Scuuze me, I thought you had moved TH69.
I have better things to do than blow twenty dollars in bank fees for nothing.
This is the NEW game
Pay multiple ATM (plus your bank) fees for a decent tipo de cambio extraction
Or
Get a suckass tipo de cambio and walk away with a month's worth of cash.
Banorte is playing the game with one peso + LESS for a dollar exchange rate. You lose roughly five dollars per hundred extraction.
BanComer has become so sh###y with account charges and fees, friends are cancelling their business and private accounts. Brenda and Jesus have their account with AZTECA. HSBC starting PENALIZING accounts and I lost $440 DOLLARS worth of pesos in 17 months due to fines and fees for inactivity. I paid 700 pesos for an abogado to tell me in ten minutes or less "You can't fight this".
At the moment the least offensive bank seems to be BanaMex even with it's 6,000 peso withdrawal limit. The same day you got 18.99 I got 19.06 The others change fees, and policy structure at ATMs with zero notification at the drop of a sombrero.
To me, this is Mexican classic hotel and restaurant "When things go downhill raise prices". Been that way in my 53 years down here.
Pemex and Secgob decided to not implement "Gasolinaza Phase 2" on 1 November. National elections are a bare seven months away. Why risk a major public uproar and unrest when it can be deferred to the administration that follows?
What does this all mean to the nuts and bolts RV'er? Unless The Object Is No Money and verse-visa simply ask neighbors in an RV park their experience with local machines. Extract a bunch of pesos and for the really paranoid, they can buy a phony shaving cream can online that opens up to store a wad of banknotes. Seventy or eighty one thousand peso notes will travel a long way.
My own personal private opinion is that the peso is going to undergo an eyebrow raising "correction" between June and January following.
But in reality all this may or may not be an insignificant wart as far as an affluent RV'er goes. The BanComer ban would be the only item of interest. In perspective a blowout would rate as a bigger issue. For those of us who have to count our pesos twice daily it's a different colored horsee.
