Thursday, June 16, 2011
When we found this out we started saving about $50 per month in ATM fees. If you do a $7,000.00 Peso withdrawal at Banamex it will cost you about $11.00 USD in ATM fees. I am not sure if other banks in Canada or the U.S. have this type of arrangement with a Mexican bank but at least BofA does. The only drawback is that Santander will only let you take out $6,000.00 pesos per withdrawal in a 24 hour period. I have taken out more than twice that much on some occassions at other banks, specifically the one aforementioned but not at Santander.
Just a word to the wise. Hope this helps.