ATM Withdrawal Information
You can withdraw a minimum of 200 pesos from your BDO ATM. The maximum withdrawal limit per day for each type of Peso savings account is 50,000.00 PHP per day. For every single withdrawal transaction, you are allowed to withdraw a maximum of 10,000 PHP. If you have a Landbank ATM debit card that is a VISA card, you can withdraw funds at any ATM in KUWAIT that accepts VISA by looking for the ATM with a VISA logo.
The daily withdrawal limit for a Debit Mastercard and Handycard at Westpac ATM is A$1000, which can be increased to a maximum of $2,000 by visiting a Westpac branch or calling Telephone Banking.
ATM Safety and Usage
ATMs located inside of bank branches are generally the safest since they are under 24-hour video surveillance, and guards may be present during banking hours.
Withdrawing Pesos in Mexico
The best way to get pesos in Cancun is to simply withdraw cash from an ATM once you arrive.
Maximum Withdrawal from ATMs in Mexico
The maximum amount to withdraw from ATMs in Mexico varies:
- Bancort: Up to 11,650 pesos per day
- BBVA: Up to 9,300 pesos per day
- Citibanmex: Up to 9,000 pesos per day and 6,000 pesos from a credit card
- HSBC: Up to 9,500 pesos per day
- Santander: Up to 11,000 pesos per day
Most Mexican ATMs have a per day withdrawal limit of between the peso equivalent of ~$245 USD to ~$350 USD.
Avoiding ATM fees in Mexico
Minimize ATM fees in Mexico by checking if your home country bank has partnered with banks in Mexico to remove ATM fees. Understand your bank’s fees.
Tips for Getting Money in Mexico
ATMs offer competitive exchange rates for pesos. Consider opening a bank account that doesn’t charge foreign ATM withdrawal fees. Check with your bank about their exchange rates and fees.
Cheapest Way to Get Pesos in Mexico
The most cost-effective way to get pesos is often through ATMs. Use reputable national banks’ ATMs to minimize exchange tax. Check if your home bank has partnerships with Mexican banks to avoid some ATM fees. Compare services like Wise and Revolut for the best exchange rates.
Currency Information and Exchange
Mexican bills are printed in denominations of 20, 50, 100, 200, 500, and 1000 pesos. The value of the Mexican Peso fluctuates daily. Opening a multi-currency account can be the easiest and cheapest way to purchase and use pesos.
Online Money Transfer Services
Popular options for online money transfer services include PayPal, TransferWise, and Xoom. These services typically offer no-fee ATM withdrawals or low-cost debit card transactions.