thanks, i do not see a Santander nearby, I am going to try HSBC which is the one I recognize from the ones close to the hotelI have used my Bank of America ATM card at a few Santander ATMs and the Fx rate and fees were reasonable. Not sure which bank the ATM is at the resort but it wasn’t Santander when we were there a few years ago.
I normally just get enough pesos at the front desk for any planned taxi or bus rides during the stay or any planned/budgeted purchases at the Mercado 8. We use our SPG Amex for everything else including groceries at Soriana. During the last few years it seems like the AMEX exchange rate has been favorable.I have used my Bank of America ATM card at a few Santander ATMs and the Fx rate and fees were reasonable. Not sure which bank the ATM is at the resort but it wasn’t Santander when we were there a few years ago.
The Santander I’ve hit up was by the mall area where the grocery store Soriano’s is and the one at the Ultramar ferry terminal when we were heading to Isla Majures since some of the island restaurants such as Mangos only takes pesos and no credit cards.
The best exchange rate is probably your local bank in the US. I always get my Pesos from Chase Bank and took them with me. I got the market spread with no commission. Never exchange anywhere other than the bank because they are not regulated and can make up whatever exchange rate they want. I saw some merchants offering 15 pesos to the dollar. Yikes!we will be there tomorrow. Is the exchange rate at the resort ATM decent? If not, what is the best option to get some pesos?
Is that the US$ ATM? There are two ATMs down there, one is US$ and the other is MEX Peso. I can see where you may get hit with a exchange surcharge on the USD. However, any exchange fee at the Peso machine would be based on your banks offered exchange rate. Can't speak to the fees.17.85 at Resort. Roughly 17.9 at Kiosk. Most Restaurants were 17.
DO NOT USE THE ATM BY THE FITNESS CENTER !!!!!
I heard someone screaming at management, on $100 was charged 6% on the exchange and a $15 ATM fee.