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

by Padrino ⌂ @, San Diego/Rosarito, Saturday, September 24, 2022, 15:27 (249 days ago) @ Rsimms
edited by Padrino, Saturday, September 24, 2022, 16:06

I pulled funds from ATM using Schwab debit card - which I use exclusively - last week (on two separate days) and received exchange rates of 19.78 and 19.85. I’ve done this for the past five years and when I check the exchange rate I am given against the published rate that day there’s not a lot of air between the two. It’s imperative that you decline the rate offered by the ATM at the end of the transaction, however. I think that’s what caused the confusion for some…

Many Graces, RSimms! How did you know the exchange rates? Did the system inform you before the transaction was submitted or did they print it in the receipt?

After Schwab reimburses me for the ATM fee, I will know the exact exchange rate because INBURSA didn't inform me beforehand and the rate was not printed on the receipt. However, I am already pretty sure that it was close to 20 pesos to the dollar. That's great!

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