ATM info
+5
cypress
Gamina
ferret
caligirl108
slainte39
9 posters
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ATM info
Have a friend acquaintance looking for an ATM in the Chapala area that will transfer the most amount of cash from a US bank at a time. I know there are many different limits at various banks and since I don´t use the ATM´s other than for Mexican banks I would be guessing.
I did tell him that it would probably be CI Banco but wasn´t sure.
I did tell him that it would probably be CI Banco but wasn´t sure.
slainte39- Share Holder
- Posts : 9348
Join date : 2010-07-22
Re: ATM info
what I was told by Ci Banco service reps was the withdrawal limit is set by the US bank, not Ci Banco. The Visa system effectively governs the electronic transfer process, so they too may be the entity determining daily withdrawal limit. Seems this number is around $600usd or 11,000 pesos or so from my experience.
caligirl108- Share Holder
- Posts : 266
Join date : 2015-11-21
Re: ATM info
My Canadian bank has set my limit at $1500 Canadian dollars at my request. Just because an ATM has a limit doesn't mean that you can't use your card in back to back transactions. You're just going to pay more in transaction fees. I have done that many times when I had to accumulate funds for hospital payments.
There are also some ATM's that will spit out combinations of bills but that seems to be limited to the amounts to choose posted on their screens. If you choose an amount higher than anything they offer, then it comes out in only 500 peso bills. On the other hand, it's far easier to break a 500 these days... even at Tony's Take Out.
There are also some ATM's that will spit out combinations of bills but that seems to be limited to the amounts to choose posted on their screens. If you choose an amount higher than anything they offer, then it comes out in only 500 peso bills. On the other hand, it's far easier to break a 500 these days... even at Tony's Take Out.
ferret- Share Holder
- Posts : 10328
Join date : 2010-05-23
Re: ATM info
Your bank where ever it may be sets the limit. (per day usually). ATMs here may not be set to release that much at one time so you may have to do it several times until you hit your bank limit. I can get about 19,000 pesos per day at HSBC.
Last edited by cypress on Sat Jul 06, 2019 11:11 pm; edited 1 time in total (Reason for editing : clarity)
cypress- Share Holder
- Posts : 904
Join date : 2012-05-16
Location : Ajijic
Re: ATM info
My limit is $1000 per day or $3000 per week.
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Re: ATM info
I have a 1000CAD daily limit but no weekly limit, but rarely use it.
Instead my wife or I deposit a Canadian or US cheque at our Mexican Bank and the money is in our account in a matter of hours or less. We can then withdraw what we want at the teller. For a new account it would probably take a few days (5 or so)
Instead my wife or I deposit a Canadian or US cheque at our Mexican Bank and the money is in our account in a matter of hours or less. We can then withdraw what we want at the teller. For a new account it would probably take a few days (5 or so)
DaveP- Share Holder
- Posts : 772
Join date : 2010-04-05
Location : San Antonio Tlayacapan
Humor : A little English
Re: ATM info
How does the exchange rate you get doing this compare to what you would get using the ATM to withdraw from your US or Canadian account? If you know... Thanks.DaveP wrote:I have a 1000CAD daily limit but no weekly limit, but rarely use it.
Instead my wife or I deposit a Canadian or US cheque at our Mexican Bank and the money is in our account in a matter of hours or less. We can then withdraw what we want at the teller. For a new account it would probably take a few days (5 or so)
Frijoles- Share Holder
- Posts : 167
Join date : 2012-05-16
Re: ATM info
Because my bank is a "virtual" bank with low overhead, the exchange rate is better than a brick & mortar bank.
Gamina- Share Holder
- Posts : 1037
Join date : 2011-05-05
Re: ATM info
Frijoles wrote:How does the exchange rate you get doing this compare to what you would get using the ATM to withdraw from your US or Canadian account? If you know... Thanks.DaveP wrote:I have a 1000CAD daily limit but no weekly limit, but rarely use it.
Instead my wife or I deposit a Canadian or US cheque at our Mexican Bank and the money is in our account in a matter of hours or less. We can then withdraw what we want at the teller. For a new account it would probably take a few days (5 or so)
it depends on the amount of the cheque. It is about the same as visa at the low end but goes up as the amount of the cheque increases.
DaveP- Share Holder
- Posts : 772
Join date : 2010-04-05
Location : San Antonio Tlayacapan
Humor : A little English
Re: ATM info
Intercam gives a consistently terrible exchange rate on cheque deposits & takes full 5 days or more.. it is done thru their Citibank account, wonky.. If over $10K usd, a better rate is given, but just from terrible to average..
caligirl108- Share Holder
- Posts : 266
Join date : 2015-11-21
Re: ATM info
My check deposit at Intercam is available to me before I can get home.
WillieRae- Share Holder
- Posts : 540
Join date : 2014-07-22
Re: ATM info
Maybe I need to talk to Marta. Perhaps I am thinking of the time I wired money from the States... had to go to some Citibank account in NY.. that took 5 days.. And because I didn't call Marta & tell her it was coming.. it was another delay as they had to look around for it in Mex City... srsly.
caligirl108- Share Holder
- Posts : 266
Join date : 2015-11-21
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