mexijims1 Posted May 26 Report Share Posted May 26 I know XE.com com says today about 17.66 but what rates are people actually receiving from their ATM withdrawals? Thanks. Quote Link to comment Share on other sites More sharing options...
artsnob Posted May 26 Report Share Posted May 26 18.1 at INTERCAM TODAY... Quote Link to comment Share on other sites More sharing options...
Natasha Posted May 26 Report Share Posted May 26 oanda right now says 17.46 sell dollars to get pesos (12.01 pm) but that will fluctuate all day long Quote Link to comment Share on other sites More sharing options...
WideSky Posted May 26 Report Share Posted May 26 I always decline the conversion as my bank gives me a better rate. Quote Link to comment Share on other sites More sharing options...
Natasha Posted May 26 Report Share Posted May 26 3 minutes ago, WideSky said: I always decline the conversion as my bank gives me a better rate. I don't think OP is talking about that (which has been widely covered on this board). I think the question is exchange rate which would between user and their bank once the ATM offer is declined. 1 1 Quote Link to comment Share on other sites More sharing options...
TelsZ4 Posted May 27 Report Share Posted May 27 I believe it’s the same rate in all ATM’s , the only difference is the fees you are charged… 2 1 Quote Link to comment Share on other sites More sharing options...
Hud Posted May 27 Report Share Posted May 27 36 minutes ago, TelsZ4 said: I believe it’s the same rate in all ATM’s , the only difference is the fees you are charged… It can vary, depending on if you use a MC or a Visa (atm card), but not a lot. MC and VISA set the RATE !!! The bank only sets the rate if you choose to let them do the conversion (big mistake). Quote Link to comment Share on other sites More sharing options...
Hud Posted May 27 Report Share Posted May 27 19 hours ago, Natasha said: I don't think OP is talking about that (which has been widely covered on this board). I think the question is exchange rate which would between user and their bank once the ATM offer is declined. Banks DO NOT set the rate !!! (which has been widely covered on this Board) How long have You been a member here ? 1 Quote Link to comment Share on other sites More sharing options...
Hud Posted May 27 Report Share Posted May 27 On 5/26/2023 at 11:11 AM, mexijims1 said: I know XE.com com says today about 17.66 but what rates are people actually receiving from their ATM withdrawals? Thanks. XE.com has Nothing to do with atm rates., nor do banks. Only MC and VISA ! Time of withdrawal is important, as if you go before noon, the bank may not have changed the rate from the day before and it could be lower (or higher) than today's rate. 1 Quote Link to comment Share on other sites More sharing options...
mexijims1 Posted May 27 Author Report Share Posted May 27 I know all that, which is why I asked for what people are getting for their ATM rates ! Quote Link to comment Share on other sites More sharing options...
Hud Posted May 27 Report Share Posted May 27 6 minutes ago, mexijims1 said: I know all that, which is why I asked for what people are getting for their ATM rates ! Everyone gets the same, but many don't know how to figure it, so you will get different numbers from people. Some go early, some go late. some include the bank fee, some don't. It's unbelievable. 2 Quote Link to comment Share on other sites More sharing options...
Hud Posted May 27 Report Share Posted May 27 17.6723 for atm Visa and 17.8252 for atm MC today. 1 Quote Link to comment Share on other sites More sharing options...
John Shrall Posted May 27 Report Share Posted May 27 Plus, Cirrus or Visa are the switches that convert local currency to the destination currency as the ATM transaction leaves Mexico heading toward the authorizing bank. This is as long as you decline the conversion at the acquiring bank. It doesn't matter if you're in Mexico, Argentina or Kenya. It works the same way everywhere. Surcharges are assessed at the ATM and are just added to the amount you requested. The amount is shown on your receipt and nowhere else . Currency exchange fees are assigned by Master Card or Visa based on the card logo. This type of fee shows up as a separate charge on your statement. 3 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted May 28 Report Share Posted May 28 On 5/26/2023 at 6:01 PM, Natasha said: I don't think OP is talking about that (which has been widely covered on this board). I think the question is exchange rate which would between user and their bank once the ATM offer is declined. No the exchange is set by Visa or Mastercard not the bank that issued your card https://www.mastercard.com/global/en/personal/get-support/convert-currency.html https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html 1 1 Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted May 28 Report Share Posted May 28 5 hours ago, mexijims1 said: I know all that, which is why I asked for what people are getting for their ATM rates ! The exchange is set by Visa or Mastercard not the bank that issued your card unless you opt for the atm's bank rate which will almost always be far worse https://www.mastercard.com/global/en/personal/get-support/convert-currency.html https://usa.visa.com/support/consumer/travel-support/exchange-rate-calculator.html 1 Quote Link to comment Share on other sites More sharing options...
