Afore alternatives after sale of Citibanamex

Following the announcement of Citibanamex, users, mainly clients of the bank, have expressed their doubts about what will happen to their money and the alternatives available for the Retirement Fund (Afore), therefore in AmericanPost.News we bring you all the details.

The first thing you should know is that there will be no increase in the collection of commissions, because the Retirement Fund that decides to acquire its client portfolio must respect the commission that the bank already charged the workers.

Previously we explained what will happen to Citibanamex clients now that the bank will be sold and will change its name, so this time we bring you all the alternatives of banks where you can open an individual savings account for the retirement of workers in the country.

Alternatives for afore

There are several options for savings. The Retirement Fund Administrators are the financial tool that is responsible for managing, investing and protecting.

Let us remember that the Afore are financial institutions that manage the resources of the retirement savings accounts on behalf of the workers. In 2021, the banks that offered the best services, commissions and performance according to Consar are:

  • South
  • Citibanamex
  • Invercap
  • XXI Banorte
  • Future
  • Metlife
  • Principal
  • PensionISSSTE
  • Aztec
  • Inbursa

If you are a Citi customer and want to change to another banking alternative, the first thing you should do is download the application “Mobile afore”From the mobile device and once you have signed up for the service, you must choose the services icon, where you will find the option for the change.

In this process, workers will have access to various indicators to be clear about whether or not it is convenient for them to change. Yields range from 12 to 60 months, the commissions and evaluations of services may vary according to each institution.

What should I do to change the Afore?

The Retirement Fund Administrators are the financial tool that is responsible for managing, investing and protecting.

The interested party should contact the financial institution to which they wish to change. Once the process has started, the promoter agent will provide the following documents: Transfer Request (which contains the Retirement Fund Management Contract) and the Net Performance Document.

Subsequently, you must receive a page of the transfer request, which must be provided to the agent to continue with your process. The process to change the Afore is free and there is a period of 20 business days from the signing of the transfer request.

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