Thread: Exchanging Currency

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  1. #1982

    Schwab card

    I got a Schwab account to take advantage of the no foreign transaction fees and no ATM fees. It was easy to set up on line while stateside and I seem to recall the card came within a week. You also have a brokerage account if you want to do trades, etc. The only slight drawback is that they sit on your money for three business days if you transfer from another bank account. In my case my Chase account. Not a big deal, as long as you plan ahead, but worth knowing about.

  2. #1981
    My Schwab card refunds my ATM fees, world-wide, the very next business day. But I am probably more good looking and have a huge dick. Or not. E-Trade also rebates ATM fees but charges 1% foreign transaction fees if you use the debit card for purchases. One guy I talked to recently did say that Schwab opened accounts for him and then immediately closed them because they were not satisfied with his credit. We found that puzzling since all you are doing with an ATM card is taking out your own money. Even if they give you margin privileges, they can just liquidate your securities to satisfy your overdraft. So that was weird. He actually suggested that Schwab do something physically impossible to itself, so he might have been a little peeved.

    Either a Schwab or an E-Trade ATM card, or both, plus a Capital One credit card that charges no foreign transaction fees and gives you cash rebates or travel points, should be in the wallet of all international mongers, and indeed all mongers, and indeed everyone.

  3. #1980
    Senior Member


    Posts: 572

    Schwab ATM Card

    While it will not stop the local bank thievery, the Schwab ATM card rebates the ATM fees at the end of each month. In addition to an almost worldwide ATM card, Schwab Bank also charges NO foreign currency conversion commission. Schwab Bank is an Internet bank that gives you access to your bank account anywhere in the world that has Internet access.

    Tres3.

  4. #1979

    Mafiosos

    Quote Originally Posted by FunPete  [View Original Post]
    It's ridiculous, banks now charge AR$196 , about US$10 ATM fees with a limit of AR$3,000 withdraw. It happened to me at HSBC, maybe there are other banks with other fees? I will report if I find out. But it looks like cash or credit card are the best options.
    Fucking banks here have always been thieves.

  5. #1978

    Today’s Dollar rate

    Was 20.60 on Florida for a $100 bill.

  6. #1977

    ATM Fees 196 AR$ (about US$10)

    It's ridiculous, banks now charge AR$196 , about US$10 ATM fees with a limit of AR$3,000 withdraw. It happened to me at HSBC, maybe there are other banks with other fees? I will report if I find out. But it looks like cash or credit card are the best options.

  7. #1976

    19.50 on Florida

    On Wednesday January 24, 2018 I exchanged at one of the Florida Kiosks for 19.50.

  8. #1975
    I got 19 on Calle Florida a couple hours ago, which I'm happy with since the official is at 18.66 right now tumbling down from a high of about 19.1 on Tuesday.

  9. #1974
    Quote Originally Posted by Vampire  [View Original Post]
    I got 18.6 on Calle Florida today. There used to be some Brasilian's up by Plaza San Martin that I traded with, but they must no longer be there. Huge line of gringos at the currency exchange going for 18.4. Saved more on time than on money.
    I received 19 for $1000 on Florida Friday 1/5. At 5 pm. On the next day I was offered 19.1 for $1000 by another tout on Florida but did not need to exchange.

  10. #1973

    Calle Florida

    I got 18.6 on Calle Florida today. There used to be some Brasilian's up by Plaza San Martin that I traded with, but they must no longer be there. Huge line of gringos at the currency exchange going for 18.4. Saved more on time than on money.

  11. #1972
    Quote Originally Posted by JimMac  [View Original Post]
    Can anyone give me locations of any good, safe cuevas in Palermo? Any within a 20 minute walk of Plaza Italia would be ideal. Would appreciate BM's help on this.
    Very close to Plaza Italia:

    Thames 2426.

    It is a Western Union / Cueva ran by very nice Columbian guys.

    Never had a problem there.

  12. The Following User Says Thank You to Diegoccs For This Post:


  13. #1971

    Cuevas in Palermo?

    Can anyone give me locations of any good, safe cuevas in Palermo? Any within a 20 minute walk of Plaza Italia would be ideal. Would appreciate BM's help on this.

  14. #1970

    I would still bring cash to Buenos Aires.

    I get my ATM fees reimbursed by Schwab so from the ATMs I am getting 17.20 ARS to the USD. If I did not get my ATM fees reimbursed it would be 15.83. ATM fees are extremely high. From the cambio yesterday, I received 17.80.

  15. The Following User Says Thank You to Big Boss Man For This Post:


  16. #1969
    Quote Originally Posted by OldCoach  [View Original Post]
    Surely you mean 17.8 ?
    You are correct. 17.8 pesos to the dollar. Thanks.

    G. V.

  17. #1968
    Quote Originally Posted by GringoVerde  [View Original Post]
    Yesterday I got 7.8 pesos to the dollar for 4 $100 bills at the exchange shop in Galaria Colon on the 300 block of Florida. He gave me the same rate last Thursday. That's about 50 centavos more per dollar than the bank rate right now, or less than a 3 percent advantage.

    G.V.
    Surely you mean 17.8 ?

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