Getting the best rate in Cancun
Cancun Money Info
The best rate by far is to use the ATM machines just like you would at home. I was always pleasantly surprised when I returned home to find that the rate I got was far better than I could have got anywhere in Cancun. Now that I live here but still partially bank in England I still use the ATM. Check with your bank before you go regarding charges, but bear in mind that you will avoid the commission charges and/or reduced rate that you will find in Cancun.
ATM machines are located everywhere, most of the large hotels will even have their own. In some places, however, they are not filled as regularly as they could be and you may find that they have run out of money.
Since July 2004 the ATM machine will tell you that there is a charge for using them, however, I am pretty sure that if you are withdrawing from a non Mexican bank account you will not be charged, at least my UK bank account has never shown the charge. Some of the ATM's inside hotels and convenience stores do charge (for the benefit of the store/hotel owner), so I would stick to ATM's provided by banks or large supermarkets.
One more tip, downtown many of the ATM machines will only dispense
3,000 pesos at a time. If you need more than this then simply put
your card in again and, providing your home bank daily withdrawal
amount is not reached, then you will be able to get more cash. In
the Hotel Zone many of the machines allow a 5,000 peso withdrawal
in one go, and some (but not all) will offer an option to withdraw
your money in US Dollars.
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