Lowest ATM Withdrawal Fees in Mexico at BanCoppel (2022)
November 11, 2022 | Tagged: Mexico, Travel Advice
BanCoppel has probably the lowest ATM withdrawal fees in Mexico for 2022
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For the traveller, finding a bank with free ATM withdrawals is a never-ending mission. Mexico is no exception.
There are no banks which offer Free ATM Withdrawals in Mexico.
Of course, I am not talking about using a Banorte bank card at the Banorte bank. I am talking about using a card issued in Europe or anywhere else other than Mexico or even at another Mexican bank.
Last year, the ATM withdrawal fees at Banorte were 42 Pesos.
At Santander earlier this year, they were 36 Pesos.
I tried once at the BBVA and the withdrawal fees were a whopping 174 Pesos.
For the purpose of this blog post, 1 USD is approximately 20 Pesos.
In June earlier this year the ATM withdrawal fees at BanCoppel were just 18 Pesos. Now they are 29 Pesos.
This is probably one of the best options for the traveller.
Why?
Because you can find BanCoppel everywhere, the ATMs accept both VISA and MASTERCARD and accept cards issued abroad.
There are supposedly banks with even cheaper ATM withdrawal fees but you have to search hard to find them. The Banjercito for example, but they are nowhere near Roma Norte or anywhere where the traveller is likely to find themselves and there are reports on Google Maps saying that the ATMs swallow your cards.
Inbursa was said to have a withdrawal fee of just 15 Pesos but I went to the branch on Orizaba and the ATM just didn't give me my money, no reason given.
Whether the ATM was out of cash or didn't have any paper to print out the receipt (this happened in Kenya as the transaction couldn't be completed as there was no paper left and didn't give me any money. I tried again immediately and opted for no receipt and I got my money with no problems) I can't say.
Travellers don't need to be confronted every time they use the ATM, with the possibility of the ATM swallowing their bank card.
If the ATM swallows your card, it is automatically destroyed. And getting a bank to ship the card abroad is almost impossible these days.
High street banks in the UK at least do not ship cards to an address other than what is registered on the account and I had a fight with DHL last year as they refuse to ship unsigned bank cards.
Thankfully, things are a little different now with online banks like Revolut and Monzo.
So I can confirm that the withdrawal fees at the BanCoppel bank in Mexico are 29 Pesos. This was with a Mexican VISA debit card, a UK Monzo MASTERCARD credit card and a UK Revolut VISA credit card.
Happy Banking.
If you have found an ATM that works with a non-Mexican bank card and offers free withdrawals or less than 29 Pesos in Mexico, please let me know.
I need intel based on personal experience, not from a friend of a friend and I don't need info from a blog post written 2 years ago. So many things have changed!!!
There are no banks which offer Free ATM Withdrawals in Mexico.
Of course, I am not talking about using a Banorte bank card at the Banorte bank. I am talking about using a card issued in Europe or anywhere else other than Mexico or even at another Mexican bank.
Last year, the ATM withdrawal fees at Banorte were 42 Pesos.
At Santander earlier this year, they were 36 Pesos.
I tried once at the BBVA and the withdrawal fees were a whopping 174 Pesos.
For the purpose of this blog post, 1 USD is approximately 20 Pesos.
In June earlier this year the ATM withdrawal fees at BanCoppel were just 18 Pesos. Now they are 29 Pesos.
This is probably one of the best options for the traveller.
Why?
Because you can find BanCoppel everywhere, the ATMs accept both VISA and MASTERCARD and accept cards issued abroad.
There are supposedly banks with even cheaper ATM withdrawal fees but you have to search hard to find them. The Banjercito for example, but they are nowhere near Roma Norte or anywhere where the traveller is likely to find themselves and there are reports on Google Maps saying that the ATMs swallow your cards.
Inbursa was said to have a withdrawal fee of just 15 Pesos but I went to the branch on Orizaba and the ATM just didn't give me my money, no reason given.
Whether the ATM was out of cash or didn't have any paper to print out the receipt (this happened in Kenya as the transaction couldn't be completed as there was no paper left and didn't give me any money. I tried again immediately and opted for no receipt and I got my money with no problems) I can't say.
Travellers don't need to be confronted every time they use the ATM, with the possibility of the ATM swallowing their bank card.
If the ATM swallows your card, it is automatically destroyed. And getting a bank to ship the card abroad is almost impossible these days.
High street banks in the UK at least do not ship cards to an address other than what is registered on the account and I had a fight with DHL last year as they refuse to ship unsigned bank cards.
Thankfully, things are a little different now with online banks like Revolut and Monzo.
So I can confirm that the withdrawal fees at the BanCoppel bank in Mexico are 29 Pesos. This was with a Mexican VISA debit card, a UK Monzo MASTERCARD credit card and a UK Revolut VISA credit card.
Happy Banking.
If you have found an ATM that works with a non-Mexican bank card and offers free withdrawals or less than 29 Pesos in Mexico, please let me know.
I need intel based on personal experience, not from a friend of a friend and I don't need info from a blog post written 2 years ago. So many things have changed!!!
