Joined: Nov 2018
Posts: 197
Mexico
2/11/2019 at 9:57 AM
You can use the ATM in the new Oxxo it works fine. I also use the ATM outside Chedraui it seems to have the best fees. If your card is Cirrus look for that logo. Also should call your bank and let them know you'll be traveling so there are no surprises
Your bank will charge $2 fee for using an ATM and if I remember correctly the machine at Chedraui charged 38 peso for using. Currently you should get 13.8-14 peso for a Canadian dollar. Don't out pull out or use American money they all (vendors, restaurants, cabs) all give a poor conversion, usually 20-30%. I saw one restaurant in PM offering 14 peso for a US dollar. Currently the US dollar is sitting around 18 to $1 US. The money exchanges take about a 5% cut, it's not much but why bother when you can just just a machine. Try to take enough out at once so your not always getting dinged fees. Use your room safe. You will likely get a bunch of big bills (500 peso) they can be hard to break as no one has change but buy a water or beer at Oxxo for 20 peso and they'll break it. Be familiar with the rate and always pay in peso. And never use the money exchanges at the airport, ever! Totally rip offs. By the way under Mexican law it's illegal for them to put a mandatory tip or "propina" on the bill, most don't but watch your bills. Hope this helps. You'll love PM it's a laid back chill spot.