They typically offer better exchange rates than currency exchange offices. Using ATMs to withdraw pesos is often the most cost-effective way to exchange currency in Mexico. What is the best way to exchange currency in Mexico?
Always verify the exchange rate before making an exchange. However, the exchange rate might be higher than at an ATM or bank. You can exchange money in Mexico at exchange kiosks or stores in large international airports.
It’s best to check with your bank before your trip. Some banks may impose daily withdrawal limits, while others may have monthly or transaction limits. What is the ATM withdrawal limit in Mexico?ĪTM withdrawal limits can vary depending on your bank and your account type. Also, some banks, like HSBC and Citigroup, offer free ATM withdrawals for their customers at their branches in Mexico. How can I avoid ATM fees in Mexico?Ĭheck if your home bank has partnerships with any Mexican banks, as this could allow you to avoid some ATM fees.
However, be aware of potential fees from your home and Mexican banks. The most cost-effective way to get pesos in Mexico is often through ATMs, as they typically offer better exchange rates than currency exchange offices. What is the best way to get pesos in Mexico? However, checking with the merchant before purchasing is always a good idea. Many Mexican businesses, especially in tourist areas, accept major credit and debit cards like Visa and Mastercard.
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