If you are preparing for your next trip to Mexico and have used traveler’s checks in the past, please be aware that Royal Resorts is no longer accepting US dollar traveler’s checks and plan accordingly for your trip.
This policy change is due to important banking sector reforms in the United States now affecting financial institutions in Mexico and many other countries. US banking laws regulating overseas dollar payments form part of the Federal Government’s ongoing crackdown on money laundering and controls are tighter than ever. Many US banks are no longer offering US dollar traveler’s checks and their international banking partners have been forced to take measures accordingly.
The bank Royal Resorts uses for dollar payments and deposits no longer accepts US dollar traveler’s checks. This is also the case in other Mexican banks and bureaus de change. As a result, we regret that Royal Resorts is no longer able to accept traveler’s checks in US dollars.
The policy only applies to US dollar traveler’s checks. Traveler’s checks in Canadian dollar, Euro, British pounds and Swiss Francs are not affected by this ruling.
Furthermore, Mexican banks no longer accept checks in US dollars drawn from banks in the United States. This rule does not apply to checks in US dollars drawn from banks outside the United States, for example in Canadian or European financial institution.
Use other travel money options
As alternatives to US dollar traveler’s checks, there are US dollar ATMs in the Royal Resorts lobbies for the convenience of members and guests or you can use ATMs at local banks to withdraw cash. Debit cards with the Visa or Master Card logo and Visa, Master Card and American Express credit cards are widely accepted in supermarkets, stores and restaurants.
You may pay your resort bill at check out using Visa, Master Card and American Express or cash payments in Mexican pesos or US dollars.
Before you leave home, it is a good idea to notify your bank and credit card company that you are traveling overseas.