SAT: What is the maximum amount of money you can have on your card?

Thousands of people use their debit cards every day to store money and make payments, but the question arises: Is there a maximum balance limit?

Financial experts clarify that there is no specific limit . The balance depends on the type of account you have and the conditions of each bank. Therefore, it's possible to hold amounts ranging from small to multimillion-dollar.

Although there is no limit on the accumulated balance, the SAT does monitor cash deposits . Banks must report to the tax authority when a customer receives more than 15,000 pesos in cash during a month .

This report does not automatically charge taxes , but rather allows the SAT to detect potential irregularities. Electronic transfers and check deposits do not have a reportable limit , although banks may establish internal restrictions for security reasons.

The key point is that the deposits match the income declared to the SAT . If discrepancies are detected, the authority may request clarification from the taxpayer.

Keeping your tax information in order and correctly declaring your income is the best way to avoid problems with the authorities, while enjoying the flexibility of not having a balance limit on your debit card.