Currency v Travellers Cheques-Dollars/Pesos

Head Honcho · 04-11-2007

I know this question is asked often but things change.
What at present is the best option ?
Should I bring Dollars, Pounds or Pesos and are travellers Cheques easy to cash?
I have an account here in the UK that allows me to withdraw money straight from the ATM. Is this a good option?
Thanks in advance

Jodeci · 04-11-2007

We always take pesos or get them down there at the ATMs. It is convenient and makes the most sense. Since you are from the UK it makes no sense to get US dollars when the currency is pesos.

**Heather** · 04-11-2007

And travelers checks can be a pain in the neck to cash in some locations, too. The cashiers are VERY picky about the signatures, any creases in the checks, and even the color of the ink.

geordiegirl · 04-11-2007

Quote:

Originally Posted by Head Honcho

I know this question is asked often but things change.
What at present is the best option ?
Should I bring Dollars, Pounds or Pesos and are travellers Cheques easy to cash?
I have an account here in the UK that allows me to withdraw money straight from the ATM. Is this a good option?
Thanks in advance

hi we are also traveling from england and was thinking the same thing have been advised that pesos and use the cash machine, we normally always take travellers but been advised not to cause they are more bother than they are worth hope this helps

**Heather** · 04-11-2007

I just read in the newspaper today about 2 subjects who were detained here for counterfeiting and trying to cash traveler's checks, in the amount of 17 million pesos. The bogus checks looked pretty good, too. Maybe that's why they're so careful?

Bluespicker · 04-11-2007

We prefer to use the ATM's to get pesos. This trip our hotel didn't take plastic so we brought TC's to pay for our stay. We bring some extra TC's just in case but ATM's are the way to go IMO.

CarinDale · 04-11-2007

My hubby was going to get travelers checks, but i told him to just plan on using the ATM's... are there plenty of them down there? (just in case one breaks down)

**Heather** · 04-11-2007

Quote:

Originally Posted by CarinDale

My hubby was going to get travelers checks, but i told him to just plan on using the ATM's... are there plenty of them down there? (just in case one breaks down)

lots and lots of ATMs here, no worries!

aoflaherty · 04-11-2007

We ususally take just enough cash for tips to get by the first day and then use the ATM. We also usually bring a small amount of traveler checks just in case the ATM's are on strike for a day

Or we simply can't remember our pin

Head Honcho · 04-11-2007

Thanks everyone.
A few tips there but I'm still undecided

cjgans · 04-11-2007

Quote:

Originally Posted by aoflaherty

We ususally take just enough cash for tips to get by the first day and then use the ATM. We also usually bring a small amount of traveler checks just in case the ATM's are on strike for a day

Or we simply can't remember our pin

that's exactly what we do too...

nnkd · 04-11-2007

The best way I found with the best exchange rate was to use my debit card to get funds at the ATM. Be sure you check with you bank to find out if there are any fees for doing this and also it helps to let them and any credit cards you may use know that you will be in Mexico so there will be charges from there

And always take a back up method so that you will have cash available no matter what.....

Quote:

Originally Posted by Head Honcho

I know this question is asked often but things change.
What at present is the best option ?
Should I bring Dollars, Pounds or Pesos and are travellers Cheques easy to cash?
I have an account here in the UK that allows me to withdraw money straight from the ATM. Is this a good option?
Thanks in advance

Dijo · 04-11-2007

backup TC's yes. The current fee posted at the banks in Playa are $3.00 per transaction and that's exactly what we paid in January/February. Since returning, we received a notice from our bank stating they "might" institute a fee of 1% in addition to this.

We use TD Canada Trust.

JEZ · 04-11-2007

Some cash as a reserve, and ATM machines are the only way to go IMHO

queencityfan · 04-11-2007

Another vote for the ATM's, I love punching the 3000 peso button, makes me feel rich!

04-11-2007	#1 (permalink)
Head Honcho way into it Join Date: Mar 2007 Location: South Wales Posts: 216	Currency v Travellers Cheques-Dollars/Pesos I know this question is asked often but things change. What at present is the best option ? Should I bring Dollars, Pounds or Pesos and are travellers Cheques easy to cash? I have an account here in the UK that allows me to withdraw money straight from the ATM. Is this a good option? Thanks in advance

04-11-2007	#13 (permalink)
Dijo life=playa Join Date: Dec 2005 Posts: 932	ATMs definitely... backup TC's yes. The current fee posted at the banks in Playa are $3.00 per transaction and that's exactly what we paid in January/February. Since returning, we received a notice from our bank stating they "might" institute a fee of 1% in addition to this. We use TD Canada Trust.

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04-11-2007	#2 (permalink)
Jodeci life=playa Join Date: Jan 2005 Location: Halifax, Nova Scotia Posts: 901	We always take pesos or get them down there at the ATMs. It is convenient and makes the most sense. Since you are from the UK it makes no sense to get US dollars when the currency is pesos.

04-11-2007	#3 (permalink)
Heather Staff Join Date: Jan 2003 Location: Playa del Carmen Posts: 9,042	And travelers checks can be a pain in the neck to cash in some locations, too. The cashiers are VERY picky about the signatures, any creases in the checks, and even the color of the ink.

04-11-2007	#5 (permalink)
Heather Staff Join Date: Jan 2003 Location: Playa del Carmen Posts: 9,042	I just read in the newspaper today about 2 subjects who were detained here for counterfeiting and trying to cash traveler's checks, in the amount of 17 million pesos. The bogus checks looked pretty good, too. Maybe that's why they're so careful?

04-11-2007	#6 (permalink)
Bluespicker añejo Join Date: Dec 2005 Location: Rural Mankato,Minnesota Posts: 2,521	We prefer to use the ATM's to get pesos. This trip our hotel didn't take plastic so we brought TC's to pay for our stay. We bring some extra TC's just in case but ATM's are the way to go IMO.

04-11-2007	#7 (permalink)
CarinDale way into it Join Date: Mar 2007 Location: Racine WI Posts: 222	My hubby was going to get travelers checks, but i told him to just plan on using the ATM's... are there plenty of them down there? (just in case one breaks down)

04-11-2007	#9 (permalink)
aoflaherty way into it Join Date: Feb 2003 Posts: 201	We ususally take just enough cash for tips to get by the first day and then use the ATM. We also usually bring a small amount of traveler checks just in case the ATM's are on strike for a day Or we simply can't remember our pin

04-11-2007	#10 (permalink)
Head Honcho way into it Join Date: Mar 2007 Location: South Wales Posts: 216	Thanks everyone. A few tips there but I'm still undecided

04-11-2007	#14 (permalink)
JEZ añejo Join Date: Jan 2004 Location: At the Beer Bucket, Playa Del Carmen Posts: 3,465	Some cash as a reserve, and ATM machines are the only way to go IMHO

04-11-2007	#15 (permalink)
queencityfan añejo Join Date: Jul 2005 Location: Cincinnati, Ohio Posts: 1,696	Another vote for the ATM's, I love punching the 3000 peso button, makes me feel rich!

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