bajajudy
Elite Nomad
Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
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HSBC not accepting dollars in San Jose
Dont know if it is a country wide policy but HSBC will not accept dollars in cash for deposit nor change.
Since this is an international bank, it makes me wonder why? Do they know something that the rest of us dont?!?!?!?!?
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Hook
Elite Nomad
Posts: 9011
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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I know..................
..........well, you know.
I just keep hearing more and more bad reasons to deal with HSBC, especially trusts over here.
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doradodan
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Location: San Felipe
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hsbc in rosarito wont accept atm cards from us banks, san felipe yes.
\"The time spent off the water, I\'m thinking of ways to get back in\"
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bajalou
Ultra Nomad
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Location: South of the broder
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hsbc in San Felipe?
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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longlegsinlapaz
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Registered: 11-18-2005
Location: La Paz
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Very interesting since annual fideicomiso fees are quoted & receipted in USD. HSBC in La Paz has been "testy" when I've paid in pesos.
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oxxo
Banned
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I paid 2 different fideicomisos at HSBC in San Lucas not more than three months ago. They were more than happy to accept pesos and even quoted a 10
to 1 rate. So by paying pesos I saved about 20% over paying in dollars. I paid late and they even waved the penalties. Quien sabe 
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bajabound2005
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article in yesterday's El Vigia (Ensenada) that prices in Mexico quoted in dollars are illegal -- including leases, etc. Story was about several
families having to move from their homes because their leases were quoted in dollars and with current exchange rate, they could no longer afford the
rent. Also cited several cases of stores having to close and move for the same reason. A seperate story was about how restaurant prices have
increased dramatically for the same reason, but on food/supply costs rather than rent. The article said some wholesale stores won't even put prices
out any more, you have to ask (this is interesting because we noticed one of the restaurant supply stores in town (PROSAN) has some items marked in
dollars and others in pesos....)
So, although pricing in dollars is illegal because the peso is the country's currency, all of this needs to go the supreme court....so that issue
should be resolved....well, maybe in my lifetime!
Friends don't let friends drink white zinfandel.
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Bob and Susan
Elite Nomad
Posts: 8813
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at the border yesterday the bank took dollars for import fees...
13.55 to one
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BajaRob
Senior Nomad
Posts: 722
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Location: Bahia Santa Maria y Newport Or
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Lou
The ATM @ AM/PM is HSBC.
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bajalou
Ultra Nomad
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Thanks Rob.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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capn.sharky
Senior Nomad
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Registered: 9-4-2003
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So whats the problem. How many banks in the U.S. will accept pesos. I am happy to be able to use my ATM card in all the banks in Loreto.
If there is no fishing in heaven, I am not going
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capitolkat
Senior Nomad
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Registered: 3-9-2006
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We tried to pay our Fideo fees at Scotia Bank in La Paz in November. As in 2007 we took dollars as the fee is quoted in dollars but the bank would not
take dollars- explaining there was a charge for conversion of the dollars to pesos and back to dollars at the central branch in Mexico city. We could
however go to our bank- Banamex, buy a cashier's check for the conversion rate pesos from dollars and then pay the fee. We chose to come home and send
a personal check to the Tiajuana branch that handles the Fideo and who will deposit the check in Chula Vista and no additional costs. Norm
Life is too short to drink bad wine
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bajajudy
Elite Nomad
Posts: 6886
Registered: 10-4-2004
Location: San Jose del Cabo,BCS
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| Quote: | Originally posted by capn.sharky
So whats the problem. How many banks in the U.S. will accept pesos. I am happy to be able to use my ATM card in all the banks in Loreto.
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Capt
The problem is that we have a dollar account, many of our book customers pay us in dollars, all of our publishers want to be paid in dollars and we
are shut our of these transactions.
We have since heard the HSBC is in trouble world wide.
So anyone in San Jose have good relationships with other banks?
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BajaGringo
Ultra Nomad
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Mexico is attempting to reduce the demand for dollars and ultimately effect the exchange rate. As I understand it now, even if you have dollar
accounts, any withdrawls made wil be given to you in pesos at the current exchange rate. At least that was how Bancomer explained it to me last
Friday...
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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Used to be
| Quote: | Originally posted by bajabound2005
article in yesterday's El Vigia (Ensenada) that prices in Mexico quoted in dollars are illegal -- including leases, etc. |
Not anymore. However, it is illegal to refuse payment in pesos.
| Quote: |
The article said some wholesale stores won't even put prices out any more, you have to ask |
This is illegal. Prices must be posted. Rarely enforced.
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