New ATM fees for Mexico

As of May 5th banks in Mexico are charging for ATM withdrawals and balance inquiries when using a card from a different bank. This applies to Mexicans and foreigners.

Each bank will determine rates implying there will be competition but that is yet to be seen. According to information supplied by banks the rates will be ranging from 15 to 36.36 pesos per cash withdrawal, and 4 and up to 10 pesos for a balance inquiry. The ATM machines are supposed to let you know the fee of your transaction before you continue.

For Expats in Mexico it would make sense to always withdraw your daily maximum and even try to up your daily limit through your home bank. Some people can withdraw as much as 10,000 pesos per day from Banamex.

Bancos transparentarán cobro de comisiones en cajeros automáticos

Banamex 7.5 peso charges

I've seen the "warnings" come and go on various ATM machines for over 6 months ... but yesterday was the first time I had to choose ACCEPT the extra charges to continue. Other banks have had these charges for several years. 70 cents is not much but is per withdrawal so makes sense to withdraw the max.

It hasn't been processed thru my bank yet so don't know how/if the fee will show. Probably just as a larger withdrawal than $5000 pesos