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-   -   Atm fees (https://www.expatforum.com/expats/mexico-expat-forum-expats-living-mexico/48101-atm-fees.html)

diablita 7th May 2010 06:34 PM

Atm fees
 
ATM fees seem to have jumped in the past week. Yesterday I was charged 29 pesos to withdraw cash from a Banamex ATM in Acapulco. Previously the charge was around 7.5 pesos or 0. My USA bank is Wells Fargo. Is this countrywide or just here?

sparks 7th May 2010 07:54 PM

Bancomer yesterday 19.50 plus 3.12 IVA. Others are reporting no fee at Banamex in Jocotepec. Santander was closed to foreign cards yesterday assuming they were upgrading software

RVGRINGO 7th May 2010 08:25 PM

If you have the right bank and ATM combination, you may not have to pay those fees. I am an eligible member of USAA and pay no ATM fees at all, anywhere. I understand that Bank of America and CitiBank have relationships with certain Mexican banks and that you can avoid most fees if you bank with them and use the correct ATM in Mexico. So, all I can recommend is that you talk to your bank in the USA and/or to other US banks to find the best combination.

chicois8 7th May 2010 09:54 PM

BanamexUSA an online bank in Los Angles was set up by Banamex for expats, in fact you need to fax or send a receipt of a Mexican electric,water or phone bill in your name to open a checking ,savings or money market account...You then can get an ATM card that you can use at any Banamex ATM in Mexico or Citibank ( owners of both banks) ATM anywhere in the world without a fee...if you use a Citibank ATM card at a Banamex ATM you are charged a 3% international exchange rate fee...I can transfer money from my Citibank account to Banamex USA accounts without any fees....

sparks 7th May 2010 10:14 PM

RV ... the Mexican fees are changing at least for some banks. It looks like they may become universal. It's supposedly been in the Mexican news but I've not found it

Salto_jorge 7th May 2010 10:22 PM

I have been using my BOA card at santander without a fee in GDL. I will check my statements to see if I am now charged a fee.

sparks 7th May 2010 10:46 PM

Quote:

Originally Posted by Salto_jorge (Post 296276)
I have been using my BOA card at santander without a fee in GDL. I will check my statements to see if I am now charged a fee.

It started yesterday and Santander has been closed to foreign cards

A post from Zihua
Quote:

Today I was at HSBC and a 16% IVA was tacked on to My Withdrawal , OUCH !!

Southbound 8th May 2010 04:44 AM

At the Bancomer branch near the Plaza in Ajijic last Thursday it was the usual fee of 10 pesos total, the next day on Friday April 30th it had jumped to the 19.5 plus 3.12 IVA that Sparks experienced in Jocotepec, effectively doubling overnight. It appears from the posts above that the fees are varying quite a bit, depending on location.
This amounts to seeds of inflation any way it is viewed, lets hope other services and goods do not follow suit too soon!

sunnyvmx 8th May 2010 12:51 PM

I used my BoA debit card twice this week at a ScotiaBank in Catemaco in preparation for a trip to Playa del Carmen. I have not been charged any additional fee on the limit amount as of yesterday. I hope this holds true.

sparks 8th May 2010 01:58 PM

From May 5 banks apply a commission ranging from 7 to 36.36 pesos when an ATM cash withdrawal outside the bank issuing the card, depending on the location and line of business.

Bancos escudan nuevas tarifas en cajeros - El Universal - Finanzas


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