Banamex USA provides banking services for companies and individuals that do business in Mexico, the United States, and Latin American countries. Its corporate banking services include working capital loans, import/export lines of credit, accounts receivable and inventory financing, commercial and stand-by letters of credit, electronic funds transfer, foreign exchange (Peso-Dollar), and deposit and investment accounts. The company also offers checking, savings, and money market accounts; time deposit accounts, ATM cards, and VISA or MasterCard credit cards; and electronic funds transfer and foreign exchange services for individuals. In addition, it offers online banking system andcash management services; and investment products. The company was formerly known as Citibank (Banamex USA) and changed its name to Banamex USA in December, 2009. It was founded in 1963 and is headquartered in Los Angeles, California. Banamex USA operates as a subsidiary of Banamex USA Bancorp.