BajaNomad

ATM's

The Sculpin - 5-24-2013 at 09:39 AM

Leaving for Loreto soon - it's been awhile - a real long awhile - anyway here's a newbie question - How much cash can I get out of an ATM with my US ATM card? If my US limit is $500, can I take out 5,500 pesos (approx.) in one transaction? How many withdrawals do I get per day? A set amount, or until I reach my max? In the "old days" you had to play "trick the ATM machines" to get what you needed. I'm in town for only a day and then it's into the hills for some scouting.

Thanks!:cool:

Howard - 5-24-2013 at 10:03 AM

No tricks needed. When in Loreto I use the ATM at the bank next to the big gas station going into town. The bank on the main square charges around $7 for a w/d and the bank on the main street is around $3.

I can take out to my limit which my banks sets and just times that by 11 and you will be safe in w/d that many pesos every day. IE: If you have a $500 limit, you can w/d 5,500 pesos daily.

Be sure to call the bank that has issued your ATM card and tell them that you will be in Mexico and not to block the account because of unusual activity. Also, my bank will allow my limit to be raised when I am in Mexico.

The Yellowtail are going off the hook and the Dorado are just the other side of Carmen.

Have fun

DavidE - 5-24-2013 at 10:04 AM

I've extracted 7,000 in one shot. Some young, vibrant NOMADS, could if they wish to start a separate thread hopefully to turn into a sticky outlining where various bank ATM's are located. Cities of course will have an overwhelming number, but how about Constitucion, or Insurgentes, Colonia Guerrero, Loreto, Mulege, Maneadero Sta Rosalia? There are lots of little bank booths dotted here and there. It'd be nice to be able to download a list.

rhintransit - 5-24-2013 at 10:22 AM

live in Loreto, agree with Howard.
be sure to use the bank he mentions. the other bank on the plaza charges a much higher fee for its ATM
there are also ATMs at the Santa Fe hotel, near the Pescador market, at the Loreto Bay hotel, and at Puerto Escondido (Pedro's)
you can get whatever your limit is, just calculate based on exchange rate and punch in under 'other amount' rounding up, or down, to 100

DENNIS - 5-24-2013 at 10:25 AM

These days, you have to pay close attention to the fee that is put up on the screen during your transaction. These, according to the bank which owns that machine, will vary widely.
BANCOMER and BANORTE charge for your transaction, 70 Pesos [this is in addition to any fees your bank charges, and regardless of the amount of the transaction] when it seems others are charging mas o menos 25 Pesos. It's probably only a matter of time before all the local banks will be doing the same, but up to today, there's still the difference.


.

[Edited on 5-24-2013 by DENNIS]

tiotomasbcs - 5-24-2013 at 11:57 AM

Use Bank ATM Cajero Automaticos only! Any problems and you can go into the bank to talk with someone. Some run out of $ money on paydays or Holidays in smaller towns. Bank of America has free w/d with Santander. Bancomer and Wells Fargo, I believe. Bank ATMs in GN, Vizcaino, Mulege, & Loreto ( thanks for new info,amigos). Have fun! Tio

micah202 - 5-24-2013 at 12:04 PM

...be sure to avoid the little free-standing cash machines,,,,unless you favor a relative chance of supporting bandito's:wow:

rhintransit - 5-24-2013 at 02:03 PM

Quote:
Originally posted by rhintransit
live in Loreto, agree with Howard.
be sure to use the bank he mentions. the other bank on the plaza charges a much higher fee for its ATM
there are also ATMs at the Santa Fe hotel, near the Pescador market, at the Loreto Bay hotel, and at Puerto Escondido (Pedro's)
you can get whatever your limit is, just calculate based on exchange rate and punch in under 'other amount' rounding up, or down, to 100


oops. am slightly out of date, no ATM at Pescador any more

durrelllrobert - 5-24-2013 at 03:30 PM

Quote:
Originally posted by The Sculpin
Leaving for Loreto soon - it's been awhile - a real long awhile - anyway here's a newbie question - How much cash can I get out of an ATM with my US ATM card? If my US limit is $500, can I take out 5,500 pesos (approx.) in one transaction? How many withdrawals do I get per day? A set amount, or until I reach my max? In the "old days" you had to play "trick the ATM machines" to get what you needed. I'm in town for only a day and then it's into the hills for some scouting.

Thanks!:cool:
I just got 6,000 and the US cost was $491 including the ATM charge from a HSBC ATM.

Howard - 5-24-2013 at 03:33 PM

I think the guy who cleans the car windows at Pescador can probably exchange $ :biggrin: Just kidding Sr. Sculpin.

I think he makes pretty good money and should have lots of pesos. He actually is a nice guy once you get to know him.

[Edited on 5-25-2013 by Howard]

El Jefe - 5-25-2013 at 09:03 AM

We live out of the ATM down here near San Jose del and I have found that I can usually take up to 12,000 pesos per day from my USA account. I have to take it in successive 4,000 peso withdrawals because that is some kind of limit for me with Banamex ATMs.

We bank in the states with Citibank, so no fees since they are affiliated.

DaliDali - 5-25-2013 at 09:19 AM

Quote:
Originally posted by El Jefe
We live out of the ATM down here near San Jose del and I have found that I can usually take up to 12,000 pesos per day from my USA account. I have to take it in successive 4,000 peso withdrawals because that is some kind of limit for me with Banamex ATMs.

We bank in the states with Citibank, so no fees since they are affiliated.


Must be your local branch of Banamex that has that limit.
In the Loreto branch, I can get 10000 pesos in one fell swoop using a USA bank ATM card.
However with the Banamex card, I am limited to 6000p at a time.

Weird that your not charged a "international ATM fee" when using your Citibank USA card.
I talked to Citibank on the phone and they said although they do have a "relationship" with Banamex, there is still that international ATM fee charged.

Recently I was traveling to other locations internationally and even though the bank was named Citibank, there was a 7% international ATM fee charged to me.
After some complaining that how could this be.......even after the nice lady in that bank told me...."no fees sir, as we ARE Citibank"..... they refunded this fee to me.
They (Citibank USA) went on to say, any further card use by me in an international ATM machine would be charged the 7% fee.

But on the plus side.....I can transfer funds from the USA Citibank to Banamex .......fee free. And then just use the Banamex card for cash, of course no fees doing that.

[Edited on 5-25-2013 by DaliDali]

Made it!

The Sculpin - 5-27-2013 at 07:17 AM

Got the 'burb, got the cash, getting breakfast. Thanks all for your help!