mojo_norte
Senior Nomad
Posts: 725
Registered: 2-14-2006
Member Is Offline
|
|
Banks that exchange dollars
Do any of the banks (Mex) exchange Dollars for Pesos anymore ? I was under the impression that they stop doing this awhile back ?
|
|
|
bajatrailrider
Super Nomad
Posts: 2423
Registered: 1-24-2015
Location: Mexico
Member Is Offline
Mood: Happy
|
|
Yes they do some are rip off others give good rates. After dealing with Mexican banks.Your better off if possible bring cash from the US. Mexican
banks not user friendly like the U.S.
|
|
|
shari
Select Nomad
Posts: 13033
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
|
|
many banks require that you have an account with them...so if you dont just find some kind looking person in line who will exchange it for you and tip
them something.
|
|
|
sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
Member Is Offline
|
|
On mexconnect, ran into that topic, it was a few mo's old, but
not yrs. I was under the impression exchanging $ to pesos
stopped a few yrs. back, like 6-8, due to some idea the cartels were
laundering $, seems perposterous. Several posters, the site
is mostly mainlanders, said they rountinely exchange at banks.
Some limit per mo., with it tied to one's passport. Can't
imagine the rate would not be current. Can't remember if an
account was needed
|
|
|
weebray
Super Nomad
Posts: 1094
Registered: 7-19-2010
Location: La Paz
Member Is Offline
Mood: lleno
|
|
Two of my visiting friends tried to exchange dollars for pesos at four different banks here in La Paz. They were not successful in any instance. The
banks referred them to the casa de cambio downtown. Very poor exchange rate. Make sure you have an ATM card when traveling.
Every beautiful beach in the world needs a few condo towers - NOT.
|
|
|
ChicaSierra
Newbie
Posts: 20
Registered: 9-27-2014
Member Is Offline
|
|
....last month....We were not able to get any $ exchanged at a bank but got a good rate (20-22?) from using our credit card at 2 different Pemex. We
got cash back from overpay on Visa card in Vizcaino and got pesos for using Amex (500 pesos for each transaction) in S. Rosalia (both were at the
southern stations on west side of road.) Hope this helps!
|
|
|
rhintransit
Super Nomad
Posts: 1588
Registered: 9-4-2006
Location: Loreto
Member Is Offline
|
|
can't exchange dollars at Bancomer here in Loreto, the only game in town, unless you have an account. can be a shock to tourists, especially the
cruise ship folks I've seen trying to do so.
[Edited on 12-7-2016 by rhintransit]
reality\'s never been of much use out here...
|
|
|
shari
Select Nomad
Posts: 13033
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
|
|
We often get extra cash from Pemex stations...in Ensenada there are some stations that have a better exchange rate than the bank and they will give
you a 1,000 extra cash if you ask...sometimes. Or at stores too when you use a credit card you can ask for more cash too...every little bit helps!
|
|
|
shari
Select Nomad
Posts: 13033
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
|
|
Today I asked the Banamex teller in Guerrero Negro if a gringo could exchange dollars for pesos without a branch account and she said YES...only $300
a day and you need your passport.
|
|
|
mtgoat666
Select Nomad
Posts: 17302
Registered: 9-16-2006
Location: San Diego
Member Is Offline
Mood: Hot n spicy
|
|
Mexico's govt has been cracking down on money laundering and the cash economy that avoids income and VAT taxes. Gringo travelers seeking cash
exchange are experiencing collateral damage.
[Edited on 12-7-2016 by mtgoat666]
Woke!
“...ask not what your country can do for you – ask what you can do for your country.” “My fellow citizens of the world: ask not what America
will do for you, but what together we can do for the freedom of man.”
Prefered gender pronoun: the royal we
|
|
|
Gulliver
Senior Nomad
Posts: 651
Registered: 11-18-2013
Member Is Offline
|
|
On a sort of related subject, the ATM at the Mulege BANCOMER has not been working for getting pesos from any banks outside of their own network for at
least two days.
We have been using it to get money from our U.S. credit union for years. Has anyone else run into this? The bank manager gives the usual dance about
it being a problem that will be fixed but when pressed for any sort of prognosis goes into the usual vague palms up routine.
|
|
|
Russ
Elite Nomad
Posts: 6741
Registered: 7-4-2004
Location: Punta Chivato
Member Is Offline
|
|
I have a dollar checking account at Bancomer and yesterday I got 19.96 to 1. Yep, I have to wait in line and it is a long process with a passport and
other info but there doesn't seem to be any limit on the pesos I ask for. I use my US checking for deposits and there isn't a charge. Works for me.
Bahia Concepcion where life starts...given a chance!
|
|
|
Gulliver
Senior Nomad
Posts: 651
Registered: 11-18-2013
Member Is Offline
|
|
From conversations locally with expats here in town it seems that this has been an intermittent problem in Mulege recently.
In the past the ATM route has worked fairly well for us but a local dollar account is probably in our futures.
Now to sort out a way to get things from Amazon and such. I tried Ali Express and nothing arrived.
|
|
|
Gulliver
Senior Nomad
Posts: 651
Registered: 11-18-2013
Member Is Offline
|
|
There IS joy in Mudville. The stinking cash machine started working again here in Mulege. I haven't seen so many gringo smiles since the fake Free
Beer sign went up at the sports bar.
|
|
|
shari
Select Nomad
Posts: 13033
Registered: 3-10-2006
Location: bahia asuncion, baja sur
Member Is Offline
Mood: there is no reality except the one contained within us "Herman Hesse"
|
|
just a note about dollar accounts at Bancomer...I can only deposit $2,000 a month into it.
|
|
|
Gulliver
Senior Nomad
Posts: 651
Registered: 11-18-2013
Member Is Offline
|
|
Thanks Shari.
|
|
|
![[*]](images/xmbforum/default_icon.gif){kind=icon}
