Thread: ATM's
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03-13-11 15:39 #474
Posts: 746Spend 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.
Originally Posted by JayHighFive [View Original Post]
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03-13-11 13:29 #473
Posts: 6Exchange Money
Where is the best place to exchange money. I assume the airport rates suck. How about ATM rate.
Thanks why'all.
Jay
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03-01-11 18:31 #472
Posts: 911Cash
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.
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03-01-11 13:35 #471
Posts: 71Cash is King here
Originally Posted by Argento [View Original Post]
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03-01-11 09:22 #470
Posts: 2470Originally Posted by Schmoj [View Original Post]
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03-01-11 00:51 #469
Posts: 302Originally Posted by Northsider [View Original Post]
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02-28-11 17:33 #468
Posts: 366Originally Posted by Captain [View Original Post]
Argento
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02-28-11 17:06 #467
Posts: 21Is this pulling cash out of the CC, or charging purchases?
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02-26-11 17:59 #466
Posts: 1099Originally Posted by Northsider [View Original Post]
The rate I am getting using a US credit card is 4. 03 after all fees etc.
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02-26-11 14:49 #465
Posts: 21Fun with figures at Citi
The other day I came across the big Citi bank in Microcentro, huge place with several floors and a lot of activity. To my surprise there was no Citi ATM in the building that I could find, and no one there knew of, other than a Banelco. 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.
Got home and checked my activity online. The canceled transaction was listed, and then deducted. The usual listing is the amount of the withdrawal, then another listing with Citi's 3% fee. The rate I got from the Citi ATM (before fee) came out to a 4.03 pesos per dollar. The Banelco pre-fee rate was 3.92. This comes to app. 1% difference. I assume this was at least part of this was Banelco's fee, and perhaps skimming a little on the exchange rate (can't recall the charge figure that was on the screen). Regardless, it's another 1% hit.
So, if you have a Citi ATM card and you go to one of their branches to withdraw beware of these Banelco machines.
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12-22-10 12:10 #464
Posts: 27ATM fees
There seem to be fee differences depending if you withdraw money from your credit card account vs directly from your checking or savings account. I withdrew 600 pesos from my credit card and I was charged around $155. 00 USD plus a $5. 00 ATM fee. In addition my bank charged me an interest fee. When I called my bank on this, they cancelled the ATM fees and the interest charges.
I started drawing directly from my checking account and I was charged around $159. 00 for 600 pesos and charged a $2. 00 fee with no interest. In this case I took out 600 pesos at the total cost of $161. 00.
The differences ($159 vs $155) were not as a result of the exchange rate.
All the withdrawals were from the same ATM.
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11-29-10 14:17 #463
Posts: 6Citibank ATM transaction
This was in one ATM transaction. It did not say Banelco on the screen.
Originally Posted by Desmond the [View Original Post]
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11-27-10 23:18 #462
Posts: 21Originally Posted by Gmx888 [View Original Post]
Did it say Banelco on the screen?
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11-27-10 19:26 #461
Posts: 6Citibank ATM on Santa Fe and Montevideo
I just pulled out $2790 pesos from this ATM this afternoon. I chose that amount because I have a $700 withdrawal limit on ATMs.
Had I know another person was able to pull $4000 pesos, I might have tried that instead. I hate those damn ATM fees, damn you big banks!
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11-25-10 13:38 #460
Posts: 302Never Worked for Me
Originally Posted by Desmond the [View Original Post]
I've never been able to get dollars out of an ATM in Argentina. I have tried at numerous ATMs with cards from both an Argentine and a US account.
As to why the option appears? It could be as simple as no one ever got around to restocking the machine with dollars. However, my guess is that some Argentine accounts allow you to withdraw dollars from an ATM (mine does not) but this is not available to all users of the ATM.