Is there a maximum limit to have on a debit card without drawing the attention of the SAT?

Nobody wants to have problems with the Tax Administration Service (SAT), which is why there are many cardholders who wonder if There is a maximum limit to have saved on a debit cardand we will immediately clear up your doubt.

In this context, it will be necessary to clarify that, Although there is no limit as such as to the money that can be saved on a debit card, what does have a maximum, according to Mexican laws, is the money deposited month by month to these bank cards..

To do this, you should know that there are 4 levels of debit cards, which establish the monthly deposit limits that account holders can make, and they are the following:

*Level 1: exclusive cards for individuals

These debit cards are the most basic and are used only by individuals. The maximum monthly deposit is around 6,030 Mexican pesos, something like 750 UDIS (Investment Units). In addition to the fact that the accumulated balance in the account cannot exceed 8 thousand 40 pesos, around a thousand UDIS.

*Tier 2: Higher deposit limits for subsidies and government support program

For their part, level 2 debit cards are exclusive to individuals. Thus, the monthly deposit limit is 24,121 Mexican pesos, that is, 3,000 UDIS. However, if the money comes from subsidies and government support programs, the deposit limit will be up to 6 thousand UDIS or 48 thousand 243 Mexican pesos.

*Level 3: cards for individuals and companies

These debit cards can be used by individuals and legal entities, and their limit is 10 thousand UDIS, that is, something like 80 thousand 405 Mexican pesos.

*Level 4: cards with no monthly deposit limit

For both individuals and legal entities, level 4 debit cards do not have a monthly deposit limit, however, the issuing bank can establish a monthly deposit limit, according to what was agreed with the client.

Now, in the event that the monthly deposit limits on the debit cards mentioned above are exceeded, the banks will have to report said situation to the tax body belonging to the Ministry of Finance and Public Credit (SHCP), after which the SAT An investigation will begin.

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