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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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La Paz Santander Bank charging for B of A debit card withdrawals
Santander bank in La Paz has charged me over 31 pesos to get a balance or to withdraw pesos from my B of A chkg acct at Santander ATMs.
ANYU BODY ELSE HAVE THIS NEW PROBLEM?
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cabobaja
Nomad
Posts: 363
Registered: 9-19-2006
Location: South \"O\", Elias Calles, BCS
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Mood: Smiling
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I have withdrawn $$ from Santander in La Paz and Cabo over the last 3
months and their has been no fees. When I withdraw funds from other
banks there is a $5.00 and a $2.85 ($7.85) fee. I live in Elias Calles. So,
La Paz and Cabo are a drive. Todos Santos is easy..but pay the fee.
Sucks to pay to get your own money.
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cabobaja
Nomad
Posts: 363
Registered: 9-19-2006
Location: South \"O\", Elias Calles, BCS
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MitchMan...sorry, I do use a BofA ATM card.
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J.P.
Super Nomad
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Registered: 7-8-2010
Location: Punta Banda
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There's nothing aginst the law about burying it in your back yard.
Seriously I always withdraw the max. daily amount It helps soften the blow.
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maspacifico
Nomad
Posts: 317
Registered: 4-22-2008
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You haven't been giving the "job creators" enough love! They want everything.
Open a Bancomer dollar account. They give you a debit card to take your money out in pesos from their ATM's with no fee. Deposit a check from your US
bank, takes a week or so to clear. I think you have to have a $100 balance. Four years no problems.
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
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Mood: If I was feeling any better, I'd be twins!
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| Quote: | Originally posted by MitchMan
Santander bank in La Paz has charged me over 31 pesos to get a balance or to withdraw pesos from my B of A chkg acct at Santander ATMs.
ANYU BODY ELSE HAVE THIS NEW PROBLEM? |
Mitch, we use BofA debit card to withdraw pesos from Santander ATM in Los Cabos on a weekly basis. No charge, even last week. BofA told us that they
will reimburse us if Santander ever charges us.
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Marinero
Nomad
Posts: 419
Registered: 11-4-2003
Location: Los Barriles, BCS
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Bank of America has sold its interest in Santander Bank. Therefor, no more "partnership" transactions.
Si estás buscando la person que cambiará su vida, échale una mirada en el espejo.
Fish logo from www.usafishing.com, used w/permission.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have..... |
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cabobaja
Nomad
Posts: 363
Registered: 9-19-2006
Location: South \"O\", Elias Calles, BCS
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Mood: Smiling
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Marinero..............Oh Sh*&. I'm doomed! When did this happen??
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comitan
Ultra Nomad
Posts: 4177
Registered: 3-27-2004
Location: La Paz
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Mood: mellow
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Marinero
Hope you have a source for this info.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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cabobaja
Nomad
Posts: 363
Registered: 9-19-2006
Location: South \"O\", Elias Calles, BCS
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Mood: Smiling
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I'll be going to Cabo soon to get $$ from Santander. I'll report back. If I'm
charged a fee I'll let you know and will ^%%$#@^!!
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AndyP
Nomad
Posts: 116
Registered: 12-8-2009
Location: Eugene, OR
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BofA and most other big banks are terrible for international use! All travelers/expats should get a Charles Schwabb checking account. They don't
charge any fees, and will refund any fees charged by the ATM owners. When I'm traveling I always get $10-$40 a month in ATM fees refunded to me.
Seriously it's worth it.
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2004avalon
Newbie
Posts: 3
Registered: 8-15-2012
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I have been charged 25.32 pesos to use my BofA at Santander in Ensenada but no charge on a business card
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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I have a Mexican ATM card for Scotia bank and when I used it at a Scotia bank in Canada last month I had to pay a $5 fee to use it. Scotia is a
Canadian outfit so go figure.
Bob Durrell
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dtbushpilot
Ultra Nomad
Posts: 3294
Registered: 1-11-2007
Location: Buena Vista BCS
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Ok, just to be sure I understand: you have money in a bank in one country and you want to get cash from an atm machine in a different country at a
different bank and maybe in a different currency than your original account and they want to charge you a small fee to do it and you are
offended.......really?
"Life is tough".....It's even tougher if you're stupid.....
