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Usk_Coastie's avatar
Usk_Coastie
Explorer
Nov 10, 2016

Change in amount from ATMs ??

Last few years or so we have been able to pull as much as $40000 MXP per day per card from ATMs on the west coast of Mexico.

This year on our way down the coast we were only able to get $5000 MXP per day per card from the ATMs in San Carlos, Mazatlan, PV, and Melaque.

We asked our banker at Intercam about this and his answer was that all ATMs were supposed to be limited to $5000 MXP per day. This is due to changes in Mexican banking laws.

Fortunately we have completed our construction project and no longer require the high peso withdrawals to make payroll and purchase construction materials.

Has anyone else run into this ATM limitation?

22 Replies

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  • MEXICOWANDERER's avatar
    MEXICOWANDERER
    Explorer
    Nov 10, 2016
    BanaMex and BanComer have limits. Read it and weep. I have been using Banorte and HSBC to circumvent the rule. But they too may change. It. Is. Not. General. Banking. Regulations. it is up to each individual bank. And rates are set by banking zone, usually the state. It really helps to find this out from and branch managers and not gossip, print media or hyperventilating travel guide writers.
  • moisheh's avatar
    moisheh
    Explorer
    Nov 10, 2016
    Your Banker has given you bad information. Last year we were withdrawing 6000 pesos from most machines. This year I have found a few that gave me 8000 pesos. Stay away from machines in places like Oxxo. They limit the amounts and charge outrageous fees Usually the machines in Wal mart give at least 6000. The business that houses the ATM gets a portion of the fees. In tourist areas they get greedy and charge high fees and low withdrawals. If you go right to the bank fees are more reasonable.

    Moisheh

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