Cash or C.C.?

Mr. Hollywood says on Nov 5, 2004, 09:16:

No question Cash is trading at about a 14% discount to the bank rate right now. So confirm with your home bank that they'll allow your ATM to work in foreign machines (it's their issue, not with the machines here, which work with lots of international networks). Withdraw cash from an ATM for walking around money and the best thing is to use a credit card for major purchases.

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brunito says on Nov 5, 2004, 09:32:

If your Bank is part of Cirrus or Plus, there... should'nt be any problems.

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livinit says on Nov 5, 2004, 09:53:

just got back, no hay problema.
cc machines are everywhere, just make sure you ahve only a 4 digit pin number. my 6 digit one doesnt work.
doh!

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CasaSol says on Nov 5, 2004, 11:26:

Debit card is best I live here and use a debit/Visa check card with no problems. I have found that the Servibanca (green colored tellers) are the best. They will not charge a transaction fee upon withdrawal but your bank will charge you on your statement. It is rougly $1 per transaction, including checking your balance.

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Peter (Moderator) (Dev team) says on Nov 5, 2004, 11:44:

You should make sure if it is a debit card that it has the cirrus logo on it, you will have no problems with mastercard & visa credit cards.

Poor but snappy

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sandramoreno80 says on Nov 5, 2004, 16:38:

BANKING IN COLOMBIA Just a reminder that when you use a credit card at points of sale in Colombia you must have some id on you and they will also ask you "cuantas cuotas", because in Colombia you can divide the purchase in instalments. So 2 cuotas will mean the credit being repayed in full after 2 months. So to this question you just have to say 1.

Also with debit cards/checking cards (maestro/visa electron) used at points of sale in shops, your 4 digit pin must be punched in to authorise the sale and a sales slip signed too.

BRITANICA

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santiBOG says on Nov 6, 2004, 11:58:

Exchange rates I recommend you use the ATM instead of bringing cash. You will get more pesos for every dollar this way (as opposed to bringing dollars and exchanging them in a casa de cambio)

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Bill1243 says on Nov 6, 2004, 15:50:

and If your hotel bill is quoted in dollars, it is ok to take dollars down to pay it with.

Using credit cards is ok for purchases, but many banks charge yet ANOTHER fee for doing this...on top of all the other fees.

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