Best ways to GET PESOS for your MEXICO TRIP - Avoid costly TOURIST TRAPS & Save $100s

[@TangerineTravels]

Here are some good options for no-foreign-transaction fee credit cards. If you apply after clicking on one of these links, I may get some referral credit: - An Amex Hilton Card. There's a hilton card with NO annual fee and there's an option with a lot of benefits and a significant annual fee. But all have no foreign transaction fees: americanexpress.com/en-us/referral/JORDARx2Px?xl=cp15 - Amex Green Card. Great travel card with good benefits and a reasonable annual fee: americanexpress.com/en-us/referral/JORDAR7bq2?xl=cp15 - Amex Platinum Card. Best of the best travel card with the best benefits in the industry. Substantial annual fee (but well worth it if you travel at least once per year in my opinion): americanexpress.com/en-us/referral/JORDARzMeq?xl=cp15

[@LiveFreeInvesting]

Get a charles schwab bank account. No Foreign transaction and no montly fees

[@scottwilliams6752]

Just a quick note: We are members of AAA Colorado and they will exchange dollars to Pesos for free if you are a member and are exchanging more than $300.

[@hiruu]

Wow, thanks! I’ll have to check that out.

[@aaabbb-py5xd]

What about the reverse from peso to dollars

[@jo4285]

How ?

[@SamanthaJaeLee]

I called AAA in Northern California and they said no they do not provide this service at all. Thought it was too good to be true.

[@scottwilliams6752]

@@SamanthaJaeLee Yep! It depends on the office. And apparently the state. We now live in Mexico and get the best exchange rates with a Charles Schwab debit card at ATMs. They also refund the ATM fee.

[@TangerineTravels]

I did a consultation recently and one of the questions I was asked is what's the best way to get pesos. Then I was talking to my mom who's coming for our wedding and the first question she asked is what's the best way to get pesos. Then I was talking to my dad who's also coming for the wedding and one of his first questions was how to get pesos. Since everyone seems to be asking me this question, I decided to do this video on the best ways to get pesos when coming to Mexico. Please share with someone who may need it!

[@debrarouth855]

And we never convert back to US dollars. We save the pesos for our next trip! 😊

[@SeelKlubber]

Congratulations on getting married. I have followed and watch many of your video's. Happy for you and your lucky bride. All the Best and hope to someday maybe chat over a Cerveza.

[@gabrielgarza8283]

Do a video at the ATM where it’s trying to get you to accept their conversion rate

[@aarongarcia1101]

Don't use an ATM unless its a last resort

[@davidsebastianelli1326]

@@aarongarcia1101 That's not good advice. I use a Charles Schwab debit card. They give you a really good exchange rate and they refund your ATM use fees and don't charge any foreign transaction fee, exchange rate fee or transfer fees if you transfer from bank to bank in the US. I just transfer money as needed from my main bank and I am able to do all of my banking online for free. What method do you use or recommend? Right off the bat most all US banks charge you a 3% foreign exchange rate when you use their cards. Buena suerte!

[@danih8950]

Yes! At least a photo of this "trap" would be super helpful! You could insert the photo into the video for maximum helpfulness.

[@diazpty]

You are totally correct Schwab is the answer. I have a Scwab debit card for several years and use it when overseas. Schwab not only does not charge me for overseas ATM fees but reinmburse me for what the overseas bank charges me for the ATM transaction fee.

[@henryh5120]

Try going to your own bank before you go to Mexico and exchange dollars for pesos

[@ckSport3000]

You can send yourself XOOM, and pick up cash at any Walmart. But only taking $400 or less, just use an ATM and decline any conversion fees.

[@patrickrex6230]

Excelente. Especially the part about withdrawing from an ATM

[@dianelu7027]

Jordan, living in Wisconsin and seeing how happy you are. It has me thinking thinking thinking.

[@jamescadzow9545]

I have a Mexican bank account at Innercam and they're pretty competitive rates but I get better rates at the atm. I'm A Private client of Chase Bank and I get zero ATM fees or international fees. My Amazon prime visa and my Costco Citibank don't charge anything for international fees as well. I hope this helps someone.

[@jarrod499]

Amex has not allowed DCC (dynamic currency conversion) historically. Really nice not having to fight with the vendor / merchant to decline dcc. Of course the vendor needs to take Amex

[@dougsrepair1060]

Good information Jordan. Thanks for that.

[@cindyeverythingcozumel]

Living in Cozumel 17 years full time Decline conversion and get a capital 360 bank and atm card no foreign fees and easy to bank all online!! Easy transfer between usa banks

[@Rhaspun]

I had thought about getting a Capital One account. But I found out my account with Charles Schwab they will refund any ATM fees besides no foreign fees.

