BajaNomad
Not logged in [Login - Register]
Go To Bottom

Printable Version  
 Pages:  1  
Author: Subject: Peso problem
okiegumbo
Junior Nomad
*




Posts: 28
Registered: 11-6-2005
Location: San Angelo, Texas
Member Is Offline


[*] posted on 1-12-2019 at 12:14 PM
Peso problem


My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as change.

Should I be more vigilent in the future while in Mexico?
View user's profile
TMW
Select Nomad
*******




Posts: 9791
Registered: 9-1-2003
Location: Bakersfield, CA
Member Is Offline


[*] posted on 1-12-2019 at 12:59 PM


No just let them deal with it.
View user's profile
weebray
Senior Nomad
***




Posts: 964
Registered: 7-19-2010
Location: La Paz
Member Is Offline

Mood: Free

[*] posted on 1-12-2019 at 01:01 PM


I assume they gave you nuevo pesos? BTW the peso is headed up in a big way the last week or so.

[Edited on 1-12-2019 by weebray]




#45... The United Disgrace of America
View user's profile
Alm
Ultra Nomad
*****




Posts: 2005
Registered: 5-10-2011
Member Is Offline


[*] posted on 1-12-2019 at 03:45 PM


I have not heard that some pesos were taken out of circulation recently. Is there any proof of this? (at least, a link to well known source)
View user's profile
mtgoat666
Select Nomad
*******




Posts: 11973
Registered: 9-16-2006
Location: San Diego
Member Is Offline

Mood: Indivisible, resisting fascists in orange hair!

[*] posted on 1-12-2019 at 03:54 PM


Quote: Originally posted by okiegumbo  
My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as change.

Should I be more vigilent in the future while in Mexico?


You gave the bank bad money, so your fault, you owe the bank.

Based on your experience, yes, you should be vigilant about being given bad money at the particular establishments you visited.




Make America Decent Again
View user's profile
bajaguy
Select Nomad
*******




Posts: 9146
Registered: 9-16-2003
Location: Carson City, NV/Ensenada - Baja Country Club
Member Is Offline

Mood: must be 5 O'clock somewhere in Baja

[*] posted on 1-12-2019 at 04:00 PM


My questions are where did you eat in Ensenada and where did you get fuel??


Quote: Originally posted by mtgoat666  
Quote: Originally posted by okiegumbo  
My bank (WF) called me today. They said that the pesos I sold back to them last November were no longer in circulation. They wanted me to voluntarily pay $92 to cover their loss. I declined, not my mistake, not my problem. I paid for gas and dinner in Ensenada and received the bills as change.

Should I be more vigilent in the future while in Mexico?


You gave the bank bad money, so your fault, you owe the bank.

Based on your experience, yes, you should be vigilant about being given bad money at the particular establishments you visited.
View user's profile
basautter
Senior Nomad
***




Posts: 766
Registered: 7-1-2013
Member Is Offline


[*] posted on 1-12-2019 at 04:05 PM


Can someone please explain which pesos are no longer in circulation? Pictures would be nice. Thanks in advance! :?:
View user's profile
AKgringo
Ultra Nomad
*****




Posts: 2826
Registered: 9-20-2014
Location: Los Anchorage, AK
Member Is Offline

Mood: Retireded

[*] posted on 1-12-2019 at 04:09 PM


It sounds like a crooked business owner, or more likely a rouge employee, slipped a few pre-1993 pesos into the change given!.

At the time of changing to the "new peso", 1000 old pesos was equal to one new one!

It sure would be nice to know which pemex or resturant that happened at.


[Edited on 1-12-2019 by AKgringo]




If you are not living on the edge, you are taking up too much space!

"Could do better if he tried!" Report card comments from most of my grade school teachers. Sadly, still true!
View user's profile
okiegumbo
Junior Nomad
*




Posts: 28
Registered: 11-6-2005
Location: San Angelo, Texas
Member Is Offline


[*] posted on 1-12-2019 at 04:43 PM


Goat:

I did not give the bank "bad money." Bank said it was not counterfit, it was just no longer in circulation. It is entirely possible I received the pesos when I purchased them from my bank. Note, I also said the bank asked to be reimbursed voluntarily. I have no way of knowing which establishment may have given me obsolete currency. I would not want to wrongly accuse someone. Perhaps you would be kind enough to elighten us all on how to identify a questionable note.
View user's profile
thebajarunner
Elite Nomad
******




Posts: 3065
Registered: 9-8-2003
Location: Oakdale, CA
Member Is Offline

Mood: muy amable

[*] posted on 1-12-2019 at 04:48 PM
Not a realistic request


Quote: Originally posted by okiegumbo  
Goat:

I did not give the bank "bad money." Bank said it was not counterfit, it was just no longer in circulation. It is entirely possible I received the pesos when I purchased them from my bank. Note, I also said the bank asked to be reimbursed voluntarily. I have no way of knowing which establishment may have given me obsolete currency. I would not want to wrongly accuse someone. Perhaps you would be kind enough to elighten us all on how to identify a questionable note.


