Pay predial, fideicomiso fees, CFE
and pick up daily cash
while you're there.

No Mexican bank account is needed, that's what Monitiva is built for. Pay your CFE bill, predial, HOA fees, fideicomiso fees, or pick up pesos in cash, directly from your balance funded from anywhere in Canada, with no branch visits. For personal use of your property, an RFC generally isn't required. If you formally rent out your property as an investment, Mexican tax rules may require an RFC and additional reporting; Monitiva doesn't advise on this, check with a Mexican tax professional for your situation. Either way, your money stays Canadian, and your life in Mexico still runs.

Monitiva is registered with the Bank of Canada and complies with the Retail Payment Activities Act (RPAA). Your funds are safeguarded through a trust arrangement with a Canadian financial partner, kept completely separate from our operating capital. Monitiva is a payment service, not a bank, so funds aren't covered by CDIC deposit insurance, but they're protected under federal safeguarding requirements at all times. You can verify our registration directly on the Bank of Canada's public registry.

No. Using Monitiva doesn't create any new obligation with the CRA. Your Canadian tax residency is determined by your actual ties and behaviour, such as where your home, family, and economic life are based, not by which payment tool you use. Monitiva doesn't change any of that. If you have questions about your specific situation, speak with a Canadian tax advisor; every case is different and we're not in a position to advise on it.

Double-check the account or biller details before confirming: payments to CFE, the municipality, or a Mexican bank account are typically processed fast and can't be reversed once sent. Every transaction comes with a confirmation you can reference. If anything looks off, contact our support team right away, we're reachable by chat and email, with extended hours during peak snowbird season.

Yes, every time. Each transaction generates a confirmation showing the amount in CAD, the exchange rate applied, the recipient or service paid, and a timestamp. You can download these from your transaction history at any point, useful for your own records, your property manager, or your accountant.