[@GreggGordon]

The problem with your credit card option is that many tourist orientated businesses, such as restaurants, have a fee for using a credit card. I'll just my CC at Walmart, Chedraui, hotel, etc.; but not at independent businesses.

[@mattyjproductions6257]

You are my go to Mexico info source. Thanks for the video. Mazatlan here we come!

[@ositofreitas]

In San Diego, the exchange loss at casa de cambios is about 2-3% if you shop around a bit.

[@jena2664]

Charles Schwab how about that. I used it in Oaxaca. Super.

[@Van_The_Man]

At the end of your trip don't exchange out. Just take the Pesos home and keep them.Thus, no transaction fees. Keep them for you next trip to MX..

[@edubb2491]

Haha..this probably a one time trip for my poor but

[@TherealDDC]

Betterment offers the same as Charles swab but they also return the 1% that visa charges

[@williesteele4503]

Good video, but If you had included screen shots or photos of an ATM screen with the button we shouldn't press for crazy fees , that would help. It's always confusing using an ATM in another country and not always understanding the fees charged to you.

[@TangerineTravels]

It will show you a conversion and will have a button for "accept" or "decline". You have to press decline (which may be the red button) when it offers you that conversion.

[@williesteele4503]

Concerning the Charles Schwab Debit card with no International fees etc. Do you have one? do you recommend getting one for international travel? I will be traveling to Europe this year and this card sounds great.@@TangerineTravels

[@davidsebastianelli1326]

When the screen pops up that asks if you accept their exchange rate they hide the option to decline button at the bottom left corner, when all of the other buttons you've used up to this point are on the right! They are sneaky that way too!

[@debrarouth855]

There is another person on KZbin that has a video of the screen. Also note that ATM in Mexico only take a 4 digit pin. I couldn't get money out because I had a 6 digit pin.

[@myriamita]

Does anyone know how Laska is doing? I miss hearing from these two and their four legged kids, especially Laska :)

[@letstacoboutvallarta1498]

I don't pay any of those, except the visa fee. I get the cash at .2-.4 different exchange. To be fair my bank refunds ATM fees, no foreign transaction fees on cash withdrawal.

[@HenryWebb-t4b]

Way too many expat “experts “ who really have no clue

[@rassabossa4554]

I hate it when banks try that conversion scam. Even though I have a Schwab card, I also use a DolarApp card that is available to expats living in Mexico. Transfer money into their US bank for $3.00 and it uses close to the spot rate at that time. When you use it at any MX bank ATM, it will come up with the usual fee for Mexican banks (right now about 71 pesos with a 9000 peso limit) with no conversion scam popping up. I use it to pay my rent in cash.

[@rkevic]

Costco CC doesn't charge a foreign transaction fee and any purchases are at current dollar exchange rates. Other than that i exchange in Mexico because i get a better exchange rate than what most USA banks do.

[@edubb2491]

So..I'll use my Costco CC for bigger purchases.. And pesos for small purchase? Thank you!

[@tawny218]

The resorts we have stayed at will cash checks for free or minor fees.

[@bbrebozo6417]

What about Wise (formerly Transfer wise)? Is their debit card accepted in restaurants? Does Apple Pay using a wise debit card filled with Pesos work in Mexico? If a wise card is inserted into an ATM in Mexico will they assume it contains USD (even if your wise account was converted to pesos)?

[@davidsebastianelli1326]

Schwab is better for everyday use. Wise has fees for things that a Schwab card gives you for free. Wise is good option for larger transaction fees like when buying a house or if you want to exchange large sums of money to take advantage of a good exchange rate but that money just sits there. Google the pros and cons of a Wise card. Buena suerte!

[@alanserjeant4947]

Quite often Credit Unions refund overseas transaction charges on their cards,

[@kevinlong5842]

Finally, a blog that saves me money. Please do one on the medical facilities in Queretaro.

[@39MercFlathead]

Great video Jordan. Absolutely get a no foreign transaction fee card and never accept the ATM conversion rate. Before we got a Mexican bank account t took us a couple weeks to figure this out. But this is excellent advice for tourists and new arrivals.

[@losapriscos7258]

Jordan, how about opening a mexucan account at an associate bank? Transfering money from the U. S. account to the mexican one? Is it competitive?

[@jackjordan8093]

What made you travel channel at hit (MO) was breaking down the price in each restaurant, you have lost this, why?

[@drdream123]

Alot of cards dont have foreign transaction fees (like my USAA and Capitol One). Also ATMs I use have set fees of $47 pesos ($1.75)

[@anna_m59]

Swab card is the best !

[@M.E.McCamishJR]

Thank you for info.

[@RubbingPotatoes]

Atm conversion rate is robbery. Btw can you make a video on banking in mexico and how to transfer usd to pesos for larger sums, such as for an auto or home purchase?? When i wired usd money to my wifes BBVA mxn account they charged fee + % conversion commission.

