ATM Transaction Fees

[azdiva]

Now Bank of America wants $5.00 transaction fee AND 3% Foreign transaction Fee for using ATM unless
Scotia Bank ATM. Now if you use Credit Card its a 2-3% Fee or ATM at Santander 3% plus ATM Fee.
Question? use cash pesos, convert dollars at major retailers(super ley or copal) or exchange. Personally i like to travel with minimal US Cash and use local atm but with new fees,it looks that i have to bring US$ Cash.

 

[mexicoruss]

Now Bank of America wants $5.00 transaction fee AND 3% Foreign transaction Fee for using ATM unless
Scotia Bank ATM. Now if you use Credit Card its a 2-3% Fee or ATM at Santander 3% plus ATM Fee.
Question? use cash pesos, convert dollars at major retailers(super ley or copal) or exchange. Personally i like to travel with minimal US Cash and use local atm but with new fees,it looks that i have to bring US$ Cash.

At the current exchange rate the banks fees don't really matter. Bring dollars for your "gringo purchases" and use your debit for peso cash for your "Mexican purchases"

 

[Buffalo Marty]

Here is an older thread regarding ATM withdrawals. There are alternative cards with no fees and that also reimburse any local ATM fees:

http://www.rockypointtalk.com/threads/foreign-transaction-bank-fees.9149/

As far as credit cards, there are many now that specifically mention that they do not charge international fees. For example, I have the Southwest Rapid Rewards card from Chase and there are ZERO international fees, so I use it wherever accepted in RP. For the rest I will take out some pesos with my Fidelity cards which is mentioned is the thread I link too. Hope this may help...

 

[brokenwave]

Capitol One Quicksilver card and a 360 checking account is great even in Mexico, always get the latest $$ to peso exchange rates and fees are Nada.
Also with 1.5% back.