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INTERCAM....ALTERNATIVE BANKING SOLUTION IN MEXICO

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Post by Jim W Mon Feb 27, 2012 3:51 pm

I signed up with Intercam 3 weeks ago. The approval process is approx. 48 hours. Upon approval, I can write a check in USD up to $4000.00 and receive currency back immediately. They also will issue checks in Mexican Pesos for you. Today when I arrived the pesos was @ 12.2...USD.....I asked for check in Pesos to my medical insurance company....It was ready in 2 hours.....the exhchange rate was 12.6, on a $3000.00 USD check.

Just wanted to share, a good experience for me, no float time, and for me eliminates need for Mexican bank account.....smaller denominations ATM....larger Intercam!!!! Surte ....Me a happy Camper flag waver
Jim W
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Post by David Mon Feb 27, 2012 4:06 pm

There's an ATM at Intercam?
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Post by Jim W Mon Feb 27, 2012 4:18 pm

David, I didn't see one. The great thing is once approved....immediate cash, larger amounts than ATM issues, No 5-10 day hold, higher exchange rate....Albeit....parking sucks...LOL...I back into OXXO and park there. Very Happy It takes a little more planning, but now seldom use ATM. Beer
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Post by sparks Mon Feb 27, 2012 5:21 pm

Sure made my house building project easier and cheaper. A 4k check costs $8 (any sized check) and they will give you cash or a bank draft. Larger amounts they prefer to send you to a bank
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Post by Jim W Mon Feb 27, 2012 5:26 pm

Sparks, They charged nothing for my 3k check....and got 12.6 exchange today...
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Post by sparks Mon Feb 27, 2012 6:00 pm

When I signed up they said $8. I never paid anything separate so ir must have come out of the final amount. Don't have any receipts to look back on but they make their money somewhere.
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