You have asked the Goat for a positive piece of input
The Goat only does negative
Better luck next time
View user's profile
Alm
Ultra Nomad
*****




Posts: 2005
Registered: 5-10-2011
Member Is Offline


[*] posted on 1-12-2019 at 05:01 PM


Quote: Originally posted by basautter  
Can someone please explain which pesos are no longer in circulation?

Since nobody was able to answer this (also mine) question, here it is:

http://www.anterior.banxico.org.mx/billetes-y-monedas/servic...

Only first 2 types are no longer in circulation: AA and A.
View user's profile
MrBillM
Platinum Nomad
********


Avatar


Posts: 20876
Registered: 8-20-2003
Location: The NSA Knows
Member Is Offline

Mood: Tiocfaidh ar la

[*] posted on 1-12-2019 at 05:24 PM
It's Just One of Those Things


Someone likely found a few old peso notes (I still have some 1K bills) and decided to pass them on to the unsuspecting tourist. Given that they've been out of circulation for 23 years now and all but an insignificant few would have been turned in while they still had some value, one wouldn't expect it to be a recurring event.

Here's another link:

https://en.wikipedia.org/wiki/Mexican_peso
View user's profile
TMW
Select Nomad
*******




Posts: 9791
Registered: 9-1-2003
Location: Bakersfield, CA
Member Is Offline


[*] posted on 1-12-2019 at 07:35 PM


I didn't know there were 1,5 and 10 peso paper money. As far as I can recall they were always coins.
View user's profile
defrag4
Nomad
**




Posts: 257
Registered: 2-5-2011
Member Is Offline


[*] posted on 1-12-2019 at 11:29 PM


bank error in your favor, collect $92, proceed directly to taco stand



Driving the PanAmerican Highway
https://www.facebook.com/homeonthehighway/
View user's profile
Bubba
Senior Nomad
***




Posts: 903
Registered: 2-17-2009
Location: Pismo Beach, Ca.
Member Is Offline


[*] posted on 1-13-2019 at 04:37 AM


Quote: Originally posted by defrag4  
bank error in your favor, collect $92, proceed directly to taco stand


Winner!




Making America Great Again
View user's profile
pacificobob
Senior Nomad
***




Posts: 742
Registered: 4-23-2006
Member Is Offline


[*] posted on 1-13-2019 at 07:24 AM


in many developing countries especially ones with a lot of worn/tattered notes in circulation, it is a common practice to pass out the undesired notes as change to travelers/outsiders.
View user's profile
Santiago
Elite Nomad
******




Posts: 3220
Registered: 8-27-2003
Member Is Offline


[*] posted on 1-13-2019 at 07:34 AM


OkieGumbo:
In my view you have made a few critical errors:
1. You bank with Wells Fargo. 'nuf said.
2. The fees you give said bank for buying and then selling back unused pesos are outrageously high.
3. You ended a vacation with unused pesos. You're either driving very carefully or not having enough fun. Save unused pesos for next entry into Baja so youse can get that first taco and pay your Visa fee before getting to bank. There are safe and mostly reliable ATMs at major migration points anymore.


All of this can be avoided by stopping at the first bank-owned ATM and get the max amount of pesos, normally around $5-7k. Stop at the next one and do likewise (may need to be the next day if you have a daily limit on your card). Now you have enough cash for two people to have a pretty nice week's vacation.
By the way, I've eaten a lot of gumbo, what's "Okie Gumbo"?
View user's profile
chippy
Super Nomad
****




Posts: 1086
Registered: 2-2-2010
Member Is Offline


[*] posted on 1-13-2019 at 07:53 AM


Was it the changing of the 500 peso notes to the new blue ones with whales on it?

https://www.google.com/search?q=new+500+peso+bill+mexico&...



[Edited on 1-13-2019 by chippy]
View user's profile
BajaMama
Senior Nomad
***




Posts: 576
Registered: 10-4-2015
Location: Pleasanton/Punta Chivato
Member Is Offline

Mood: Got Baja fever!!

[*] posted on 1-13-2019 at 08:47 AM


You are trying to pass on your bad of erroneously accepting old pesos to your bank. YOU should have known they were old. A bank teller who has never been to Mexico would have no idea. I say shame on you for not taking personal responsibility.
View user's profile
JoeJustJoe
Platinum Nomad
********




Posts: 20820
Registered: 9-9-2010
Location: Occupied Aztlan
Member Is Offline

Mood: Mad as hell

[*] posted on 1-13-2019 at 08:56 AM


It sounds like a scam, but if it actually was Well Fargo, and you gave them bad pesos.

You should go down and run to Wells Fargo, and made good on those bad pesos because if you don't.

You could see Wells Fargo, employees, opening up accounts in your name, that will charge you high fees. Maybe, they will open an auto policy in your name, and take more money from you like they did to thousands of customers.

However, if you want to fight Wells Fargo, you should write Senator, Elizabeth Warren, who once had Well Fargo's, CEO on the hot seat, and she just destroyed him. A few weeks later he resigned.







View user's profile
 Pages:  1  

  Go To Top

 






All Content Copyright � 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group�






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

"People don't care how much you know, until they know how much you care." - Ivan R. Misner, Ph.D

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262