Scotiabank/Inverlat cards invalid by May 21, 2012 !

[Merida Yucatan]

If you have a Scotiabank/Inverlat (Mexico) card, you probably need to go into a branch,
where they will give you a replacement card with a chip, on the spot. The old
cards become invalid May 21, 2012.

[HolyMole]

Originally Posted by Merida Yucatan

If you have a Scotiabank/Inverlat (Mexico) card, you probably need to go into a branch,
where they will give you a replacement card with a chip, on the spot. The old
cards become invalid May 21, 2012.

Probably a silly question, but just for reassurance:

I don't have a Mexican Scotiabank account, but use my Canadian Scotiabank chip ATM card for all my cash requirements while in Mexico...mainly because they don't charge for cash withdrawals anywhere in the world, (other than the 2.5 % currency conversion charge that all banks seem to charge), and because Scotiabank has branches all over Mexico.
I assume my card is not included in the changes you have mentioned.

[Merida Yucatan]

I haven't heard of changes regarding Scotiabank (Canada) cards, but I'm not certain of that situation.

[joaquinx]

Why is this site the only place where I heard this information. Shouldn't all Scotiabank clients received an email or some notification regarding this. How did you hear about this?

[Isla Verde]

Originally Posted by HolyMole

Probably a silly question, but just for reassurance:

I don't have a Mexican Scotiabank account, but use my Canadian Scotiabank chip ATM card for all my cash requirements while in Mexico...mainly because they don't charge for cash withdrawals anywhere in the world, (other than the 2.5 % currency conversion charge that all banks seem to charge), . . .

I have a Bank of America account and can withdraw money here from any Santander or Scotiabank ATM. I've never been charged a 2.5% currency conversion charge.

[Belizegirl]

Scotia Bank in Mexico is not truly affiliated with Scotia Bank in Canada. Here, Scotia Bank is part of the Carribean Scotia Bank. That is why those of us with accounts in Canada cannot go in to a branch Scotia Bank here and deposit or withdraw money.

[trpt2345]

Originally Posted by Isla Verde

I have a Bank of America account and can withdraw money here from any Santander or Scotiabank ATM. I've never been charged a 2.5% currency conversion charge.

I get money from a local Scotiabank with my American bank card all the time and have never been charged a conversion charge either, although there is a 21 point something peso charge no matter how much or little you withdraw.

[joaquinx]

The currency conversion charge is not listed on your account, but is hidden in the conversion rate. Check your rate that you get at the ATM to a conversion rate found on many Internet sites.

[Isla Verde]

Originally Posted by trpt2345

I get money from a local Scotiabank with my American bank card all the time and have never been charged a conversion charge either, although there is a 21 point something peso charge no matter how much or little you withdraw.

With the arrangement I have, there are no charges at all!

[Isla Verde]

Originally Posted by joaquinx

The currency conversion charge is not listed on your account, but is hidden in the conversion rate. Check your rate that you get at the ATM to a conversion rate found on many Internet sites.

Whenever I check the conversion rate I get from BOA, I find that it is always a very favorable one.