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Author: Subject: Bancomer cash exchange: Expensive!
vandy
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[*] posted on 11-21-2012 at 08:34 AM
Bancomer cash exchange: Expensive!


So I went to change $1000 Us to pesos.
The internet had the peso at just over 13 per dollar.
The bulletin board in the bank listed 12.7 for them to buy $.
I figured, what the heck, and stood around for 15 minutes while the girl did arcane things behind the counter.

Finally, she passed me a slip to sign, and the rate listed was 12.49!
It cost me 500 pesos to change $1000.

Anybody know of a better place between Los Barriles and Cabo to change money next time?
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Howard
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[*] posted on 11-21-2012 at 08:50 AM


I always use ATM's to get pesos.

I simply use my ATM card from my bank in the USA.

Bancomers ATM's charge a higher fee than other Mexican banks.

A couple of days ago in Loreto, with the fees, I received 13.14 pesos to the $. A week before that it was 12.95.

Why wait in lines at a bank and get lower rates?





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vandy
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[*] posted on 11-21-2012 at 10:03 AM


Thanks Howard, I know the atm is best, but I need to change CASH occasionally.
Any other places to go?
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woody with a view
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[*] posted on 11-21-2012 at 10:06 AM


open an account and deposit your $'s, take out peso with the atm card.



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Howard
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[*] posted on 11-21-2012 at 10:08 AM


Sorry, but I don't know where to go with cash other than the banks or money changer.




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DENNIS
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[*] posted on 11-21-2012 at 11:37 AM


Quote:
Originally posted by Howard
Bancomers ATM's charge a higher fee than other Mexican banks.



"Higher" is putting it mildly. They charge 66 Ps per transaction, regardless of the amount withdrawn.

I saw that on the Bancomer screen just the other day and I cancelled the transaction. Stepped over to an HSBC ATM and the fee was 22 Ps.
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