mexijims1 Posted May 28 Author Report Share Posted May 28 That is true and I knew that. However, people are still getting various exchange rates, which I am interested in hearing. 2 Quote Link to comment Share on other sites More sharing options...
Natasha Posted May 28 Report Share Posted May 28 The exchange rate I get on DEBIT card is determined by my home (Canadian) bank on arrival at their end. Never tied with Visa credit card so can't say. 1 1 Quote Link to comment Share on other sites More sharing options...
Hud Posted May 28 Report Share Posted May 28 16 minutes ago, mexijims1 said: That is true and I knew that. However, people are still getting various exchange rates, which I am interested in hearing. No they are not ! They just don't know how to compute the rate. I always get just what Visa and MC tell me I will get, and that is because I know how to compute the rate I get. Quote Link to comment Share on other sites More sharing options...
Hud Posted May 28 Report Share Posted May 28 34 minutes ago, Natasha said: The exchange rate I get on DEBIT card is determined by my home (Canadian) bank on arrival at their end. Never tied with Visa credit card so can't say. Not if it is a Visa or MC atm card ! We are never talking credit cards here, as that is a different animal. I have never had a Debit Card, only an atm card, as I believe the former is too dangerous to use. If you lose an atm card, no problem, but if you lose a debit or are robbed, problems. YMMD 1 Quote Link to comment Share on other sites More sharing options...
ibarra Posted May 28 Report Share Posted May 28 Excerpts: These fees are set by the credit card networks (Visa, Mastercard, Discover, and American Express). Each card association has its own schedule of interchange fees... The exchange rate for international purchases and foreign ATM transactions is set by Visa® or MasterCard®, depending on your card's logo. This exchange rate is either the wholesale market rate or a government-mandated rate on the day before the date the transaction is processed. Quote Link to comment Share on other sites More sharing options...
RickS Posted May 28 Report Share Posted May 28 1 hour ago, Natasha said: The exchange rate I get on DEBIT card is determined by my home (Canadian) bank on arrival at their end. Never tied with Visa credit card so can't say. I think that you may be mistaken..... Quote Link to comment Share on other sites More sharing options...
ibarra Posted May 28 Report Share Posted May 28 2 hours ago, Natasha said: The exchange rate I get on DEBIT card is determined by my home (Canadian) bank on arrival at their end. Never tied with Visa credit card so can't say. Foreign exchange fee is determined by your bank. 1 1 Quote Link to comment Share on other sites More sharing options...
Jim Bowie Posted May 28 Report Share Posted May 28 1 hour ago, ibarra said: Foreign exchange fee is determined by your bank. Exactly ! There are three ways you could be hit with fees when using your debit card overseas. First, your bank could charge you a fee for using an out-of-network ATM — both at home and at ATMs abroad. Second, the bank that owns the ATM could tack on additional fees. Finally, you can be charged foreign transaction fees at the ATM, just as you can when making credit card purchases. 2 Quote Link to comment Share on other sites More sharing options...
Jim Bowie Posted May 28 Report Share Posted May 28 On 5/26/2023 at 12:50 PM, artsnob said: 18.1 at INTERCAM TODAY... Tell me that is a Visa or MC rate ! 1 Quote Link to comment Share on other sites More sharing options...
tomgates Posted May 28 Report Share Posted May 28 John and MostlyLost are 100% correct. The net amount of pesos, euros or whatever you get from the ATM reflects the various fees the ATM charges you. The actual rate is fixed each day by VISA or MC. You can click on the 2 links and see the daily posting. Quote Link to comment Share on other sites More sharing options...
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