Sending myself money

#1
So I'm in town and was contemplating sending my self money went overboard on bill, Cheaper to send myself money or use ATM with B of A card. I think you get better rate with Western Union. They charge 5 bucks. Help....
 

brokenwave

Well Known Member
Forum Supporter
#2
I always use an ATM, using a Capitol One 360 debit card. No fees (other than the ATM fee of 30 pesos using a Banamex ATM) also got 18.05-1 last week at the ATM in Supernorte.
Intercam also gives a decent exchange rate. I use this site to see where to get pesos.
http://www.eldolar.info/en/mexico/dia/hoy

I have my withdrawal limit set to $1,000 US per daily transaction.
 

Bob Oso

Well Known Member
#4
I may be mistaken, but wasn't it Stuart who created a thread on this about a year+ ago. The bank he worked at designed a way for money to be transferred between the US and Mexico with little cost and little hassle.
 
#6
I may be mistaken, but wasn't it Stuart who created a thread on this about a year+ ago. The bank he worked at designed a way for money to be transferred between the US and Mexico with little cost and little hassle.
WTF is it to you I was just asking for a one time use?
 

Bob Oso

Well Known Member
#7
Simmer down hot plate....It's nothing to me, and neither are you. Perhaps you could use some of that money and get a grammar lessons on how to formulate a sentence.
 
#12
By interesting coincidence I just completed a research contract on cybercrime. Due to the interconnectedness of Mexico's banking system (as compared to the segmentation in the US) the investigation would affect more banks, but it doesn't mean that more banks were breached. Mexico banks, in general, are no more or less vulnerable than than US banks. On a side note, the most versatile US bank with the lowest costs to withdraw money in foreign ATM's (including in Mexico) in Charles Schwab Bank. The downside is you also need to open an investment account, although you don't have to fund it. The bank in Rocky Point that consistently gives the best exchange rate though their ATMs is Intercam. That's not to say that either of these is the easiest to do business with etc, just represent the lowest cost and best exchange rate.
 

JimMcG

Well Known Member
#13
I still remember the seventies when US and Canadians were ecstatic about the high interest rates they were receiving on their Mexican bank, dollar accounts, only to discover that when a particularly severe peso crunch came along their only option was to take withdrawals in pesos. Many nest eggs disappeared.
 

brokenwave

Well Known Member
Forum Supporter
#14
I still remember the seventies when US and Canadians were ecstatic about the high interest rates they were receiving on their Mexican bank, dollar accounts, only to discover that when a particularly severe peso crunch came along their only option was to take withdrawals in pesos. Many nest eggs disappeared.
I've seen more than a few people get wiped out by not being diversified and just being too Greedy. Never put all your egg's in the same nest.
 

JimMcG

Well Known Member
#15
Unfortunately, older people especially are usually very vulnerable and no match for the hustlers and con men and many have their life’s savings wiped out. This appears to be on the increase for the “baby boomers”and is always very sad to see.
 

mexicoruss

Lovin it in RP!
#16
I lost just under a million dollars in the 07-08-09 debacle....and not in Mexico.....in the good ole USA. Bankers are criminals and trust in them is foolish but one country is no better than the other. I am still bullish on my current position. I tried the other one and it left me unfulfilled
 

jerry

Well Known Member
#17
Obrador is looking pretty strong...We might see some changes in our freedoms to make the occasional peso down here..What's not priced into most calculations is that the leftist front-runner could also enjoy a congressional majority after the July 1 vote, making it easier for him to reset Mexican economic policy. That scenario looks increasingly likely, according to analysts from Eurasia Group and UBS AG.
 

MIRAMAR

Well Known Member
#18
Again, we're all in trouble if the Socialist becomes president. Hugo Chavez, Maduro, Venezuela are all a examples of how well that works.
 
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