Finthy Mexico - Personal Finance Dashboard

Why Mexican Finances Need a Different Tool

Mexico’s banking landscape is unlike anywhere else. The six largest banks — BBVA, Banorte, Santander, Banamex, HSBC, and Scotiabank — hold 80% of deposits, but a wave of neobanks and fintechs like Nu, Klar, Stori, Mercado Pago, and Rappi has created a fragmented financial life for millions. Add CETES directos for government bonds, afore accounts for retirement, and maybe income in US dollars, and no single app gives you the full picture.

Mexico has no Open Finance regulation yet. Unlike Chile and Brazil where regulators are mandating API access, Mexican banks keep their data locked inside proprietary systems. This makes tools like Finthy essential — we connect the dots that banks refuse to connect themselves.

How Finthy Connects Mexican Banks

Chrome Extension: Direct Bank Sync

Finthy’s Chrome Extension reads transactions directly from your online banking session. You log into Banorte, BBVA, Banamex, HSBC, or Santander as usual, and the extension extracts your data in-browser. Your credentials never leave your computer — no third-party tokens, no stored passwords.

The extension supports 25+ Mexican institutions including the major banks, Scotiabank, Inbursa, BanBajío, Banco Azteca, and digital banks.

Statement Upload: Every Bank Covered

For institutions not yet supported by the extension, or for accounts like your afore or CETES directos, upload your statements (PDF, CSV, or OFX) and Finthy processes them automatically with AI-powered categorization.

Both methods use 256-bit encryption, the same standard used by banks regulated by the CNBV (Comisión Nacional Bancaria y de Valores).

The USD-MXN Reality

Remote Workers and Freelancers

Mexico is the top destination for American remote workers and a growing hub for Latin American freelancers earning in USD. If you receive payments through Wise, Payoneer, Mercury, or direct wire transfer, you face a daily question: how much do I actually have after conversion?

Finthy shows your USD income and MXN expenses side by side with live exchange rates. Our freelancer budgeting guide covers specific strategies for managing the peso-dollar dance — when to convert, how to budget for exchange rate fluctuations, and how to set aside for SAT obligations.

Expats from the US and Canada

Over 1.6 million Americans and Canadians live in Mexico. If you still maintain a Chase, Schwab, or RBC account while paying rent and daily expenses in pesos, you need both worlds visible. Finthy connects your foreign accounts alongside your Mexican ones — no more switching between banking apps in different languages and time zones.

Mexican Professionals with International Income

Whether you consult for US companies, receive royalties from abroad, or have investment income in dollars, tracking income across currencies is critical for SAT declarations. Finthy categorizes transactions by currency and source, making tax time significantly less painful.

CETES, Afore, and Beyond

Mexican investment options have expanded dramatically. Between CETES directos (government bonds yielding 10%+), GBM+ and Kuspit for stock trading, and your mandatory afore retirement account, your wealth is scattered across platforms that don’t communicate.

Finthy consolidates this view:

• CETES directos — track your bond investments alongside bank accounts
• Afore balance — see your retirement savings as part of your total net worth
• GBM+ or brokerage accounts — import via file upload to complete the picture
• Total net worth in MXN — all currencies converted at the current exchange rate, including that USD savings account you keep “just in case”

Our investment options overview explains how these instruments work and when each makes sense.

Budgeting for Mexican Life

Finthy’s AI categorization understands Mexican spending patterns:

• Tiendas de conveniencia — OXXO, 7-Eleven, and Waldo’s detected and categorized automatically
• Supermercados — Walmart, Soriana, Chedraui, La Comer, and Costco separated from general shopping
• Transport — Uber, DiDi, Metro, Metrobús, and gas station charges categorized distinctly
• Servicios — CFE, Telmex, Totalplay, and water bills grouped together
• Subscriptions — Netflix, Spotify, Amazon Prime, and gym memberships tracked separately

Set budgets in MXN for daily expenses and USD for international obligations. Our zero-based budgeting guide shows how to assign every peso a purpose — particularly powerful when you’re juggling two currencies.

Security and Trust

Mexican consumers are understandably cautious about sharing financial data. High-profile data breaches at SPEI (2018) and ongoing phishing attacks targeting bank customers make security a top concern.

Finthy was designed with this reality in mind:

• No credential storage — the Chrome Extension processes data locally in your browser. Your banking password never reaches our servers, unlike traditional aggregators
• 256-bit AES encryption — all data encrypted in transit and at rest, meeting CNBV security standards
• No SPEI integration risk — we don’t connect to payment rails. We read transaction data only — no money movement, no transfer capability
• Transparent business model — Finthy charges a subscription. Your financial data is never sold to third parties or used for ad targeting