Rosie, I was just thinking about all of this since pesos go a lot farther in Mexico than dollars. I belong to a credit union here and have no idea what the fees are to withdraw pesos. I am going to call my credit union to see if they are affiliated with any of the Mexican banks or to see if they will refund withdrawal fees. Will this intercam thing work for me? Do they have fees? I was buying things in dollars at 12 and seeing pesos at 14 this last weekend......i still have a checkbook.........
When I say I have an Intercam account, I don't mean I have money on deposit in their institution. I have friends who do, and they're all quite happy. I'm registered with them. I have filled out paperwork that makes me a regular client of theirs. They have pre-approved my U.S. checks based on my history with them and the fact that they're pretty sure I'm not going to bounce one. Before, whenever I wanted pesos I'd go to the ATM and withdraw the daily limit (for me, $9,000) and pay the service charges. Now, I call Intercam, tell Leonardo how much I want, give him the check number over the phone and he gets the cash ready for me. If there's any commission, it's negligible. I called him this morning simply because I wanted to have pesos bought at $14.15. If the amount I need is more than the amount they can give me in cash, they'll prepare a check for me to cash at the bank of my choice. Call Leonardo, Chari...he'll explain help you figure out how they can help the rate of exchange work in your favor.
And Roberto...Eduardo isn't the only one whose ears perked right up when reading your post!
