BajaNomad

I have a wells fargo acct. What is the sister bank in Baja

Keri - 2-22-2011 at 05:35 PM

bajamigo - 2-22-2011 at 05:56 PM

Bancomer

bajalou - 2-22-2011 at 06:03 PM

Quote:
Originally posted by bajamigo
Bancomer


???????????????

WF still charges $5 for each ATM use for withdrawals made at BBVC/Bancomer.

monoloco - 2-22-2011 at 06:28 PM

If you have a Wells Fargo Portfolio Management Account you get 4 free ATM withdrawals a month.

woody with a view - 2-22-2011 at 07:26 PM

ever since they were bailed out they stopped reversing my atm charges.

i don't have 25k in my account to qualify for pma.

Gaucho - 2-22-2011 at 08:24 PM

I know if you have a mortgage w/ Wells and at least 25k in equity you qualify for a PMA.

bajaponderosa - 2-22-2011 at 08:34 PM

Wells Fargo has a International service with Bacomer and Banamax were they will transfer funds to either bank for pick up at the counter. But you must set it up with Wells Fargo first and I think the fee is $2.00. I haven't used it yet but if there in a emergency while I am in San Felipe I will use there service.
I also hate paying the ATM fees.

bajalou - 2-22-2011 at 08:38 PM

Quote:
Originally posted by bajaponderosa
Wells Fargo has a International service with Bacomer and Banamax were they will transfer funds to either bank for pick up at the counter. But you must set it up with Wells Fargo first and I think the fee is $2.00. I haven't used it yet but if there in a emergency while I am in San Felipe I will use there service.
I also hate paying the ATM fees.


I was setting it up and the fee is $6 for a transfer up to $2500 per day. It is called Express Send. You can check it out online.
Or cal 800-556-0605, their Global Remittance Center.

prt328 - 2-22-2011 at 08:46 PM

Stay AWAY from Express Send. The $6 is reasonable but the exchange rate will kill you. It averages 10% lower than the published rate so transferring $2500 today will net you about 25000 pesos...it really sucks. Best bet is to open a free USD account at Bancomer via personal check and wait a few weeks; then the exchange rate is closer to published rates....

Bob H - 2-22-2011 at 09:51 PM

MORE on Express Send.... not very happy campers here.

http://www.cholosaurus.com/personal/wells-fargo-i-hate-you-s...

jadams - 2-23-2011 at 09:27 AM

I use my Well Fargo card in San Felipe at Bancomer,BUT you need to call them before you go to Baja or it will not work number is on back of card and tell WF what dates you will be in Baja

CaboMagic - 2-23-2011 at 09:38 AM

I'll chime in .. Hi Keri - hope you and Mike are well ..

WF and Bancomer are sister banks. WF is the worst when it comes to giving a rats tail about customer care/customer service.

As said, unless you maintain particular acct types AND balances you will be charged both ATM and in-bank fees. And no reversing ...

Express Send as also mentioned is dlls to pesos only and they charge hefty commissions.

If you must be able to withdraw dlls, you need Bancomer but you must have a dllr accout with them.

Parenthetic comment: Everything may be differnt in your area!!

Keri to not get taken for using ATM go with BofA and Santander. But you can only access funds then in pesos .. at least tho BofA does not charge you to open or maintain an acct w/them = and no charge to use ATM at Santander.

Another parenthetic comment - there may be restrictions to how much you can withdraw in a 24hr period .. so check that if thats part of your needs.

As always, hope this helps ...

Baja&Back - 2-23-2011 at 10:00 AM

Further to Cabo Magic comments, 6000 Pesos per day max withdrawal. On some ATMs, you have to key in "Other Amount" to get 6K.

durrelllrobert - 2-23-2011 at 10:30 AM

just got 400P from Bancomer atm (because that's the most it let me get out) and they charged 27.75P fee plus the $5 that WF charged. just the same the total transaction fee deducted from my account was $340.26 for the 4027.75 P they reimbursed to Bancomer = 11.84P/$ exchange rate which isn't bad.

Anybody using Fidelity checking accounts via ATM in Mexico?

mtgoat666 - 2-23-2011 at 10:55 AM

investment houses like Fidelity and Schwab offer free ATM use worldwide (they reimburse 3rd party bank ATM fees).

Thinking about using this abroad. Do you know if exchange rates at foreign ATMs are good with Fidelity? I am wondering in general if banks differ significantly in exchange rates when using ATMs in Mexico (or other countries) for withdrawls from US accounts.

Ditch your brick/mortar banks -- the fees suck. Get an online bank account or similar account thru investment broker.

woody with a view - 2-23-2011 at 07:30 PM

Quote:
Originally posted by jadams
I use my Well Fargo card in San Felipe at Bancomer,BUT you need to call them before you go to Baja or it will not work number is on back of card and tell WF what dates you will be in Baja


WRONG! my card has NEVER been refused at an atm in baja.

if it did, and i had to call (while "roaming" on a cell phone) to access my money i would never use WF again. literally, scores of withdrawls in baja and never an issue.

mojo_norte - 2-23-2011 at 07:36 PM

Quote:
Originally posted by woody with a view
Quote:
Originally posted by jadams
I use my Well Fargo card in San Felipe at Bancomer,BUT you need to call them before you go to Baja or it will not work number is on back of card and tell WF what dates you will be in Baja


WRONG! my card has NEVER been refused at an atm in baja.

if it did, and i had to call (while "roaming" on a cell phone) to access my money i would never use WF again. literally, scores of withdrawls in baja and never an issue.


Last year my WF card worked in Ensenada and then didn't work south - San Quintin and GN - I inquired in Bancomer in GN and they had no explanation.

CortezBlue - 2-24-2011 at 02:54 PM

Quote:
Originally posted by bajamigo
Bancomer


Bancomer is BBVA which is Compass bank in the USA, not sure who Wells partners with. I have been with wells since 1982 and I have asked a few times, but the last time, a few years ago, there was no affiliation.

kaybaj - 3-5-2011 at 07:19 AM

I used to be able to get 10,000 pesos out of atm's with a u.s. card. $5. fee. Now they won't let me take out over 5,000 at a time, so have to pay $10. now. What happened?

woody with a view - 3-5-2011 at 07:21 AM

they were bailed out. regulators are making them earn their money the old fashioned way..... still, atm's are the best thing going when you are away from home!

Marc - 3-5-2011 at 07:50 PM

Quote:
Originally posted by mtgoat666
investment houses like Fidelity and Schwab offer free ATM use worldwide (they reimburse 3rd party bank ATM fees).

Thinking about using this abroad. Do you know if exchange rates at foreign ATMs are good with Fidelity? I am wondering in general if banks differ significantly in exchange rates when using ATMs in Mexico (or other countries) for withdrawls from US accounts.

Ditch your brick/mortar banks -- the fees suck. Get an online bank account or similar account thru investment broker.


That's good to know. I have a s#*t pot of money in Fidelity!

jadams - 3-5-2011 at 07:53 PM

Last year in Mexicali my WF atm card was refused in Home Depot and I called and was told due to the high amount of credit card fraud in that area that I showd call and let the bank know I was in baja so that would not happen again. I call now every time I go and have not had any problems