ATM Fees Mexico - 14 Banks Tried and Tested

Updated: Febraury 27, 2025 | Tagged: Mexico, Travel Hacks, ATM Fees

ATM fees in Mexico range from 22.04 pesos (the lowest), at the Inbursa Bank, to 197.20 pesos (the most expensive), at the BBVA Bank.

This blog post details the ATM fees at 14 banks in Mexico City.

Mexico ATM Fees 2025:

Inbursa - 22.04 pesos
BanBajio - 23.20 pesos
Banca Mifel - 26.68 pesos
BanCoppel - 29 pesos
Banamex - 30.74 pesos
Santander - 34.80 pesos
Banorte - 58.00 pesos
Multiva - 67.28 pesos
HSBC - 74.24 pesos
Banregio - 81.20 pesos
Banco Azteca - 115 pesos
Intercam - 116 pesos
Afirme - 162.40 pesos
BBVA - 197.20 pesos

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Scroll down to read more details about the ATM fees!

Inbursa bank has the cheapest ATM withdrawal fee in Mexico at just 22.04 pesos. Banbajio has the 2nd lowest ATM fees in Mexico at 23.20 pesos. Banca Mifel charges 26.68 pesos.

The best ATM to use in Mexico is probably Banamex as it's the cheapest of the most popular banks in Mexico.

You should definitely avoid the BBVA bank when in Mexico as the ATM fee here is an incredible 197.20 pesos. That's almost 10 USD per withdrawal.

I used a UK-issued Mastercard and VISA from Monzo, Revolut, Wise and Chase to check the fees.

The currency in Mexico is the Mexican peso. The ISO is MXN and the symbol is the $, so do not assume it is $ for USD Dollars. You are in Mexico.

Notes are available in denominations of 500, 200, 100, 50 and 20 pesos. The 500 and 200 peso notes are printed on cotton paper and the 100, 50 and 20 peso notes are made from polymer. There are 2 versions of the 500, 100, 50 and 20 peso notes in circulation.

Coins can be found in denominations of 5, 10, 20 and 50 centavos (cents) though you'll have to be pretty lucky to find the 5, 10 and 20 ones. The larger coins are worth 1, 2, 5 and 10 pesos.

The Mexican peso is the currency used in Mexico

How can I avoid ATM fees in Mexico?:

The ATM Fee is the fee associated with the ATM that you are using. Not the fees charged by your bank or any conversion fees, the withdrawal fee, nothing more, nothing less.

Ordinarily, there are no ATMs in Mexico with free withdrawals, but apparently, if you bank with HSBC at home, there is some deal that allows you to get free withdrawals at HSBC ATMs in Mexico. This is one way to avoid ATM fees in Mexico.

Scotiabank also has some agreements with Canadian customers. For those of you from the USA, you can open a Charles Schwab account, and withdrawal fees are reimbursed.

But these examples above do not apply to most of us. I am hit with withdrawals every time, so the best strategy is to avoid using the ATMs with high withdrawal fees like BBVA, Afirme, Intercam and Banco Azteca.

I have seen on forums where others are stating that the withdrawal fees differ depending on where you are. I used the ATMs in Mexico City Airport and have found them the same as any ATM across Mexico City, from Roma Norte to non-tourist zones and other cities, too.

So, the best way to avoid ATM fees in Mexico and countries across the globe is to pay for everything with your bank card. Sometimes, establishments add a commission though this is actually forbidden in Mexico. This was quite common in Zipolite. And your alternative, rely on an ATM that has a high fee and is rarely refilled. There is sometimes no escaping fees and commissions.

Sometimes, I send myself cash using Western Union or Ria Transfer (BanCoppel charged me 180 pesos for the privilege). But since I now have residency and can finally have a bank account here, WISE gets you the best deal. the money is in my account within seconds. With Ria Transfer, the money took 12 hours to appear!

Tips for using the ATM in Mexico:

ATMs are known locally as a Cajero Automático.
Location: Always use the ATM that is at the bank. Card skimmers can be added to the ATM that steal your details and PIN. ATMs at the bank are checked by bank staff more regularly than stand-alone ATMs at your local convenience store.
Common sense: It goes without saying but do not use ATMs at night.
Timing: Try to avoid using the ATM on a weekend, on a Friday night or after payday and equally, not on a Morning morning. ATMs might have run out of cash.
Decline Conversion: Some ATMs offer an in-bank conversion. This is a rip-off. Always decline the conversion. The transaction won't be cancelled. I accepted the conversion once and it cost me £10.

Is it safe to use the ATM in Mexico?:

Common sense: It goes without saying but do not use ATMs at night.
Make sure you check the ATM hasn't been tampered with
Always use the ATM inside the bank whenever possible

1. Inbursa:

Inbursa has the lowest ATM in Mexico at just 22.04 pesos. I used the Inbursa ATM successfully with a UK-issued Revolut Visa card inside the Sanborns store near Hospital General / Centre Medico in Mexico City.

