55steve
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Registered: 4-24-2006
Location: Warner Springs, CA
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So I get my pesos yesterday
Went to Costco in Chula Vista - handed the teller my $$ and she asks for 2 photo ID's - no problem as I just added my passport card to my wallet. She
sits in front of her computer for several minutes and tells me all is good & counts out my pesos. She tells me that any transaction over $500 us
now requires 2 photo ID's. This is something new apparently.
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SFandH
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Perhaps all the checking is due to people laundering drug money.
I wonder what databases she was accessing and what database she stored your transaction in and who has access to it, besides trustworthy Costco
employees.
You're now a "person of interest". 
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55steve
Senior Nomad
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She said I was now "in the system" and next time only one ID was needed.....weird.
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SFandH
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Ah yes, "the system". How nice.
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Howard
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Mood: I'd rather regret the things I've done than regret the things I haven't done.
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What was your net exchange rate?
We don't stop playing because we grow old;
we grow old because we stop playing
George Bernard Shaw
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55steve
Senior Nomad
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17.419
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DENNIS
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OUCH.....doesn't sound right. I think the ATMs will treat you a lot better than that.
Anyway...if there's a system, it's just theirs.
"YOU CAN'T LITTER ALUMINUM"
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sancho
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There is a site out of Enenada that quotes rates for their 2 Casas
in Ensenada. It changes on a daily basis as needed, they quote
todays rate to buy dlls at 17.80. Always read that Costco had
better rates. Remember reading cartels ran the Cambios, to clean $ ,whether in Mex or the US, don't know
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mtgoat666
Select Nomad
Posts: 18118
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Mood: Hot n spicy
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Quote: Originally posted by lencho  | | Quote: Originally posted by 55steve | | Went to Costco in Chula Vista - handed the teller my $$ and she asks for 2 photo ID's - no problem as I just added my passport card to my wallet.
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I'm confused: you had to present identification to exchange cash for cash? I must not have understood something here... |
Most all of the cambios ask for ID when xchanging above a certain amount.
It's to prevent money laundering, tax cheating, etc
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SFandH
Elite Nomad
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| Quote: Originally posted by lencho | | Quote: Originally posted by 55steve | | Went to Costco in Chula Vista - handed the teller my $$ and she asks for 2 photo ID's - no problem as I just added my passport card to my wallet.
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I'm confused: you had to present identification to exchange cash for cash? I must not have understood something here... |
I'm sure George Orwell would understand.
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Hook
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Boy, both options mentioned sound like pretty bad exchange rates over the last couple days. The internet rates on July 7th varied between 18.6-18.9.
Most any decent ATM rate would have been 18.3-18.6, figuring in all related fees (your institution, the ATM itself, etc.).
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BajaMama
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Any bank is going to charge a little over the exchange rate - they don't sell pesos for free. B of A has been consistently between 17.5 and 18 over
the past couple of weeks. I bought last part of June for 18:1.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
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The exchange rate will tend to favor the bank more on Friday, especially in a volatile money market such as we're in. Its a gamble for the bank to
guess what will be happening in the world come Monday, so they put in a cushion.
"YOU CAN'T LITTER ALUMINUM"
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