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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I normally go to the Visa website to see the MXN/USD exchange rate. Consistantly in the past, the actual exchange rate for a same day Santander Bank
ATM withdrawal of pesos using my BofA debit card against my BofA checking acct is within 8 to 15 centavos less than the Visa website MXN/USD exchange
rate. On Aug 8th the Visa rate was 13.1849.
When at the Santander ATM on Aug 8, I noticed that the ATM page that mentions the possibility of Santander charging a transaction fee, that page now
disclosed that Santander is now charging me a $31.32 MXN fee for the transaction. Always, in the past, the fee was listed at $0.00 MXN, and, always
in the past, there would be no charge for an atm withdrawal. I went forward and withdrew $4,000 pesos and, sure enough, I was charged $31.32 and the
withdrawal receipt showed both the $4,000 and the $31.32 fee charge. Also, the receipt did not show the ending balance of my checking account (in
pesos) whereas in the past, the receipt always did show that balance.
I looked up my BofA checking account balance on the internet and their appeared a single debit to my account in the amount of $308.32 USD which
correlated to the Santander Bank ATM withdrawal. That $308.32 debit amount reflects and overall exchange rate of $12.973534 using
only the $4,000 withdrawal amount. If I use $4,031.32 MXN, I get an exchange rate of $13.07512, which is more inline with past
history of the actual exchange rate being within 8 to 15 centavos of the Visa website MXN/USD exchange rate.
What this all means is that my USA BofA checking account was in fact charged that transaction fee of $31.32 MXN.
I talked to Santander Bank personnel at length and they openly acknowledge that BofA and Santander still have that same arrangement wherein there is
no transaction fee for ATM withdrawals. Recent discussions with BofA reveal the same and no one knows anything thing about Santerder's actually
charging a transaction fee.
I showed the Santander people my receipt that expressly states the $31.32 MXN transaction fee and all I get is the classic blank stare of indifference
and the rediculous reiteration of "there is no transaction fee charged" inspite of their looking at the receipt.
BTW, the $31.32 MXN fee on a $4,000 MXN withdrawal equates to 275%annual finance charge! Just a little tidbit for those of you who believe the fee
is a pittance.
[Edited on 8-17-2012 by MitchMan]
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Marinero
Nomad
Posts: 419
Registered: 11-4-2003
Location: Los Barriles, BCS
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not sure it has closed, I will pull out source
Si estás buscando la person que cambiará su vida, échale una mirada en el espejo.
Fish logo from www.usafishing.com, used w/permission.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have..... |
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Marinero
Nomad
Posts: 419
Registered: 11-4-2003
Location: Los Barriles, BCS
Member Is Offline
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Well, Nomads, I apologize for trusting my memory. I cannot find what I was sure I saw, that BoA was selling its interest in Santander Bank. Found a
lot about the bank itself.
If I find anything else, I will post it and the reference. again, sorry
Si estás buscando la person que cambiará su vida, échale una mirada en el espejo.
Fish logo from www.usafishing.com, used w/permission.
But Oz never did give nothing to the Tin Man
That he didn't, didn't already have..... |
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bigmike
Nomad
Posts: 175
Registered: 9-8-2007
Location: Punta Banda
Member Is Offline
Mood: Loving Life
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Santander Bank
I used my Bank of America to withdraw pesos yesterday and the fee shown on the screen was .00 pesos and the rate of exchange I got was 13.1,
so I don't understand why some people are being charged, I also went on Bank of America's site and it shows No Fee to use Santander in Mexico.
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Lee
Ultra Nomad
Posts: 3597
Registered: 10-2-2006
Location: High in the Colorado Rockies
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| Quote: | Originally posted by bigmike
..... so I don't understand why some people are being charged, I also went on Bank of America's site and it shows No Fee to use Santander in Mexico.
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Bad juju. It happens. Count your lucky stars.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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Is this what you saw?
Santander says it pays 2.5 bln dollars for Mexican assetJune 9, 2010 | AGENCIES
MADRID: Spain's biggest bank, Santander, said on Wednesday it will pay 2.5 billion dollars in cash for the 24.9-per cent stake in its Mexican
branch, Santander Mexico, owned by Bank of America. The deal will lift the bank's stake in the Mexican group to 99.9 per cent and it
highlights the growing importance of Santander's international operations as the domestic market Spain faces a lengthy period of sluggish growth.
Mexico is one of the bank's key..._________________________________________
OR THIS?
http://dealbook.nytimes.com/2011/10/21/santander-to-sell-sta...
Bob Durrell
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