ATMs at other Sanborns stores rejected my card. Yes, the fees are the lowest but to be honest, they are unreliable. Even the ATM at the bank on Orizaba in Roma Norte didn't work for me.

The fee is still correct as of March 10, 2025.

2. BanBajío:

Banbajio ATM fees Mexico: 23.30 pesos. I used my UK-issued MASTERCARD at the BanBajio bank near the Cuauhtémoc metro.

A good option but you will be hard pushed to find one.

Fee still correct as of October 17 2024.

3. Banca Mifel:

Banca Mifel ATM fees Mexico: 26.68 pesos. New for this blog post. Banca Mifel pushes BanCoppel down into 4th place. You won't find many Banca Mifel ATMs while travelling in Mexico City. I used the one on Av. Nuevo Leon in Condessa but there is one on Reforma too.

Fee still correct as of October 17 2024

4. BanCoppel:

Bancoppel ATM fees Mexico: 29 pesos. I have successfully used the BanCoppel ATM with UK-issued VISA and MASTERCARD cards. The withdrawal fee at Bancoppel ATMs is still correct as of December 11, 2024

Bancoppel is a great option because they are located inside the BanCoppel stores, but you won't find them everywhere.

5. Banamex:

Banamex ATM fees Mexico: 30.74 pesos. I checked the Banamex ATM on Avenida Alvaro Obregon in Roma Norte, Mexico City. The fee is still correct as of February 5, 2025.

Banamex is the best ATM to withdraw money from in Mexico as it is much more common than the ones listed above and the fee is still low.

Citibanamex was one of Mexico's largest commercial banks. It was formed in 1884 from the merger of two banks, Banco Nacional Mexicano and Banco Mercantil Mexicano. In August 2001 Banamex was bought by US investment bank Citi.

At the end of 2024, Citibanamex announced it would continue operations as two separate entities; Grupo Financiero Banamex and Grupo Financiero Citi México. Banamex is for regular customers and Citibank for businesses.

6. Santander:

Santander ATM fees Mexico: 34.80 pesos. I checked the Santander ATM near the Cuauhtémoc metro in Mexico City, but you'll find them all over. Someone sent a message to say that the Santander fee is now (May 2024) 78 pesos. But I checked, and the fee as of October 10, 2024, is still 34.980 pesos for me, at least. Maybe the ATMs in the supermarkets have an extra commission. I only use the ATMs at the banks.

7. Banorte:

Banorte ATM fees Mexico: 58.00 pesos. I used the Banorte ATM on Avenida Alvaro Obregon in Roma Norte. The fee is still correct as of October 10, 2024.

8. Multiva:

Multiva bank ATM fees Mexico: 67.28 pesos. I checked the Multiva ATM with my UK-issued Revolut Visa card. I tried to use my Mastercard but my attempt was declined. Unsure if it's an issue with Mastercard or just my account.

They are mostly stand-alone ATMs found in hospitals and pharmacies. The withdrawal fee at Multiva ATMs is still correct as of December 11, 2024.

9. HSBC:

HSBC bank ATM fees Mexico: 74.24 pesos. This is the fee in Roma Norte in Mexico City as of October 10 2024. Yes, it's gone up since I last checked back in March.

10. Banregio:

Banregio ATM fees Mexico: 81.20 pesos. You won't find many Banregio ATMs in Mexico City but it's worth adding to make the list more complete. I checked the Banregio ATM on Av. Paseo de la Reforma.

11. Banco Azteca:

Banco Azteca ATM fees Mexico: 115 pesos. Increased from 34.80 pesos November/December 2024.

Checked using UK-issued Mastercard, December 3 2024.

Banca Azteca ATM showing withdrawal fee 115 pesos

12. Intercam:

The Intercam Banco ATM fees Mexico: 116 pesos. I went to the one on Rio Tigris, not far from the The Angel of Independence in CDMX. There is another one in Polanco. Other than that, you'll be hard-pressed to find one. The withdrawal fee is not favourable anyway.

I checked this on October 17, 2024.

13. Afirme:

Afirme ATM fees Mexico: 162.40 pesos. I went to the one Av. Paseo de la Reforma, not far from The Angel of Independence. With such a high fee, it's another one to avoid.

I checked this on October 23, 2024.

Afirme ATM in Mexico City showing ATM withdrawal fee

14. BBVA:

The BBVA ATM has Mexico's most expensive withdrawal fee at 197.20 pesos. Avoid withdrawing money from BBVA ATMs!

197.20 pesos (as of January 2025) per withdrawal at the BBVA ATM in Mexico City:

bbva atm fees of 197.20 pesos as of January 2025 in Mexico

ATM Fees Mexico - 14 Banks Tried and Tested