Anni D Posted March 7, 2020 Report Share Posted March 7, 2020 I have an BOA and ML account and I’m moving to Ajijic. Can I use my account in Ajijic ? Quote Link to comment Share on other sites More sharing options...
Mainecoons Posted March 7, 2020 Report Share Posted March 7, 2020 You can draw out cash using your tied ATM card(s). We have a Waterhouse account we manage over the internet. We also have a local Actinver account to facilitate transfers for the big stuff. Quote Link to comment Share on other sites More sharing options...
RickS Posted March 7, 2020 Report Share Posted March 7, 2020 1 hour ago, Anni D said: I have an BOA and ML account and I’m moving to Ajijic. Can I use my account in Ajijic ? As Coons says, most people use a debit card from their US account(s) to take out pesos cash.... Mexico runs on cash mostly. This will get one the best exchange rate. There are 'good' credit cards and bad... meaning some want to give you an inferior rate and also tack on other fees. BOA is typically not know here as a good card. Maybe the ML account would be best....ask them. Many people us a Charles Schwab account as they are very good.... and friendly to expats. A credit card, VISA or Mastercard, can be used for outright purchases at some/many places these days but one wants to be really careful with their use in Mexico. But as I said, it is mostly a cash society. Quote Link to comment Share on other sites More sharing options...
ragtopman Posted March 7, 2020 Report Share Posted March 7, 2020 2 hours ago, Anni D said: I have an BOA and ML account and I’m moving to Ajijic. Can I use my account in Ajijic ? I'm also with BofA and ML and there is a Scotia Bank ATM by Domino's that is user friendly to us Just when you use it always remember to 'decline' the DCC conversion rate(lower left on the screen)and it might be in your better interest to ask your FA about coming here and the Foreign Account Tax Compliance Act(FACTA). https://theguadalajarareporter.net/index.php/news/news/business/49534-us-brokerage-firms-close-accounts-for-us-expats Quote Link to comment Share on other sites More sharing options...
RickS Posted March 7, 2020 Report Share Posted March 7, 2020 ragtop, does BofA charge any fees for that service? Do they refund the ATM fee that you were charged? Is their exchange rate 'similar' to the day's official exchange rate. If not any/all of these things then using them consistently at Lakeside will run up the cost to access YOUR money. Schwab and others will/do the things I asked about your BofA account. And no, I don't even have an account with them.... Quote Link to comment Share on other sites More sharing options...
tomgates Posted March 8, 2020 Report Share Posted March 8, 2020 Schwab also rebates back the alien ATM charges at the end of each month. Thone alien fees range from $16p at CI Banco, $69 at HSBC (also decline the added exchange fee) and $83 at Bancomer. Also suggest talking to your bank and have them change the daily limit and also the transaction limit to the highest possible. Quote Link to comment Share on other sites More sharing options...
ragtopman Posted March 8, 2020 Report Share Posted March 8, 2020 21 hours ago, RickS said: ragtop, does BofA charge any fees for that service? Do they refund the ATM fee that you were charged? Is their exchange rate 'similar' to the day's official exchange rate. If not any/all of these things then using them consistently at Lakeside will run up the cost to access YOUR money. Schwab and others will/do the things I asked about your BofA account. And no, I don't even have an account with them.... Rick....(you do know who this is don't you?)And no, no ATM fee's and it costs nothing and if the DCC rate is declined I get something real close to the exchange rate of the day. Quote Link to comment Share on other sites More sharing options...
Mostlylost Posted March 8, 2020 Report Share Posted March 8, 2020 2 hours ago, tomgates said: Schwab also rebates back the alien ATM charges at the end of each month. Thone alien fees range from $16p at CI Banco, $69 at HSBC (also decline the added exchange fee) and $83 at Bancomer. Also suggest talking to your bank and have them change the daily limit and also the transaction limit to the highest possible. You can add Fidelity, and Etrade to the list that reimburse 100% of ATM fees worldwide Quote Link to comment Share on other sites More sharing options...
RickS Posted March 8, 2020 Report Share Posted March 8, 2020 3 hours ago, ragtopman said: Rick....(you do know who this is don't you?) Yep 1 Quote Link to comment Share on other sites More sharing options...
daisy2013 Posted March 8, 2020 Report Share Posted March 8, 2020 Or you can go to Intercam, write a check to yourself and get a good rate. On your BOA account it appears as a cashed check. Yes open an Intercam account. Quote Link to comment Share on other sites More sharing options...
traderspoc Posted March 9, 2020 Report Share Posted March 9, 2020 stop by at lake chapala society and talk with Elizabeth or charlie at the intercam bank booth at entrance of LCS on the right,as you walk in she can give first hand advice for your situation Quote Link to comment Share on other sites More sharing options...
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