lakeside7 Posted May 14, 2020 Report Share Posted May 14, 2020 I have noticed that for the past couple of weeks the posted Intercam ex rate for the $US has been less than stellar. The "normal" spread between the "Bank" spot rate and what Intercam offers is about 1 to 11/2 Now I noticed today's "spot rate " of 23.8 ........and Intercam is showing a ex rate of 21. When I questioned the wider spread I was told that the bank has too many dollars..but for a transfer rate they can give you a more attractive ex rate I recall a few years back I had the same experience at Actinver....they were swimming in hard currency and would give you a better rate for a check Quote Link to comment Share on other sites More sharing options...
happyjillin Posted May 15, 2020 Report Share Posted May 15, 2020 We get a better rate for depositing a cheque in our Intercam account. Quote Link to comment Share on other sites More sharing options...
EldonNova Posted May 15, 2020 Report Share Posted May 15, 2020 I got 16.5 Canadian for a Canadian cheque cashed at Intercam. I was very happy with the rate, and overall I am happy with Intercam Banco. Quote Link to comment Share on other sites More sharing options...
sm1mex Posted May 15, 2020 Report Share Posted May 15, 2020 They charge a commission thus results in a lower exchange rate. Quote Link to comment Share on other sites More sharing options...
Kyle Posted May 15, 2020 Report Share Posted May 15, 2020 If you have an account no fee. They also pay interest on an account. I have been very pleased with them Quote Link to comment Share on other sites More sharing options...
John-in-Vallarta Posted May 15, 2020 Report Share Posted May 15, 2020 5 hours ago, Kyle said: If you have an account no fee. They also pay interest on an account. I have been very pleased with them The fee is in the lower rates offered.People like the service better ... and its not free either ... all buried nicely. Quote Link to comment Share on other sites More sharing options...
Kyle Posted May 15, 2020 Report Share Posted May 15, 2020 I have seen no fees on my account and I get a nice interest rate. If you getting charged a fee maybe should discuss it with them Quote Link to comment Share on other sites More sharing options...
michael2595 Posted May 22, 2020 Report Share Posted May 22, 2020 On 5/14/2020 at 4:29 PM, lakeside7 said: I have noticed that for the past couple of weeks the posted Intercam ex rate for the $US has been less than stellar. The "normal" spread between the "Bank" spot rate and what Intercam offers is about 1 to 11/2 Now I noticed today's "spot rate " of 23.8 ........and Intercam is showing a ex rate of 21. When I questioned the wider spread I was told that the bank has too many dollars..but for a transfer rate they can give you a more attractive ex rate I recall a few years back I had the same experience at Actinver....they were swimming in hard currency and would give you a better rate for a check Was there yesterday and there was a 3 peso spread (dollar/peso) I walked into a rep's office and said this is ridiculous and he also said they had too many dollars but if I was depositing a check it would be a 1 peso spread . I got the confirmation today and It was about .77 Quote Link to comment Share on other sites More sharing options...
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