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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
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Mood: Everchangin'
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i asked at wells fargo and they said they aren't affiliated with mexican banks as far as waiving fees for atms?????
maybe i just got a new employee or something...but i don't seemed to get charged conversion fees, atm out of network fees, yes.
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capitolkat
Senior Nomad
Posts: 510
Registered: 3-9-2006
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Citibank and Banamex are partnered but you still get charged a fee for using the Banamex ATM for withdrawals. This is new this year but I fear with
the financial institutions meltdown any fees that previoulsy were waived will soon be charged. Cititbanks charge is 3% for the Banamex option- we are
gold account and it's reduced to 1%. Norm
Life is too short to drink bad wine
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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Banamex has opened offices in the US - Calexico for one, so maybe you should change to them if you want to avoid fees.
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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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
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Cash or ATM's?
Both.
As Shari mentioned don't rely exclusively on ATM's, when you may really need one it may not be working.
Carry a money belt or something similar. I make sure that as well as $2000 pesos it has a copy of my FMT, Drivers Lic, Passport and (2) credit cards.
Yes it will hold all of those.
I don't find it necessary to carry dollars although you can they are accepted everywhere.
Have a great time.
Ken
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805gregg
Super Nomad
Posts: 1344
Registered: 5-21-2006
Location: Ojai, Ca
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I stop at Costco Chula Vista and exchange dollars for pesos, when I run low I go to a bank and exchange more. I won't use ATM's, I have heard of your
account info being stolen and you won't know till you get back. I use credit cards at large established hotels and pesos elsewhere.
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roamingthroughbaja
Nomad
Posts: 143
Registered: 11-16-2007
Location: La Paz, BCS
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I have lived here for five years and the only problem I have ever had with an ATM wa at the HSBC machine in front of CCC in La Paz. It didn't give me
all of the $ I asked for but charged my account for it. Happened to our friends at that same machine, too. Since then, my "rule" is to never use the
machines in small stores or pay for purchases with my debit card. I use the machines in the banks where the likelihood of tampering is very small.
One problem in five years is pretty good.
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Cabomancation
Newbie
Posts: 2
Registered: 8-20-2008
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Would anyone know where an ATM that is affiliated with Bank of America can be found in Cabo San Lucas? I would like to try to avoid the bank fees if
possible. Thanks in advance.
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CaboRon
Ultra Nomad
Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
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Mood: Peacefull
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| Quote: | Originally posted by JaraHurd
ok..great info...so one last question..is there a problem with a PIN longer than 4 characters or digits??? |
You will find many banks in Europe and Asia that only have a field that accepts 4 - digit PIN numbers .....
So far, I have found this to be true in most of Latin America also.....
Save yourself some trouble and change your accounts to four digit PINs.
And while many places will gladly accept your American dollars, their smile is because you are paying 10% to 20% extra for the accommodation.
CaboRon
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thebajarunner
Ultra Nomad
Posts: 3718
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
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Mood: muy amable
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Ron is correct,
the dollars are well received, but not fairly well exchanged....
Also, I always remind the first time ATM user,
when it asks how much you want, it means pesos, not dollars.
and there is likely a once a day limit on withdrawals,
So, if you need about $100 (US) worth of pesos, and ask for $100, you have just 100 pesos, enough to buy a small lunch for two...about $10 US
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Udo
Elite Nomad
Posts: 6346
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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One topic not covered
The ATM's are in Spanish, so brush up on their lingo. I've stood in line numerous times behind an idiot who could not read Spanish, and looked
bumbfounded. I can tell by their indecision, therefore I have always helped. And in all instances, they have accepted.
Another place to find ATM's are at OXXO's, and there are lots of them. Just shiels your pin!
Udo
Youth is wasted on the young!
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CaboRon
Ultra Nomad
Posts: 3401
Registered: 3-24-2007
Location: The Valley of the Moon
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Mood: Peacefull
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Udo,
The first time I encountered an ATM that was out of cash, I couldn't read the message and was making frantic calls to my bank to find out what
happened....
In a cash society, you will find the machines are out of cash quite often.
When I lived in the US I recall having to go through the extra step of choosing English or Spanish on the ATM menu ....
The courtesy would be appreciated down here.
Just a thought.
CaboRon
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Udo
Elite Nomad
Posts: 6346
Registered: 4-26-2008
Location: Black Hills, SD/Ensenada/San Felipe
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Mood: TEQUILA!
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My wife loves Mexico as much as I do, and the first time she approached an ATM she wanted to do it herself, without my help.
She wanted $100.00 U.S. What she got was $100.00 Pesos. She turned around and asked..."how much is this???"
Since that time she has me do the work for her!
Udo
Youth is wasted on the young!
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by Cabomancation
Would anyone know where an ATM that is affiliated with Bank of America can be found in Cabo San Lucas? I would like to try to avoid the bank fees if
possible. Thanks in advance.
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Just use the ATM at any Santander Bank branch. There is one branch in San Lucas and two branches in San Jose. They also have several stand alone
ATM's throughout the area. We are full time residents and we get all our cash (pesos) from Santander with a BofA card. Zero transaction fees. The
San Lucas branch is located here: http://wikimapia.org/#lat=22.8830649&lon=-109.9144793&am...
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losfrailes
Senior Nomad
Posts: 577
Registered: 11-16-2004
Location: Ejido San Lucas near Santa Rosalia
Member Is Offline
Mood: Good!
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My PIN is 8 characters long, Wells Fargo Acct, pesos at current exchange rate, fee of 3 bucks to get 500 dollars exchanged.
Do contact your bank and make sure your withdrawal limit amount is not too low.
About the only time you will find long, long lines at an ATM is payday or the day after here. That is usually the 1st and 15th in my experience.
Sometimes on Mondays the ATM's run out of money and you have to wait until the bank fills it up again, but, normally they have plenty available.
This is not a worrisome thing, you will find banks all up and down Mex 1, and all of them will accept your card. I do not know which banks do not
charge a fee.
Have a good trip.
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