[@mrpeel3239]

Am confused: is the NFTF credit card to be used for purchases, only, as opposed to cash advances? Both?

[@RickJohnRobinson]

Please add to this the average annual fees for US credit cards that don’t charge a FTF / great video Jordan!

[@TangerineTravels]

There are a lot of no-annual-fee options out there that don't charge a foreign transaction fee. One that I have have, for example, is the no-annual-fee Hilton card. There are 3 personal Hilton Amex Cards. The annual fees range from 0 to 550. americanexpress.com/en-us/referral/JORDARx2Px?xl=cp15

[@edubb2491]

Costco CC is one..no anual fee

[@buff-hq1df]

Hey man I have lived in Tuxpan Veracruz México for 14 years. And I didn't realize that it really matters where you go when using the ATM. The other day we went to the ATM and the bank that we we have that pays good is Citibank. How do you you decline their conversation do you have to go to balances first. I am asked this every time I go to the ATM. I was not aware of this. I always say yes in a fear of God action. But what your saying is that I don't have to except this. HSBC said there conversation was 19 dollars the other day. I excepted out of a fear of God mentally. I am very discouraged with them. Thank you brother

[@Rossy-tf2jh]

Get someone that can read and comprehend to go with you. It will be very simple for them.

[@hildiefuentes5484]

Great info thank you 🎉

[@mariapannakan6491]

Many people are not from the US! So we don’t have partner banks.

[@Nucho350]

I declined the HSBC bank exchange rate their ATM offered but the ATM still dispensed the funds!! Why, to rip you off!!

[@TangerineTravels]

Yep, if you decline the exchange rate, your transaction will still process, it just processes at a much more favorable exchange rate.

[@NicholasJonesCPA]

Get fidelity checking, they reimburse the fees

[@barrykinsey8709]

If you open an account with Mexico based banks like Santander or HSBC, will I still have to pay the fees?

[@calgary1231]

Wise is way less than 2% so I'm not sure where you are getting your figures from. From what can see it was between 0.6-0.7% when i was in Mexico 3 months ago

[@SeelKlubber]

In what countries can you get the Schwab card?

[@eddyg.1311]

USA

[@CATM572]

the mind bogles. i have probably given the Mexican atms 50k over 10 years

[@Rossy-tf2jh]

You should have someone that can read and comprehend go with you. No problem then.

[@edubb2491]

Lmao..so you smart enough to make alot of money

[@USMC-1]

That BIG RED BUTTON really screwed me three times until I found out about this fee. I didnt understand the spanish translation totally so I just accepted the fee and got screwed before I asked around about it!

[@badawg1]

Wise card 🎉🎉🎉

[@JE6A]

Why have the views dropped so much?

[@lcifermorningstar191]

Great advice. Thank you. I go to México at least once a month (Dental Braces). I also have family in México city. I got tired of paying the ridiculous fees for sending money, so I decided to open a BBVA México bank account. I use the border exchange houses that usually charge 1 to 2 pesos fee and cross the border. Then, I deposit it through the ATM free of charge. I gave a México bank credit card from the same account to my sister with a limit of 10,0000 pesos per month. She uses it and I pay it using my phone app for free. Granted BBVA does charge me $35 yearly fee for the card. But that's the cheapest way I have found. When on Vacation I use your no foreign transaction fee credit card method with some cash (Pesos). Now ask me how I cross the border (via car) with only 25 to 45 minute wait in Tijuana.

[@davidsebastianelli1326]

Hola Jordon and May y feliz anos nuevo! At the BBVA where I live in Ensenada the ATM doesn't give you the option to not accept their conversion rate and their ATM usage fees are the highest that I've run into at around $9 to $10us. Last year was the last time I went there and the conversion rate they wanted to give me was 14.91 so I declined and walked over to the HSBC and they gave me 17.41 where the going rate on the XE app at the time was 17.45 and I saved what amounted to $67.42 on a $7000 peso withdrawal. I have a Temporary Resident Visa and was told by a BBVA bank employee that I couldn't open an account there. What I've been doing is just transferring money to my C. Schwab debit card from my main bank as I need it each month and use it to take out the cash I need and it works great. I've been told that it is a good thing to have two bank accounts and do it that way so if your debit card gets hacked, lost or stolen they can steal only the amount that is in that account. BTW- The Citibanamex ATM's that I've used don't give an option to decline but they at least give you a comparable exchange to the going rate. FYI- Mexico is still a cash based society and merchants along with landlords prefer you pay in cash for obvious reasons. Also, I've heard most banks have a limit as to how much cash you are able to withdraw at their ATM's on a daily basis of around $300 to $400us. If the bank you use it one of those, plan ahead when your rent is due. Buena suerte!

