tag:blogger.com,1999:blog-8720309854271094186.post1299304076134596018..comments2024-03-27T02:53:34.971-07:00Comments on Living and Boondocking in Mexico: Ex-Pats In Mexico and Moneyliving.boondockingmexicohttp://www.blogger.com/profile/17157433834193440923noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8720309854271094186.post-56895594532261537592017-11-02T13:50:52.142-07:002017-11-02T13:50:52.142-07:00I have found that the exchange rate on ATM withdra...I have found that the exchange rate on ATM withdrawals is the absolute best available. You get something very close to the interbank rate, and that's impossible with any other form of buying the currency. Based on posts by other bloggers, I believe the Mexican banks charge among the worst fees to convert to pesos. So if you had your Social Security deposited to a Mexican bank, you could easily expect a monthly rape on the rate. Credit cards are a close second in terms of good FX, especially if you get a card marketed to overseas travelers. <br /><br />While living in CDMX, I always paid my rent in cash and my landlord appreciated it. <br /><br />Saludos,<br /><br />Kim G<br />Redding, CA<br /><i>Where we miss the colorful Mexican money.</i>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8720309854271094186.post-44366422940844219312017-10-30T01:16:58.229-07:002017-10-30T01:16:58.229-07:00Do the Mexican banks still charge the 3 percent ID...Do the Mexican banks still charge the 3 percent IDE tax (cash deposit tax) on the sum of monthly cash deposits in a client's bank account above 15,000 pesos? Beach has four retirement funds and I have three retirement funds automatically deposited to our US checking account; could those seven monthly deposits be rerouted to a Mexican bank account without paying the "cash deposit tax?" Also, do Mexican banks provide guaranteed replacement of funds due to fraud in the account? Dee Tillotsonhttps://www.blogger.com/profile/01602508098099644096noreply@blogger.comtag:blogger.com,1999:blog-8720309854271094186.post-1530837165824413622017-10-29T18:57:01.343-07:002017-10-29T18:57:01.343-07:00Well said, and it certainly makes a lot of sense!
...Well said, and it certainly makes a lot of sense!<br /><br /><a href="http://www.travelwithkevinandruth.com" rel="nofollow">www.travelwithkevinandruth.com</a>Ruthhttps://www.blogger.com/profile/18136052866820208847noreply@blogger.com