ATM Fees

[meroberts]

I just got cash from Santander?s ATM machine at MEGA and I can confirm that my fee was ZERO. This is by banking at Bank of America (BOA) in the US, and Banco Santander here in Guanajuato.

Martha


Bill, thanks for the amplification of this maddening situation. I found out yesterday that Bancomer seems to charge the least -- 19.59 pesos per transaction -- but still hefty if you add 16% IVA to it. For now, a neighbor/friend has offered to use the ATM card to withdraw large amounts, then pay the housekeeper cash every week.

But, I need a permanent solution, of course. I have thought about opening a M?xican bank account that could correspond with a U.S. account for no-cost transfers. (U.S. wire transfers within the country cost anywhere from $40 to $50!) But, I have always been stopped by the exhorbitant monthly fees that M?xican banks charge just to maintain the account (so they can use MY money)! Does anyone have any advice about that?