Who is the MTU for?
The Monto Transaccional del Usuario (MTU) applies only to individual persons and for transfers of third-party accounts, both within and outside the same bank. It does not consider transfers between personal accounts.
MTU Options
The MTU is a useful tool for safeguarding your finances. If you are an independent worker or run a business and pay employees, suppliers, or other expenses through personal bank accounts, it’s crucial to activate this feature as soon as possible. Although not mandatory for business accounts, it is highly recommended to protect your account.
When does it take effect?
Starting October 1, all banks must prepare their applications for users to activate the MTU. There is a three-month grace period, and it will become mandatory by December 1.
What happens if I don’t apply it?
According to the regulation by the Comisión Nacional Bancaria y de Valores (CNBV), banks are advised to set a limit of 1,500 Unidades de Inversión (Udis), approximately 12,800 pesos, if the user does not set their MTU. However, this amount may vary depending on each institution and client.
Can I change it?
You can adjust the MTU as many times as you want, free of charge. This can be done online instantly or in-branch after authentication.
What is the recommendation?
Experts advise setting low limits for individuals to prevent large-scale account draining in case of password theft. For entrepreneurs, it’s recommended to verify their typical transaction amounts and set limits accordingly, adjusting them as needed anytime.
Potential Impact on Businesses
The Cámara de Comercio de la Ciudad de México warns that not configuring the MTU could limit significant operations, such as payroll, supplier payments, or investments. It may also cause delays if clients are unfamiliar with the adjustment process and reduce flexibility during critical moments, particularly for small and medium-sized enterprises or users with high financial activity.
Key Questions and Answers
- Who is the MTU for? The MTU applies to individual persons and third-party account transfers, not internal account transfers.
- What are the MTU options? You can set limits on personal bank accounts and adjust them as needed for business transactions through business accounts.
- When does the MTU take effect? Starting October 1, banks must prepare their applications for users to activate the MTU. It becomes mandatory by December 1.
- What happens if I don’t apply the MTU? Banks are advised to set a limit of 1,500 Udis if the user does not set their MTU.
- Can I change the MTU limit? Yes, you can adjust it as many times as needed, free of charge.
- What is the recommendation for business owners? Set low limits to prevent large-scale account draining and adjust transaction limits based on typical business needs.
