You should always decline their conversion offer and process the transaction normally, but many people don’t know that and just hit accept (see image below). When the ATM asks you if you would like to accept their exchange rate, click DECLINE!!!!!!!!!! I cannot emphasize this enough. HSBC provided money-laundering services of more than $881 million to various drug cartels including Mexico’s Sinaloa cartel and Colombia’s Norte del Valle cartel, which resulted in the heaviest fines ever imposed on a financial institution: $1.9 billion USD. Some banks have been reported to have corrupt business histories in Mexico, such as HSBC or Citi Banamex (owned by US Citigroup): Scotiabank (partnered with Bank of America).The best & lowest fee ATMs to withdraw pesos in Mexico are from well-known national banks such as: I do not suggest using any random ATM you find on the street, as you’ll probably end up paying high service fees to pull out cash. Just remember to tell your bank back home that you’ll be traveling to Mexico so that they don’t try to block your card when you try to pull out pesos. The prompts are in English and Spanish so they are easy to follow. There are usually a TON of different ATMs right as you exit customs at international airports, which is why it really isn’t necessary to exchange money before you travel to Mexico. Afterward, simply get cash from a local ATM to get the best exchange rate possible. We recommend exchanging enough pesos from your home country before your trip to make it through your first day. The best way to get pesos in Mexico for your trip is to use your debit card at an ATM.
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