Condusef warns about debts with these banks that will make you pay thousands

Although it is true that currently the use of financial services is very useful, it is also true that carelessness in bank accounts can lead us to greatly compromise our financial health.

It is in this way that the National Commission for the Protection and Defense of Users of Financial Services (Condusef) warned the account holders of the different banks that operate in the Mexican national territory about how harmful it can be to have a debt of 20 thousand pesos and only pay the minimum.

It is in this way that, according to information from the National Commission for the Protection and Defense of Users of Financial Services (Condusef), for a debt of 20 thousand pesos, the banks with the lowest minimum payment are invexBanco, Scotiabank, Citibanamex, AFIRME and Santander, with an amount of 437.50 pesos.

However, by having the lowest minimum payment, The debt of 20 thousand pesos increases exponentially. In this sense, in invexBanco, the liabilities reach 215 thousand 435.58 pesos; in Scotiabank, at 181 thousand 794.27 pesos; in Citibanamex, at 169 thousand 56.36 pesos, and in Afirme at 153 thousand 240.05 pesos.

Meanwhile, below we leave you the comparative table of the minimum debt payments with the banks that operate in Mexico:

Thus, according to data from the Ministry of Finance and Public Credit (SHCP), the banks with the highest minimum payment for a debt of 20 thousand pesos are BBVA, Banorte, BanCoppel and Inbursa, with amounts of 7 thousand, 2 thousand, 1,800 and 1,500 pesos, respectively.

On the other hand, Condusef carried out a comparison of what would happen if an account holder from different banks paid 500 pesos more than the minimum required by financial entities.

Under this understanding, according to data from the Ministry of Finance and Public Credit (SHCP), if a client has a debt of 20 thousand pesos with their bank and pays 500 pesos more than the minimum required, the following amounts would be paid in total:

It should be noted, as you may have noticed, if 500 pesos more than the minimum are paid on a debt of 20 thousand pesos with the BBVA bank, the liability would be settled with 21 thousand 625.24 pesos; Meanwhile, the same debt would be paid with 30 thousand 786.86 pesos in the HSBC bank, and with 33 thousand 13.64 pesos in BanCoppel.

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