How much cash can I take out of Mexico?

If you enter or leave Mexico, you must declare any sum of money equaling US$10,000 or more that you bring in cash, checks, money orders, other cashable documents or a combination of them. Failing to declare carries a fine ranging from 20% to 40% of the exceeding amount.



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So how much cash can you fly with? You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security.

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You must declare all items you purchased and are carrying with you upon return to the United States, including gifts for other people as well as items you bought for yourself.

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You must declare cash of £10,000 or more to UK customs if you're carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK. If you're travelling as a family or group with more than £10,000 in total (even if individuals are carrying less than that) you still need to make a declaration.

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Follow the 25% rule regardless of how many days you will be in Mexico. For example, if your total budget for a seven-day vacation is $1500USD, you should bring a total of $375USD or $7,000 MXN. This totals about $50USD in cash per day.

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You must use your residency card to exit and re-enter the country if you are legally resident in Mexico. If you have lost or damaged your residency card, you need to apply for a replacement.

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All travelers must complete a CBP Declaration Form 6059B itemizing all purchased merchandise and agricultural products. Here are your options: Complete a paper form that may be obtained at the port of entry or on the flight or cruise.

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After passing through immigration, you collect your bags and proceed to the exit. You will hand the form to the customs agent and press the button on what looks like a traffic light. A green light means “go” and red means “inspection” in which case, officials perform a quick inspection.

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At the point of entry into Mexico, you must report to the customs authorities and present the medical prescription issued by the competent authority. Said document must bear the name of the doctor who authorizes the prescription, his/her signature, contact details (telephone, address) and professional registration.

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Withdrawal limits are set by the banks themselves and differ across institutions. That said, cash withdrawals are subject to the same reporting limits as all transactions. If you withdraw $10,000 or more, federal law requires the bank to report it to the IRS in an effort to prevent money laundering and tax evasion.

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It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.

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