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[QUOTE=Felipe]Are there any issues with entering back into Argentina with a large amount of dollars?[/QUOTE] I believe the law remains the same, you need to have less than $10,000 US, though you can allways TRY to get away with more. But to be on the safe side Don't bring in more than $9900.
Badboy
[QUOTE=Badboy13]I believe the law remains the same, you need to have less than $10,000 US, though you can allways TRY to get away with more. But to be on the safe side Don't bring in more than $9900.
Badboy[/QUOTE]The law says you must declare amounts over 10,000, not that you can't bring it.
I have never done it, so what happens next is for someone else to find out!
David
The truth is you CAN, bring in more than 10,000 US into any country. BUT then you have to declare it, meaning you have to have proof as to how you obtained this money, meaning you will need bank statements and in some cases, if you own your own business, you will need to have income tax declarations and things like this. At least THAT is the procedure in the US. Every country has it's own way of dealing with these things. I don't know how Argentina deals with this, but seeing as how their banking system is all fucked up I wouldn't want to find out. The governments have such strict guidelines and regulations because they are trying to curb money laundering and now terrorist funding and drug sales and things like this. It is understandable in this sense but now anyone carrying over 10K in cash they look at as a possible drug dealer. I would not advise bringing in more than 9900. But if you DO bring in more, please write about the experience on this forum. I would personaly want to know how it turned out.
Here is a link to a U. S customs site:
[url]http://www.cbp.gov/xp/cgov/travel/vacation/kbyg/money.xml[/url]
I am sure this was a hypothetical, but either way I hope that helped.
Badboy
I remember reading in another forum about a Canadian lady who brought about 100k into Argentina, in order to buy property, through Paribas bank.
She got dollar cash from them with 1% commision only.
El Greco
I have been using the Citibank ATM right down the street from Alvelar Palace. They are giving a decent rate of 3.047, better than Metropolis of 2.97. Seem to be able to pull 2500 pesos at a time.
From my experience, International banks (HSBC, Citi, Boston, etc. Always give the OFFICIAL exchange rate through their ATMs. Cambio houses have no such requirements and I have seen differences of 3-4 pennies on the same day. Usually the ones near tourist places give a lousy exchange - Florida Street, near the Mariott for example.
Metroplois is horrible - 2.97 is BS.
[QUOTE=StrayLight]Almost a month ago I wired several thousand dollars from my bank in the States to my bank here...(and) my bank here insists they have not received the money, despite the fact my bank in the States shows a solid transaction.[/QUOTE]Of course, of course.
Got a call from the States today. The money is sitting in some bank headquarters holding tank here. Seems the account number isn't enough now. [u]Now[/u] they need to know the address of the local branch before they can forward the funds to my account.
David Crosby once said, [i]"If you want something for nothing, go jerk off."[/i] I guess this sort of thing is one of the prices we pay for $5.00 USD filets and $40 USD pussy.
SL
I just checked my online records and it seems Citibank charged me 1 percent for each withdrawal I did. They said I used a non-Citibank ATM, but I used Citibank ATMs every single time. I am definitely going to complain. Seems to be better to bring cash and change at a bank, but the only problem is you will be carrying so much cash all the time.
[QUOTE=Badboy13]. Now anyone carrying over 10K in cash they look at as a possible drug dealer. I would not advise bringing in more than 9900.
Badboy[/QUOTE]Be careful taking more than $10K out of the US in cash via Miami International. Stay legal if you go out that way. They actually have a damn dog that is trained to "smell the money" and is used for some outgoing flights! (No BS - they have separate dogs for food, explosives, drugs and money. Just need one for the lawyers now!
Regards.
Polvo
[QUOTE=Hefe]I just checked my online records and it seems Citibank charged me 1 percent for each withdrawal I did. They said I used a non-Citibank ATM, but I used Citibank ATMs every single time. I am definitely going to complain. Seems to be better to bring cash and change at a bank, but the only problem is you will be carrying so much cash all the time.[/QUOTE]Citibank USA charges a 1% foreign exchange fee for withdrawals from foreign Citibank ATMs. There are very few US banks where you can get foreign withdrawals without some kind of a fee.
This is my 7th visit. I use Wells Fargo. On previous visits I didn't see any transaction fee (at least, I don't remember seeing any) This time I'm getting hit with a 5.00 'non-network ATM fee' every time. Anybody know why?
I'm going to try and call them and see what the deal is.
For at least the last 3 years W-F has charged me US$5 for overseas ATM w / drawals of any amount (the only exception, for some reason, was Finland a couple of years ago) When I asked my local banker about this when I learned about this, I was told that this is standard in their system and they have gone to the flat fee in lieu of a % service charge which, she said, always raised questions. "People understand a flat $5 per transaction" was the gist of what she said. The moral, if you must use W-F cards in a foreign ATM is: Take out the max, to lower your "interest charge."
On the upside with W-F, when I was in Bs. As. About 2 months ago, I inadvertently left my card in the ATM (in Recoleta) I called the default collect international number (in the US) that W-F gave me before leaving. In 5 minutes they had closed the account, issued me a new card, and air expressed it to me. It arrived 2 days later. The charge? Zip. Go figure.
That's interesting. I called my local branch manager today, and apparently I previously had some kind of waiver on my account, without even realizing it. They are going to put the waiver back on the account, so I don't get hit with these fees.
I've been using E*Trade Banking. E*trade does not charge me any fees, including exchange fees For example, yesterday's ATM withdrawal the exchange rate was slightly over AR$3.08 per US$1. No fees no exchange rates. However, my brokerage retirement account ATM card and my banking ATM card limit withdrawals to US$1,000 and US$500 per day, respectively.
I use E*Trade banking too, and I really like that I have no fees. There's also an additional point that's important to make: it's a snap to transfer money between your E*Trade account and an account at another bank. I have three banking accounts with three different ATM cards. Why? Because I only carry around one on my person at a time and if one of them gets lost or stolen I'm not totally screwed. Additionally, if I need some extra cash I have another couple of cards as backups to get around withdrawal limits. I can zap money between my accounts with just a couple of clicks so I always have access to cash.
[QUOTE=David Ross]I've been using E*Trade Banking. E*trade does not charge me any fees, including exchange fees For example, yesterday's ATM withdrawal the exchange rate was slightly over AR$3.08 per US$1. No fees no exchange rates. However, my brokerage retirement account ATM card and my banking ATM card limit withdrawals to US$1,000 and US$500 per day, respectively.[/QUOTE]