account rates displayed on the webpage.
Banorte — Lista de Identificaciones Oficiales
Valid official ID, passport/immigration document categories listed for foreign applicants, applicable conditions for proof of address, and the usual three-month validity period; the page uses former names such as FM2/FM3, so it cannot replace the bank’s confirmation of current requirements.
Banorte — Cuenta Enlace Digital
The requirements expressly stated for this online product, including CURP, mobile phone, and email; no minimum opening deposit; the monthly deposit limit; and the operating bank entity. This does not support an inference that all non-resident foreign nationals are eligible to apply.
Banorte — Enlace Global PM
Branch application channel for corporate accounts, officially listed company/representative documents, displayed average monthly balance and cheque fees, and the product-operating bank’s legal name.
CNBV — EntidadesAutorizadas, All items
Historical entry “Banco Mercantil del Norte, S.A.” in the CNBV official list of authorized entities, its multiple banking category, and the page record date 2015-05-27; this historical entry does not establish its current authorization status in 2026.
CNBV — Detalle de Sanción 55306/0
The specific CNBV regulatory record dated 2023-01-23 lists the full legal entity name, the Instituciones de banca múltiple category, and CASFIM 79; this enforcement detail is an entity record, not proof of a current licence.
SAT — Inscripción en el RFC de personas físicas
SAT’s individual RFC registration methods and in-person requirements, including valid immigration documents for foreign nationals, proof of tax domicile, identification, and the requirement for a tax identification document from the country of residence in certain cases involving people living abroad.
SAT — Intercambio Automático de Información Financiera
SAT officially lists FATCA (tax compliance information exchange between Mexico and the United States) and CRS (automatic exchange of financial account tax information) as separate frameworks.
SAT — Acuerdo SHCP México-Departamento del Tesoro de Estados Unidos
The publicly available FATCA-related intergovernmental arrangement between Mexico’s Ministry of Finance and the U.S. Treasury; supports describing U.S. tax information exchange separately under FATCA and does not establish that the United States participates in CRS.
CNBV — Ley de Instituciones de Crédito
The official text of Mexico’s Credit Institutions Law published by the CNBV; its provisions on bank customer identification and blocked lists form part of Mexico’s banking AML/KYC regulatory baseline and do not constitute a case-specific determination by Banorte.
IPAB — Obligaciones garantizadas
IPAB’s official information on eligible deposits at multiple Mexican banking institutions, exclusions from protection, and the maximum of 400,000 UDI per person per institution.
The Banker — Top 200 Latam banks 2025: Highlights
The Banker describes the Latin America Top 200 as a regional ranking by Tier 1 capital; this entry is only for candidate-selection context and does not support claims about an individual ranking, license, or account-opening facts.

Verification

Research verification

Most recently verified: 2026-10-26
Status: Some information remains to be confirmed: Banorte's personal and legal entity product pages, identity/address documents, SAT RFC and FATCA/CRS frameworks and IPAB protection statements have been checked. A historical authorisation list entry for the bank and a specific entity record for 2023 have been found in CNBV's public supervisory materials. The CNBV records reviewed did not establish the current authorisation status as of 2026-10-26. The scope of non-resident personal/company account opening, overseas company applications, replacements for older immigration documents, supplementary UBO/source-of-funds documents and current rates all require written confirmation from the bank/CNBV.
Author: Drew

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