[@williesteele4503]

I tried to open a Mexican bank account in Monterrey, Mexico as I used to travel there often. 2 banks declined me. They said I had to be a Permanant resident and have my card to prove it. That option you wrote about unfortunatly is not valid for all people.

[@lcifermorningstar191]

@williesteele4503 There is more ways than one to skin a cat. They also require a México cell phone number. Which I also don't have. And yet I have an active account and credit card from the same Bank. Use your imagination.

[@APRICITY963Hz]

great tips as always Jordan! I haven't been here for a long time. I'm surprised to find you with May. More so, surprised to find you hostin the vlog. You were never chatty - or seemed not to. So you went back to Mexico!

[@FidalgoSwing]

I'm in Coatepec and just went to a ATM for 1000 pesos and there was no decline button on the lower left of the screen...

[@dlsjr123]

I got a Revolut card for my upcoming trip to Mexico. You can add funds for free and convert up to $1000/month fee-free. Plus they don’t charge $9 for the debit card and if I’m not mistaken, more generous at the ATM

[@stephenmorrison3002]

Found a mail order pharmacy in Mexico. I wantJardiance its 500+ in us and the Mexican pharmacy is 69 dollars. Can you trust te medicine/ thanks, love your videos.

[@jandoherty5299]

Thanks that was great information. Truly appreciate it.

[@osbornebay944]

I paid 0.7 % at my local TD bank.

[@kennytrujillo5535]

what about airport banks?

[@TangerineTravels]

I've never used an airport bank, so I'm not sure.

[@davidsebastianelli1326]

If you need pesos when you arrive, only take out what you need to get to your hotel or residence and then go to a local bank's ATM for better exchange rates.

[@TheSlavetoabunny]

None of the three cards I have (none of which have annual fees) do not charge foreign transaction fees. There are a lot of options out there. Shop around.

[@TangerineTravels]

Yeah, there's a lot of options out there. The cards with annual fees are typically my go-to cards because the extra benefits are worth it to me. But everyone has to come to their own conclusions of what's best for them.

[@davidsebastianelli1326]

I tell everyone to get a Charles Schwab debit card!

[@ReyesDChapa-cp1nv]

I reside in south texas, as a mexican pensioner. I use my mexican debit card to paid my consumption in texas, i get a discount of .30 mexican cents for every dolar spent.

[@edwardmoran1739]

Thanks Jordan, home run!

[@cindyk3076]

Good advice!

[@papavaliquette4978]

Thanks a ton ! You have the voice and pase to be a great online instructor

[@munozconnie]

after living in mexico for 2 years you on spot on with your tips...good job jordan...how is May? how is married life?

[@segurosincero4057]

Nicely done. Very helpful.

[@ElreyRayo]

Si

[@patrickruvolo8427]

Amex is best

[@goguled]

Great video

[@MrPdforeman]

Ebay is cheaper

[@gabrielgarza8283]

High quality video: you do some research.

[@andiman45]

and this is why banks hate Bitcoin and crypto

[@MariaGonzalez-vv9xk]

Dont you missing Phoenix, I am living in Yuma AZ. Saludos

[@ej1692]

Charles Schwab + chase visa sapphire is a pretty simple hard to beat combo imo. Wise is cool too if you want to use the card and get the best rate, but for withdrawing money I think Charles Schwab still beats it most of the time.

[@mgwatl1]

Good video, but you should make one for those living in Mexico already, or those with residency who can open Mexican accounts. Thats another minefield! Trying to find whos better for what in that lineup of banks is harder!!

[@halbrookins3232]

Good job.

[@ellena858]

I appreciate this info. It would really help to see a picture of that big red button.

[@markracey3327]

Please talk in a more manly deep voice

[@edubb2491]

Wtf?? Are you insecure to listen to him!😅

[@joeschu7794]

Thanks

[@TangerineTravels]

You're welcome!

[@Halcon_Sierreno]

Americans telling others how best to go to Mexico. That's some colonial mentality there.

[@delinquense]

Come on, Jordzn... A whiteboard? At least an electronic one would be better!

[@TangerineTravels]

What’s wrong with a whiteboard

[@delinquense]

@@TangerineTravels lWe're supposed to be in a digital world. Whiteboards are so old school...sometbing I used in my days. Pretty soon you'll be gong back to OHPs ( Overhead projectors) .

[@kevinwinters5426]

Don’t be a peach

[@homerfantastic]

A power point presentation would be much more professional. 🙃

[@wildcheekymonkey]

good job bud

[@ct4074]

ok, i just won't go. and that's not the only way you'll get ripped off. Tourist traps charge you even more than what you would pay in the U.S.