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chuckie
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Location: Kansas Prairies
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BANCOMER?
Friend of mine has a Mexican account at Bancomer...Has been xfring funds from Wells Fargo USA , to BANCOMER for years. Now when she attempts to do so,
she is informed that she may do so only ONCE monthly, and not to exceed 1000 bucks...Anyone know what thats all about????
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Russ
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They limit the amount I can deposit by check too. But never heard of a limit on wiring funds before.
I'm thinking that the girl at the desk has limited approval power. The manger in Mulege will probably be able to help with that.
[Edited on 7-2-2013 by Russ]
Bahia Concepcion where life starts...given a chance!
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RnR
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| Quote: | Originally posted by chuckie
Friend of mine has a Mexican account at Bancomer...Has been xfring funds from Wells Fargo USA , to BANCOMER for years. Now when she attempts to do so,
she is informed that she may do so only ONCE monthly, and not to exceed 1000 bucks...Anyone know what thats all about???? |
That's right!
Sounds like she has been using Wells Fargo's "Express Send Program".
Actually, Bancomer lowered the per transaction maximum amount to $1,000 and instituted a monthly maximum amount of $1,000.
Bancomer stated that the change in their policy was to be effective April 1, 2013 but the limits were not imposed until last month (June).
I received a letter from Wells Fargo in March explaining the change and offering some options.
In essence, the options are to choose another bank with higher limits. Wells Fargo's website under the "Express Send Program" has a table listing
other banks and their respective per transaction/monthly maximum limits.
https://www.wellsfargo.com/per/intl_remittance/limits
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DavidE
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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BanCondom rapidly became my bank of avoidance. Seven dollars ATM fee. Couple that with Wells Fargo's five dollar non-Wells ATM fee and a person is
staring at a twelve dollar fee.
A Lot To See And A Lot To Do
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Pescador
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I have had an account with Bancomer for a long time and in our area they are the best. Instead of using the normal wire transfer which also has
limits before the transaction is taxed, I now transfer money in Pesos, which my home bank allows me to do and I have no problem with the transfer and
do not pay any 5% tax.
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dtbushpilot
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I have always used Express Send too, got the same message. I talked to the gringo rep at the bank, she said that Bancomer changed the monthly limit
but I could deposit a US check for whatever ammount I wished, it would take 10 days or so to clear. I think I'll give it a try.
"Life is tough".....It's even tougher if you're stupid.....
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mrfatboy
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I have a Charles Schwab ATM card (ATM fees reimbursed). In the last month I have used it at hcsb, scotia, and bancomer ATMs in Mexico . As of
yesterday, bancomer is the only bank that is not cooperating with CS and the fees are not reimbursed( the priciest of the three). CS is investigating.
Schwab will win but I hate having to deal with it.
I will avoiding the bancomer in the future.
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chuckie
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In Mulege, we have one bank..wanna guess which one?
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mrfatboy
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Btw, both scotia and HSBC had about $2 in fees each for $100 ATM withdrawals. The bancomer in scn Felipe was $6 
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SFandH
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I was in Mulege, where Bancomer is the only bank, for a few months recently. The ATM withdrawal fee, according to my Bank of America statements, is 5
dollars plus a 1% international transaction fee. Expensive.
Both fees were charged by Bancomer, not B of A. At least that's what it looks like.
[Edited on 7-3-2013 by SFandH]
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chuckie
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YUP, But not as expensive as driving to Santa Rosalia or Loreto to save 4 bucks.....Sometimes, in Baja, things are what they are....
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RnR
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Here's a way to get around the Bancomer monthly transfer limits and still use Wells Fargo's Express Send program:
If you still want to use Bancomer because it is the only local bank -
1. Open an account at one of the other banks in the Express Send program. (Banorte, Santander, Scotiabank, etc.) You're going to have to travel if
Bancomer is the only show in town, but, only once to set up the account.
2. Set up the Express Send program from Wells Fargo to your new bank's account.
3. Use "on-line" banking from the new bank to transfer the money to your Bancomer account.
3. You can still get the money from Wells Fargo into your Bancomer account in under two minutes- just requires you to log on to two banking sites
rather than one.
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chuckie
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I'll pass that on...I do not have a Mexican Bank account, very happy with hitting the ATM a couple of times per month...way less complicated...I had a
Mexican bank account once.....
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Bajajorge
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Location: Topaz Lake, NV/San Felipe
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| Quote: | Originally posted by DavidE
BanCondom rapidly became my bank of avoidance. Seven dollars ATM fee. Couple that with Wells Fargo's five dollar non-Wells ATM fee and a person is
staring at a twelve dollar fee. |
I quit using Bancomer for ATM Peso withdrawals using my BofA card last year. For a 5000 Peso withdrawal the fees between BofA and Bancomer was over
$13.00.
I now use the Banamex ATM with my Credit Union Debit Card. Same 5000 Peso withdrawal costs me around $7.00 in fees total from both banks.
Why do Liberals insist and demand that achievers pay the way for nonachievers who are to lazy to succeed, or are just failures by their own choice?
Criminals prefer unarmed victims, dictators prefer unarmed subjects.
Why do ignorant people continue their blabbering when it only proves to others how stupid they are.
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Bajajorge
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| Quote: | Originally posted by chuckie
I'll pass that on...I do not have a Mexican Bank account, very happy with hitting the ATM a couple of times per month...way less complicated...I had a
Mexican bank account once..... |
Having an account at Bancomer is to much hassle with all their fees, rules and regs. I had an account several years ago there when it was required to
have a Mexican bank account for an FM3. Over the summer they closed my account and confiscated my $63USD which I still had left in there. They said if
I had left $100USD they wouldn't have not closed the account.
I now also only do ATM withdrawals to live on while spending my several months a year in Baja. The withdrawals are done at the Banamex only a couple
of streets away from the Bancomer.
Why do Liberals insist and demand that achievers pay the way for nonachievers who are to lazy to succeed, or are just failures by their own choice?
Criminals prefer unarmed victims, dictators prefer unarmed subjects.
Why do ignorant people continue their blabbering when it only proves to others how stupid they are.
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chuckie
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Would someone please arrange to have a Banamex branch in Mulege? By Friday? thanks so much...
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tjsue
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Charles Schwab is the best. They reimburse you for any ATM fees.
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chuckie
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I pay no fees at Peoples State bank in McDonald Kansas
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DavidE
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Mood: 'At home we demand facts and get them. In Mexico one subsists on rumor and never demands anything.' Charles Flandrau,
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Ain't It Just Ducky?
| Quote: | Originally posted by chuckie
In Mulege, we have one bank..wanna guess which one? |
And downtown parking in Sta Rosalia in the summer is something to be heavily avoided. My sympathies Chuckie.
We have to drive 155 miles in order to get screwed by BanCondom.
A Lot To See And A Lot To Do
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chuckie
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Hey! I dont have a problem! No Bad Days....
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