DENNIS
Platinum Nomad
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Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by morgaine7
Starting on November 1st. BBVA BANCOMER is going to charge 2% on deposits of dollars IN CASH to your dollar or peso account.
This law is effective from July 1st, 2008.
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I wonder why they waited so long?
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Bob and Susan
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this is OLD NEWS
it been going on since this summer
cash deposits above 25,000 pesos a month are taxed
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shari
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Mood: there is no reality except the one contained within us "Herman Hesse"
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Oh man....that really stinks as many of our clients pay in dollars cash... You may be right Morgaine...we will definately be rethinking accepting
dollars or as you say...just tack on a 2% surcharge....hmmmm.
thanks for the heads up
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mulegemichael
Super Nomad
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ok, wait a minute please...i'm slow...in the original post it said something about, "once you have your pesos or dollars in your account, you can
access the atm machine"....what?....the atm machine is my lifeline to money in mexico...do i have to do something else now to get money?...whaaaa?
dyslexia is never having to say you\'re yrros.
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Woooosh
Banned
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?? CASH is CASH. No one wants hundreds. You can still wire money down or write a check as they suggest (that one I admit I did not know about).
Once the dollars are in your account, they stay dollars until you convert some to pesos- which are tracked seperately in a "peso account" and
accessible only by ATM/debit cards.
I do watch for the best peso exchange rates and our local Bancomer gave us a phone number to call for the exact current rate. If it's good- we go down
to the branch in person and transfer dollars into pesos.
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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DENNIS
Platinum Nomad
Posts: 29510
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Woooosh..... Here ya go. It'll save you the trouble of making a phone call.
http://finance.yahoo.com/currency-converter/?amt=1&from=...
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Woooosh
Banned
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How many times have you seen an on-line rate, rushed to the bank, only to be offerred significantly less? That's why I call my own bank direct and
get their guaranateed rate (for the next few hours at least). Saves wasting a trip. Your link is a good start though.
[Edited on 10-8-2009 by Woooosh]
\"The only thing necessary for the triumph of evil is for good men to do nothing\"
1961- JFK to Canadian parliament (Edmund Burke)
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cabobaja
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These quotes are Mexico City rates. You'll receive the rate if you charge on your credit card but at the bank will/could be lower. That's how the
banks make money...on the exchange.
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farrahdews
Newbie
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Registered: 11-10-2009
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| Quote: | Originally posted by mulegemichael
ok, wait a minute please...i'm slow...in the original post it said something about, "once you have your pesos or dollars in your account, you can
access the atm machine"....what?....the atm machine is my lifeline to money in mexico...do i have to do something else now to get money?...whaaaa?
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Yeah,i agree..Any other options? So i wont be charge that much everytime i withdraw my cash?
Regards,
farrahdews
Disque dur multimedia
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loretomike
Newbie
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Registered: 10-23-2009
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i met with the bancomer bank manager last week for clarification of this very issue. he stated that bancomer will charge 2% on cash deposits
exceeding $2500 u.s. dollars in a calendar month. he further stated that this charge does not apply to pesos but that it is possible that in the near
future pesos will also be charged. the peso charge is being "studied" , but he said it is coming. i am only reporting what was told to me. hope he
knows his banks' policies.
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