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ATM machines only dispensing USD??

Seattle, WA
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114 posts
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ATM machines only dispensing USD??

We arrived in Cabo on Sunday and we’re staying at Marina Fiesta Resort. Yesterday I went to get some cash (pesos) and noticed that all of the ATMs are dispensing only USD. Is there a reason for this? I’m going to try to find a bank today to see if their ATMs are the same. Any information is appreciated.

Sandy

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Cabo San Lucas
Cabo San Lucas
Los Cabos, Mexico
Marina Fiesta Resort & Spa
Marina Fiesta Resort...
3,411 Reviews
Cabo San Lucas, Mexico
19 replies to this topic
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1. Re: ATM machines only dispensing USD??

I used the Bank of Nova Scotia at the Puerto Paraiso mall and the HSBC at the Wal-Mart mall for pesos.

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Puerto Paraiso Mall
Puerto Paraiso Mall
242 Reviews
Cabo San Lucas, Mexico
Seattle, WA
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114 posts
14 reviews
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2. Re: ATM machines only dispensing USD??

The Puerto Paraiso mall is right next door. I’ll try that. Thank you!

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Puerto Paraiso Mall
Puerto Paraiso Mall
242 Reviews
Cabo San Lucas, Mexico
Springfield...
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3. Re: ATM machines only dispensing USD??

You must have seen the Cashola machines. They are super expensive on their transaction fees. Depending where you're at, the fee can be from $20-$40 US. I noticed that most of them around the marina had a bank name on the side but when you looked at the very front of the machine it said Cashola on it. Use an actual bank ATM for the lowest fees and best rates. CI Banco in front of Tesoro Hotel has the lowest transaction fee of 17.40 pesos. Inside the casino it was 109.7 pesos.

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Tesoro Los Cabos
Tesoro Los Cabos
2,223 Reviews
Cabo San Lucas, Mexico
Saint James, New...
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4. Re: ATM machines only dispensing USD??

There are some good ATMS for Pesos at the Walmart Shopping Center. Use the ones in Walmart, or at one of the Banks in that shopping Center.

The ATM as you Exit the Walmart shopping center gives USD. The Ones in Walmart and the banks ATMS give Pesos.

Edited: 21 February 2018, 03:25
Seattle, WA
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114 posts
14 reviews
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5. Re: ATM machines only dispensing USD??

We used the Scotia Bank ATM last night and it dispensed pesos. The fees were about $5 at most. We’ll keep using that ATM as needed. Thanks for the recommendations!

Stanwood, Washington
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6. Re: ATM machines only dispensing USD??

Do not use the machines that dispense US$. They use an inflated exchange rate and it will cost you a lot (depends on how much you withdraw. up to $60 in my case). This is different than the ATM fee and is not disclosed to you. Any of the machines at the banks will give you Pesos at reasonable rates. That is what I use now.

Bryan, Texas
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7. Re: ATM machines only dispensing USD??

Will the resorts exchange USD to Pesos?

Washington State
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for Yosemite National Park
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8. Re: ATM machines only dispensing USD??

Dokatatex ~ some of them will.

Austin, Texas
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9. Re: ATM machines only dispensing USD??

My resort claims that they are no longer able to because of recent legislation.

Saint James, New...
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10. Re: ATM machines only dispensing USD??

CMomAustin.....Which resort is Your Resort?

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