ATM's

[QUOTE=Captain; 415828]Well, that rate " after" all fees etc from Citi ATM machines is 4. 01.

The rate I am getting using a US credit card is 4. 03 after all fees etc. [/QUOTE]Cash is king here. Bring in U$ in unmarked notes and forget about the card. My cash exchange guy delivers and gave me 4. 07 last week and Rock Harders (El Alamo) , was offering better than that a week back. It adds up.

Argento

[QUOTE=Northsider; 415824]So I go to withdraw, and get the message that I will be charged XX. XX pesos for the transaction. I canceled, then went around the corner to the Florida Citi branch and did my business.

[/QUOTE]I've been having to use my US ATM card the last week or so. The Banelco fee is 16. 45 pesos per transaction. I haven't looked to see if my own bank has also been reaming me.

[QUOTE=Schmoj;415864]I've been having to use my US ATM card the last week or so. The Banelco fee is 16. 45 pesos per transaction. I haven't looked to see if my own bank has also been reaming me.[/QUOTE]That 16p fee gets charged on non Banelco machines at Citibank as well. My bank out of the USA reimburses me those fees as long as there aren't a ton of them per month.

[QUOTE=Argento; 415860]Cash is king here. Bring in U$ in unmarked notes and forget about the card. My cash exchange guy delivers and gave me 4. 07 last week and Rock Harders (El Alamo) , was offering better than that a week back. It adds up.[/quote]I abanoned the cash machines down here a couple of years ago as I got fed up with the fees and restricted withdrawals. I always bring american $. I got 4. 01 at Ezeiza (Banco National) yesterday. Guess I will be talking to Argento or Rock before my next transaction.

If you want to work with cash to avoid fees you just have to learn where they pay more. For example in Moreno near where I live there is a "sastre" who changes U$D for 4. 10 for $1000 and over. For lesser amounts 4. 08. Every where I have ever lived or worked I have always found these hole in the wall places that pay over the going rate.

Where is the best place to exchange money. I assume the airport rates suck. How about ATM rate.

Thanks why'all.

Jay

Spend some time browsing the forums here. Your questions have been thoroughly discussed. I've been using a bank recently (and I don't think that banks have been discussed much). The bank I use is very convenient to where I stay and the rate seems to be competitive with the best rates in town.

Bob.

[QUOTE=JayHighFive; 416149]Where is the best place to exchange money. I assume the airport rates suck. How about ATM rate.

Thanks why'all.

Jay[/QUOTE]

Saw this in the Herald today:

[url]http://www.buenosairesherald.com/article/65423/atm-withdrawal-rises-to-10000-pesos-[/url]

The way I read it, it would apply to all ATM's. Hopefully those limited ATM withdrawal limits are a thing of the past.

[QUOTE=Tequila Tim; 416954]Saw this in the Herald today:

[url]http://www.buenosairesherald.com/article/65423/atm-withdrawal-rises-to-10000-pesos-[/url]

The way I read it, it would apply to all ATM's. Hopefully those limited ATM withdrawal limits are a thing of the past. [/QUOTE]Thats excellent news.

Guys, please confirm if this is working?

This aspect has been one of the most frustrating aspects of "Life in Ba" in the past.

It says that you can make interbank transfers from a ATM. It does not mean that you can withdraw up to 10k from a ATM only transfer it to another bank.

Mongers-

Since no ATM in the world (that I know of) can spit out more than 40 bills at a clip, and the highest denomination bill in circulation in Argentina is the 100 peso note, the most an ATM could possibly give in one transaction would be 4000 pesos.

Suerte,

Rock Harders

Citibank waives the 3% foreign transaction fee if you have funds in an account with them. Seems like there are citibanks around BA from my walks with WT69. Just got $2500 pesos from one last night at 410. Believe you could get more but did not look closely.

Nice to be able to get pesos 24/7. I use Citi in COL & Central Am as well.

Enjoying this city a lot!

EO

Greetings Mongers,

My experience with Citi was very good.

Withdrawals were around 2400p max,

But I usually got 2000p.

The 3% transaction fee was waived because.

I had a 6 digit large account with them.

So, be sure when you sign up, what is the minimum.

Balance necessary to avoid ATM fees.

Jackpot

I agree CITI is the way to go. If you are a good customer they will cancel any charges if you have over 100K.

Required balance was recently lowered from $100k to $50K