There are several currency exchange firms (Casas de Cambios) operating in San Miguel, some of which have multiple offices. These firms will provide exchange services for residents and visitors, including buyers needing to pay for their residences in SMA. You will need to bring your passport and FM2 or FM3 and utility bill in order to open an account.
Commercial banks will also handle currency exchange requirements but there are delays in obtaining the local funds, so make certain you have full knowledge of the process before you start the exchange with a bank.
Banks, currency exchange firms, and credit unions are regulated by the Comision Nacional Bancaria y de Valores (CNBV), which reports to La Secretaría de Hacienda y Crédito Público (SHCP).
We have included the name of the currency exchange firm, location(s), contact, telephone, email address, and website if available.