Tips on Using Money in Mexico!

Tips on Using Money in Mexico!

Tips on Using Money in Mexico!

If the idea of traveling to Mexico with large amounts of cash gives you pause, you're not alone. Many people are reluctant to travel into the country with excessive amounts of money. If the money is lost, you are out of luck - your Mexican car insurance will not help. The right Mexican auto insurance will save you money, though. That being said, Mexican insurance will not reimburse you if someone breaks into your vehicle and steals your cash. How can you use money safely in Mexico? The info below can help.

The Safest Way to Buy Things in Mexico

Without a doubt, credit cards are the way to go when it comes to paying for day-to-day things in Mexico. If you lose your credit card, you can cancel it before too much damage is done; cash can't be replaced. Major credit cards are accepted throughout the country, too. Furthermore, you should be able to enjoy favorable exchange rates when you whip out the plastic. In addition to keeping decent Mexican car insurance with you at all times, credit cards are among the very best ways to protect yourself while you're south of the border.

Using ATMs

It's easy to find ATMs in most parts of Mexico, especially in major cities and resort areas. After all, local businesses want you to have easy access to money. Down there, such machines are called cajeros automticos or cajas permanentes. Many times, the exchange rate that you'll enjoy by using such machines is more competitive than the rate that you'd pay at tourist money changing places. Keep in mind, though, that the machine itself will probably charge you a fee; on top of that, your bank will likely charge you their own fee for using a machine outside of your network. The fees are generally worth it, though, thanks to the convenience of not having to carry large amounts of cash with you.

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