From the "Teach an old dog new tricks" Department, Gracias!

by mosesk @, Ojai, CA, USA, Friday, September 30, 2022, 22:55 (57 days ago) @ Padrino

UPDATE: Received my first monthly statement from Schwab. A couple of weeks ago, I was charged US$5.90 dollars for withdrawing MXN$100 pesos. (I thought I was withdrawing a US$100 dollars worth of pesos.) On the statement, I was credited US$0.87 dollars for the MXN$17.40 pesos ATM fee from INBURSA. So the charge was actually only US$5.03 for MXN$100 pesos. That is 19.8807 pesos to the dollar. That is a tad better than Wise, Xoom, and the Casas de Cambio. These were in the 19.55 to 19.65 range. Cool! I think I have found the best way to withdraw pesos when in Mexico. (I ain't giving up my BBVA account, though. No matter where you go in Mexico, there is a BBVA ATM machine.)

Thanks, Schwab! And many thanks to you folks here on Rob's forum!

I think you will find a slight advantage to Wise when you get up into higher amounts- like hundreds or thousands of dollars.
Wise takes their fee right off the top and then offers a slightly better exchange rate than ATMs.
Perhaps one day you will do the same experiment I did.
Exchange say $1000USD at both an ATM using your Schwab card and an online Wise transaction at the same time.
Then compare the amount of pesos that you get via both transactions.
And ultimately compare the exchange rate you got from both.

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