At my local mall the exchange rate was $1.00 USD = $10.44 Mexican Pesos.
At Bank of America $10.22 free shipping for exchanges over $1000.00 USD,
Wells Fargo $9.98 after shipping, and
Foreignmoney.com $9.82 after shipping.
Do you know of a website that offers a better exchange rate?.
2006-11-20 09:25:34 · 2 answers · asked by Tomas Mora 2 in Travel ➔ Mexico ➔ Other - Mexico
You are right Mr. Sparks. I will get the wholesale exhange rate at the ATM but what about the transaction fees I will be charged by the ATM bank and my bank. I could be paying about $5.00 dollars or more everytime I make a withdrawal.
2006-11-21 03:30:26 · update #1
What the heck are you talking about ... money by email order?
Best rates are at ATM machines in Mexico
--------------------
You have to ask your bank what the international rate is. My credit union charges nothing. Other banks do charge up to $5 but it's usually not a percentage ... so take out the MAX. I have a 5000mx limit which is about $460us.
Also notify your bank you'll be in Mexico or they may shut down your card
Some ATM machines in Mexico will notify you that there will be a 7 peso charge to use the machine - thats another 60 cents. Banamex does not!
You can't avoid the 1% fee the charged by the Mexican banks
2006-11-20 11:07:26 · answer #1 · answered by sparks_mex 6 · 0⤊ 0⤋
Mr. Sparks is right on
2006-11-21 00:24:44 · answer #2 · answered by moonwalker 3 · 0⤊ 0⤋