I wrote awhile back about how HSBC, the only bank on Isla, had stopped dealing in any type of foreign currency.
Which means that tourists are left with two choices on how to get pesos once they are on the island. Either take whatever exchange rate you get from the money change booths or use an ATM card to withdraw cash.
I was very perturbed when I used my ATM to withdraw money from my account yesterday. Not only does my bank in the USA charge me a fee for using my card, but now HSBC is charging a fee for the use of their ATM machine!
From now on, if you want to get money out of one of their machines, they charge you a flat fee of 29 pesos. About $2.40 USD!
I'm not sure if the ATMs at 7-11 and the super market do the same thing or not. Rest assured, I will check it out.
I wish another bank would open a branch here on the island and put these robbers out of business.