Bunq files for Mexico banking license to serve expats and nomads

Mexico neobank Bunq files for banking license for expats

Bunq’s Mexico plan is still pending

Bunq filed for a full Mexican banking license with the National Banking and Securities Commission and Banco de México on May 13, but it hasn't received approval yet. The Dutch neobank says a license would let it offer full-service banking, multi-currency accounts and deposits protected by the Institute for the Protection of Bank Savings (IPAB).

The filing is aimed at people living international lives in Mexico, especially residents who need to manage pesos and foreign currencies in one app. Bunq hasn't given a launch date and none of the Mexico-specific products are live yet.

Expats and remote workers are the main target

Bunq says the service is for “global citizens,” which puts expats, digital nomads and cross-border workers at the center of the pitch. If approved, the bank would offer local Mexican accounts alongside balances in other currencies, all managed through its mobile app.

That would matter most for people who get paid abroad, pay bills in Mexico or move money between Mexico and Europe or the U.S. For now, though, those users still need to wait for the regulatory process to clear.

What to watch before it opens

Any local rollout will depend on CNBV approval, then final testing and sign-off. Bunq hasn't published Mexico fees, account rules or onboarding requirements, but it will likely need to meet standard Mexican banking checks, including local ID and address documents.

Until then, Bunq’s Mexican offer remains prospective, not active. Read our full Mexico guide for the complete picture. For more visa updates, check the latest coverage.