ATM's

[QUOTE=Sidney]I have been able to withdraw 600 pesos.[/QUOTE][blue]Sidney,

The most important question is: What system did you use?

Banelco, Link, etc.

Thanks,

Jackson[/blue]

Thanks everybody for all the info. This really is a screwy situation with the ATM's, the only thing I understand is, I'm being screwed! ATM fee, Foreign Transaction fee, give me a break.

However, for practical matters this may help: a couple of weeks ago I went to Citibank, used a Master Card, and was able to withdraw 1000 pesos in one shot. Today, just to see, I tried to pull 1500 pesos in one shot and surprisingly I succeeded.

I had to acknowledge that I was not in violation of money laundering laws!

The good news in all this is that the Not-So-Almighty-Anymore Dollar is actually getting more pesos today than it has all year. Go figure. Anybody planning on a trip to Brazil might want to hurry up. In relation to the Real, the dollar is sinking steadily.

[QUOTE=Sidney]Several others.[/QUOTE][blue]Hi Sidney,

Banco Cuidad is the name of the bank, which is generally irrelevant.

What we need to know is the name of the [u]ATM system[/u] that the bank's ATM was using.

Banelco, Link, Cirrus, etc.

Thanks,

Jackson[/blue]

This week the peso has plummeted! I'm not complaining, but I was wondering if anybody knows why, and if it is likely to fall more, stay the same, or revert back to where it has been for the past two years?

My last visit (May 07) as a us Citibank Gold account holder, I was able to obtain 2000P per withdrawalfrom a Citibank at Callao / Alvear day after day with no transaction fee.

So Sydo, Did you use a non Citi card in the Citi Banelco? My understanding is Banelco is a consortium of banks who operate this cash service and extract a piece of the action. You can use the Banelco at many banks but you will pay a fee and apparently be given a mere pitance of a withdrawal.

Go with a Citibank ATM with a Citi account in the US and stop the whining.

Jackpot

Looks like "whining" to me! But then all his post look like "whining" to me.:rolleyes:

Just get a US Citibank savings account to use as an ATM cash account. Transfer money into the account as needed. $500 minimum balance for no monthly fees. In the US, ATMs at 7-11's can be used with a Citibank card without any fees.

[QUOTE=Jackpot]My last visit (May 07) as a us Citibank Gold account holder, I was able to obtain 2000P per withdrawalfrom a Citibank at Callao / Alvear day after day with no transaction fee.

So Sydo, Did you use a non Citi card in the Citi Banelco? My understanding is Banelco is a consortium of banks who operate this cash service and extract a piece of the action. You can use the Banelco at many banks but you will pay a fee and apparently be given a mere pitance of a withdrawal.

Go with a Citibank ATM with a Citi account in the US and stop the whining.

Jackpot[/QUOTE]I am not sure of other locations, but at the Citibank branch on Callao and Alvear, I was able to use either the normal 2 Citibank branded ATMs, or the banelco one inside that Citibank branch without special fee, and either one let me take out up to my set limit of $1k per day, just over 3k pesos depending on the exchange rate (you can raise or lower the initial default that Citibank gives you - I don't remember what mine started at but it was I believe either 300 or 500, and I had them raise it to 1k)

One time, when I used the banelco one inside that Citibank branch, they charged me some ATM fee that came out on my Citibank transaction statement online as a foreign funds fee - I called Citibank, let them know I had withdrawn from a banelco inside their Citibank locationand they reversed that charge.

Around other world locations, I've found that policy to be the same. Citibank doesn't care who it is, as long as you take out cash from an ATM that they allow to be put inside their bank, you will (or should) never pay a fee to take cash out.