MMDA Account
* Before taxes
* Calculation made on July 26, 2024, for informational and comparison purposes only. With monthly interest payment frequency. Base Rate as of July 12, 2024: 4.95%. The actual GAT is the return you would earn after discounting estimated inflation.
Valid until July 26, 2024. The total Annual Earning (GAT) may change depending on the Base Rate (Term SOFR 1M less 40 (forty) Base Points, corresponding to the payment of the ordinary IPAB fee. In the event that the IPAB fee is modified by the IPAB, the Base Rate will be adjusted automatically.).
Product protected by the IPAB, up to 400 thousand UDIS (Investment Units). Consult: www.ipab.org.mx
Benefits
Daily interest according to rate and
amount at the close of the day
Daily deposit and withdrawl available
MXN and USD
Fast account opening
No fixed deadlines
For legal entities without a forced term.
That is, you have your money available when you need it, within the hours established according to the currency, having the benefit of generating daily interest according to the final balance of the account (at the closure of the day) and the established amounts that will provide a percentage of the daily base rate.
This account cannot carry out other types of transactions such as purchase and sale of currencies, SPEI, SPID or SWIFT transfer, etc.
It is only used for deposit and withdrawal through the axis account that wishes to transfer the balance.
CDMX schedules for deposit and withdrawal:
- MMDA USD: 09:00 a.m. a 11:30 a.m.
- MMDA MXN: 09:00 a.m. a 4:00 p.m.
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MMDA Calculator USD
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* Before taxes
* Calculation made on July 26, 2024, for informational and comparison purposes only. With monthly interest payment frequency. Base Rate as of July 26, 2024: 4.95%. The actual GAT is the return you would earn after discounting estimated inflation.
Valid until July 26, 2024. The total Annual Earning (GAT) may change depending on the Base Rate (Term SOFR 1M less 40 (forty) Base Points, corresponding to the payment of the ordinary IPAB fee. In the event that the IPAB fee is modified by the IPAB, the Base Rate will be adjusted automatically.).
Product protected by the IPAB, up to 400 thousand UDIS (Investment Units). Consult: www.ipab.org.mx
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MMDA Calculator MXN
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* Before taxes
* Calculation made on July 19, 2024, for informational and comparison purposes only. With monthly interest payment frequency. Base Rate as of July 19, 2024: 10.49%. The actual GAT is the return you would earn after discounting estimated inflation.
Valid until July 19, 2024. The total Annual Earning (GAT) may change depending on the Base Rate (Performance rate in primary placement of CETES at 28 days less 40 (forty) Base Points, corresponding to the payment of the ordinary IPAB fee. In the event that the IPAB fee is modified by the IPAB, the Base Rate will be adjusted automatically.).
Contract Requirements
You must be an account holder of Banco Shinhan de México.
Requirements
- Have at least one checking account (axis account) of the same currency to be able to make the corresponding deposits and withdrawals.
- Comply with the amounts established so that interest is generated.
Documents
- Proof of current address of the company (no more than 3 months)
- Current Identification of the Legal Representative.*
If the Legal Representative is a foreigner; valid Passport and Immigration Form required *
Frequently Asked Questions
How does the interest scheme work?
According to the amount, a percentage of the base rate is offered. This interest calculation is done daily according to the end of the day.
Which is the transfers schedule?
For your MMDA account in pesos, the schedule is from 8am to 3pm. In the case of MMDA in dollars, it is from 9am to 12:30pm.
Is my money always available when I need it?
Of course. There is no mandatory term, so you can use your money whenever you need it, as long as it is within the established hours.
When do I receive payment for the generated interests?
The payment is made on the last day of the current month.
Is it necessary to be a Shinhan Bank customer to contract this product?
Yes, it is necessary to have a main account (checking account) prior to contracting the product.
Corporate information
Financial Information
Remunerations System
Bylaws
Shareholders Resolutions
Risk Information
Contact
Av. P.º de la Reforma 250, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX
Contact Shinhan: (55) 6722-8000
Inquiry Condusef: 800 999 8080 y 55 53400999
