ATM Offered Exchange Rate

by HolyMole, Saturday, October 06, 2018, 12:37 (226 days ago) @ JACK

Drew pesos from HSBC ATM this morning. They offered a rate of 13.68 pesos/Cdn$.
Someone suggested earlier to reject this rate, which I did. The ATM continued and gave me my pesos. Got home, check my bank account and had received and exchange rate of 14.18 pesos/Cdn$. That's a difference of .5 pesos per Cdn$.
Just wanted to let everyone know that this works.

In Mexico, I've primarily used my Scotiabank client card at their machines, but have, on occasion, used Banorte, Santander, Banamex, etc., and don't recall ever being "offered" an exchange rate at an ATM.
Where, in the ATM transaction process, is an "offer" made.....and why, in Heaven's name, would any bank worth its salt ever say "OK, we'll give you a rate that's 3 or 4% better, just 'cuz you said 'no'"?
Just curious.

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