BajaNomad - New ATM fees????

New ATM fees????

bajagrouper - 5-7-2010 at 07:46 PM

I see reports on another board ( expat),that folks are saying new fees ( IVA) are being tacked onto ATM withdrawals and some banks are not accepting foreign bank cards,anyone heard of this new policy?

DianaT - 5-7-2010 at 07:52 PM

Quote:

Originally posted by bajagrouper
I see reports on another board ( expat),that folks are saying new fees ( IVA) are being tacked onto ATM withdrawals and some banks are not accepting foreign bank cards,anyone heard of this new policy?

Gees, I hope that is not correct information, especially the part about not accepting foreign bank cards!

YARDSAIL - 5-7-2010 at 07:55 PM

I went to Banamex today and used their ATM, I was charged 25 pesos for a" comision/ fee" and 4 pesos for IVA, this is in addition to the 7.5 peso charge that you have to accept to use the machine...... I talked to a CPA today and he said they are all going to do it......The only recourse we have is to get as many pesos as possible so you don't need to use it as often....

k-rico - 5-7-2010 at 08:06 PM

I used my B of A card at a Santander bank today and noticed a new screen explaining I was being charged 0.00 for the withdrawal, which is what it always has been. But the screen was new to the process. So something is going on.

woody with a view - 5-7-2010 at 08:15 PM

another reason to use costco.

BTW, is ChulaWana the only location that will dispense pesos?

[Edited on 5-8-2010 by woody in ob]

gnukid - 5-7-2010 at 09:15 PM

Quote:

I just did a trip from the tip to TJ and yes there are new fees where they accept ATM and yes many places do not want to accept ATM or Visa of American banks. It became quite an issue which no one had planned on though we survived, you can always find someone to take your card but you need to use higher end places as those businesses that are smaller are opting out of accepting foreign electronic debit/credit due to costs I guess.

Bring cash.

Bob and Susan - 5-8-2010 at 05:16 AM

costco is right behind the rest...taxes...

the mx banks are "looking" for more revenue just like the states

bajalou - 5-8-2010 at 06:29 AM

Telnor in San Felipe will only accept Mexican credit cards or cash. No non-Mexican credit or debit cards and no Mexican debit cards.

durrelllrobert - 5-8-2010 at 08:17 AM

Quote:

Originally posted by YARDSAIL
I went to Banamex today and used their ATM, I was charged 25 pesos for a" comision/ fee" and 4 pesos for IVA, this is in addition to the 7.5 peso charge that you have to accept to use the machine...... I talked to a CPA today and he said they are all going to do it......The only recourse we have is to get as many pesos as possible so you don't need to use it as often....

Yup, HSBC machine charged me extra 22 pesos this time and only let me withdraw 3000 pesos Vs the 5000 I used to get :fire:

Udo - 5-8-2010 at 08:26 AM

There are many Nomads, as well as other people who use their ATM withdrawls as proof of some sort of residency for their FM cards. I am sure this will affect them immensely.

shari - 5-8-2010 at 09:00 AM

good reason to get a mexican bank account....bancomer opens accounts with just an FMT. Some people link it to a paypal account and you can make deposits that way. Are these new ATM fees just for foreign bank cards or apply to local cards as well?

Bajame - 5-8-2010 at 10:51 AM

Sorry but Mx has not a lick of sense! How stupid! If they want tourist $'s they are doing everything to hobble the desire of those long timers who have done so much to help the local communities. They took away the red carpet along time ago and now create so many obstacles that many will feel insulted and not welcome there any more! :no:

Bob and Susan - 5-8-2010 at 11:51 AM

not true...sorry

the "old timers" just remember but DO NOT spend money anyway

the "new crowd" doesn't even use cash
PLASTIC....

fees are normal to them

no problems...

jak - 5-8-2010 at 12:50 PM

Quote:

El dinero habla, camina una toro m***da.

comitan - 5-8-2010 at 01:17 PM

No charges if you have a Citibank-Banamex acct. :spingrin:

Udo - 5-8-2010 at 02:21 PM

I was considering doing that anyway, Comitan...but now there is an even better reason. :tumble:

woody with a view - 5-8-2010 at 02:21 PM

12.005 to 1 at costco today.

Udo - 5-8-2010 at 02:28 PM

They are pocketing almost a whole peso in the exchange, as of Friday May 7th.

Bajahowodd - 5-8-2010 at 03:10 PM

Full timers and long timers can't realistically avail themselves of the Costco solution. I absolutely agree with the idea that additional charges are inimical to tourism. But, as one can find so many examples of abuses by big business all around the world, you can be absolutely sure that Mexican banks won't give a culo de raton about any effect extra fees might have on tourism.

irenemm - 5-8-2010 at 03:19 PM

Bajame
Mexico has been doing it's best to rid the tourist for the 30 years I have lived here.
this is the 2nd time in 30 years that they have f***** the dollar accounts.
They got rid of the hunters. the caravans, lots of the fishermen and now the rest will just stop coming for trying to turn dollars into pesos.
I used my ATM a few years ago in Costco and Home Depot in Ensenada. when I got my statement $78.00 dollars in fees have not used it since.
Not many tourist to get rid of now.
We just closed our dollar accounts here at the HSBC and my husband is Mexican. because of such a BS crap that you have to do. You can not put cash in the bank and you can only get pesos from your dollars.

oladulce - 5-8-2010 at 07:28 PM

As Comitan mentioned, I used my Citibank ATM today at the Banamex in Cd Const. and both esposo y yo withdrew pesos without a fee. The receipt does look different and now has a spot for a commission fee and IVA (both said 0 in our case).

No change in the maximum amount we could withdraw with each of our ATM cards (linked to the same accounts). Citibank allows twice the daily withdrawal limit as our BofA ATM cards do at Bof A, ScotiaBank, or Santander.

It's Saturday and the bank was closed but the posted rate in the Banamex window was 12.5 but I just checked my Citi account balance and we got an exchange rate of 12.85- holy cow!

Same-o @ B of A today

Fred-o - 5-8-2010 at 08:41 PM

I withdrew from my B of A account on the Santander ATM at Calimax in Maneadero. The rate was 12.85 and no fees.... so far. My buddy used the HSBC machine and got nailed 22 pesos or something like that.