Natasha Posted September 24, 2020 Report Share Posted September 24, 2020 The matter of banks (like HSBC) asking if you accept their outrageous exchange rate (which you must decline to get your own bank's better rate) has been previously discussed. But I had never experienced this at the CiBanco ATM before. Today, first time there since June and a line-up behind me, I saw there was a change in the screen but rushed because I didn't want to keep others waiting. My bad!!! Found I should have declined the "do you accept" option when later, checked on oanda.com and learned I got the "kiosk" rate (a little over 5%) where before with them I got between ATM and Visa rate. Yes.... I checked. Lesson learned...... and hope this will help others. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted September 24, 2020 Report Share Posted September 24, 2020 It has been that way for quite some time. You will begin to see more of this at other ATM's. It is a profit center for the bank. At BBVA the ATM charge for non clients with a Mexican debit card is lower than the ATM fee for a foreign debit card. Quote Link to comment Share on other sites More sharing options...
artsnob Posted September 24, 2020 Report Share Posted September 24, 2020 So what did they charge you Natasha Quote Link to comment Share on other sites More sharing options...
sm1mex Posted September 24, 2020 Report Share Posted September 24, 2020 Yes decline CIs rate. Almost 1.4 or 2 below what you should get with your bank. Also fee to use the ATM is now 29 pesos. Quote Link to comment Share on other sites More sharing options...
Natasha Posted September 24, 2020 Author Report Share Posted September 24, 2020 1 hour ago, artsnob said: So what did they charge you Natasha Just over 5%..... which I now know is "kiosk" rate. I used to get 2.5% from them..... half way between oanda's rates for debit vs credit cards. WIll certainly be more mindful next time regardless of HOW many people are in line!! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.