Travel · Latin America
🇲🇽Mexico
ATM fees are high and DCC traps are common — always pay in Pesos.
Mexico has high ATM fees and aggressive DCC practices. ATMs from Banamex, Santander, and HSBC Mexico often charge MX$50–150 per foreign withdrawal plus the card's forex fee. Always decline DCC — some ATMs present this as the only option. Zero-forex cards are essential.
Best cards for Mexico
ATM guide
BBVA (Bancomer), Citibanamex, and Santander México ATMs are the most reliable for foreign cards. Many charge MX$50–150 per foreign withdrawal. Avoid airport exchange and airport ATMs — rates are significantly worse. 7-Eleven ATMs (Serfin) are reliable with competitive fees.
Card acceptance
Variable. Tourist areas (Cancún, CDMX, Playa del Carmen) have good card acceptance. Local restaurants, local markets, and smaller towns are largely cash-only. Always have cash for non-tourist-area travel.
Money tips for Mexico
Always choose to pay in MXN (Pesos) — DCC is aggressively marketed at ATMs and card terminals.
BBVA (Bancomer) ATMs have the widest network and are generally reliable for foreign cards.
Avoid changing money at airport exchange desks — rates are 8–15% below mid-market.
7-Eleven ATMs use Serfin network and often have reasonable foreign card fees.
When travelling outside major tourist areas, always have MX$500–1,000 in cash.
Cards and options to avoid
Travelex
airport ATMs and exchange
Frequently asked questions
Cash in Mexico
Local restaurants, transport, and markets require cash. MX$500–1,000 per day for everyday expenses.
Local currency
Wise Card
Mid-market rate with transparent fees — one of the lowest true costs for spending abroad.