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Author: Subject: Bancomer/BBVA in Mulege charging very high ATM fee
HeyMulegeScott
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[*] posted on 4-16-2021 at 07:05 PM


Quote: Originally posted by elfbrewery  
I look at
https://www.eldolar.info/en/mexico/dia/hoy
BUT, don't take the rates as reality. The Bancomer in Mulege offered $18.18 MXN/USD today in the bank, even though the eldolar site says the buy/sell rate at BBVA Bancomer is 19.28 / 20.19 . One never really knows.


That is not a good rate. With ATM or Xoom we usually get close to the exchange rate and get a refund on the fees if we use the ATM.




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elfbrewery
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[*] posted on 4-17-2021 at 12:00 PM


I would assume one needs to have an account in Mexico to use Xoom. That means one must also have residency status. Correct??
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Grenadiers
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[*] posted on 4-17-2021 at 02:25 PM


We set up an account at the bank in Mulege, since we have our temporary resident visas (free healthcare!), and besides the time it took, and it helps if you have a Mexican cell phone for a code they send to set it up, there is no fee to withdraw. You get a debit card the same day as well. Can transfer $1000 US at a time. And we use TransferWise direct from our bank and transfers almost instantly. We set up a secondary travel account at our bank for security. About 10 bucks a transfer.
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elfbrewery
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[*] posted on 4-17-2021 at 02:29 PM


Great info. Thanks!
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Grenadiers
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[*] posted on 4-17-2021 at 02:50 PM


We set up an account at the bank in Mulege, since we have our temporary resident visas (free healthcare!), and besides the time it took, and it helps if you have a Mexican cell phone for a code they send to set it up, there is no fee to withdraw. You get a debit card the same day as well. Can transfer $1000 US at a time. And we use TransferWise direct from our bank and transfers almost instantly. We set up a secondary travel account at our bank for security. About 10 bucks a transfer.
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HeyMulegeScott
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[*] posted on 4-17-2021 at 05:38 PM


Quote: Originally posted by elfbrewery  
I would assume one needs to have an account in Mexico to use Xoom. That means one must also have residency status. Correct??


No Xoom is a Paypal company. If you have a Paypal account it's really easy to send money to any person in Mexico from your account even if that's just someone down here on vacation.




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