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Dynamic currency conversion

by Timmac @, Steilacoom, WA, Friday, January 17, 2020, 07:15 (2491 days ago)

There has been a lot of discussion recently about getting the best exchange rate. Here is an article that explains what not to do. While this is about a hotel transaction, the same applies to ATMs.
Dynamic currency conversion

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Dynamic currency conversion

by mosesk @, Ojai, CA, USA, Friday, January 17, 2020, 08:04 (2491 days ago) @ Timmac

There has been a lot of discussion recently about getting the best exchange rate. Here is an article that explains what not to do. While this is about a hotel transaction, the same applies to ATMs.
Dynamic currency conversion

I still have yet been presented with the “DCC”.
I usually use the Banorte ATMs where I can get 15,000 MXP for 46.28 fee.

Dynamic currency conversion

by Paulf @, Mount Sterling, Ky 40353, Friday, January 17, 2020, 12:58 (2491 days ago) @ mosesk

Thanks for information on the Board, when I went to use my ATM card I was asked if I wanted to use their conversion and as suggested I answered no. ETrade changed their bank to NYC bank I believe for I had to go to 3 Banks before my card worked. Before if the bank was member of one of the processing banks I had no problem. Now I have to go to a Visa or MC ATM. The bank I had to use charged 100 Peso's for bank fees and Vat tax on my withdrawal. The other 2 banks were charging around 56 Peso's before declining withdrawal- I am now when I get home for a new Bank for International ATM withdrawals.