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Intercam question Posted by Daniel H on July 31, 2023, 10:15 am When you are about to move USD or CAD to your Intercam checking / peso or investment account how do you check the rate at which it will be exchanged? Is that accurate as to what occurs?

Re: Intercam question Posted by Dan Brown on July 31, 2023, 10:27 am, in reply to "Intercam question" Daniel, I usually call my rep and tell him that I am moving funds, "what's the rate?". I believe he can lock it in for you for a short period of time. It is usually a better rate than what is posted on the site. Dan

Re: Intercam question Posted by Daniel H on July 31, 2023, 10:48 am, in reply to "Re: Intercam question" Got a link to the page you check? is it this one? https://www.intercam.com.mx/stock-market-info/?lang=en Do you go to other exchange rate sites to compare the Intercam information? For example XE gives https://www.xe.com/currencycharts/?from=USD&to=MXN&view=12h 1 USD = 16.726 MXN Jul 31, 2023, 16:36 UTC The Intercam site quotes a little less 16.7212 When you call your agent do you ever ask for a better rate than their first quote? I have found that helpful, especially when moving a large amount.

Re: Intercam question Posted by Lola G on July 31, 2023, 10:52 am, in reply to "Re: Intercam question" The Intercam-melaque rate is in a special zone according to their representatives and that dictates their exchange rate. It can be higher or lower than what's posted on the Intercam website. I call or pop in when I'm in melaque to get the answer to the question you're asking.

Re: Intercam question Posted by Dan Brown on July 31, 2023, 12:53 pm, in reply to "Re: Intercam question" I don't usually compare, but depending on the amount, sometimes they can move it a little. I think it depends on your standing with the bank.

Re: Intercam question Posted by Lola G on July 31, 2023, 2:14 pm, in reply to "Re: Intercam question" It doesn't fluctuate with your standing with the bank. It does fluctuate with your method of exchange. Typically exchange rate for bills is lower than exchange rate for checks or bank transfer.

Re: Intercam question Posted by david c on August 1, 2023, 8:13 am, in reply to "Re: Intercam question" If I recall INTERCAM charges a flat fee of $9 amn for a transfer, plus 16% IVA on the $9 plus they take their cut on the exchange rate. So if the rack rate is 17 they may give you 16.6 or so. I researched this concept a few years ago and at that time the best exchange rate plus lowest cost was TRANSFERWISE, (now called WISE). If you have lots of pesos this is the time to buy $ dollars amn and move those $ to the states. Hope this helps.

Re: Intercam question Posted by Pablo on August 2, 2023, 12:45 am, in reply to "Re: Intercam question" I second david c's advice about WISE. Their exchange rate is amazing and they have low transaction fees. Have been using WISE for a couple of years now to pay for our house rental in town (hot tip from Liat).

Re: Intercam question Posted by Erin S on August 2, 2023, 4:02 pm, in reply to "Re: Intercam question" Personally, I use XE transfer which I consistently found gives a slightly better rate of exchange, I purchase pesos in Canada with CAD $ and send them directly to Intercam, what gets deposited into the account is equal to what was sent. I have tried many different methods over the years, this is the easiest and has the best rate!!!

Re: Intercam question Posted by Renee on August 2, 2023, 4:46 pm, in reply to "Re: Intercam question" Yep I also use WISE. I find this exchange rate be very competitive and the interface pretty easy

USD to Banamex Posted by Daniel H on August 3, 2023, 4:57 pm, in reply to "Intercam question" Just got my social security deposited directly to my Banamex account @ 17.2529 03 Ago 2023 12:25:43 XE.com shows 1 USD = 17.3306 MXN Aug 3, 2023, 4:40 pm (22:40 UTC) https://www.xe.com/currencycharts/?from=USD&to=MXN&view=12h Compare with Intercam USD to pesos exchange rate asap please and give your source (verbally or link)

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