Apparent rip off! So, the Scotia ATM has a new screen. After entering the desired withdrawal amount you are presented with a screen essentially showing how much the pesos will cost in your home currency and are given the choice of accepting the conversion rate or declining it. I had read about something like this in the past and seemed to remember that accepting the conversion rate was a very bad option. I tested it and guess what, exactly right! If I accepted the rate it would have cost me $110.75 for 1400 pesos! I declined, still got my 1400 pesos and when I checked my account on line the debit to my account was 100.65 an effective exchange rate of 13.93.
So, be forewarned! Always decline the offered exchange rate!