On Tuesday at another bank, BaNorte, I withdrew 10,000 pesos and was charged 46 pesos,
Wells Fargo took another $5 for a combined total of approx. $8 or 1.4% in fees.
That is the fee regardless of the amount, so I always withdraw at least 8-10,000 pesos, to keep the fees minimal. I received 18-1.
Another transaction, My kids took out $60 and it came out to 16%.
after I explained how it works all of my kid's
are wiser now and will only buy pesos from us or take out at least $200 to split up between them.
We are using pesos for 99% of all purchases now, mainly because of all the places giving 15-16 to 1,
and we are always getting 2-3 pesos more because withdrawing from a US bank will always get the latest exchange rate.