Mexican Banks Adjust Daily ATM Withdrawal Limits
mexico City - Major Mexican banks, including BBVA, Banco Azteca, Santander, and Banamex, are maintaining varying daily ATM withdrawal limits, generally ranging from $9,000 to $12,500 MXN, though specific amounts depend on the bank and withdrawal method. These limits impact millions of Mexican citizens who rely on ATMs for daily cash needs, notably as digital payment adoption continues to grow.
The differing withdrawal caps are prompting customers to plan ahead, especially for larger transactions. While banks are focused on security and managing operational costs, consumers are navigating a landscape where accessing cash requires awareness of individual bank policies and potential fees for exceeding limits or using ATMs outside their network.
BBVA currently sets a total daily limit of $12,000 MXN, encompassing withdrawals from both its ATMs and affiliated locations like OXXO convenience stores – though OXXO transactions carry per-operation limits and additional charges. Santander offers a daily limit of $12,500.00 MXN for both standard card withdrawals and cardless withdrawals.
Banorte allows up to $9,000.00 MXN per day for cash withdrawals at its own ATMs (equivalent to 1,500 UDIS). HSBC customers can access up to $9,500.00 MXN daily using their debit cards at HSBC ATMs.
ItS crucial to note that withdrawal limits can change when using ATMs from other banks (MULTIRED network), where the card-issuing institution determines the maximum amount. Banco Azteca’s specific limits were not detailed in available facts but are expected to fall within the general range established by other major institutions. Customers are advised to check directly with their bank for the most up-to-date information regarding their individual withdrawal limits and any associated fees.
