As a seasoned traveler, ATMs are the best source for obtaining local currency, especially if you want to maximize your money while on the go. With their convenient locations, competitive exchange rates, and general ease of use, ATMs offer a practical solution for visitors navigating the vibrant streets of Mexico. Here’s everything you need to know about using ATMs to get pesos during your travels.
The Best Exchange Rates
When it comes to obtaining pesos, ATMs outshine currency exchange offices and even airport counters. How so? The secret lies in your bank and the card you possess. Your bank sets the exchange rate you receive, not the ATM provider, meaning you could experience savings compared to the rates displayed in currency apps or at exchange booths.
Important Tip: Always Decline Suggested Rates
When using an ATM, you may be offered a “suggested” exchange rate that sounds tempting. However, I urge you always to decline this option. That suggested rate often comes with increased fees and unfavorable rates (around 6%) that can significantly diminish your cash. Look for the decline button, usually found at the bottom left of the screen, and opt for your bank’s rate for the best value. (See photo below)
Locating ATMs in PV
You’ll find ATMs conveniently located throughout town, including at the airport. As you exit the terminal doors, you can spot them on your right, right after you leave the Immigration and Customs area. You’re in ATM territory once you navigate through the timeshare hall and car rental booths.
ATM Fees and Translation
ATM fees vary by provider but generally remain pretty consistent, often only differing by a few pesos. Before you consider jumping from one ATM to another in search of the lowest fees, take a moment to pause. Start by checking the screen for available language options, as this can save you time and potential confusion.
Recommended Banks for Withdrawals
Here is a list of recommended banks with ATMs commonly found throughout Mexico, including Puerto Vallarta (PV):
- Bancomer
- HSBC
- Santander
- Scotiabank
- Banregio
- Banorte
- CIBanco
These banks typically provide reliable services and competitive rates, making them excellent choices for your currency needs. However, they are machines which are still prone to malfunctions, so there are no guarantees.
Locating ATMs in PV: Starting at the airport
You’ll find ATMs conveniently located throughout town, including at the airport. As you exit the terminal doors, look to your right after leaving the Immigration and Customs area. You’ll be in ATM territory once you navigate through the timeshare hall and car rental booths.
Always Stay Aware of Your Surroundings
While ATMs are accessible, it’s essential to remain vigilant when using them. Be aware of your surroundings, and resist the temptation to let strangers “help” you or invade your personal space. Your safety should always come first.
ATM Fees and Translation
ATM fees vary by provider but remain consistent, often only differing by a few pesos. Checking the screen first for available language options can save you time and potential confusion.
By following these tips and utilizing ATMs from the recommended banks, you can ensure a smoother experience when exchanging your currency for pesos in Mexico. Safe travels!
Remember to Take Your Card!
One of travelers’ most common mishaps is forgetting their card after a transaction. When the machine ejects your card, take a moment to ensure you retrieve it before walking away. Rushed actions can lead to leaving your card behind, which can be an inconvenience you don’t want to deal with.
Planning Ahead: Holidays and Peak Times
If you’re traveling over holidays or long weekends, it’s wise to plan to avoid any cash shortages. ATMs often run low on cash during these busy times, leaving you in a pinch for pesos. The best strategy is to withdraw some money during weekdays when foot traffic is lighter, ensuring a steady supply. Additionally, if you withdraw large amounts, storing them securely in your hotel or rental safe is advisable, taking only what you need for daily expenses.
Conclusion
In a nutshell, ATMs offer the most convenient way to obtain cash in Mexico. By familiarizing yourself with their operation, prioritizing your safety, and strategically planning your withdrawals, you can enjoy your travel effortlessly. As you set off on your journey through Mexico, take advantage of ATMs to meet your cash requirements.
