Buying Pesos from Chase Bank

by Gringo Viejo @, Kansas/Zihuatanejo, Saturday, December 23, 2017, 11:00 (272 days ago) @ DaveT

Every bank is different. Your bank fee for pesos before you leave may or may not be a good deal. For example, about a year ago B of A had a minimum charge of $35 for USDD/pesos BUT if you exchanged $1,000 there was no fee BUT there exchange rate was low.

I use Scotia Bank and a B of A debit card. I get a pretty high rate of exchange BUT they charge 3% bank fee which shows up as a separate bank charge. Even with this charge I have done "same day" transactions at the airport ATM and the Scotia Bank at Commercial Mexicana and got the best rate at the CM ATM.

Every bank and every ATM and every day can be different BUT for the average visitor the bottom line "out the door" difference for any of the ATMs with a major bank is very little.

I always confirm the fare for a taxi ride before I get in the taxi AND I confirm the driver has change. It is an old scam to say "No cambio (I don't have change) at the end of the trip when you offer a 50 peso bill for a 40 peso trip.


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